What is Rune (RUNE) Crypto?

Rune (RUNE), a gaming universe, conducted its weekly live streaming on March 14 to discuss overall sports and gaming trends and its specific game. The token appears to have gained interest as its volume soared 73.42% in the last 24 hours.

In the past, video games have attracted people, but now, more people are attracted to play-to-earn games with more features and earning opportunities.

Also Read: Why is Elrond (EGLD) crypto gaining attention?

What Is the Rune universe?

Rune is a dark fantasy open-ended gaming universe where players can battle, collect weapons, join guilds, earn non-fungible tokens (NFTs) and cryptocurrency while playing the game. 

Rune is built on Binance Smart Chain, and the Rune universe offers the mix of blockchain gaming, decentralized finance (DeFi), and new avatars in the form of NFTs. 

Also Read: Why is HyperVerse (HVT) crypto gaining attention?

The Rune universe consists of various segments such as Rune Evolution, a play-to-earn game and Rune Infinite Arena, a player-versus-player game. Besides this, it also has Rune Farm, a yield farm, and Runewords NFTs.

Its play-to-earn game offers rewards to the players in the form of cryptos, and the yield farm manages liquidity in its ecosystem. Users can get RUNE crypto by providing liquidity through yield farming.

The game NFTs come in seven different classes based on the powers and battle capabilities. These NFTs can be shared, collected, traded in the Rune Market, and players would also be able to lend these in future. 

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Its player versus players game is Rune Infinite Arena, where every 15 minutes, players enter a new arena. After one minute of the battle, the player has to stand last to claim the rewards in cryptos and NFTs.

Runes are the rare stones needed to craft Runewords NFTs, weapons, and armours in the gaming universe. There are 33 types of Runes, and every Rune’s maximum supply can go up to 100,000.

Also Read: What is Helium (HNT) crypto? All you must know

Considering the gaming universe as blockchain-agnostic, the team behind the project has plans to build a bridge to Polygon, a layer two scaling solution that runs alongside Ethereum.

For any crypto project, it is essential to know about the founders. But Rune’s founders are anonymous purposefully to keep themselves protected from the outdated government rules.

However, the team is 12 people, including lead developers, project managers, marketing managers, community managers, and advisors.  

Also Read: Did crypto price crash force NFL legend Tom Brady out of retirement?

Price and performance:

The token has a market capitalization of US$1.36 million. 

RUNE’s current circulating supply is 13,516.98. Its maximum and total supply are 22,530 and 13,517 RUNE tokens, respectively.

RUNE crypto

The token is available for trading at CoinTiger, and PancakeSwap currently.

Also Read: Why is Gauntlet (GAU) crypto drawing attention?

Bottom line

Rune (RUNE) token traded down by 0.71% at US$100.49 on Tuesday at 4:35 AM ET. Bitcoin was down by 1.50% at US$38,406.78 in 24 hours at 4:35 AM ET, Tuesday. 

The overall crypto market is also down by 1.74% on Tuesday morning as per coinmarketcap.com, ahead of the Federal Reserve’s meeting starting from today for two days as the interest rate hike could be a factor to give a direction to the crypto market.  

 The Crypto market is volatile, and investors should be careful while investing in digital assets. 

 Video: ArcadeNetwork & Polygon team up for the world’s first Decentralized Cross Metaverse Bridge

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

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