Moca has seen a 20% surge in the past 24 hours amid Yat Siu’s announcement of a two-stage holiday giveaway.
The price of Moca Coin MOCA $0.30 24h volatility: 7.1% Market cap: $479.87 M Vol. 24h: $117.75 M , the primary token powering the Mocaverse blockchain ecosystem, has seen a 20% surge in the past 24 hours. This jump coincides with Animoca Brands founder Yat Siu’s announcement of a two-stage holiday giveaway.
The Monday-announced initiative is a part of Animoca’s celebration of the Moca Network’s successful launch. His giveaway strategy involves rewarding loyal Mocaverse community members. In particular, the first stage will focus on those who interacted with his July X post, announcing the giveaway. For the second stage, Siu is seeking help from the community to suggest interesting engagement activities.
The crypto community has shown overwhelming support for the initiative, with many X users expressing that the MOCA token is highly undervalued and holds immense growth potential.
Siu’s move highlights the broader vision of Mocaverse: bridging the Web2 and Web3 ecosystems by enabling users to control their digital identities while monetizing data.
The giveaway initiative has also increased the community’s interest in MOCA, which launched in April through MocaList. It has pushed the token to a current trading value of $0.3076, contributing to its strong 288% monthly gain.
As per the latest data by CoinMarketCap, MOCA’s market cap now stands at $480 million, surging five times in the past month. The token currently stands at the 214th spot in the list of largest cryptocurrencies.
Interestingly, MOCA recorded a 370% rise last week following its listings on Binance and South Korean exchanges Upbit and Bithumb. At the time, the token achieved its all-time high of $0.4261. However, after a brief rally, the token stabilized around $0.12 before surging to its current levels.
Notably, technical indicators currently suggest the possibility of a near-term correction. According to TradingView, RSI reads a value of 77, which means that the altcoin is overbought, and in such a scenario, the chances of a correction in the near future increase. Meanwhile, the downward gradient of the RSI line also suggests a sign of a pause in the upward trend.
Further market attention is expected on December 27, when 692,000 MOCA coins are set to unlock. While this represents a small fraction of the total supply, token unlock events often influence short-term sentiment.
The Mocaverse ecosystem continues to grow with its latest upgrade, Moca 3.0, offering users enhanced control over digital identities, data monetization, and cross-platform interactions. Yat Siu recently noted the MOCA’s potential to drive mass Web3 adoption, further bolstered by his company’s plans to go public in Hong Kong or the Middle East by early 2025.
MOCA’s price trajectory offers a glimpse into the evolving Moca Network. The token seems to continue to play a crucial role as a utility token for the decentralized ecosystem.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
