SuperVerse (SUPER) Token Surges 17% in One Day Due to New Web3 Game Launch

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. SUPER Token Price Surge
  2. Reasons Behind SUPER's Rise
  3. Market Dynamics Analysis


    4. The SuperVerse (SUPER) token experienced a significant price increase of 17% in the past day. The primary reason for this surge is the upcoming launch of a new web3 action game on the platform.

    SUPER Token Price Surge

    The SuperVerse ([SUPER](https://www.coingecko.com/en/coins/superverse)) token has become the top-performing cryptocurrency among the top 300 digital assets by market value, increasing its price from $0.731 to $0.855. This is the highest the token has been since June 13, raising its market capitalization to $385 million, according to CoinGecko.

    Reasons Behind SUPER's Rise

    A key driver behind SUPER’s recent rally is the upcoming release of a new web3 public game on the SuperVerse platform, set to launch on September 12. The combat-focused territorial warfare game will offer 30 million tokens in rewards, sparking bullish sentiment around SUPER.

    Another factor driving SUPER’s price is the recent growth of TON Station, a web3 gaming platform by SuperVerse on The Open Network (TON) blockchain, which now has exceeded 6.3 million users. This has led to a 330% increase in trading volume within 24 hours, boosting the bullish momentum for SUPER.

    Market Dynamics Analysis

    Data from Coinglass shows that SUPER’s daily open interest jumped by 147%, reaching $28 million. This rise in trading volume indicates heightened investor activity, contributing to the ongoing rally.

    SUPER’s price has also broken above the upper Bollinger Band, which is currently at $0.8338, with the price standing at $0.8551. This breakout suggests strong bullish momentum as the token has surpassed the typical resistance provided by the upper band. SUPER has also moved above the 50-day Exponential Moving Average, with the Relative Strength Index nearing overbought territory.

    If the upward trend continues, traders should watch for a breakout above $0.90 with strong volume, potentially pushing the token toward $1.00. However, caution is warranted due to the overbought RSI, as this could lead to a potential pullback or consolidation phase. In case of a reversal, the middle Bollinger Band at $0.70 may act as the first support level.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

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.