Over the past week, the price of the cryptocurrency Vulcan Forged PYR (PYR) has significantly increased. In the past seven days, the coin has increased by over 50%, and today it has increased by over 20%. PYR reached a local high of $4.60 at the time of writing and is currently trading around or near the $4.2 mark.
Although the causes of the abrupt and dramatic increase are yet unknown, several recent statements from the blockchain game project Vulcan Forged appear to be stoking the rumours and excitement around PYR.
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The Vulcan Forged Twitter account announced on October 24th about an impending NFT farm launch. To gain access to unique NFT incentives, users must stake PYR and another ecosystem token, MV.
Vulcan Forged’s PYR Coin Surges 50%: What’s Driving the Pump,Vulcan Forged’s PYR Coin Surges 50%: What’s Driving the Pump
Furthermore, Vulcan Forged hinted to two significant secret upgrades that would be incorporated into the platform today, October 26. Even the specifics are yet unknown, traders’ anticipation of good news has probably contributed to the recent wave of buying pressure behind PYR.
Notable cryptocurrency analysts have also noticed the recent notable price movement of PYR. @GEMDetecter predicted that PYR would hit $5 shortly after it broke out, and he called his earlier buy signal at $2.8.
In the meanwhile, PYR may be prepared to “pump hard,” according to @CryptoTony.
Based on the length of its consolidation pattern, PYR may break out of its protracted trading range of more than 500 days. If $PYR can validate a technical breakout, our upside objectives are $15, $18, and $10.
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The Pyr project has recently generated a lot of anticipation and speculation due to teases about ecosystem changes, which appears to be driving the price surge of over 50% over the last week.
In order to determine whether PYR can maintain this positive momentum in the near future, traders will be keenly observing any fresh developments from Vulcan Forged.
Vulcan Forged’s PYR Coin Surges 50%: What’s Driving the Pump,Vulcan Forged’s PYR Coin Surges 50%: What’s Driving the Pump,Vulcan Forged’s PYR Coin Surges 50%: What’s Driving the Pump, PYR coin Crypto news, PYR coin News