Digital land sales and the rollout of the Elysium testnet appear to be turning investors bullish on Vulcan Forged $PYR, as reflected in the token’s recent 119% price gain.
All plots of land are available for purchase using PYR, which has prompted some traders to accumulate the token to make a purchase, leading to an increase in demand and token price.of 35 PYR per month for the next four years, land plots in the VulcanVerse can also be used to to earn through gameplay or rent.PYR support on Polygon
A third reason for the bullish turnaround in the price of PYR has been the success of VulcanDex, the protocols decentralized exchange which currently operates on the Polygon and Ethereum networks. According to VulcanDeX, the protocol surpassed a total value locked of $10 million on Jan. 29 and this figure continues to rise as PYR price rallies.
VulcanDEX is also in the process of integrating a cross-chain bridge between Ethereum and Polygon into the ‘My Forge’ section of the DEX that will enable the simple transfer of PYR tokens between the two networks. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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