Calo (CALO) crypto: Why is it grabbing attention? 

April 20, 2022 08:28 PM AEST | By Manu Shankar
 Calo (CALO) crypto: Why is it grabbing attention? 
Image source: nuttapon averuttaman, Shutterstock.com

Highlights

  • Calo Metaverse is primarily a sneakers system that aims to create gameplay using exclusive NFTs.
  • Founded by Tuan Phan and Tri Nguyen, the Calo crypto was rallying on the back of the news of its anticipated 5 NFT shoebox airdrops for its community.
  • The 2,969th ranked token was trading at US$0.295598 with a trading volume of US$4,196,176 over a day.

Calo Metaverse is primarily a sneakers system that aims to create gameplay using exclusive NFTs. Based on running, the Calo metaverse fitness app, which is based on future, artificial intelligence, and VR technology, aims to enhance the sports practice experience. 

Operating on top of the Binance Smart Chain protocol, the CALO crypto has been on a high for the past 30 days. In fact, in the last one month, the CALO crypto has witnessed a spike of over 1,000%. The rally further continued for another seven days as it rallied around 75%. 

On 20 April, the CALO crypto was once again witnessing a boom both in price and volume. The CALO crypto was up by over 25% and was enjoying a volume gain of over 150%. 

Why is CALO crypto rallying? 

Founded by Tuan Phan and Tri Nguyen, the Calo crypto was rallying on the back of the news of its anticipated 5 NFT shoebox airdrops for its community. The airdrop is expected to happen between 20 and 23 April, giving the community a chance to get 1,000 CALO tokens and other random prizes. 

The move-to-earn crypto also provides an opportunity to earn passive income for its holders. Besides, it offers the burn-to-earn opportunity to the users, which gives them a chance to burn calories when participating in various challenges and manage to obtain a corresponding number of tokens that can be used to buy and sell on NFT marketplaces. 

How is CALO crypto faring? 

The 2,969th ranked token was trading at US$0.295598 with a trading volume of US$4,196,176 over a day. The CALO crypto was up by 27.01% in the last 24 hours. The Calo token enjoyed a fully diluted market cap of US$145,702,224 and a maximum supply of 500,000,000 CALO coins. 

Launched in December 2021, the Calo token is available for trading in leading crypto exchanges, such as BitForex, PancakeSwap (V2), and DODO (BSC).

Conclusion

Just trading for the last three to four months, the CALO token is allowing its holders to get fit and explore the world of metaverse at the same time. Especially post the Covid-19 pandemic, more emphasis is being laid on fitness and sports. 

Though it has been on a high of late, it is essential to realise that cryptos bring in a different array of challenges and volatility, and therefore, one must be vigilant while exploring the domain. 

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