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Highlights
- Holoride platform aims at creating an in-vehicle virtual platform, which offers the users XR reality entertainment system extended reality and NFTs on the Elrond Blockchain.
- Especially with the boom of the metaverse world, the Holoride crypto has been gaining momentum as it provides the users an in-car experience.
- As soon as it was listed on the Maiar exchange, it zoomed to reach US$1.81.
Holoride platform aims at creating an in-vehicle virtual platform, which offers the users XR reality entertainment system extended reality and non-fungible tokens (NFTs) on the Elrond Blockchain. Especially with the boom of the metaverse world, the Holoride crypto has been gaining momentum as it provides the users an in-car experience by providing them with a theme park sort of experience.
RIDE is the native token of the Holoride platform, which governs its network. RIDE token is designed to give the users for using Holoride. Integrating blockchain into the Holoride ecosystem will make the platform transparent.
Why is Holoride rising?
On Friday, Holoride was among the top trends following its listing on the Maiar exchange. The listing, which happened on Thursday, opened the doors for trading from 2 pm UTC. The users will only be able to trade their RIDE tokens by connecting using their Maiar App or Elrond Web Wallet to the Maiar Exchange.
Also read: What is SPELL Crypto? Is it worth your attention?
Besides, the Holoride comes with a unique marketplace, which allows the users to mint NFTs that can be sold or bought on the platform using RIDE token. Users can buy RIDE token though a swap function to EGLD, which would swap the RIDE to EGLD.
How are RIDE tokens doing?
As soon as it was listed on the Maiar exchange, it zoomed to reach US$1.81. However, it has retracted back on Friday and was trading at US1.35 at the time of drafting, according to Coin Gecko. It had a trading volume of US$$33,785,319 with a fully diluted market cap of US$1,349,247,286 on 17 December.
Also read: 8 top events that made headlines in cryptosphere in 2021
With the growth of metaverse, many unique projects have been launched on this platform. The Holoride’s unique in-car experience is yet another project which is now entering into the metaverse.
According to market experts, Holoride is still very new on the horizon to take a bullish or a bearish stance on it. Having said that, the investors are suggested to adopt a wait-and-watch approach when it comes to this token.
Experts feel the investors can take confidence from the fact that the project was recognized as one of the “100 Best Inventions of 2019” by TIME Magazine.
