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.
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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.
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