Although crypto markets traded sideways this week, many metaverse coins saw significant price gains. CryptoSword (SWD), for example, gained over 400% while others only see a two-digit percentage price rise.
According to Bloomberg, it was $0.1421 as of the time this article was written. This is an increase of 453% over the previous 24 hours. CoinMarketCap. It reached $0.3158 at its highest and $0.02447 at its lowest in the last 24 hour.
What is driving the SWD coin’s rally? We take a deeper look at the CryptoSword bullish trends.
What is CryptoSword exactly?
For those who don’t know, CryptoSword is a term that is often used to describe bullish trends in cryptoSword.
CryptoSword is a Metaverse-based Game-Fi project that can be found on Binance Smart Chain. It allows gamers to both play and earn money. SWD is its native cryptocurrency.
For CryptoSword players to be able to play the sword battle, they must have more than one sword in a wallet. A sword costs $50+ 0.04 BNB which is an affordable price to purchase.
Different swords come in different styles and levels. There are five types of swords: Legendary, Mythical and Epic.
Rounds can also be reset once per day. However, the Rounds determine how often a sword can enter a fight and how long it takes to do so.
The level of their swords after they are made is what determines which enemies the players will face. The difficulty of the fight determines which rewards players receive. The base reward for players is 5USDT in SWD tokens.
The game will feature a full Metaverse experience that allows players to go into battle mode to fight unknown bosses. After practicing and training their skills, the skill of the player will be directly related to the amount of rewards. Some features are still in development, however.
Why is Crypto Sword (SWD), price rallying?
CryptoSword (SWD), a cryptocurrency, has been bearish ever since it was listed on CoinMarketCap 10 January 2022. However, that all changed after the coin surged more than 400%.
CryptoSword, via their Twitter account, announced today that their V2 metaverse Battle Mode has been completed and is now open to the public.
🪐The V2 Metaverse Battle Mode has been fully completed and is now open!🪐
⚔️Enjoy the excitement of battle! ⚔️
— CryptoSword | Play to Earn NFT Game (@CryptoSwordsP2E) January 26, 2022
The announcement about new features has thrilled crypto traders, resulting in significant trading volume volume of $4.3 million and a fully-diluted market cap $762,771.