A flabbergasting display made by a cryptocurrency named Blockv (VEE) has earned holders over 6800% profit as the altcoin witnessed an abrupt surge in the early hours of the day. This came up at the time when the entire crypto market is being waylaid by an unrelenting bearish force.
The Ethereum based cryptocurrency, BLOCKv, spiked by over 6800% against the US Dollar today. Although most crypto assets including Bitcoin are yet to return on the thriving uptrend, some altcoins apart from stablecoins are giving glimpses of hope for a turn-around soon.
After maintaining a price band between $0.0011 and $0.0015 since the start of November, VEE witnessed a sudden rise at the closing hours of the Asian trading session today.
BLOCKv initially surged from $0.0012 to $0.009 and afterward went higher, initiating a tremendous rally that upped its price to $0.9. The unsung altcoin surged against the US Dollar by 6,857.15% according to CoinMarketCap
Image Credit: CoinMarketCap
This explosive surge made BLOCKv clinch a new all-time high. Earlier, the digital token recorded to its previous high of $0.000823 on October 27.
As a result of the boom, the BLOCKv market cap that was below $40 million now sits above $240 million.
According to CoinMarketCap, the BLOCKv Return on Investment is 392.54%. At press time, VEE remains the cryptocurrency with the highest gain in the market, but we are yet to find the major reason behind the surge.
While this represents one of the several explosive price rises an unpopular cryptocurrency would witness, cryptocurrency observers are already keeping tab on the digital currency to see its endpoint.
BLOCKv (VEE), a Cryptocurrency Focusing on In-Game and Collectible Markets
The Ethereum-based blockchain technology BLOCKv (VEE) was launched on the 1st October 2018. According to Coinmarketcap, VEE has a current supply of 3,646,271,241.2 VEE with 2,661,778,006.076 VEE in circulation. These values significantly increased as a result of the recent parabolic market price surge.
As gathered on BLOCKv’s official website, the cryptographic project strives to be the leading force among developer platforms for dynamic digital objects in the in-game and collectible markets.
BLOCKv is also leveraged with digital objects on the blockchain that covers several sectors such as retail, advertising, entertainment, and event activation.
Since its emergence in 2018, the team powering BLOCKv has enthusiastically worked to build a scalable and robust framework for the success of the project.