What is Secured Ship (SHIP) and why is it rising?

Highlights:

• Secure Ship (SHIP) is a play-to-earn crypto project developed on the Binance Smart Chain.
• The token's liquidity is locked till 2031.
• The maximum and total supply of the token is one quadrillion.

The gaining popularity of metaverse has created a whole new world for crypto-gaming. Both fields have been gaining traction in the market for a long time, but the metaverse buzz has accelerated the trend recently.

Many crypto enthusiasts and gamers join the crypto-gaming space and this had led to the birth of several new cryptos every day. The global crypto market has evolved so far from the market-dominating Bitcoin (BTC), Ethereum (ETH) to various new altcoins in recent years, reflecting the increasing global sentiment in the cryptos.

Meanwhile, talking about cryptos and gaming, the common names that pop up are SandBox (SAND), Axie Infinity (AXS), and Decentraland (MANA).

Today we explore one such crypto, Secured Ship (SHIP), that appears to be gaining attention of crypto enthusiasts.

Also Read: What is Lunar (LNR) crypto?

What is a Secured Ship (SHIP)?

Secured Ship is a game available on Android platform. The players can simultaneously play and earn. The company intends to offer a different way of earning to the players.

The users would earn through several things in the game, including a passive income. For instance, the company claims that the holders of the SHIP token would be rewarded from the transaction fees, meaning the longer or more tokens the users hold, the more they earn.

In addition to that, the top 3 players of the game would be rewarded with BNB, according to the company's whitepaper.

Secured Ship (SHIP), developed on Binance Smart Chain, is a BEP-20 token with various earning systems. Notably, the company plans to lock its liquidity till 2031 due to the security of its tokens and holders.

Also Read: Why is Friends with Benefits (FWB) crypto rising?

                                              Source: *Data provided by CoinMarketCap.com

Why is it trending?

The SHIP token may have come into the limelight mainly due to its lower prices. Investors tend to invest significantly in projects in the trending spaces with lower prices.

In addition, the company's recently announced partnership with the crypto reviewer and streamer, Travladd Crypto, may have helped gain traction.

Also Read: What pushed AppleSwap (APPLE) crypto to the top gainers list?

Bottom line:

Before investing, investors should closely evaluate the assets, as cryptos are high-risk assets. Being in trend doesn't affirm the legitimacy or security of the assets. In addition, an investor should also focus on the higher volatility in the crypto market than in the other financial markets.

The SHIP token was priced at US$0.000000002196 at 4:21 am ET on March 4, up 7.06%, while its market cap was US$1.26 million. Its fully diluted market capitalization is US$2.19 million, and its one-day volume is about US$1.65 million.

The maximum and total supply of the token is one quadrillion, and its self-reported circulating supply is around 577.26 billion. The SHIP token returned 199.18% over the last three months.

Also Read: Why is Origin Protocol (OGN) gaining attention?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.