SuperRare ($RARE ) is still on fire, surging over 70% today š alone and a whopping 250% in the past week. This digital art marketplace is undeniably gaining traction. š„š
However, let's dig a little deeper. Despite the impressive price action, there were only 35 sales totaling around $24K on the #RARE platform in the past week. š¤® This suggests that the price increase might be signals of market manipulations. š¤
Furthermore, the broader NFT market is still struggling. Overall NFT sales have dropped significantly since their peak in December 2023. š©ļøš
While RARE's surge is exciting, it's crucial to approach it with caution (we insist!!). šThe current market conditions and limited trading activity on the platform raise concerns about the sustainability of this price rally. š¤
What do you think about RARE's recent price surge? š¤· Is it a sign of a long-term trend or just a short-lived pump? DYOR! #Altcoins #LowestCPI2021
