Superverse (SUPER), previously known as Superfarm, has finally come into prominence after staying under the radar of most crypto investors. After the recent hype on social media and the project’s fundamentals, many analysts are bullish on the project.
However, after an exponential rally, the SUPER price is down 23% today. This decline comes amid a pullback in the BTC and ETH prices in the past 24 hours.
Superverse is an ecosystem of NFTs and Games. The project has developed the first-ever social deduction crypto game Impostors which is inspired by one of the most popular games in the industry, Among Us. Impostors is currently in its closed beta phase and is expected to be rolled out next year.
The recent bullish price action in the gaming altcoins can be attributed to the developing narrative of GameFi. Many analysts can be seen recommending gaming coins to their audience on Twitter and YouTube. While the industry seems to have a lot of potential, it still appears to be underdeveloped.
As I mentioned in my last analysis, Superverse price prediction is looking very bullish after a breakout above $0.22. The price is currently having a deep pullback as the leveraged longs are getting squeezed. However, as long as this level holds, SUPER crypto may keep performing well.
This post was last modified on Nov 27, 2023, 16:54 GMT 16:54