After a week of impressive gains, when the RACA token registered an appreciation of almost 30%, rising from $0.0002095 to $0.0002772, reflecting a significant increase in investor interest and trading activity, market analysis highlights that there are further opportunities for growth.
After weeks of fluctuation around a critical support line, the expected strong rebound finally occurred. As highlighted by analyst Xiao Liang, the recovery points, marked by the white arrows, correspond to the Stoch RSI turning points, suggesting that RACA is ready to take off again.
Another point that favors RACA is that in the first quarter of 2024, the venture capital sector in blockchain games, part of the RACA ecosystem, recorded financing of US$594 million, an increase of 94% compared to the previous quarter, according to with data from Konvoy Ventures. Business volume increased by 28%, with 124 deals closed.
Ecosystems like RACA have driven the Web3 industry, representing 30% of all DApp activity, according to DappRadar. Last week’s impressive performance demonstrates RACA’s continued potential to attract investors and increase its relevance in the cryptocurrency and blockchain gaming market.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community
