The recent drawdown in Bitcoin and other cryptocurrencies has become a cause of concern for many investors. Bitcoin has again become a risky asset and has no haven. This means that when stocks move up bitcoin is likely to do the same and vice-versa.
Art Hogan, chief market strategist at National Securities commented on the topic to VIA News, attributing the downfall to Geoff in more” risky growth names”. However, much to investors’ relief there are still some cryptocurrencies that are still showing rises. Last week it was the AVAX token and this week it is the Terra Virtua Kolect (TVK-USD) cryptocurrency.
TVK-USD is currently in bullish momentum. It has experienced gains of about 26.25% in the last 24 hours. This statistic was last recorded on 24th November.
Volume
Yesterday, 24th November’s last reported value of the token was 112298292, 286.61% above its average volume of 29046792.
Market Cap
The current market cap of Terra Virtua Kolect is situated at 197254923. The total supply is 1,200,000,000.00, the maximum supply is 1,200,000,000.00, and the circulating supply is 434,102,716.00.
All-time high and All-time low of the cryptocurrency
The current value of TVK-USD is situated at $0.46, this was last checked on the 24th of November. The current value is 1254.39% above its all-time low of $1.21, which was reported on Wednesday, 23 December.
As far as the range of the crypto goes, it can be seen from Terra Virtua Kolect’s daily highs and lows, keeping both in consideration it is 27.76% up from its trailing 24 hours low of $0.3600 and 0.01% down from its trailing 24 hours high of $0.4600.
Conclusion
As Bitcoin stoops down, several others to the lens which was otherwise shadowed from the limelight of popular cryptocurrencies like Bitcoin and Ethereum have started showing some potential.
Whether these are long term promising figures or just spurs of the moment are yet to be seen. However, these have certainly intrigued many investors to look beyond the commonly known and popular cryptocurrencies when it comes to investment.
What do you say? Will Bitcoins glory because of these coins or will it continue to sustain? Let us know your side.
Read More: India Might Tighten Crypto Rules Instead Of Imposing An Outright Ban, Crypto Exchange Boss Says
