SCARY (SCY) outperformed the majority of cryptocurrencies over the weekend by rallying by more than 1000% while the majority of coins including bitcoin dropped.
The coin traded at $0. today. 02642 at the time of writing, after a 24-hour surge of about 52%.
What Is SCARY (SCY),?
Before we get into the cause of the Bull Run, let’s first define SCARY.
SCARY, a blockchain-based Gamefi platform, is an innovative integrated platform that combines a immersive NFT, Farm and adventures quests to conquer $SCY within the Monsters Metaverse.
It was launched in December 2021 and SCY is its native token.
In the SCARY game, players can choose Scary Door and build empires with the SCY tokens. They can battle monsters for a prize or challenge them to win SCY tokens.
It features two different classes of monsters: Newborn monsters that are born by hatching eggs and Genesis monsters that have unique abilities and skills that Newborn don’t have; only 1000 of them will ever be made.
The game features a fully functioning NFT marketplace that allows players to buy Scary Monsters. At the time of writing each cost 0.2BNB which is roughly $80, which is a bit expensive.
A random system shows three doors that your monster can visit after you start the game. Similar to Monster Inc movies, where monsters visit various doors, this is similar to Monster Inc. You can choose to open a particular door to win different rewards. Additionally, Doors in the game receive 10% of all rewards earned by visiting Monsters.
To keep playing the game without taxes or gas fees, the players must hold at least 1000 SCY tokens. However, the game is currently under development with the beta version anticipated to come in Q1 2022, stay updated.
Why has the SCY price risen?
The recent SCARY migration Scaryswa to a new contract address Scaryswa is one of the main reasons for the price rise. It’s a decentralized exchange.
Our contract migration is live on https://t.co/uqDel09YrK swap ratio is SCY 1:5 SCARY! Scary Doors Game: Enjoy the farms and pools! @AutoSharkFin @autofarmnetwork @Guitar_swap @Farmaggedon_ @RoboWolf8 @CoinTigerEX #Staking #farming #Pools pic.twitter.com/xGQ1pyCrYN
— ScarySwap (@Scaary_Games) February 17, 2022
After SCY was released in December, the token nosedived with the rest of the cryptocurrencies following a continuous crypto bloodbath that has dominated the start of 2022, partly because of the US FED saying it shall increase interest rates in the coming months.
With the game-changing move of the SCY token and the fully functional NFT market, the SCY token’s price is certain to go through a massive Bull Run.
Furthermore, if the team delivers on its beta version promise of the game in Q1 2022, then SCY can rise to over a $1 million valuation.