RARE (SuperRare) rose 14.14% in 24 hours

Gate News Bot news, on October 15, according to CoinMarketCap, as of the time of writing, RARE (SuperRare) is currently priced at $0.04, having risen 14.14% in the last 24 hours, with a high of $0.05 and a low of $0.01. The current market capitalization is approximately $34.8 million, an increase of $4.31 million compared to yesterday.

$RARE is an art token that powers the digital art economy. Holding $RARE allows you to bet on the rise of the art market. Staking it can earn rewards, with an initial annual interest rate of 57%. $RARE supports a growing network of markets, communities, and tools for creators and collectors. Each project generates income for stakers. The $RARE network includes multiple platforms such as SuperRare, Transient Labs, and 24 Hours of Art. The total supply is 1 billion RARE, with a fixed maximum supply and no inflation. Currently supported chains include the ETH mainnet and Base.

Important recent news about RARE:

1️⃣ Digital art market demand rebounding RARE, as a representative token of the digital art economy, its price rise reflects the market's renewed attention to the field of digital art. As the NFT market gradually recovers from its slump, art-related NFT projects have regained favor among investors, driving the demand for RARE tokens up.

2️⃣ High Staking Yield Attracts Investors The RARE token currently offers a starting annualized staking yield of 57%, which is highly attractive in the current market environment. Investors can not only earn stable returns by staking RARE but also share in the growth dividends of the digital art market, enhancing the liquidity of the token.

3️⃣ Multi-chain deployment expands ecosystem scale RARE has now been deployed on the Ethereum mainnet and the Base network. The multi-chain strategy helps to expand its ecosystem scale and user base. This cross-chain layout enhances the accessibility and usability of RARE, providing new momentum for its value rise.

From a technical perspective, RARE has shown a strong pump after breaking through previous resistance levels, and it may continue to maintain an upward trend in the short term. However, considering the volatility of the digital art market, investors still need to closely monitor market changes and view price movements rationally.

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