why can $CTK go up? this is the explanation!
The increase in the price of CertiK (CTK) coin on May 29, 2024, was largely due to positive news and developments surrounding the company. Some of the main factors contributing to price increases include:
1. **New Funding**: CertiK recently closed several significant funding rounds, including an $88 million fundraising that brought its total funding to $148 million in the last two weeks. This funding increases investor confidence in CertiK's ability to expand and improve its blockchain security services.
2. **Recognition and Partnerships**: CertiK continues to gain recognition in the industry as a leading provider of blockchain security solutions. Strategic partnerships and adoption of their technology by various blockchain projects have also helped raise the profile and value of their coins.
3. **High Trading Volume**: CTK's trading volume increased significantly, indicating higher interest and demand from traders. High trading volumes often contribute to rising digital asset prices.
With the combination of these factors, CertiK has been able to create positive momentum that pushed the price of its coin up by the end of May 2024.
