Non-Fungible tokens are no news already, but a big thing in the crypto word for sure. The NFT market grows exponentially showing weekly trade volume of $87M and correspondingly grows the interest in NFT art. Rarible is one of the NFT projects that faced a huge rise in popularity during 2021. In this article we will discuss what is Rarible and RARI coin and scrutinise Rarible price predictions for 2022, 2025 and 2030 to finally understand could Rarible be a good investment or not.
What Is Rarible?
Rarible is a marketplace, based on the Ethereum blockchain, where users can buy, sell and create NFTs (Non-Fungible Tokens). These NFTs come in the form of photos, videos or audio files which represent sole ownership of an asset on a blockchain.
Their native token, $RARI, was previously used to reward users who traded on the Rarible platform but after a community vote, is now used primarily used as a governance token. Hence, the token is directly linked to the platform and how much adoption the NFT marketplace sees as a whole.
There is a limited amount of RARI token available, capped at 250 million. After the vote removing RARI distribution, the platform has announced they will use the liquidity to fund new Web 3.0 projects.
|FOUNDERS||Alexei Falin and Alexander Salnikov|
|CIRCULATING SUPPLY||7,698,576.23 RARI|
|TOTAL SUPPLY||25,000,000 RARI|
|ALL TIME HIGH||$63.53|
Rarible Price Prediction 2021: How Was It?
RARI, as of April 2022 is currently being traded for $6.50, a price which has been slowly decreasing since 2021 where it hit a high of $45, followed by a drop to almost $5. Volatile price action has shown an inability to maintain a steady price as it consodolates under $10 consistently.
After reaching highs of $45 and $35 respectively in 2021, RARI has been trending downwards ever since, entering 2022 with a price of $16. However, starting 2021 with a price of $2 means a profit of 800% over the course of 2021 and 350% if investors are still holding RARI into April of 2022.
Is Rarible Down?
According to CoinMarket Cap, RARI is down almost 80% on its all-time high in 2021. However this all-time high happened during a strong bull-market cycle where we saw RARI go from $2 to $45 in a matter of two months.
Investors who brought RARI at the start of 2021 are still up over 300%, even as the token continues to trend downwards.
How Much Is A RARI worth?
Today’s price of RARI displayed real-time.
RARI Coin Price Prediction
Is Rarible a good investment looking forward into the future? Let’s see what the analysts have to say.
Rarible Price Prediction 2022
2022 will be a big year for Rarible as it attempts to further break into the NFT marketplace, disrupting other big players based on Ethereum such as OpenSea.
Analysts have predicted a maximum price for Rarible of $10.33 during 2022, which although puts investors up 60% from current prices it still leaves many investors, who bought close to all-time highs, under water.
Rarible Price Prediction 2025
Moving on in 2025, assuming Rarible continues to gain adoption and growing its userbase, analysts expect the price to reach a maximum of $30, close to its interim high in 2021 of $35.
A price of $30 would see investors realize a gain of 500% at current prices and almost break even if they bought close to recent highs. However, this is still a long-term commitment for many investors in the crypto world.
Rarible Price Prediction 2030
2030 is where the predictions of RARI begin to show high levels of promise. In 2030, RARI is speculated to hit a high of $180, putting it four times over all-time high prices and a massive 3000% return from current prices of $6.
To hit such a target, Rarible would have to reach a marketcap of $1.5bn which seems low in todays standards!
Rarible Price Prediction on Reddit
As Rarible is a relatively low market cap project, many Reddit users have mixed opinions on the price potential of RARI. For example, u/reliabledoge assumed that RARI was going to hit $200 by the end of the year, which clearly did not meet his expectations.
Other discussions about RARI have been positive, praising its peer-to-peer trading system. However, price predictions from the Reddit community have been few and far between.
Is Rarible A Good Investment?
In less then two years past its foundation Rarible has showed a ROI of around 800% and was traded fairly close to $100 mark – $63.53. At the same time, now (May 2022) being traded at 80% below its all-time high, Rarible and its possible profitability could raise questions.
To invest in Rarible or not – its is always a decision that should be made according to your preferences and market knowledge. Remember, that every investment action involves risk of loss and never put in trade more then you are willing to lose.
How To Buy Rarible For Crypto?
How to buy $RARI on Swapzone! (When available on any of supported exchanges)
Buy RARI at the lowest fees with more than 700 cryptocurrencies at the best rate on the market. On Swapzone, you can easily buy $RARI through a wide range of instant cryptocurrency exchange providers, review the providers, their offers, speed, and exchange rates.
- Select $RARI in the Send section.
- Enter the amount you wish to swap.
- Choose the crypto you’d like to get in the Get Up To section.
- Select an exchange offer to proceed with.
- Enter your wallet address to receive your exchanged crypto.
- Send your $RARI deposit to a generated address.
- Receive your crypto!