SuperRare (RARE) spikes 170% in 7 days: Why RARE token is surging?

The native cryptocurrency of SuperRare NFT platform, RARE token, has surged over 170% in the past 7 days with breaking the price levels of $0.18 on leading crypto exchanges. 

According to crypto market data from Coinmarketcap, RARE token has surged over 75% in the past 24 hours and approximately 170% in the past 7 days.  

With this price uptrend, RARE token has become daily top gainer on leading cryptocurrency exchanges like Binance, Bybit, Coinbase, Gate.io and others. On these exchanges, the futures open interest (OI) for RARE token is increased over 200% in 24 hours.

RARE Price Analysis

RARE token is currently trading near $0.18 in live markets, up 65% in the past 24 hours. The all-time high for RARE price is $3.79 – which it marked on October 11, 2021. The price is down 95% since this all-time high level, which fuels the possibility that RARE price has the room to rise up in significant price action over the next weeks. 

What is SuperRare?

Established in 2018, SuperRare has rapidly emerged as a leading platform for NFTs & digital art. It has amassed over $300 million in total sales and empowered artists with $180 million in earnings. 

As a curated marketplace for on-chain art, SuperRare is dedicated to elevating the visibility and value of digital creations. With its early adoption of perpetual artist royalties, SuperRare ensures that artists continue to benefit from the resale of their work, fostering a sustainable creative ecosystem. 

The platform's commitment to decentralizing the art market is underscored by its innovative use of blockchain technology, making it a pivotal player in the NFT space.

Empowering Artists and Collectors with RARE Token and RareDAO

The RARE token is at the center of SuperRare’s mammoth growth. RARE token serves multiple utilities such as being a native currency for SuperRare marketplace, a unit for staking and reputation building as well as the governing token for RareDAO. 

SuperRare also leverages Rare Protocol to bridge the fragmented NFT landscape, enhancing the potential for digital art to revolutionize creative economics through on-chain innovation. By uniting artists and collectors in a decentralized environment, SuperRare is shaping the future of art in the digital age.