Home » Journal » Why Is Victoria’s VR Price Surging? Major Exchange Listing and Strong Utility Drive Attention to the Token

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Why Is Victoria’s VR Price Surging? Major Exchange Listing and Strong Utility Drive Attention to the Token

Samuel Munene

February 2, 2024

The price of Victoria VR’s native token VR spiked 31% to $0.03 today, seeing over 270% greater trading volume. The rapid increase comes as major exchange Bitget has listed the VR token, opening up a VR/USDT trading pair based on an X post by @CryptoDiffer.

Exchange listings are highly impactful events for cryptocurrencies, immediately expanding their reach to the exchange’s user base. Listings also provide investors easier access to buying and selling the asset, bolstering liquidity. For lesser-known tokens like VR, exchange listings bring validation and higher credibility.

Platform Utility Also Driving Interest

But exchange impact aside, Victoria VR’s underlying platform growth is likely also contributing to VR’s expanding profile. Victoria VR operates an MMORPG (massively multiplayer online role playing game) in virtual reality, with users rewarded for activities via the VR token.

Features like quests, adventures, virtual galleries, and a 3D NFT marketplace called The Big Market VR foster continual involvement from the platform’s VR headset-using base. This real utility for the token in driving participation and transactions within Victoria VR’s evolving metaverse has increased investor intrigue in the wider potential of its blockchain-based virtual world.

With exchange listing visibility being matched by platform usage growth, Victoria VR finds itself capturing significant crypto market mindshare – while VR benefits directly in the process.

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