Polkacity is gaining reputation and users with its unique concept of a virtual city and NFT marketplace. This ERC-20 based project is aimed to build the world’s first AR and 3D NFT platform based on multiple blockchains.
POLC is Polkacity’s native and governance token used in this ecosystem for trade and payment. This token price has touched the lowest minimum since hitting its all-time high of $2.89 during the metaverse boom in November 2021. Many Metaverse and NFT based projects tokens have skyrocketed during this time, however, the market metaverse market declined along with a slump in Bitcoin price.
POLC price is ready for an upward journey, and below are the points which affirm an upcoming boost in its price.
Promising Technicals
Polkacity (POLC) is one of the metaverse bluechip gems. With a market cap of just $64 million, POLC is an underperformed small-cap metaverse project. The technicals parameters reveal a hidden upcoming surge in its price.
POLC price has almost touched rock bottom. In addition, the price has not significantly moved this to this lowest price range in the past couple of months. POLC price is in the consolidation phase for months and now the price is ready to take a healthy bounce from this level.
The volume profile suggests an increased interest of buyers around the price level of $0.3. In simple words, a slight breakout from the current price range can result in a massive surge as the buyers will help drive the price further upward.
Accumulation and distribution have touched the highest level of accumulation possible for this token. Now as per this indicator a distribution is imminent. The distribution phase will break this POLC price into a grand rally. And the price could touch the price of $0.38 in the short term.
Strong Fundamentals
Polkacity offers a unique metaverse and is on the way to developing a city where you can own a virtual taxi, gas stations, and even an airport and shopping center. Moreover, keeping these NFTs will fetch a weekly income and an additional share of income from earnings from the bought asset.
In contrast to the frenzy of investing a massive sum in the monkey NFTs, buying and holding an NFT in Polkacity can pay a significant amount of money. The owner of a compact Taxi can get 60 POLC/week while a shopping center owner can get nearly 13,125 POLC weekly plus a whopping 50% of the center’s monthly earnings.
Polkacity is not just a simple NFT marketplace, but it pays the owner for their investment in the virtual asset. This concept makes it a lucrative project for crypto investors.
Polkacity has recently struck a deal with exclusive metaverse advertisement platform Adshares (ADS). The partnership with Adshares will enable users to put a banner on their Taxi and other virtual assets. It will be an additional layer of income through advertising in Polakcity metaverse. Furthermore, with this integration, the monetization in the Polkacity would be easier and make this entire metaverse rich with relevant advertisements. The implementation of this new integration of ads will further contribute in the breakout of the POLC token.
CoinFea Explainer
What is Polkacity (POLC) project?
Polakcity is a NFT marketplace where users can own trade digital assets. It is building world first 3D and Augmented Reality NFT platform. POLC is a native token of Polkacity metaverse.
What is NFT marketplace?
NFT (Non-Fungible Token) marketplace is an online platform where users can buy, sell, store and mint NFTs.
Disclaimer: Information provided in this article should not be taken as financial advise under any circumstances. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.