Why is metaverse-based Plutonians (PLD) crypto rallying?

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Why is metaverse-based Plutonians (PLD) crypto rallying?

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 Why is metaverse-based Plutonians (PLD) crypto rallying?
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  • Plutonians is a new role-playing game built on the Solana blockchain
  • The game's framework intends to bring together the Web2 multiplayer universe and Web3-enabled virtual reality (VR) metaverse.
  • It provided gains of over 67% since CoinMarketCap.com started tracking its data on April 22.

The metaverse is among the hottest trends in the market in recent days, gaining attention from investors due to the unique developments in the sector. Plutonians is among the trending names in the industry, evidenced by the hype built up surrounding the project among social media users and its price surge.

The Plutonians (PLD) crypto price jumped over 31% on Tuesday morning. Before we explore the possible factors that may have triggered the token's recent rally, let's examine the token details first.

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What is Plutonians (PLD) crypto, and why is it rising?

Plutonians is a new role-playing game built on the Solana blockchain. It is a non-fungible token (NFT)-enabled and SPL (Smooth Love Potion) token powered RPG video game. The core framework of the game intends to bring together the Web2 multiplayer universe and Web3 enabled virtual reality (VR) metaverse. The governance token of the platform is Plutonium DAO or PLD.

The Web2-Web3 hybrid metaverse game aims to become a dominant name in the already flourishing GameFi and play-to-earn marketplace. It has another token called Republic Credits (RPC).

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Meanwhile, Plutonians plans to officially partner with Aldrin Labs and its new Solana wallet called Buzz. It would provide attractive and unique staking and earnings solutions to Plutonians token holders. It will help them earn in-game fuel token PU238 and other exclusive NFTs.

The NFTs found on Solana's premier marketplace, Solanart, includes spaceships, engines, weapons, and other components of NFTs on Plutonians.

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Although there could be various reasons for the token's recent rally, the company's listing on the KuCoin exchange may have helped secure gains. It said it would be listing PLD tokens on the exchange at 11:00 am UTC on April 27, while deposits are already open.

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Plutonians (PLD) crypto price and performanceData Source: CoinMarketCap.com

Bottom line:

The PLD token was priced at US$0.2462 at 10:21 am ET on April 26, up 31.29%. It has a self-reported market cap of US$899,442, and its fully diluted market cap is US$86.18 million.

The token has a maximum supply of 350 million, and its self-reported current circulating supply is 3.80 million. It provided gains of 67.29% since CoinMarketCap.com started tracking its data on April 22, 2022.

It saw the highest price of US$0.2756 and the lowest price of US$0.1248 in the last seven days. It reached its all-time high of US$0.2756 on April 26, 2022.

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