Why Terra Virtua Kolect (TVK) crypto soared over 50% in 7 days?

4 min read | July 12, 2022 09:36 AM EDT | By Rupam Roy

Highlights:

  • Terra Virtua Kolect (TVK) is a cross-platform that provides an NFT trading platform.
  • The TVK token trades on exchanges like Binance, Uniswap, etc.
  • It returned gains of over 51% in the last seven days.

Terra Virtua Kolect (TVK) surged over 16% on Tuesday, catching investors’ attention. Its price was up over 16% in the last 24 hours, while its one-day volume skyrocketed over 636% on Tuesday morning.

On the other hand, the global crypto market slumped 3.40% to US$884.31 billion at 8:40 am ET on July 12, while its volume for the trailing 24 hours rose 6.67% to US$58.39 billion.

Before we discuss the recent price and performance of the crypto, let's understand what Terra Virtua Kolect (TVK) is:

What is Terra Virtua Kolect (TVK) crypto?

Terra Virtua Kolect (TVK) is a cross-platform NFT token ecosystem that provides a marketplace focused on the non-fungible token creators and collectors for interacting. Its platform is comprised of web, PC, and mobile augmented reality (AR)/ virtual reality (VR) environments.

The project has raised over US$2.5 million in its three rounds of token sales. Some of the project's partners that create digital collectibles include Legendary Entertainment, Paramount Pictures, etc.

It marks its formation as a project in 2017, but its native utility token, TVK had its launch on December 16, 2021. The project was co-founded by Gary Bracey and Jawad Ashra.

Terra Virtua focuses on allowing the users to own digital art that can be experienced both online and in VR. It enables the users to enjoy the digital assets with other users as well as to trade within the community.

It also has a trading platform through which the users could trade or buy NFTs. In addition, it provides a mobile application for using NFTs with AR and a PC app to view NFTs in a 3D space.

The TVK is an ERC-20 utility token of the platform that trades on several major crypto exchanges like Uniswap, BitMax, Binance, etc.

The project may have attracted investors' attention after Kevin Hart announced on July 10 that he is collaborating with the Virtua platform. According to his announcement, he is building metaverse with the Virtua team.

Virtua said that Kevin Hart would bring his metaverse vision to life with the help of the Virtua platform.

Image Source: ©Kalkine Media®; © Alma Aurelia via Canva.com

Bottom line:

The TVK token was priced at US$0.04848 at 9:08 am ET on July 12, up 16.38%, while its volume for the trailing 24 hours jumped 636.14% to US$58.05 million. It has a market cap of US$37.19 million, and its fully diluted market cap is over US$58.17 million.

The token has a maximum and total supply of 1.20 billion, and its current circulating supply is more than 767.28 million. It returned gains of 51.47% in the last seven days while increasing 39.44% over the past 30 days.

The TVK crypto saw the highest price of US$0.069 and the lowest price of US$0.02738 in the last 30 days.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies, you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.