SuperRare (RARE) is expanding its market position as stable NFT market performance and trading activities indicate. Priced at $0. 2543, Therefore RARE has a cash balance of $2. Coefficient of 1. 60 over the last 24 hours ‘indicating that its has risen in value by 60%’ speaks volumes since it is operating in a fiercely competitive niche. This probably has to do with RARE’s price movement in the recent past and primarily its association with crypto market primarily in the NFT sector.
Market capitalization stands at about $178 billion at the time we wrote this report. As of October 2021, the circulating supply of this coin is about 39 million, ranking 200 of all the world crypto. This market cap gives solidity particularly given the fact that the market of NFT is still nascent even though it is well specialized.
Circulating supply of RARE till now is 701. 6 million tokens in total; it makes 70% of all token expressions in CMC. As the roadmap shows, XRP will be purchased instantly through open buy orders and will be used to fund business development this way: one billion tokens or 16 per cent. This means that still 30% of the total token supply is still out there waiting to be sold and can impact the price when these tokens get off the hand.
Among the main characteristics of RARE that can be characterized, it should be noted that the trading volume for 24 hours stood at $791. Five million and was ranked the tenth most active exchange. The proportions are brought out by the fact that F has extremely high turnover considering its market capitalization; the volume to market cap is 443. Trading Volume of 67% demonstrates that the token changes its place very often in the market. And especially taking into account that such turnover is higher than median, it indicates a very high interest of both traders and investors to RARE that made it one of the most liquid assets on the market.
For the current, fully diluted, the gross market capitalization of RARE is approximately $253. 26 million, in case where circulation of one billion tokens is reached. From this figure, one can get some idea as to the market capitalization in the event that all tokens are floated and can thereby, get an idea of what RARE has in future. Earlier on, in the current market capitalization and the fully diluted market capitalization, the former works to depict the remaining supply which could have an impact on RARE and its price once it is in the market.
The fact of being in the list of top 10 volumes speaks about its important role within the framework of the NFTs market. Besides, it contributes to the conclusion that the market is active and participates in trading, RARE is an asset with high demand – the world’s interest in NFT and the SuperRare platform is growing constantly. Level of activity like this helps in making RARE a crypto currency apart from being a ponzi coin by being used for transactions within its ecosystem and hence making it valuable.
Thus, it is possible to state that, by displayed fundamental and trading performance rates, SuperRare (RARE) is among the industry leaders. At the time of writing this the token increased in price, has a massive market cap and high volume trading all of which show a very healthy and growing market for this token.
At the time the market for NFT is on the rise, RARE has all the prospects that will let it occupy the niche and acquire the opportunities that are available in the industry hence consider valuable by investors who are interested in the NFT market. However, like any other ICO and cryptocurrencies, the investors who would wish to invest in should exercise caution and do their analysis on the investment opportunities available in .
