CryptoPlanes (CPAN) is back on the upswing after a long decline that began on November 25. Over the course of two days, the coin has gained more than $0.55. Its price was $2.56 at the time of writing this article, up 7.09 percent in the previous 24 hours.
CryptoPlanes, like the CryptoCity metaverse, is a blockchain-based game built on Binance’s smart chain that includes a metaverse with NFT planes.
“As a CryptoPlanes player, your goal is to win battles and earn tokens. You can upgrade your plane once you’ve accumulated enough experience points.”
After a protracted drop that began on November 25, CryptoPlanes (CPAN) is on the rise again. The coin has gained more than $0.55 in the last two days. At the time of writing, it was trading at $2.56, up 7.09 percent in the previous 24 hours.
The CPAN token can be used to purchase NFT planes in the game. A plane costs 500 CPAN to purchase, and once purchased, you can use it to play the game, increase the game levels, and win rewards by fulfilling tasks.
There are around 127,000 planes and 212,000 players in the game. Furthermore, over 17 million in-game transactions have been completed to far.
Why is the cost of CPAN increasing?
Due to the ongoing development of its user base, the price of CPAN is increasing. The number of transactions on the app has been steadily increasing over the last month, and it appears that this trend will continue into next year.
According to CrryptoPlates’ official Twitter account, CPAN is the most searched project in the previous 24 hours.
CryptoPlanes is clearly gaining in popularity, which has contributed significantly to CPAN’s recent bullish trend.
While CPAN’s positive trend continues, it’s worth noting that the current price increase does not compensate for the price decline over the previous week.