Metaverse Crypto Coin Adshares Price Up 20% This Week, What Is It and Why Is the Price Rising?

As crypto markets continue to trade sideways this week, some Metaverse crypto coins are showing significant price gains. Adshares, a Metaverse ad space monetization platform, and a Web3 protocol has been on a bullish run all week, gaining over 20% in price. Let’s look at Adshares and its token ADS and see why the price is rising?

What Is Adshares?

Launched in August 2017, Adshares (ADS) is a Metaverse advertising platform and a Web3 protocol similar to Google’s Adsense. You can think of Adshares as the Adsense of the Metaverse, providing unique ad placements in various virtual worlds.

The Adshares platform includes an Adserver that enables users to rent spaces in the Metaverse, including blockchain games, NFT galleries, and more.

For a brief overview of Adshares and its platform, check out this video explainer:

In addition, Adshares features a Decentralized Autonomous Organization (DAO), enabling ADS token holders an opportunity to vote on proposals that shape the future of the platform.

ADS is the native token on the platform, a deflationary asset whose primary utility is for ad payments. Moreover, fees collected from processing payments on Adshares are distributed among holders, incentivizing users to hold the token.

Why Is Adshares (ADS) Price Rising?

It’s clear that Metaverse and Web3 projects are in high demand currently, and it only makes sense that Adshares has been seeing significant price movements over the past week.

Adshares features a strong community and manages to hold a relatively high market cap and trading volume. At writing, Adshares’ market capitalization is $75 million with a fully diluted market cap of $122 million. Its daily trading volume is $2.4 million.

Adshares has one of the best reputations on the market as the team has delivered on their 2021 Roadmap and completed everything as promised.

In addition, the Adshares team continues to build their product and add features for publishers. Check out this YouTube video for the latest roadmap for 2022:

Metaverse advertising is a unique niche that’s bound to spawn a new market. Adshares is one of the few cryptocurrency projects tackling this new sector, and as the Adhsares team continues to build its product, ADS will continue to rise in value.

You can purchase ADS on PancakeSwap, BitMart, QuickSwap, Uniswap, Changelly PRO, and more.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.

Also Read:

Top 3 Metaverse Crypto Coins With a Market Cap Below $140 Million (March 2022)

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse news!

By Kyle Portman

I love writing, reading, gaming and educating.