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The CEEK VR cryptocurrency staged sturdy rallies in November and December, and is trying to carry the positive factors at the beginning of the brand new yr.
CEEK VR is among the metaverse cash which have soared in worth with the emergence of latest purposes and Fb’s rebranding as Meta Platforms. The metaverse is anticipated to be a key theme for cryptocurrency and know-how traders in 2022.
The place does CEEK VR match inside the metaverse pattern? What’s CEEK VR and the way is the worth anticipated to maneuver sooner or later? Let’s check out the coin and the newest value forecasts.
CEEK VR offers digital neighborhood for music and sports activities
CEEK VR develops and distributes {hardware} and software program bundles of its digital actuality (VR) headsets and content material supply platform. Its partnerships embrace Common Music, Apple, T-Mobile and Baptist Well being.
CEEK was based in 2015 by Mary Spio, a US Air Drive veteran and deep house engineer with greater than 10 know-how patents. Spio has beforehand held technical management roles at Boeing and Intelsat. CEEK has raised a complete of $7.2m in financing over three rounds, the latest of which was in January 2021, in accordance with Crunchbase.
Within the music business, CEEK permits artists to create blockchain-based customized cryptocurrency cash and merchandise gadgets. These tokens run on smart contracts and can be utilized in VR occasions to create distinctive experiences for followers and extra income streams for creators. Content material builders can earn CEEK VR tokens by creating digital property utilizing CEEK VR’s instruments, open software programming interfaces (APIs) and software program growth kits (SDKs).
Tokenisation of sensible tickets as non-fungible tokens (NFTs) permits content material creators to trace and confirm gross sales on the blockchain ledger and guarantee they obtain royalty payouts.
Holders of CEEK VR tokens can vote to approve which sponsors can bid on naming rights for venues within the CEEK Metropolis metaverse, in accordance with the mission’s whitepaper. CEEK Metropolis provides immersive VR experiences in its theatre, live performance enviornment, sports activities complicated, hangout lounge and different venues. A share of the sponsorship charges are distributed to token holders who take part within the votes.
Whereas CEEK VR initially launched on the Ethereum blockchain, it moved to Binance Smart Chain (BSC) in 2021, changing all its tokens from the ERC-20 normal to BEP20 to scale back transaction prices.
CEEK offers a cross-platform normal so purposes usually are not locked to a selected VR gadget. They are often written as soon as and run on any VR system. Funding agency Citibank estimates that the VR market might be price $1trn by 2035, in accordance with the whitepaper. CEEK expects music to drive VR adoption, with stay occasions accounting for 49% of worldwide music spend.
Analysts at funding financial institution Goldman Sachs estimate the entire addressable market of the metaverse anyplace between $2.6trn and $12.trn based mostly on the worth of the worldwide digital economic system at round $15trn in 2021, in accordance with a December report.
CEEK’s market capitalisation was round $526.2m on the time of writing (3 January) with the worth at $0.70, data from CoinMarketCap confirmed. That ranked it because the 139th largest cryptocurrency and the eighth largest metaverse-focused coin.
CEEK VR value evaluation: From $0.05 to an ATH of $1.20
CEEK held an initial coin offering (ICO) in 2018 and commenced buying and selling at $0.05 on 11 June that yr.
The CEEK VR value soared by greater than 32,000% in 2021, climbing from $0.002017 at the beginning of the yr to $0.6563 heading into 2022. The positive factors got here in the direction of the tip of the yr, because the token traded under $0.01 till a bump in early September to $0.03563. Whereas the worth rapidly slipped again to $0.01, it started to rally once more within the second half of October and reached a excessive of $1.20 on 29 November.
Different metaverse cash akin to Axie Infinity and Sandbox additionally rallied at the moment, after Fb announced its rebranding as Meta Platforms on 28 October.
The CEEK VR value declined in December, falling to $0.3933 on 20 December because the cryptocurrency markets bought off. The value rebounded to $0.8338 on 27 December, slipped again to $0.6547 on 31 December after which moved again to the $0.70 degree.
What’s the outlook for the CEEK VR value in 2022?
CEEK VR value prediction: How excessive will the coin commerce sooner or later?
Technical evaluation from CoinCodex was bullish on the time of writing on 3 January, with the worth round $0.70. There have been 22 indicators giving bullish indicators in contrast with seven bearish indicators.
The three- and five-day exponential moving averages (EMAs), the 50-day simple moving average, momentum indicator and stochastic relative strength index (RSI) had been bearish, whereas the opposite EMAs and the straightforward shifting averages had been bullish. The average directional index, Hull shifting common and volume-weighted shifting common had been exhibiting purchase indicators.
CoinCodex forecasted that the CEEK VR value might rise by 14.18% to $0.806598 by 8 January.
There was technical assist at $0.704811 all the way down to $0.669127, with resistance from $0.740494 as much as $0.776178, the information confirmed.
Algorithm-based forecasting website WalletInvestor in its CEEK VR token value prediction estimated that the worth might slip to the $0.67 degree in February, however then pattern greater for the remainder of the yr to achieve $1.108 by the tip of December.
The positioning projected that the CEEK VR value might attain $1.507 by the tip of 2023 and $2.304 by the tip of 2025. By January 2027, the worth might attain $2.699, the location forecasted. That may point out a acquire of 280% from $0.70 as of three January 2022.
The CEEK value prediction from DigitalCoin anticipated the coin to common $0.96709884128 in 2022, rising to $3.06 by 2025 and $3.06 by 2029, based mostly on evaluation of historic information.
PricePrediction’s long-term CEEK crypto value forecast anticipated the coin to common $2.90 in 2025, up from $0.98 in 2022. The positioning’s machine studying evaluation had the worth rising to a mean of $18.26 by 2030.
It’s vital to understand that cryptocurrency markets stay extraordinarily unstable, making it troublesome to precisely predict what a coin’s value might be in a couple of hours, and even more durable to present long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions mistaken.
We advocate that you simply all the time do your personal analysis, and contemplate the newest CEEK VR information, market tendencies, technical and elementary evaluation, and skilled opinion earlier than making any funding choice. Remember the fact that previous efficiency isn’t any assure of future returns. And by no means make investments greater than you may afford to lose.
FAQ
Learn extra: DeRace (DERCK) price prediction: Horse racing crypto
The distinction between buying and selling property and CFDs
The primary distinction between CFD buying and selling and buying and selling property, akin to commodities and shares, is that you simply don’t personal the underlying asset whenever you commerce on a CFD.
You’ll be able to nonetheless profit if the market strikes in your favour, or make a loss if it strikes towards you. Nonetheless, with conventional buying and selling you enter a contract to change the authorized possession of the person shares or the commodities for cash, and also you personal this till you promote it once more.
CFDs are leveraged merchandise, which implies that you solely must deposit a share of the total worth of the CFD commerce with the intention to open a place. However with conventional buying and selling, you purchase the property for the total quantity. Within the UK, there isn’t a stamp obligation on CFD buying and selling, however there’s whenever you purchase shares, for instance.
CFDs appeal to in a single day prices to carry the trades (until you utilize 1-1 leverage), which makes them extra suited to short-term buying and selling alternatives. Shares and commodities are extra usually purchased and held for longer. You may additionally pay a dealer fee or charges when shopping for and promoting property direct and also you’d want someplace to retailer them safely.
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