Binance supported the rebranding of Virtua (TVK) as Vanar, giving the project an upside impact
These days, when the crypto market is active with bullish expectations, the initiatives of the projects attract attention. Crypto projects have started taking advantage of the bullish sentiment and taking advantage of various initiatives.
Merit Circle, one of Binance’s Launchpool projects, hosted a nearly 50 percent increase after rebranding under the name BEAM. Another rebranding came from Virtua. Binance announced that it will support Virtua’s rebranding as Vanar. Virtua, like Merit Circle, has the potential to experience an increase.
Virtua (TVK) has the power behind it
Metaverse project Virtua (TVK) announced that it will launch a layer-1 blockchain and rebrand. Virtua will rebrand as Vanar (VANARY) to highlight its layer-1 blockchain and strengthen its metaverse structure. During the day, Binance announced that it will support Virtua’s rebranding.
Taking action with the Binance announcement, TVK increased from $ 0.048 to $ 0.054. Witnessing an increase of nearly 15 percent, TVK rang the bells of a potential rise.
TVK is eyeing a nearly 50 percent rise with its rebranding and blockchain initiatives. This potential rise can be attributed to the Circle of Merit. Merit Circle was rebranded as Beam (BEAM) and experienced a 50 percent increase in a short time.
TVK, which has a market value of 60 million dollars, can continue its rise if the market remains positive.
According to the Binance announcement, Virtua will be relisted under the name Vanar after November 27. The token of the project will be VANARY. Additionally, Virtua aims to create a faster blockchain.
Backed by strong arguments, TVK may continue its rise as long as the market remains positive and stays above $0.5162. TVK could continue a strong rise towards the $0.05509 resistance. Breaking this resistance point may push the TVK price to $0.05782. $0.05782 stands out as an important resistance point. A break of $0.05782 could trigger a sharp rise to the $0.06529 resistance. TVK breaking the major resistance at $0.06529 could push the price to $0.08407.
This rise is in a position with potential. Binance’s support, new initiatives and the increase in the project’s social activities stand out as important factors.
On the other hand, TVK may decline as the market turns negative. TVK, which has currently reached the $0.051 region from $0.020 levels, may test the support points if it encounters selling pressure. While $0.04660 stands out as close support, $0.04313 comes along with it. If these two support points are lost, TVK may retreat to the major support point at $0.03410.
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