RARE (SuperRare) rose 11.23% in 24 hours

Gate News Bot news, on November 20, according to CoinMarketCap data, RARE (SuperRare) is currently priced at 0.03 USD, with an 11.23% rise in the last 24 hours, reaching a high of 0.03 USD and a low of 0.03 USD. The current market capitalization is approximately 25.9 million USD, an increase of 2.62 million USD 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 yield of 57%. $RARE supports the growing market, community, and the tool network for creators and collectors. Each project generates returns for stakers.

Important news about RARE recently:

1️⃣ SuperRare platform suffers from security vulnerabilities The SuperRare NFT platform recently experienced a security vulnerability that led to the illegal acquisition of some RARE tokens. This incident has raised concerns in the market regarding the security of NFT platforms, which may impact the short-term price performance of RARE tokens.

2️⃣ Digital art market continues to rise With the continuous expansion of the digital art market, the potential application scenarios for RARE, as a token supporting the digital art economy, are constantly increasing. This trend may bring long-term rise momentum for RARE.

3️⃣ Staking yield remains attractive The annualized yield of RARE token staking remains at a high level, which may attract more investors to participate in staking, thereby reducing market circulation and providing support for the price.

From a technical perspective, RARE has recently broken through the previous consolidation range, showing some rise momentum. However, considering the overall volatility of the cryptocurrency market, investors still need to be cautious about potential pullback risks.

This message is not to be taken as investment advice; investments should be made with caution regarding market volatility risks.