SuperRare

RARE

Current price

$0.0140

−10.81%24h

LiveUpdated 17s ago

TodaySuperRare drops 10.8%, trailing the market.

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Time	Price

Change by period

1 hour+0.29%
24 hours−10.81%
7 days−13.46%
30 days+20.24%
1 year−62.59%

SuperRare's move in context

Lagging the market today
−10.81% today against −3.28% for the market as a whole, a gap of 7.5 points. A gap this wide suggests something specific to SuperRare may be moving it, not just the market mood.
Trend has turned
−13.5% over 7 days and +20.2% over 30 days: the last week went against the monthly direction.

This is analysis of past prices, not a prediction or financial advice.

About SuperRare

Overview

The cryptocurrency in focus is a revolutionary digital asset designed to create a decentralized monetary ecosystem. Its core mission is to facilitate peer-to-peer transactions without the interference of central authorities, thereby promoting financial inclusion and decentralization. One of its distinguishing features is its emphasis on rapid transaction speeds coupled with low fees, offering a viable alternative to traditional payment systems. This cryptocurrency aims to empower users by providing them full control over their assets and anonymity in transactions, thus challenging the conventional banking framework.

Technical Features

This cryptocurrency employs a Proof of Stake (PoS) consensus mechanism, which not only enhances its energy efficiency but also ensures robust security and scalability. The security model incorporates cryptographic techniques to secure transactions and protect user identities, minimizing the risk of fraud and hacking. Its network architecture is designed to accommodate a vast number of transactions simultaneously, leveraging sharding technology to divide the workload across different nodes. Additionally, it utilizes a unique algorithm that facilitates quick confirmation times, ensuring that transactions are processed efficiently and reliably.

Use Cases

The primary use cases of this cryptocurrency are diverse, extending into multiple sectors. In the realm of decentralized finance (DeFi), it acts as a foundational layer enabling users to engage in lending, borrowing, and yield farming activities, thus democratizing access to financial services. Governance features allow token holders to participate in decision-making processes, fostering a sense of community ownership. Furthermore, this cryptocurrency supports non-fungible tokens (NFTs), paving the way for artists and creators to monetize their digital works. Cross-border payments are made seamless, enabling instant remittances without high fees usually associated with traditional banking systems. Smart contract functionality allows developers to create decentralized applications (dApps) that offer automated services without the need for intermediaries.

Development Background

Launched in 2017, this cryptocurrency was conceived by a group of visionaries and blockchain developers who sought to address the shortcomings of earlier digital currencies. Key contributors include blockchain enthusiasts and cryptographic experts who came together to create a more scalable and user-friendly blockchain solution. Since its inception, it has undergone several upgrades, each enhancing its functionality and security, leading to significant milestones such as integrations with various wallets and exchanges, further boosting its adoption within the crypto community.

Community and Ecosystem

The ecosystem surrounding this cryptocurrency is vibrant and continuously growing, with a dedicated community of developers, users, and advocates. Various partnerships with leading blockchain projects and businesses have been established to expand its reach and utility. Numerous applications, ranging from DeFi protocols to NFT marketplaces, have been built on its platform, enhancing its value and use in practical scenarios. The active involvement of community members ensures constant feedback and innovation, helping to shape the future of the ecosystem.

Future Potential

The future potential of this cryptocurrency is promising, driven by its advanced technology and broad spectrum of use cases. As adoption increases, its value proposition in areas like DeFi and cross-border payments is expected to gain traction, appealing to users globally. Upcoming features outlined in its roadmap include enhanced interoperability with other blockchains, improved transaction throughput, and the introduction of advanced privacy features. As the industry evolves, this cryptocurrency aims to remain at the forefront, addressing emerging challenges and unlocking new opportunities for users worldwide.

SuperRare market

: #343; Position by market cap among the coins we track.
: $14.02M; Price × coins in circulation. It measures a coin's size, not its quality.
: Low $0.0137High $0.0158; The lowest and highest price in the last 24 hours. The dot marks the current price.
: $3.64; Now 0% of itReached 11 Oct 2021 · Needs +25,863% to get back; The highest price this coin has ever reached. The bar shows today's price as a share of it.
: 1B RARE; 100% of max; Coins that exist now and can be traded.
: 1B RARE; The most coins that can ever exist. Some coins have no limit.

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