Mines of Dalarnia (DAR) crypto surges 92% in a day, volume soars over 2000%

4 min read | April 29, 2022 01:36 PM AEST | By Priyabrata Prusty

Mines of Dalarnia (DAR) crypto surges 92% in a day, volume soars over 2000% — Image source: © Jovanmandic | Megapixl.com

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Blockchain-based games are rising in popularity of late, hence their native cryptos are soaring as well.

Mines of Dalarnia (DAR) is a 2D metaverse crypto game that allows players to earn DAR tokens.

Trading volume in DAR token is up by 2,277% in the last 24 hours.

Blockchain-based games have garnered immense popularity over the past one year, which is evident from the growth of Axie Infinity, Sorare, Decentraland, The Sandbox, etc.

Mines of Dalarnia (DAR), a 2D metaverse crypto game, where all assets are tokenised and players get full ownership, is making a splash today (29 April 2022). Its native token DAR crypto is up over 85% today with a massive jump in its trading volume. At the time of drafting this article, DAR was trading at US$1.82 per token, up 92.26% compared to its price at the same time on Thursday.

After remaining range-bound for over four months, this free paly-to-earn gaming crypto is finally firing on all cylinders. The crypto has broken out of its resistance zone placed near US$1.40 with strong volumes. According to CoinMarketCap, trading volume in DAR crypto is up by 2,277% in the last 24 hours to US$1.4 billion, 4.25 times its market cap.

Also Read: Decentraland (MANA) vs The Sandbox (SAND): How do they stack up?

So, what is behind today's rally in DAR crypto? Of course, there have been some recent developments in the company. But before that you should know what Mines of Dalarnia is all about and how can it help players earn money.

What is Mines of Dalarnia (MoD) and how players can earn from it?

Mines of Dalarnia is a blockchain-based game with procedurally generated levels. It is an action-adventure game with a virtual real-estate market. Here, players can mine and combine in-game assets to upgrade their level (skills and equipment). In this game, the task is to discover the secrets of the MoD universe. They can explore territories, fight enemies, mine resources and make profit by trading the rare items (collected in the game) on the marketplace for DAR tokens. They can also earn by winning battles, becoming a landowner and staking DAR tokens.

In this game, all the in-game assets are non-fungible tokens (NFTs) that can be traded on open markets. So, the ownership lies with the players.

Recent developmentd in MoD

After months of testing, Mines of Dalarnia was released on BNB mainnet chain earlier this week on 26 April. So, the play-to-earn game is likely to attract more players going ahead. Not only this, the company has also given a roadmap on its official website for the platform's development. In this ongoing quarter (April-June), the company has planned the release of its in-game marketplace along with content and feature updates.

Also Read: Steem (STEEM) crypto surges 60%, volume explodes. What is driving this rally?

In the third quarter of current year, the company is also planning to launch its mobile app, planetary events, competitive game modes and token rewards.

DAR crypto price performance

DAR is the native token of Mines of Dalarnia universe, and it has a maximum supply of 800 million tokens. However, currently 185.66 million tokens are in supply. According to CoinMarket Cap, this crypto touched a high of US$1.84 today. Given the massive surge in its trading volume, it may cross its 90-day high of US$1.89 soon, technical analysts say.

However, potential investors should thoroughly assess the risks before putting their hard-earned money into the gaming crypto. This crypto has shown ultra-volatility in the past. After touching an all-time high (ATH) of US$4.91 in November 2021, this crypto has not managed to rise above US$3. In fact, DAR crypto made an all-time low (ATL) of US$0.6145 on 15 March. After today's gains, DAR crypto is now 192% up from its ATL but still 63% off from its ATH. So, potential investors should tread cautiously.

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