Yat Siu, founder of Animoca Brands, has announced a two-tiered reward plan for MOCA coin. The announcement of this giveaway, which was made in celebration of the Christmas holiday, caused excitement in the Web3 community, causing the token’s price to increase by 15%. This announcement continued the growth of MOCA price, while other cryptocurrencies such as FAI, GAME, and ALCH also saw significant increases. GAME and FAI recently attracted attention by reaching new all-time highs (ATH).
On December 23, Animoca’s founder announced a raffle that will reward early adopters who engage with the MOCA token and the broader Moca community. According to the announcement, the giveaways will be offered in two stages, with priority given to those who engage with the first post in the first stage. For the second stage, Yat Siu invited suggestions for creative engagement activities from the community. The Moca network, powered by Animoca, allows users to control their digital identities, monetize their data, and enable cross-platform interaction. The announcement also demonstrated the potential to bridge the Web2 and Web3 ecosystems.
Mocaverse is reshaping digital identity with its decentralized solutions. The giveaways announced by Yat Siu have rekindled interest in the token, sending its price up 15% in the last 24 hours. Additionally, after being listed on major exchanges such as Binance, Upbit, and Bithumb, the MOCA token has seen an impressive 350% increase in the past week. Currently trading at $0.288, the token has a market cap of $459 million and a 24-hour trading volume of $620 million.
According to SoSo Value, 692,000 MOCA tokens will be unlocked on December 27. While this may seem like a small percentage, token unlock events often capture market attention and can influence short-term sentiment. MOCA continues to solidify its place among the leading assets in the Web3 space with solid growth and significant developments. The Moca 3.0 update allows users to control their identity, monetize their data, and seamlessly interact between Web2 and Web3.
According to market data on December 23, AI projects have also seen a significant rise. FAI and GAME reached new all-time highs (ATH). FAI, an AI game project retweeted by Musk, increased by 9.1%, surpassing $200 million in market value. GAME, the Virtual Protocol ecosystem project, increased by 43.07% in 24 hours, and its market value exceeded $190 million. Finally, ALCH increased by 77.7% in 24 hours, bringing its market value to $53 million. ALCH’s total market value is currently at $53.72 million.