Rare Market Analysis December 2021

$RARE/USDT is a token of platform SuperRare. Its price is around $1.07 by the time of writing, was at $0.3885 at the start of 2021, and has a market cap of 109 million dollars.

$Rare Market Analysis December 2021
$Rare Market Analysis December 2021

What is SuperRare?

SuperRare is a blockchain-based ecosystem created to help artists generate revenue from the marketplace with the world’s most valuable and rare digital NFTs. John Crain founded SuperRare in 2018. SuperRare aims to secure a percentage of secondary-market revenue for artists. 

The SuperRare platform is a marketplace where users can find and purchase art and collectables online. It is a social platform with an engineered content engine that enables anyone to become a SuperRare influencer. SuperRare uses blockchain technology to operate its authentication and verification system and the first auction platform for one-of-a-kind, limited edition items.

It provides a marketplace where items are bought and sold using cryptocurrencies. Websites and collectors can buy and sell vintage artwork from iconic artists.

What is $RARE?

$RARE/USDT is the coin of the SuperRare platform, which is around $1.07 by the time of writing which was at $0.3885 at the start of 2021. Its current ranking is #411 according to CoinMarketCap, with a market cap of 109 million dollars.

It reached a high of $3.79 in 2021 with a low of $0.3885. SuperRare is a decentralized collectable that lives on the Ethereum blockchain. The aim of $RARE is to be the new digital currency that will disrupt the marketplace while also being an asset that can be used for daily purchases.

The currency’s name is derived from “rare,” It is a symbol of rarity and exclusivity. While most cryptocurrencies hit the market with a bang, $ RARE’s journey is different. It was introduced to the world in a low-key manner through an unknown Twitter account tweet.

$RARE Token Market Analysis 

It has a max supply of 1,000,000,000 coins worth around $1.07 with a market volume of 33 million dollars, whereas the market capitalization is 109 million dollars.

RARE Price Prediction

On a daily timeframe, we can see that it has broken down its significant support where we can see it has retraced the 40% from the whereas we can see that all the EMA’s acting as a resistance right now.

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$Rare Token Price Prediction
$RARE Token Price Prediction

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Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.

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Pratyaksh