RARE (SuperRare) rose 8.64% in the last 24 hours.

Gate News Bot News, on August 28, according to CoinMarketCap data, as of the time of writing, RARE (SuperRare) is currently priced at $0.06, with a rise of 8.64% in the last 24 hours, reaching a high of $0.06 and a low of $0.05. The current market capitalization is approximately $48.9 million, an increase of $3.89 million compared to yesterday.

Important news about RARE recently:

1️⃣ SuperRare platform security incident raises concern Recently, the SuperRare NFT platform has suffered from a vulnerability exploit, resulting in a certain amount of RARE tokens being illegally extracted. This incident has raised concerns in the market regarding the platform’s security, which may impact the short-term price trend.

2️⃣ The overall recovery of the NFT market drives RARE rise As the sentiment in the cryptocurrency market improves, there are also signs of a recovery in the NFT sector. As a well-known NFT platform token, RARE benefits from the overall trend in the industry, with a noticeable rise in price.

3️⃣ SuperRare ecosystem continues to develop The SuperRare platform continues to promote the construction of its ecosystem, including the onboarding of new artists and cross-industry collaborations, which helps to enhance the platform’s activity and token demand. These long-term development strategies provide support for the price of RARE.

From a technical perspective, RARE has shown a strong rise after breaking through previous resistance levels, but it also faces short-term correction risks. Investors need to closely monitor the subsequent developments regarding platform security issues and the overall direction of the NFT market.

This message is not an investment advice; investors should be aware of market volatility risks.