Why is metaverse developer Radio Caca (RACA) crypto gaining attention?

April 20, 2022 08:22 AM PDT | By Versha Jain

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Why is metaverse developer Radio Caca (RACA) crypto gaining attention? — Image source: © Kanawat | Megapixl.com

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Highlights

Radio Caca (RACA) is a Decentralized Autonomous Organization (DAO) and metaverse developer for USM.

The project offerings include Universal Metaverse (USM) and the P2E blockchain game Metamon.

Radio Caca is listed on the Kucoin crypto exchange and is airdropping 2,000,000 RACAs to celebrate the listing event.

The Radio Caca (RACA) token has been drawing attention after announcing critical updates, including its listing on the Kucoin crypto exchange. RACA will start trading at 08:00 am UTC on April 21.

Radio Caca has also announced airdropping 2,000,000 RACA tokens to celebrate the listing event. A total of 1,000 random lucky winners will receive 2,000 RACA tokens each.

To participate in the draw, one must follow Kucoincom and RadioCacaNFT on Twitter and retweet its airdrop message tagging three friends, besides filling out a participation form.

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Radio Caca’s 24-hour trading volume soared nearly 88% to US$52.29 million after the updates. The token was priced at US$0.002006, up 10.98%, at 8:39 am ET on Wednesday.

Another reason for Radio Caca’s price gains could be the involvement of American rapper, songwriter, and entrepreneur French Montana, who sang the hit song“ Choppa Choppa Down”.

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Montana has invested in Web3 and NFTs and is an official partner of Radio Caca. He supports Web3 and has plans to release his next album ‘Montega’ as an NFT through Radio Caca.

He is also the co-founder of USM Labs Inc., the company behind Radio Caca. He revealed this in a Twitter message to Julianne Moore on April 12.

What are USM and Radio Caca?

Radio Caca is a Decentralized Autonomous Organization (DAO) and metaverse developer for USM. The USM Lab is the creator of the Universal metaverse and P2E blockchain game.

The project offerings include Universal Metaverse (USM) and the P2E blockchain game Metamon. USM is a 3D planet where players can own land, build buildings and art galleries, and play the P2E Metamon game. The project also manages the Maye Musk Mystery Box non-fungible tokens (NFTs).

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Why is metaverse developer Radio Caca (RACA) crypto gaining attention? Data Source: coinmarketcap.com

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RACA token:

RACA is the native token of the Universal Metaverse. RACA has a market capitalization of US$599.9 million. Of the total supply of 431.4 billion, 298 million RACAs are in circulation.

It can be traded on OKX, Bybit, Bitget, Phemex, DigiFinex etc.

Also Read: Why is Decentralized Social (DESO) crypto gaining attention?

Bottom line:

Metaverse and NFT-themed assets are relatively new entrants in the crypto exchange. Support from celebrities gave a huge boost to their rapid growth, including Radio Caca’s development. Still, there are no robust parameters to evaluate the authenticity or the performance of the crypto projects. Hence, investors should exert caution before investing in digital assets.

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