SuperRare RARE/USD is an NFT marketplace designed to collect and trade unique, limited-edition digital artworks.
The idea here is that each network is authentically created through an artist in the network, where it then gets tokenized as a crypto-collectible digital item that buyers can purchase and own and eventually even trade.
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RARE is the native governance token that powers the platform, where token holders can govern the platform, allocate funds, and vote on proposed improvements.
The Binance listing as a catalyst for growth
On October 11, Binance made an announcement that SuperRare (RARE) would be listed.
They added support for specific trading pairs, including RARE/BTC, RARE/BNB/ RARE/BUSD, and RARE/USDT.
Users were given the opportunity to deposit RARE, and the trading pairs started at 06:00 (UTC).
Additionally, the team urged users to check and view the status on the withdrawal page, as the aforementioned one is just an estimation.
That said, SuperRare has $90 million of digital art collected and $3 million in artist royalties paid to date.
Specifically, with the introduction of SuperRare 2.0, the platform introduced web-scale curation, independently running storefronts and sovereign mining contracts where artists can mint, promote and sell their works.
Should you buy SuperRare (RARE)?
On October 11, SuperRare (RARE) had a value of $2.88.
To get a better perspective of the value point this token currently has, we will be comparing it to it’s all-time high value as well as its performance in September.
The all-time high value of the token actually occurred on October 11 as well, with a value of $3.64. This means that the value of the token dropped by $0.76 at the time of writing, which is a 20% decrease in value.
However, in terms of its performance in September, its highest point was on September 1, when the token had a value of $2.28.
However, its lowest point was on September 26, when the token dropped to a value of $0.89.
Here we can see that throughout September, the token dropped $1.39 or by 60%.
That said, we can also see that from September 26 to October 11, the token increased by $1.99 or 223% to get to the $2.88 value point.
The Binance listing has truly brought a high increase to the value of the token, and as such, buying it at $2.28 is a solid purchase.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- Capital.com, simple, easy to use and regulated. Register here >
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