SuperRare (RARE) is one of the top-performing tokens in the market during the day. The cryptocurrency increased by more than 30% in the past twenty-four hours. The token had earlier broken its uptrend during the week that had been going strong since the beginning of February. After a brief period of bearishness, the cryptocurrency has now continued its uptrend once again. At the time of writing, the cryptocurrency stands at a price level of $0.73. The daily trading volume has surged upwards by a staggering 1,300% which indicates towards the current hype around the token.
What is SuperRare?
The NFT market is, hands-down, one of the most popular and profitable segments of the broader crypto market and with ever-increasing popularity new projects are entering the realm to offer their unique services. SuperRare is one of the popular NFT platforms which offers NFT buying and selling services. What sets apart the platform is the fact that it boasts to be governed by artists, collectors and curators.
SuperRare is also one of the few platforms in the crypto market that are focusing on inclusivity. The platform recently launched the first exhibit of its series by the name of BlackRare which has been curated by a multidisciplinary artist in the digital space. The BlackRare collection will launch further editions every quarter where it will feature the works of new and upcoming black artists. This step is a major initiative towards making the digital art realm accessible to everyone. Moreover, it will also add value to the SuperRare NFT platform.
Future outlook
Projects and tokens in the NFT segment are expected to have a bullish outlook in the long-term regardless of their respective functionalities because of the value the technology is expected to impart onto various industries. However, gems like SuperRare have a very strong bullish outlook because of their value proposition. Being one of the premier NFT platforms, RARE token is expected to have a stable and growing future trajectory. According to the estimates of Digital Coin Price, the cryptocurrency is expected to be operating at a price level of $1 by the end of the year while the five-year price projection places the token at $2. PricePrediction.net is even more bullish on the token and expects the price to be trading near $8 by 2027. Although cryptocurrencies are highly volatile, the future outlook of SuperRare appears to be optimistic.
