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MOCA Surges as Animoca Founder Announces Holiday Reward
The cryptocurrency market has been experiencing a downturn in recent days, with major coins such as Bitcoin and Ethereum declining significantly. However, amidst this bearish outlook, the MOCA token price has defied expectations by surging 23% to reach $0.3076.
This remarkable upswing comes following an announcement by Animoca Brands founder Yat Siu regarding a special holiday reward program for MOCA token holders. The program is designed to recognize and strengthen community engagement during the project’s early development phases, with the first stage focusing on rewarding early post-engagers and existing MOCA community members.
The timing of this surge is particularly noteworthy as it occurs in contrast to the declining prices observed among other major cryptocurrencies. Bitcoin has experienced a 9.4% weekly price drop, while Ethereum has lost 15.5% over the same period. Additionally, XRP and Solana have also seen their prices drop from single to double digits.
Despite this bearish outlook across top coins, MOCA’s token price continues to show strength, with a 38.1% gain over the past week. The monthly performance has seen an impressive 285.8% increase.
The holiday reward program appears to be part of Animoca’s strategy to strengthen community engagement and recognize early adopters who have supported the project from its inception.
Source: cryptotale.org
