RARE (SuperRare) has pumped 25.36% in 24 hours.
Gate News Bot news, on August 5th, according to CoinMarketCap data, as of the time of writing, RARE (SuperRare) is currently reported at 0.06 USD, with a 25.36% rise in the last 24 hours, reaching a maximum of 0.07 USD and a minimum drop to 0.05 USD, with a 24-hour volume of 163 million USD. The current market capitalization is approximately 51.6 million USD, an increase of 10.4 million USD compared to yesterday.
Recent important news about RARE:
1️⃣ RARE token experiences a strong rebound after a significant correction The price of the RARE token has shown a significant rebound after experiencing a deep correction in the earlier stage. This round of rise has exceeded 50%, indicating an improvement in market sentiment. However, such a rapid increase also raises the risk of a short-term correction, and investors should remain vigilant.
2️⃣ Increased activity in the NFT market boosts the recovery of the RARE ecosystem As the native token of the NFT trading platform SuperRare, the price performance of RARE is closely related to the overall activity level of the NFT market. Recently, the NFT trading volume has seen a rise, bringing favorable support for the RARE token. The increase in the trading of unique artworks on the platform helps to enhance the utility value and demand for RARE.
3️⃣ RARE Evo blockchain event is coming soon The RARE Evo blockchain event is expected to take place in 2025, and this event may bring more attention to the RARE token. The event is anticipated to showcase the latest developments and innovations of the SuperRare platform, potentially attracting more artists and collectors to join the ecosystem.
From a technical perspective, the RARE price has broken through the previous downtrend line, but it is still necessary to pay attention to whether it can stabilize and break through key resistance levels. Fundamentally, the user growth and volume of the SuperRare platform will be key factors affecting the long-term value of RARE.
This message is not intended as investment advice, and investors should be aware of market volatility risks.