Moca Network Moca Token Price Skyrockets Over 300 After Exchange Listing. Should You Invest?

MOCA, the native cryptocurrency of the Moca Network - a decentralized protocol that combines blockchain technology with culture - has seen its price skyrocket by 370 earlier today. The surge follows reports that leading South Korean crypto exchanges have listed the token on their platforms in the Korean won KRW pair.

Upbit and Bithumb, two of the largest crypto trading platforms in the country, announced they will list MOCA on the spot market. This triggered a massive positive market sentiment for Moca Network among investors, causing its price to spike.

Users can trade MOCA in KRW, BTC, and USDT spot pairs on Upbit, starting at 1400 KST on December 16. Deposits and withdrawals of MOCA are currently only available on Ethereum. Meanwhile, on Bithumb, the token can be traded in the KRW pair on the Ethereum blockchain. The token's base price will be 136 KRW, approximately 0.095.

MOCA is a cryptocurrency associated with the Mocaverse ecosystem, which aims to bring various industries, such as music, sports, gaming, and education, onto a decentralized blockchain ecosystem. The protocol aims to foster a unique cultural and economic landscape by bridging real-world assets with the virtual asset market.

Currently, the blockchain offers an NFT collection that allows users to engage with various projects and investments within the ecosystem, reflecting the values around web3 and digital property rights, and supporting cross-chain transactions, enhancing its usability and interoperability with different blockchains.

MOCA serves as a utility and governance token on the Moca Network. It is used as the primary means of paying for goods and services in the ecosystem, such as digital purchases, gameplay improvements, and token minting.

MOCA was changing hands between 0.08 and 0.41 today, while its trading volume shot up more than 600 over the last 24 hours, indicating massive interest in the asset among traders. Futures open interest OI in the token climbed almost 1,000 in less than four hours and 1,250 since yesterday. The 134.26 million futures OI is now worth 33.27 million, signaling support for further upside price movements.

According to data sourced by on-chain analytics firm Lookonchain, two wallets have deposited 9.5 million MOCA tokens valued at 3.55 million to Bybit. It is possible that both wallets were owned by the same whale, who is looking to make a massive profit on the token.

Total Supply 8,888 trillion MOCA

Market Capitalization 350.22 million

24-Hour Trading Volume 1.21 billion

Circulating Supply 1.54 billion MOCA coins

Fully Diluted Valuation 2.01 billion

At the time of writing, MOCA is trading at 0.2224 - up 154.74 in the last 24 hours. Based on its current market value, we have projected the minimum, average, and maximum prices at which the token could change hands next year.

Keep in mind that the numbers given below are purely speculative, and could change depending on the market performance of MOCA and the Moca Network.

Based on Coincodex data, the general market sentiment for MOCA's price is "Bullish", with 22 technical indicators signaling bullish signals, while only 1 signaled a bearish signal. As per the classic pivot point P1 on December 16, the support levels for MOCA are 0.0896, 0.0822, and 0.0784, and the resistance levels are 0.1008, 0.1045, and 0.1120.

Here are the exchanges where you can buy, sell, and trade MOCA tokens

Uniswap V2

ByBit

Upbit

Bitget

KuCoin

HTX

MEXC

Gate.io

BingX

BitMart

MOCA is a crypto project backed by Animoca Brands, the premier blockchain-gaming company in the crypto market behind a vast number of popular play-to-earn crypto games. The token has been listed on South Korean exchanges Upbit and Bithumb, which projected its price by 370 in less than 24 hours.

Moca Network is experiencing a major bull run as investors eagerly await its products and services. Futures' open interest in the cryptocurrency is currently valued upwards of 30 million, while whales are taking advantage of the hype by moving significant amounts of tokens out of exchanges. All things considered, I would recommend MOCA as a credible investment for quick short-term gains and long-term value.

As is the case with every cryptocurrency, MOCA is also prone to the extremely volatile nature of the crypto market. Therefore, it is crucial to do due diligence before making any investment decision on MOCA or the Moca Network.