RACA token rose from $0.0018 a $0.0021, a 20% increase in the early hours of Sunday morning. It continued to fall and is currently trading at $0.001831, an 8.27% decrease in the last 24 hours.
The coin’s price has been rising by 39.7% in the past 30 days. However, it has been falling over the recent past. Sunday is the exception. In general, the price of RACA has dropped by 17.9% over the last seven days.
Why did RACA surge and then quickly retreat after the surge? We will discuss all this in this article. Scroll down for more details.
Radio Caca (RACA) price movements
Before we take a deep dive into the price movement of RACA let’s first understand what it is.
Radio Caca is the native token of Universal Metaverse (USM) and it is also the exclusive manager of “Maye Musk Mystery Box” NFT.
The USM Lab created it. It is a 3D Planet virtual universe where users can create and play games, own lands and build buildings like art galleries and stores.
Let’s now dive into why the coin surged before the current drop.
There were three main reasons why the price of RACA surged on Sunday, and those are listing on major crypto exchanges and service providers, Radio Caca’s launch of NowPayment, and Rumors regarding Binance listing.
Rumors on Binance listing
Binance published a guide about how to purchase RACA on the exchange. Rumours began to spread. Not only did the price of RACA rise, but so did the number searches for the cryptocurrency.
— Radio Caca (@RadioCacaNFT) April 11, 2022
RACA ranked second among the most traded currencies that day, after being featured alongside GTM (and ApeCoin) on the trending search results.
Binance noted that the token was not yet available on their platform. Crypto enthusiasts are optimistic that RACA will soon be listed, as it has been with other cryptos.
RACA listing for major crypto exchanges and service providers
RACA has seen tremendous growth over the past week and major crypto exchanges and service providers have made it clear that they will be listing RACA. ChangeNow, Huobi Phemex and Huobi are just a few of the companies that have been mentioned.
Radio Caca also announced the sale of tokens in fiat pairs, such as UAH, USD and EUR. This is a major reason for the rise and a remarkable feat.
Fiat-to$RACA or #RACA-to-Fiat — doesn’t matter anymore because we’re here for you either way!💛
So let’s transform your business and enjoy the opportunities from both world!🌎🌐
— NOWPayments (@NOWPayments_io) April 11, 2022
The Bulls have lost their grip on the bears, but they are still dominant.
Radio Caca Metaverse’s tech team has made several announcements revolving around Web3.0 infrastructure over the last month, which resulted a sharp price increase towards the end.
These announcements included partnerships with some of world’s most prestigious universities, such as the University of Hong Kong and Cambridge University.
InvestorsOberver Analysts wrote the following:
“Radio Caca is $0.000691 (60.81%) higher than its 30-day low price of $0.001136761 while also -$0.000897 (-32.92%) lower than its high of $0.00272524 from the past month of trading. Meanwhile, RACA’s current price of $0.001828055 is above its average price of $0.001697834 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Radio Caca suggests that traders are currently bullish on the token.”