Why did $RARE coins suddenly take off? Understand the tricks behind this market trend!
Recently, RARE has been skyrocketing like a rocket, mainly due to these few factors:
1. Big players backing + real investment
Gaming giant Animoca Brands invested 50 million USD, directly integrating RARE into its game matrix Ubisoft, the one that makes Assassin's Creed, is planning to integrate RARE into 3 new games, allowing purchases of equipment and trading NFTs in the future.
2. Token economy in action
Implemented a "dual burn" strategy:
✓ 30% burned on each transaction
✓ 20% of the game's earnings must be used for buybacks, with interest rising to 38%, and major holders are locking in profits.
3. Exchanges making moves
RARE has been listed on Binance spot trading, achieving a trading volume of 800 million USD on the first day, with market makers reducing the buy-sell spread to 0.8% (almost no slippage).
4. Market sentiment exploding
Funds are flowing back into the entire GameFi sector, RARE is reaping big profits while shorts are being hit hard, with a loss of 15 million USD in one night.
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