CARV Prices Explode 79% After being registered on various largest crypto exchanges

Bittime - The CARV token experienced an incredible price surge in the last 24 hours of 79%. Since its launch on October 10, the token's value has skyrocketed thanks to support from eight top crypto exchanges, which now offer CARV token trading.

Crypto exchanges such as Bybit, Bitget, KuCoin, HTX, and MEXC are among the major exchanges now trading this token. After launch, the price of the CARV token immediately rose, from a post-launch low of IDR 4,056 ($0.26) to over IDR 9,516 ($0.61). 

This increase occurred even though large coins such as Bitcoin and Ethereum were still struggling to rise. However, on the other hand, Uniswap recorded an increase in line with positive news from the Uniswap Labs team.

Although the CARV token experienced a slight decline after its peak, the price is currently around IDR 7,644 ($0.49), reflecting a daily increase of more than 79%. 

The daily trading volume of the CARV token reached more than IDR 346 billion ($22.2 million), with a market capitalization of around IDR 967 billion (IDR 62 million).

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What is CARV?

CARV is a decentralized platform that provides a physical infrastructure network with a focus on data privacy and modular identity. The main target sectors of this platform are the gaming industry, artificial intelligence (AI), and data monetization. 

This project has attracted market attention thanks to its integration with various games and AI startups, while also receiving investment support from a number of well-known venture capital firms.

Some of the investors who have supported CARV include Animoca Brands, OKX Ventures, Tribe Capital, and Vertex Ventures. In its Series A funding round, CARV raised IDR 156 billion ($10 million), led by IOSG Ventures and Tribe Capital. 

Apart from that, ConsenSys, HashKey Capital, and Fenbushi Capital also participated in this funding round.

CARV Ecosystem in the Game World

In the gaming ecosystem, CARV also introduces a mini game called Banana, which is the first game supported by CARV in the TON ecosystem. The game uses a "tap-to-earn" model, meaning players can earn profits through in-game interactions.

In addition, CARV has many partners in the gaming sector such as SHRAPNEL, Off The Grid, Pixelmon, Illuvium, and The Sandbox. This collaboration expands CARV's scope in the gaming world, enabling deeper integration with emerging gaming platforms.

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Not only in the gaming sector, CARV has also partnered with various other crypto ecosystems. These include BNB Chain, ZKsync, Ronin Network, Solana, and Polygon. 

This collaboration with a large network allows CARV to strengthen its position in the global crypto market as well as expand its range of use in the decentralized world.

Support from Venture Capital

Strong funding from a renowned venture capital firm provides confidence that CARV has a bright future. Firms such as Animoca Brands, known for their investments in the blockchain gaming sector, as well as OKEx Ventures, are providing significant impetus to the project. 

Tribe Capital and Vertex Ventures also provided capital to help CARV achieve its goal of dominating the modular identity and data privacy markets.

Conclusion

The surge in CARV token prices shows that this platform is in the spotlight in the crypto world. Especially with support from some of the top crypto exchanges and partnerships with strong gaming and crypto ecosystems. 

Despite some price adjustments following the sharp rise, the token's long-term prospects remain promising thanks to innovations in data privacy and integration with the gaming and artificial intelligence industries.

With strong venture capital support and collaboration with large ecosystems, CARV is on a good track to continue growing. Crypto investors and players need to pay attention to the development of this project, especially in terms of further integration with gaming and blockchain technology. 

In the future, CARV could become a key player in the blockchain-based modular data and identity industry, offering new opportunities for those who want to take part in this technological revolution.

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