Whales, the big investors in the cryptocurrency market, are taking advantage of the broad correction that has hit the entire crypto ecosystem and buying $RACA. According to data from WhaleStats, RACA was among the most traded tokens by the 100 largest whales on the BNBChain in the last 24 hours.
Whales’ appetites have helped drive $RACA trades past $14.3 million in the past 24 hours, according to data from the Coinmarketcap, and upped the $RACA marketcap to nearly $300 million. Furthermore, on average, the top 100 whales on Binance’s blockchain network purchased around 1,263,510 $RACA.
The strategy of taking advantage of a market downturn to accumulate a particular cryptocurrency is known as “Buying the Dip.” In this type of strategy, traders and large investors take advantage of the fact that a token is priced below the market and accumulate these crypto-assets because they know that the price will likely rise soon.
🏆 Top 10 purchased tokens by 100 biggest #BSC whales today
🥇 #BSC-USD @Tether_to
🥈 $BUSD @PaxosGlobal
4️⃣ $Cake @pancakeswap
5️⃣ $ZIL @zilliqa
6️⃣ $FAME @famemmatv
7️⃣ $DOME @Everdome_io
9️⃣ $EPS @ellipsisfi
🔟 $RACA @RadioCacaNFT pic.twitter.com/WhbEkmCZCv
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) May 7, 2022
Recently commenting on RACA updates and developments, top analyst Paul Brabus from The VR Soldier, one of the leading cryptocurrency sites on the market, listed RACA as one of the top 3 metaverse projects with a token price under 10 cents.
The analyst said:
“RACA has tremendous potential. It wouldn’t be surprising to see the project reach a $1 billion market cap during crypto’s next bull run.”
As part of its development, this Saturday, May 7th, RACA implemented several changes to USM Metavese that aim further to improve the metaverse platform of the RACA ecosystem. They have also teased an upcoming patch and in-game events.
Among the implemented updates are:
- u-RACA withdrawal supported.
- Sound toggle added.
- Download speed optimized.
- Special celebrity concerts.
- A unique land output system.
- Architecture integration and furniture decoration systems.
Furthermore, RACA CEO Jeff Watney recently announced that the USM Metaverse, RACA’s 3D Metaverse, will launch a builder system on May 20th, which developers, content creators, corporations, and users can use to develop their land within the USM Metaverse.
The RACA CEO highlighted that he believes developing your metaverse land should be as easy as building with legos. Having a system that’s easy to build with makes the system accessible to the general userbase.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency.