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Highlights
- MultiVAC crypto is a multi-blockchain network, which is built around all-dimensional sharding.
- One of the main advantages of MultiVac protocol is that it reduces the cost of transactions.
- According to CoinMarketCap, the MTV crypto is trading at US$0.006795 with a trading volume of US$2,283,483 over a day.
With most of the crypto market down on Tuesday, as an investor one would hardly expect any good news of some trending crypto. While a few cryptos are seeing a bearish phase after enjoying months of rally, one crypto is shining a bit bright in this gloom.
The MultiVAC (MTV) crypto is among the few, which is enjoying a tremendous Tuesday with a rally of 5.82%. The MultiVac crypto, on the back of its strong community-driven network, has seen tremendous growth for some time now. Although the exact reason for the rally is still unknown, but many believe that it could be due to the tremendous community support that is pumping up its price.
Also read: Why is Radix (XRD) crypto trending today?
The crypto saw a similar rally when it was listed on the multiverse in June 2021, which saw its beta mainnet stake more than 400 million tokens.
What is MultiVac crypto?
MultiVAC crypto is a multi-blockchain network, which is built around all-dimensional sharding. Being a public protocol, it aims to integrate large-scale DApps and enhance its transactions per seconds speeds. One of the main advantages of MultiVac protocol is that it reduces the cost of transactions, which often becomes an issue with multi-blockchain networks. The developers can have the option to choose if they would prefer to shard with higher security at a low TPS speed or at a lower security, but at high TPS speed.
It is this flexibility that allows the token to maximize the throughput on every shard, thereby allowing the decentralized blockchains to achieve industrial capacity.
Also read: How high will ACH token go following Binance listing?
How is MTV token faring in the market?
MTV token is among the top 100 cryptos as per market share and is ranked 762 on CoinMarketCap. According to CoinMarketCap, the MTV is trading at US$0.006795 with a trading volume of US$2,283,483 over a day.
Following weeks of bearish trend, the token has been rallying by 4.48% at the time of drafting. From the volume perspective the token seems to be struggling as its down by 19% in the last 24 hours. MTV has a live market cap of US$24,377,353 and a supply of 3,587,369,426 MTV coins.
Conclusion
With majority of projects betting big on metaverse, MultiVac could be one of the tokens which could come out strong in 2022. Experts are predicting that the MultiVac could grow in the coming years and touch US$1,000 in the next 5 years. Besides the basic bearish trend, the experts are overall expecting the token could harp of metaverse and grow further.
