Yat Siu, founder of Animoca Brands, unveiled the two-tier reward plans for MOCA coin. A gift as part of the Christmas holiday celebrations. Siu emphasized celebrating the success of the Moca Network launch, despite falling short of 2000 retweets for his July post. The announcement fueled excitement in the Web3 community and led to a 15% increase in the MOCA price as the token continued its impressive monthly growth. On the other hand, the cryptocurrencies FAI, GAME and ALCH also rose. GAME and FAI recently reached an all-time high (ATH).
Animoca founder’s MOCA coin announcement boosts price
On December 23rd, Animoca’s founder announced a MOCA token giveaway, rewarding early engagers and the wider Moca community. According to the announcement, the giveaways will be offered in two phases, with the first phase prioritizing those who engage with their first post. For the second phase, Yat Siu invited suggestions from the community for creative engagement activities. Powered by Animoca, the network allows users to control their digital identity. It also enables them to monetize data and enjoy seamless cross-platform interactions. The announcement also revealed its potential to bridge the Web2 and Web3 ecosystem.
Mocaverse is reshaping digital identity with its decentralized solutions. The Animoca founder’s recent giveaway announcement sparked renewed interest, sending the token price up 15% in the last 24 hours. The MOCA price has surged an impressive 350% in the last week following its listing on major exchanges such as Binance, Upbit and Bithumb. Currently trading at $0.288, the company has a market capitalization of $459 million and a 24-hour trading volume of $620 million.
According to SoSo Value, 692,000 MOCA tokens will be unlocked on December 27. While a relatively small percentage, token unlock events often attract market attention. Potentially affecting short-term sentiment. With solid growth and significant developments, it continues to solidify its position as a leading Web3 asset. Meanwhile, the network’s latest update, Moca 3.0, allows users to check their identities, monetize data and interact seamlessly between Web2 and Web3.
Other altcoins also rose
On the other hand, according to market data from December 23, some AI project tokens rose today. FAI and GAME reached new all-time highs. FAI, the AI gaming project once retweeted by Musk, is in the spotlight with an increase of 9.1%. It is also celebrating its market capitalization exceeding $200 million. In addition, the Virtual Protocol ecosystem project GAME attracted attention with a 24-hour increase of 43.07 percent. This saw its market capitalization surpass $190 million. Finally, ALCH saw its market capitalization surpass $53 million with a 24-hour increase of 77.7%. Its total value is currently at $53.72 million.
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