• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

RCADE Token: Sharp Decline After Listings on Binance and Other Exchanges

user avatar

by Giorgi Kostiuk

6 hours ago


The RCADE token, launched on the Arbitrum platform, faced a significant price drop after its initial debut on several major cryptocurrency exchanges.

RCADE Network's Launch on Exchanges

On July 9, the RCADE token was officially listed on Binance Alpha, marking the start of its trading. This was soon followed by listings on other platforms such as Gate.io, KuCoin, Bithumb, and Bitget.

Reasons for the Sharp Price Decline

The initial price of RCADE started at $0.0029 but fell by more than 30%, hitting an intraday low of $0.0018. This decline is consistent with the common pattern seen in early token launches, where airdrop recipients and early investors trigger active selling.

Hope for Token Recovery

Despite the initial decline, RCADE has shown signs of recovery, rebounding to a price of $0.0020. This suggests that some investors retain confidence in the project's fundamentals and are beginning to accumulate tokens, viewing short-term selling as a temporary market reaction.

The nature of token launches, as demonstrated by the case of RCADE, can lead to short-term price fluctuations. However, signs of recovery indicate some investors' long-term confidence.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Chinese Creditor Challenges FTX Payout Motion in Certain Jurisdictions

chest

Creditor Weiwei Ji has filed an objection against FTX's payout restrictions in China, representing about 300 account holders.

user avatarGiorgi Kostiuk

Robinhood Expands Staking Services for US Users

chest

Robinhood has announced the launch of Ethereum and Solana staking for US users with a minimal investment of just $1.

user avatarGiorgi Kostiuk

BIT Mining's Strategic Reorganization Towards Solana

chest

BIT Mining announced a shift to the Solana ecosystem aiming to raise $200 to $300 million for SOL purchases.

user avatarGiorgi Kostiuk

Crypto Market: Bitcoin Approaches ATH, Altcoins and Memecoins Surge

chest

The cryptocurrency market shows positive changes: Bitcoin tests $111,000, while altcoins and memecoins rise.

user avatarGiorgi Kostiuk

Native USDC and CCTP V2 on Sei: The Future of Cross-Chain Transfers

chest

Sei blockchain adds USDC and CCTP V2 support, enhancing interactions with the largest stablecoin and cross-chain transfers.

user avatarGiorgi Kostiuk

Analyst from Goldman Sachs Rates Nvidia and Other AI Firms as 'Buy'

chest

Goldman Sachs raises ratings for Nvidia and other AI companies, emphasizing growing investments and revenue potential.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.