Why is CEEK VR (CEEK) crypto gaining attention? - Kalkine Media

July 05, 2022 11:29 PM AEST | By Versha Jain
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Highlights:

  • CEEK VR offers virtual, augmented reality experiences through its metaverse. 
  • It is a Binance Smart Chain-based token. 
  • CEEK has 23,399 token holders. 

The trading volume of the CEEK VR (CEEK) token rose more than 100% in the trailing 24 hours to Tuesday morning after announcing a land sale starting 10:00 am ET on July 15.

The token has gained around 80% in the last 30 days. CEEK metaverse offers land to host events, parties, hangouts or for gaming and ads. Developers and token holders can earn rewards by owning land and hosting events in the metaverse. 

The crypto market has been facing strong headwinds lately. Some crypto projects have stopped withdrawals due to the high selling pressure. 

However, on Tuesday, Bitcoin (BTC) was up 1.36% to US$19,738.80, Ethereum (ETH) rose 5.15% to US$1,129.04, while CEEK rose 11.96% to US$0.3149 at 6:26 am ET.

The broader market rose 5% early Tuesday but fell slightly afterwards to consolidate a 1.85% lead at US$893.29 billion over the last 24 hours.

What is CEEK VR?

CEEK VR offers virtual, augmented reality experiences through its metaverse. 

The token holders can participate in virtual concerts of real-world celebrities, award shows, tech talks, sporting events, and classrooms through smart contract governance.  

The platform offers various VR experiences in its CEEK CITY, which has a theatre, concert arena, lounge, sports complex, etc. 

Users can create and trade digital assets in its NFT marketplace. By becoming members, they can also acquire rare, limited digital or physical goods as collectibles and have exclusive rights to content and experiences.

Data Source: Coinmarketcap.com

CEEK token:

It is a Binance Smart Chain-based token of the CEEK ecosystem available for trading on Bitget, KuCoin, MEXC, and BingX crypto exchange

It has 23,399 token holders, but only 14 were active in the last 24 hours. The token’s current market capitalization is US$253.2 million.

Its current circulating supply is 803.7 CEEK, and the total supply is 1 billion CEEK tokens.

Bottom line:

CEEK’s trading volume rose 114.41% to US$95.8 million over the last 24 hours. The token has been grabbing attention ahead of its land sale later this month. As the market is extremely volatile, investors should spend on digital assets only if they can risk losing. 

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