RARE is the native token of the most esteemed digital marketplace –SuperRare. Built in 2018, the NFT artwork showcases only the most elite and collectible worthy that are listed and minted by the creators.
The platform is home to some of the most eminent brands and artists from around the globe. The platform is solely focused on showcasing digital artworks only.
In 2021, the platform expanded its ecosystem by introducing its native token, RARE, which facilitates platform governance through a decentralized autonomous organization (DAO), giving the community a voice in its future direction.
Who founded SuperRare (RARE)?
SuperRare was founded by John Crain, Charles Crain, and Johnathan Perkins, who currently serve as the CEO, CTO, and CPO of the platform, respectively. Prior to launching SuperRare, they co-founded Pixura, a company dedicated to developing the crypto-collectible technology that powers SuperRare.
The platform is governed by a council that manages the Community Treasury using a 4-of-6 multisig wallet. In addition to the founders, the governance council includes:
- Nick Tomaino, Founding Partner at 1Confirmation
- Derek Schloss, Partner at CollabCurrency
- Serena Tabacchi, Founder and Curator
- Simon Pop, Community Strategy Expert
- Pindar Van Arman, OG Artist
RARE Token Snapshot
Current Trading Price: $0.2124
Market Cap: $149.31 mn (According to DefiLama)
Total Supply: 1,000,000,000 RARE
All Time High: $7.90, August 20, 2021
All Time Low: $0.0513 October 19, 2023
Volatility: 2.91
SuperRare (RARE) Token Price Analysis
The price of RARE starts with a significant upward movement, peaking around $0.40. The price corrects to a lower level, around $0.25, suggesting profit-taking by early buyers or a cooling off of the buying frenzy.
The RSI initially spikes above 70, reaching around 62.84, indicating that the asset was in an overbought zone. Currently, the RSI hovers around the 50 mark, indicating neither overbought nor oversold conditions, reflecting the consolidation phase in the price.
RARE peaked at around $0.40 resistance and found support at $0.20. Additionally, the current RSI at around 52.45 suggests that the market is in wait-and-see mode. Traders might want to watch for a breakout above the recent consolidation range or a breakdown below support for directional cues.
How to trade in RARE-USDT perpetuals?
You can trade in RARE token on Bitunix in three simple steps. If you are existing user, you can simply head to markets and choose RARE-USDT to start trading. Make sure your futures account is funded to carry out the trade.
If you are a new user and want to trade in RARE-USDT, all you have to do is open an account on Bitunix, complete your KYC and fund your futures account with USDT.
If you don’t hold crypto, you can buy directly from Bitunix’s third party on ramp crypto providers. You can buy crypto with your debit card, bank transfer or Apple Pay. You can buy your crypto from here.
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