TVK coin price prediction: Is it worth investing in?

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TVK’s price has been on a general downtrend since last year. But will it rise again?

The logo of the Terra Virtua Kolect (TVK) coin                                 
TVK coin is currently hovering around the $0.09 mark. But could the NFT token rise again? – Photo: Terra Virtua
                                

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Terra Virtua is combining NFTs with an immersive experience to hook potential users. Collectors can create their own ‘Terra Dome’, or art gallery, to show off their NFT collectables. Yet this has not been enough to convince investors to flock to its native token. 

Last year, Terra Virtua Kolect (TVK)’s price hit record highs of $1.15 on 13 March 2021. It has since been on a long-term downtrend that culminated in a new all-time low in May 2022. While it is currently up in the short term, not all forecasters think it can sustain this. 

What is TVK coin?

TVK coin – not to be confused with the Terra and LUNA coins – was created alongside the non-fungible token (NFT) marketplace Terra Virtua to reduce transaction fees. Terra Virtua’s aim is to create an immersive NFT experience where users can show off and interact with their collectibles.

As well as a payment option, users are encouraged to stake TVK, for which they are rewarded with prizes. The four-tier ’Prestige’ system gives different perks to users depending on the amount of TVK they are holding. It starts at TVK 5,000 and goes up to TVK 125,000. The rewards include access to exclusive NFTs, town hall meetings with the CEO, and monthly drops of free, random collectibles.

The story so far

Although past performance is no guarantee of future results, it’s worth looking at TVK’s price evolution to gain some context for its current position.

The TVK coin launched on 16 December 2020 at $0.06. The following day it dropped below its launch price. The price of TVK kept falling after that until it reached its all-time low of $0.03 on 23 December 2020.

It started to pick up over the first two months of 2021, with the price hovering around the $0.10 mark. Then Binance announced that it would be launching a new staking activity with TVK tokens starting on 6 May 2021, which would operate on a first-come, first-serve basis. Users would be able to lock their stakes for a set period of time and receive daily interest payments in return.

TVK soared as a result, reaching $0.81 on the day after the announcement.

TVK reached its all-time high of $1.15 on 15 March 2021, after trailing the launch of NFTs from the Netflix show Pacific Rim: The Black. The launch of these collectibles coincided with the release date of a related anime series.

After setting a new high, the price fell throughout the rest of March and April, hitting the low of $0.30 on 24 April 2021. At the beginning of May, Terra Virtua announced new interactive elements, which allowed users to view each other’s collectibles. It later named these digital  spaces ‘Fancaves’ and ‘Terra Domes’. After this announcement, which came on 2 May, the price spiked upwards to $0.64.

TVK soon started falling again and it has not reached its May 2021 price since. It did momentarily spike upwards in August when Terra Virtua announced the Prestige rewards system. On 6 August 2021, it climbed to $0.47 and stayed around the $0.30 mark for the rest of the month, before resuming its downward trend.

November saw some recovery for the coin, as it seemed to profit from the metaverse hype. It also launched 3D versions of the much-demanded Bored Ape Yacht Club NFTs. TVK peaked at $0.54 on 25 November 2021. Yet it eventually resumed its bearish trend.

So far, 2022 has not been an easy ride for the Terra Virtua token. It stooped below $0.20 in January, coming close to the $0.10 mark.

This trend has continued with TVK into the recent months. After the collapse of Terra (LUNA), a completely seperate DeFi project with the same name, the Terra Virtua token dropped below its CoinMarketCap launch price for the first time since 2020. It stooped to its all-time low of $0.025 on 12 May 2022.

It has climbed slightly since then. At the time of writing, on 20 June 2022, it is hovering at $0.032 and is up 5% in a recent seven-day peroid. 

So what is the latest TVK crypto price prediction?

TVK coin price prediction

WalletInvestor has described TVK as a “bad long-term (one-year) investment”. Its TVK coin price prediction for 2022 is for the coin to drop below $0.01 and finish off the year at $0.003. According to the site, the coin will stay around the same value for the next few years, following the same pattern of peaks and troughs. 

Another TVK coin price prediction comes from Gov.capital, which describes the coin as a “bad portfolio addition”. It projects the coin to be worthless by the end of the year

DigitalCoinPrice, on the other hand, forecasts a long-term upwards trend for the token. It predicts the price will climb to about $0.04 in 2022. The site’s TVK coin price prediction for 2025 averages out at $0.06, forecasting that the coin will reach $0.15 in 2030. It also describes TVK as a “profitable investment”.

FAQs

WalletInvestor predicts a downward trend for the rest of 2022. On the other hand, DigitalCoinPrice thinks there is a profit to be made, with the coin ultimately reaching $0.15 in 2030.

Remember, however, that analysts are frequently wrong, so you should always do your own research before investing.

It might, but it might not. DigitalCoinPrice predicts the Terra Virtua coin price will increase over the next eight years, but WalletInvestor forecasts a bearish trend for TVK.

Whatever you decide to do, make sure you don’t invest more money than you can afford to lose.

Currently, TVK is not listed on Currency.com, although there are other exchange platforms – Binance, BitMax, Uniswap and others – that let you trade the coin.

While you cannot trade TVK on Currency.com, you can buy other crypto on the site by using contracts for difference (CFDs) – a derivative instrument that lets you trade the difference between the contract’s opening and closing price. Make sure that you understand how CFDs work before trading.

Further reading

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