CEEK VR has become one of the best performing cryptocurrencies during the past day with its phenomenal performance. While cryptocurrencies shot upwards during the bull run of 2021, CEEK token remained bearish which disappointed the token holders. However, good news has finally arrived for the token as it garnered strong bullish momentum during the day and established a new all-time high. At the time of writing, the token stands at a price level of $0.51. The price has surged upwards by more than 100% during the day while the trading volume has increased by 350%. The new all-time high of the token stands at $0.54. With the current price skirting close to the ATH, the bullish momentum is expected to sustain and a new ATH may be recorded before the bulls die down.
Why is CEEK VR surging?
The aim of CEEK VR is to become the mobile VR entertainment market leader. The platform connects musicians and artists with their fanbase through its metaverse. By doing so it unlocks various new streams of income for artists and ensure an efficient connection between an artist and their fanbase. Apart from that, Ceek also provides patented headset and has an NFT marketplace. The major reason behind the surge in CEEK VR’s performance is their offering.
FaceBook recently rebranded to Meta as the firm is now going to focus on the development of its metaverse. This has had a domino effect in the crypto market as projects working in the virtual realm have shot upwards – like CEEK VR. Moreover, the project has also garnered a lot of attention because of its high-profile partnerships. The firm’s partnership with Universal Music has led it to have access to top-of-the-line stars like Katy Perry, Lady Gaga etc. CEEK VR also recently ventured into a partnership with Google for Universal Studio’s upcoming movie, The Mummy.
Future projection
The future is believed to be virtual. After FaceBook’s entrance into the virtual realm, Google has also expressed its interest in the metaverse technology. This will further enhance the value of metaverse-focused projects like CEEK VR. Moreover, the project has been garnering increasing attention because of its recent developments which gives it a strong bullish future outlook. According to the estimates of Digital Coin Price, the cryptocurrency is expected to be operating at a price level of $1.42 in a year’s time while the five-year projection places it at $2.17.
