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Highlights
- Vulcan Forged (PYR) crypto is primarily an Ethereum-based blockchain game studio, which is built by gamers for the gaming community.
- Built as a play-to-earn ecosystem, the users of the PYR crypto can seamlessly build games on Vulcan’s game studio dedicated to NFT games.
- PYR crypto on Friday was trading at US$3.04 with a volume of US$91,49,073, according to CoinMarketCap.
Vulcan Forged (PYR) crypto is primarily an Ethereum-based blockchain game studio, which is built by gamers for the gaming community. Built as a play-to-earn ecosystem, the users of the PYR crypto can seamlessly build games on Vulcan’s game studio dedicated to NFT games. Vulcan aims at supporting blockchain game developers through a singular incubation infrastructure and has built more than 10 games in its ecosystem so far.
Vulcan Forged is also an NFT marketplace, facilitating the sale and purchase of in-game digital assets in-game. The PYR crypto’s economy is designed to cater to projects who are looking to launch their own tokens. The projects that will launch their games will be listed on the VulcanVerse, which happens to be a metaverse game that has over 10,000 plots of land.
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The PYR token on 8 July was witnessing a rally of 6.42% and a volume rally of 37.72% at 6:30 AM (GMT+1), according to CoinMarketCap.
Why is PYR crypto rallying today?
PYR crypto was witnessing a rally largely on the back of its announcement of Season 2 of its NFT game Berserk. Vulcan Forged added it has introduced 24 new cards, which open up options for its gamers to get involved in.
Besides, the protocol recently minted its first-ever NFT of Vulcan in Athens, which will offer one on one collectibles to its users. The news seems to have lifted the mood in the market as its RSI stood at 41.51 during intraday trading.
Image credit: Trading View
The MACD line, however, did indicate a slowing down of the momentum. The signal line is almost catching up with the MACD line. Having said that, MACD still has its nose ahead ever so slightly indicating that there is a fair amount of interest still being generated in the PYR token.
PYR’s Price Performance
PYR crypto on Friday was trading at US$3.04 with a volume of US$91,49,073, according to CoinMarketCap. Of late, PYR seemed to have shrugged off its bearish momentum as it amassed a minor rally of 3% over the past week and enjoyed a live market cap of US$7,26,60,812 with 2,38,97,700 PYR coins in circulation.
With the markets witnessing volatility, the investors must make sure that they do they don’t rush into judgments and make decisions only after understanding the market and after conducting proper market research to ensure they don’t make bad investment decisions.
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