Viberate’s Dramatic 24 Hour Climb

Cryptocurrency is well known for being a fast-paced, unpredictable environment. Even so, Viberate’s 400% rise within the last 24 hours has everyone on their toes.

According to CoinMarketCap, Viberate is currently sitting at a market cap of $405 million. While it may seem low, these coins were just introduced to trading in October.

What is Viberate?

Viberate’s crowdsourced live music and blockchain-based marketplace. It uses blockchain technology to match musicians with event organizers and booking agencies. Tokens are used to gain access to music industry contacts and purchase merchandise. Viberate hopes to eventually introduce the ability to purchase tickets.

What Caused the Climb?

Viberate’s ICO originally sold out in less than 5 minutes, raising $10 million. Vibe gained credibility once the Binance exchange added it to its trading options. Buyers jumped at the opportunity and pushed Viberate into the top 100 of all currently traded.

 

Be sure to sign up for a free account to discuss Viberate and many more topics. Register at this link.

tac

TC first began coding on TRS-80’s in high school in 1979. He has been around since the early days where you had to create a function if you wanted your computer to do something. From there to Atari, Commodore, Apple, and PC, he’s written code for them all. Trained in medicine rather than tech, he kept up with the tech world by writing the occasional utility to help with medical training. He also got involved in tech investing early, and managed to avoid the boom/bust cycle in the 90’s because he recognized that many companies didn’t serve a product that consumers needed. Now he applies this background, training and investing approach to cryptocurrency. He shares his thoughts here while providing educational resources for beginner to intermediate cryptocurrency investors and users.

Recent Content