Founded in 2018, SuperRare is a leading curated online art marketplace with over $300 million in total sales (of which $180 million is earned by artists). As an early champion of perpetual artist royalties, SuperRare is working to improve discovery and decentralize the art market.
🧱 Fundamentally:
The core of SuperRare is the RARE token, offering utility as a currency in the market, a staking-based reputation system, and DAO governance rights.
SuperRare is operated by token holders $RARE through RareDAO and sits atop the Rare Protocol, an ecosystem focused on unifying the currently fragmented NFT landscape to enhance the industry's ability to revolutionize the economy of human creativity through on-chain innovation.
🛠 What about technical analysis?
The coin was listed on major exchanges during the height of the 2022 bear market. From historical highs, the coin fell by -98%. Starting October 2023 A large volume began to enter the coin. On the weekly time frame, the RSI has already entered the overbought zone (84). The risks of a short-term correction are high here, but the growth potential here is also great. At the moment there are 2 strong support levels: $0.09 and $0.06 - these levels will only be tested in case of severe stress in the market. It makes no sense to place a stop on a trade, since it can be easily taken away. Enter into a trade with a reasonable size.
💼 Buying SuperRare for your average daily portfolio.
🔎 Ticker: $RARE/USDT
✳️ Entry price: $0.17
🛡 Stop loss: it is better to take a deal without a stop in investment
💼 Volume per transaction: up to 2% of the crypto portfolio.
🎯 Objectives:
$0.36 (in the coming months);
$0.94 (until the end of September 2024)
$2.5 (until the end of 2024)
📈 Transaction growth potential: up to 1200%
A medium-term portfolio will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
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