As the cryptocurrency market struggled to recover, one cryptocurrency stood out with its rise: CEEK VR (CEEK). The cryptocurrency has seen a 28% increase in price over the past 24, according to data from CoinMarketCap and is currently trading at $0.6456. So what is the reason behind the price increase?
What is CEEK?
Launched in June 2018, CEEK VR is a leading Metaverse coin for live concerts and music. Music, sports, entertainment, TV, etc. It offers a variety of virtual reality experiences, including The platform is one of the few projects in the crypto industry that has managed to partner with popular names like Demi Lovato, U2, Lady Gaga, Sting and many more. As we have previously reported, this makes crypto money a must-watch project.
To learn more about cryptocurrencies, you can check out their site and whitepaper.
Why Did CEEK Rise?
It’s no surprise that CEEK is seeing a price hike today and posting moderate growth, gaining over 40% over the past seven days. With a current market cap of $473 million, the altcoin is a fairly undervalued project that could discover market cap when the next crypto bull run occurs.
As a current reason, the listing news from the KuCoin exchange can be shown.
🥳 You Asked, We Listed!
👀 #cheek #ceekvr Listed on KuCoin 🤩
Details👇https://t.co/wvGJbUNdww pic.twitter.com/g4eG5gxj5f
— KuCoin Turkey (@KuCoinTurkey) April 7, 2022
It is open to trading on a number of exchanges such as CEEK Gate.io, MEXC or the domestic exchange Paribu. However, giant exchanges such as Binance and KuCoin were not included in this list. The listings from here were expected to have a significant impact. As expected, we can say that the KuCoin announcement moved the price.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.