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

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

user avatar

by Giorgi Kostiuk

10 months ago


  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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Bitcoin Price Forecast: Can It Hit $130,000 by End of July?

chest

Analysis of the probability of Bitcoin reaching $130,000 by the end of July and factors impacting the cryptocurrency market.

user avatarGiorgi Kostiuk

Impact of Cryptocurrency and AI on Industry According to Robinhood's CEO

chest

Vlad Tenev, CEO of Robinhood, emphasizes that cryptocurrencies and AI will change all sectors.

user avatarGiorgi Kostiuk

Potential Impact of Seized Bitcoin Sale on UK Economy and Markets

chest

Rachel Reeves considers selling Bitcoin to address budget deficit, causing volatility in the cryptocurrency market.

user avatarGiorgi Kostiuk

Crypto Analysis: PUMP, BNB, and BlockDAG

chest

The crypto market showcases mixed sentiments: PUMP gains traction, BNB cools down, and BlockDAG offers a new approach to sales.

user avatarGiorgi Kostiuk

CoinDCX Suffers $44 Million Loss Due to Server Breach

chest

CoinDCX reports a $44 million loss from a breach while customer funds remain unaffected.

user avatarGiorgi Kostiuk

Ripple Introduces RLUSD and Its Impact on XRP and USDC

chest

The launch of Ripple’s stablecoin RLUSD sparks discussions on the roles of XRP and competition with USDC.

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.