Why Netvrk (NTVRK) crypto is in high demand today? 

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Why Netvrk (NTVRK) crypto is in high demand today? 

 Why Netvrk (NTVRK) crypto is in high demand today? 

Highllights

  • Netvrk crypto is a blockchain-based game that is built on the Cardano platform. It aims to allow users to make and monetise their creations.
  • The users can use the NETVRK tokens to buy in-game assets within the virtual reality world.
  • According to CoinMarketCap, the NETVRK is trading at US $6.84 with a 24-hour trading volume of US $12,845,417.

The augmented reality (AR) and virtual reality (VR) market has seen explosive growth of late. This can largely be attributed to the availability of affordable VR devices and the adoption of HMDs, which has opened a new paradigm of opportunities for the sector. 

The cryptocurrency market has also seen a flurry of tokens that bring in AI, metaverse and real-world experience. Another such crypto that is grabbing the attention of investors is the Netvrk (NTVRK) crypto.  

Netvrk crypto is another blockchain-based game that is built on the Cardano platform. It aims to allow users to make and monetise their creations. The users can use the NTVRK tokens to buy in-game assets within the virtual reality world. 

Also read: Why is Stacks crypto (STX) surging today?

Besides, tokens can be used to buy real estate as the buyers trade the token in return for a vital piece of land. The tokens can also be utilised to generate NFTs, which offers them an opportunity to earn from an alternate source. 

Why is it surging today?

Netvrk is soaring following its partnership announcement with Cornucopias, a massive Play-To-Earn, Build-To-Earn, and Learn-To-Earn blockchain-based game on 1 December.  

Cornucopias and Netvrk will work together to explore the interoperability within their metaverses. With its unique platform, Cornucopias aims to build a virtual headquarters inside the Netvrk Metaverse, which would allow the users to interact and socialise.

Besides, Netvrk has also been on a high, following its Minting Testnet, allowing users to mint the NTVRK tokens on its platform and earn additional income. 

Also read: How is StarShip NFT wooing its investors?

NTVRK’s performance 

According to CoinMarketCap, the NTVRK is trading at US $6.84 with a 24-hour trading volume of US $12,845,417. At the time of writing (BST 7:30 am), NTVRK was up by 13.94% with a fully diluted market cap of US $684,267,111 with a maximum supply of 100,000,000 NTVRK coins. 

 

The recent developments have also spiked trading volume and the price, which is up by US$ 170%. It has been attracting investors on the KuCoin, and Hotbit platform. Seeing the potential, we can expect the token to be listed on other leading exchanges, which would augur well for the token. 

With the metaverse and NFTs on the rise, the games such as Netvrk could do well in the future. The market experts consider the Netvrk token could well be a profitable investment option heading into the future. They feel that it’s in for a rally by +600% in the coming five years, and its price could reach US$700 or more by 2026. 

We can only say that only time will tell if it can cross that mark or go beyond., But for now, it has managed to grab the attention of the investors with the recent rally. 

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