Viberate (VIB) Coin Soars 40% for the Second Time in a Month, Breaking Year-Long Downtrend

The native token of music-focused blockchain platform Viberate, VIB, caught fire recently, surging over 40% in 24 hours, according to market data. VIB rallied from a local low of $0.058 all the way up to $0.091 before stabilizing around $0.08.

Source: CoinStats – Start using it today

The exact catalyst behind the powerful upside move is unclear. However, Viberate has been steadily building real-world adoption, which likely renewed interest in VIB as both a utility token and long-term investment.

For example, Viberate recently announced integration with travel booking platform Travala.com to boost crypto payments in the music events industry. These kinds of partnerships highlight Viberate’s traction in bringing music onto the blockchain.

The pump also comes amid a broader return of hype and bullish sentiment to cryptocurrency markets after a painful 2022 bear market. With tokens recovering off their lows, traders are likely on the hunt for depressed altcoins poised for a trend change—a profile VIB fits.

VIB’s technical chart also made it primed for a surge after touching the $0.058 support level. With bullish divergence on oscillators hinting at waning bearish momentum, the stage was set for an explosive move higher.

Read also:

Viberate appears well-positioned if it can continue expanding the real-world utility of its VIB token and blockchain-based solutions. With both chart signals and fundamentals aligning, VIB could have room to sustain its momentum if broader market winds remain favorable.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

CaptainAltcoin
Logo