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MOCA Surges as Animoca Founder Announces Holiday Reward
In a stunning turn of events, the price of MOCA token has surged by a whopping 23% to reach $0.3076, defying the broader market downturn that has seen major cryptocurrencies such as Bitcoin and Ethereum plummet in value.
The sudden and unexpected surge comes after Animoca Brands founder Yat Siu announced a special holiday reward program for MOCA token holders. This move appears to have had a profound impact on the market, causing a significant uptick in the price of the cryptocurrency.
It’s worth noting that this recent performance is quite impressive given the bearish outlook across other major coins such as XRP and Solana, which have seen their prices drop by double digits over the past seven days. In contrast, MOCA has posted gains of 285.8% for the month, a stark contrast to Bitcoin’s 9.4% weekly price drop.
The holiday reward program announced by Siu outlines a two-stage distribution plan for MOCA token holders. The first stage will focus on rewarding early post-engagers and existing community members, while the second stage invites community suggestions for potential activation strategies.
The fact that MOCA has managed to buck the trend and surge in value despite the bearish market is a testament to the strong momentum behind this coin. Trading data shows MOCA maintaining strong momentum within a 24-hour range of $0.2589 to $0.3194, while the seven-day range extends from $0.1249 to $0.3267. At the time of writing, the token was trading at $0.3046.
This sudden and impressive surge serves as a stark reminder that even in times of market uncertainty, innovative moves by project leaders can have a profound impact on their respective tokens’ prices.
Source: cryptotale.org
