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

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

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

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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.

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