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Highlights
- HERO token, riding on high on the Uptober (October), announced that it has crossed 100,000 hodlers.
- One of the main reasons for that is its recent listing on the KuCoin exchange.
- On Monday, the 2719-ranked token was trading at US$0.116472 with a 24-hour trading volume of US $7,74,15,136.
Metahero was established in early 2021, and since then, it has firmly established itself as one of the strongest cryptocurrencies among the new coins or tokens. Aptly named HERO, the utility token is expanding at a rapid pace as more and more users are lining up to be a part of its network.
The result is visible as on Sunday, as HERO token, riding on high on the Uptober (October), has announced that it has crossed 100,000 Hodlers. With the recent game NFT (nonfungible tokens) boom, the Hero token has attracted gamers and game developers as they offer a unique way to own digital assets, which can be traded on the platform. Metahero token also allows the creation of NFTs from real-world works.
Also read: Can ThorChain (RUNE) crypto reach $21 by 2021 end?
Why HERO tokens are soaring
Even before it crossed the 100,000 hodlers mark, the Hero token has been soaring. One of the main reasons for that is its listing on the KuCoin exchange on 29 October. Barring a few occasional drops, HERO token has enjoyed a profitable October, and the trend seems to continue even in November as well.
On Monday, the 2719-ranked HERO token was trading at US$0.116472 with a 24-hour trading volume of $7,74,15,136. Metahero is up 17.04%, with a fully diluted market cap of US$1,172,784,129. From the volume perspective, the KuCoin listing has helped the investors flock in and invest in the token heavily, and the result is visible in the increase in the volume and 125.47%.
Also read: Is it the right time to invest in Ankr crypto?
Created by Robert Gryn, Metahero allows investors to generate ultra-realistic 3D avatars and virtual items across games and online fashion. The technology allows for the creation of NFTs from real-world collectibles and artworks.
Operating on the Binance Smart Chain network, the HERO token, along with Wolf Studio’s superior technology, allows the users to collect the collectables and enable them to transact and earn passive income through staking. The stakers can make a profit of up to 2% by this process.
Conclusion
HERO token has been climbing up the popularity charts of the investors. The NFT boom has helped it, especially with the likes of Axie Infinity and all being popular in the gamers’ community. The creation personalised 3D avatars have attracted gamers on to the platform.
According to market experts, the HERO token could be a highly profitable crypto investment option, especially in long term. They predict that by 2021, the HERO token could reach up to US $0.562, and in five years, it could go as high as US$2,050 by 2026.
