Can CryptoZoo (ZOO) touch $1 by end of 2021?

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 Can CryptoZoo (ZOO) touch $1 by end of 2021?
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Highlights 

  • CryptoZoo is a Binance Smart Chain NFT project launched by YouTuber Logan Paul.
  • With Cryptozoo, the holders can breed, collect, and trade exotic hybrid animals as NFTs.
  • According to CoinMarketCap, the ZOO is trading at US $0.000164 with a 24-hour trading volume of US $3,442,473

The cryptocurrency world off late has had many sits up as investors taken notice of a new phenomenon called the non-fungible tokens (NFT). The explosion of NFTs in 2021 has given already popular cryptocurrencies a medium to express themselves more openly and more prodigiously than before.

It started as a medium of sharing or connecting with fans, now it has grown exponentially and is breaking into new domains such as arts, games, personal collectibles etc. Especially the games category, which has seen a series of games being launched through NFTs and has become popular platform to not only enjoy the game, but also earned in the process.

The new kid on the block is CryptoZoo. CryptoZoo (ZOO) is a Binance Smart Chain NFT project launched by YouTuber Logan Paul. CryptoZoo is second foray into the crypto space for the NFT fan.  With Cryptozoo, the holders can breed, collect, and trade exotic hybrid animals as NFTs. Cryptozoo aims to allow the users to create hybrid NFT animals, which the users can hold or trade to yield tokens and in return, earn profit.

Also read: Mt Gox. insolvency: Can UK investors be Bitcoin millionaires overnight?

CryptoZoo is governed by its native token ZOO and will need wETH to purchase NFT eggs. With wETH, the users can breed the new animals on the protocol.

Why is CrypoZoo unique?

CryptoZoo already has 5,000 holders, and the users can create their version of hybrid animals such as Penguinshark, Pandacat. In order to buy ZOO, the users will have to first download the Trust Wallet app, following which they can purchase Binance Coin (BNB).

Also read: Which cryptocurrency exchanges are FCA approved in UK?

With its unique NFT model, holders also stand a chance to earn exclusive reward points. The ZOO’s vibrant ecosystem is largely community driven and derives its value from there.

CryptoZoo aims to combine the proven success of gamified animal ownership along with anticipatory optimism to collect trading cards. The idea behind the CryptoZoo was to bridge the gap between NFTs and tokens.

Is it a good investment option?

CryptoZoo is ranked 2826 on CoinMarketCap. According to CoinMarketCap, the ZOO is trading at US $0.000164 with a 24-hour trading volume of US $3,442,473. At the time of writing (BST 12:00 pm), ZOO was up by 38.29% in the last 24 hours. ZOO currently has a fully diluted live market cap of US $337,381,982 with a maximum supply of 2,000,000,000,000 ZOO coins. 

ZOO token has been in controversy many times largely due to its delayed launch with many doubting the feasibility of it in the long run. Investors believe that Zoo is best to make profit in the short-term and as its already seen bearish run since its launch, the customer confidence is yet to settle in.  

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