High level partnerships and a focus on using artificial intelligence and big data to find solutions to complex problems are backing VXV’s quiet climb to new all-time highs.
4:08
Vectorspace AI (VXV) flies under the radar to new highs as big data becomes the ‘new’ oil
ALTCOIN WATCH
“I’m in it for the tech,” is a phrase commonly used in the cryptocurrency ecosystem by many who want to express a deeper motivation for being involved with blockchain technology beyond the significant gains that are known to happen in the volatile asset class.
One project that has quietly climbed the charts without the need to jump on the decentralized finance (DeFi) or nonfungible token (NFT) trend is Vectorspace AI (VXV), a protocol building correlation matrix datasets capable of detecting hidden relationships in data and training artificial intelligence (AI) systems.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.71 on May 23, the price of VXV has skyrocketed 2,267% to a record high at $19.47 on Sept. 16 before experiencing a significant pullback alongside the rest of the crypto market.
VXV/USD 1-day chart. Source: CoinGecko
This week, the price action for VXV is once again on the rise as its 24-hour volume spiked 380% to $9.37 million on Nov. 11, resulting in an overnight price increase of 32.42% to an intraday high at $16.18.
The sudden boost in price and trading volume comes as VXV listed on the KuCoin exchange, the sixth-largest cryptocurrency exchange by trading volume.
4:08
Vectorspace AI (VXV) flies under the radar to new highs as big data becomes the ‘new’ oil
ALTCOIN WATCH
“I’m in it for the tech,” is a phrase commonly used in the cryptocurrency ecosystem by many who want to express a deeper motivation for being involved with blockchain technology beyond the significant gains that are known to happen in the volatile asset class.
One project that has quietly climbed the charts without the need to jump on the decentralized finance (DeFi) or nonfungible token (NFT) trend is Vectorspace AI (VXV), a protocol building correlation matrix datasets capable of detecting hidden relationships in data and training artificial intelligence (AI) systems.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.71 on May 23, the price of VXV has skyrocketed 2,267% to a record high at $19.47 on Sept. 16 before experiencing a significant pullback alongside the rest of the crypto market.
VXV/USD 1-day chart. Source: CoinGecko
This week, the price action for VXV is once again on the rise as its 24-hour volume spiked 380% to $9.37 million on Nov. 11, resulting in an overnight price increase of 32.42% to an intraday high at $16.18.
The sudden boost in price and trading volume comes as VXV listed on the KuCoin exchange, the sixth-largest cryptocurrency exchange by trading volume.