Why is Meta Ruffy (MR) crypto gaining attention?

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 Why is Meta Ruffy (MR) crypto gaining attention?
Image source: © Marchmeena | Megapixl.com
Highlights:
  • The Meta Ruffy (MR) crypto, launched in February 2022, is a metaverse-based technology aiming to merge web3, blockchain, and augmented virtual reality.
  • The token can be traded on exchanges like BKEX, PancakeSwap (V2), etc.
  • It returned 180.57% gains since its launch in early February.

The crypto market has been on a recovery phase after its sharp decline early this year. The bounce back follows the heightened Russia-Ukraine tensions and the Fed’s interest rate hike.

On Friday, the crypto market was up 3.70% to US$2.02 trillion, while the 24-hour volume rose 3.18% to US$109.76 billion. The Meta Ruffy (MR) crypto surged over 8.5% on Friday in the broader market rally.

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What is Meta Ruffy (MR) crypto?

The Meta Ruffy (MR) crypto, launched in February 2022, is a metaverse-based latest technology that aims to merge web3, blockchain, and augmented virtual reality.

The company aims to build itself as a major stakeholder in the metaverse entertainment domain. It is building a new open-world, called Ruffy World, with various categories.

The open world includes spas, resorts, relaxing zones, pubs, clubbing areas, gaming venues, a stadium, and a non-fungible token (NFT) marketplace, Ruffy Mall.

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Users can purchase NFT artworks, wearables, etc., in the mall. According to the company, users can even create their own shops and NFTs, using its NFT builder for free, and sell them.

The MR token is the native utility token of the Meta Ruffy protocol. It is used for NFT creation, entertainment payments, shop rentals, etc. The token is available on exchanges like BKEX, PancakeSwap (V2), etc.

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Why is it rising?

The MR token’s recent rally follows a series of developments in the company. Meta Ruffy (MR) CEO Cihan Sasmaz and his team attended the Dubai Crypto Expo held from March 16 to 17.

Meta Ruffy was awarded as the Most Innovative Company 2022 at the event for its metaverse-themed Ruffy World and registering participants for the land sale. Users on the platform can become a landowner in the Meta Ruffy metaverse. They can buy their own land from their decentralized application (DApp) using the MR token.

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Meta Ruffy also announced that each land buyer would be eligible to get a special NFT as a gift. Several individuals and corporations have offered on-the-spot requests for collaboration with the company at the Dubai Crypto Expo. For instance, entertainment brands have sought a partnership with the company to establish their brands in the Ruffy World.

These developments may have raised interest in MR crypto.

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Meta Ruffy (MR) crypto price and performance
Source: *Data provided by CoinMarketCap.com

Bottom line:

The MR token was priced at US$0.0001434 at 9:47 am ET on March 25, up 8.57%, while its volume for the last 24-hours surged over 64.05% to US$1.17 million. It has a market cap of US$120.78 million, and its fully-diluted market cap is US$14.33 million.

The token's max and total supply are 100 billion, and its self-reported circulating supply is 858 billion. It gave a return of 180.57% since its launch in early February.

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