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Radio Caca (RACA) price prediction: Can RACA reach Mars?

By Manaswita Ghosh Dutta

Edited by Jekaterina Drozdovica

15:26, 11 January 2022

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Radio Caca (RACA) price prediction: Can RACA reach Mars?

Radio Caca is a decentralized autonomous organization (DAO) that aims to build a new virtual world and the infrastructure around it.

One of its projects, the United States of Mars (USM) metaverse, is a three-dimensional planet where users can own land, build homes and play games.

“USM Landowners will build, create, and facilitate amazing experiences for all Metaverse inhabitants. Our platform will serve to empower all of this and more,” Radio Caca said in a blog post

So far, however, the game is only in the beta version and does not represent the final product. Also, there is only one state available for user access on the planet in the RACA metaverse, the US state of North Carolina, indicating the very early stages of adoption. 

As a project, Radio Caca brings together several cryptocurrency themes, such as play-to-earn games and non-fungible tokens (NFTs)

The organisation’s NFT marketplace is the exclusive manager of the Maye Musk Mystery Box (MPB). NFTs created by Elon Musk’s mother can only be bought exclusively through Radio Caca. The marketplace’s NFT trading  volume surpassed $3bn in November 2021. 

Yet after reaching record highs in November 2021, the RACA coin has declined. Can the token regain momentum and what’s shaping the Radio Caca price prediction in  2022?

RACA COIN PRICE FORECAST

What is the Radio Caca (RACA) coin?

The Radio Caca (RACA) coin, which is a native currency of the USM metaverse, was launched in mid-August 2021. RACA is also the native token for blockchain play-to-earn game Metamon, which was launched in October 2021.

The token is currently deployed on Ethereum, Solana, OKExChain and the Binance Smart Chain, according to the Radio Caca white paper.

Radio Caca price analysis: Technical view

The Radio Caca (RACA) token was launched in August 2021, at $0.00029. After trading sideways for a few months, the RACA/USD started its bull run in October 2021. It surged from $0.0004871 on 1 October to $0.002535 on 11 October and hit $0.00378 by the end of the month.

The most rapid jump happened between 7 and 14 November 2021, when the coin skyrocketed from $0.00357 to the all-time-high $0.01167. That’s a jump of 224% in just a week. 

Since then the RACA coin has lost those gains, dipping at $0.001936 on 20 December 2021. After rallying slightly to $0.004295 on 24 December, the RACA token price action has moved sideways to lower since amid sentiment shift in the cryptocurrency markets largely associated with the US Federal’s Reserve turn to hawkish policy. 

Radio Caca had a market capitalization of $475.5m as of 7 January, 2022. This put the token at a rank of 233 among other cryptocurrencies on CoinMarketCap on the day.

Radio Caca to USD chart, August 2021 - January 2022

According to CoinCodex, the current investor short-term sentiment around the token remained bearish at the time of writing, based on technical analysis price indicators with five indicators giving bullish signals, while 19 are bearish.

The fear and greed index, which takes into account the overall sentiment of the crypto market, stood at “Extreme Fear”. 

Volatility of the Radio Caca coin, which is the coin’s 30-day price variation, remained at 18.25%, as on 11 January, 2022.

The weekly moving averages for the token are giving ‘sell’ signals, while the Relative Strength Index (RSI) is pointing to ‘buy’ at 21.59. An RSI reading of 30 or below indicates that a security is underbought or undervalued.  

USM Metaverse

The USM Metaverse, created by USM Lab, is a three-dimensional metaverse planet where players can own possessions. It’s similar to how things are owned in real life, yet in their virtual format of NFTs. It creates a digital economy within the metaverse.

ETH/USD

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The functionality of USM allows players to have a similar experience in exploring the virtual world as they do with Google Earth, with options to dynamically zoom in and out of the planet. 

Most recently, USM Labs have added new features players can use to communicate with their peers, such as laugh, cheer and dance on the virtual planet. 

RadioCaca is currently building application layers on Ethereum, yet the long-term goal is to launch its own solution, a public blockchain called USM Public Chain. 

“The chain will be interoperable with other public chains such as Ethereum and Binance Smart Chain. In addition, we will create a Global Developer Plan to encourage top talents globally to develop alternative scaling solutions to Ethereum 2.0, from the underlying blockchain technology to the whole development ecosystem,” the project said

Plus, according to the RACA metaverse roadmap, the company  plans to launch the USM Chain Mainnet in June 2022.  Mainnet is an important part of a cryptocurrency’s real-world implementation as it provides functionality of transferring digital money from sender to recipient. While mainner is the main network, transactions take place on a distribution ledger. 

Product launch and initiatives

The company has continued to launch a string of promising products over the last year. For example, its Binance Smart Chain metaverse mini-game Metamon launched in October 2021. 

The game can only be accessed on Binance Smart Chain with contracts done via BakerySwap and Binance NFT. It’s a play-to-earn game, where RACA coins are the equivalents of AXS in the Axie Infinity. The game will later be expanded into the USM Metaverse. 

New partnerships 

In other RACA coin news, in June 2021,  Elon Musk’s mother endorsed Radio Caca’s NFT marketplace by selling her Mystery Box NFTs exclusively via the project. Such high-profile partnerships are likely to boost the project’s credibility.

Most recently, Radio Caca has teamed up with crypto e-commerce platform Shipping.io. The integration will add RACA coins as a payment method. 

Partnering with big institutional names could increase Radio Caca’s brand awareness. Any news of new partnerships could shape the RACA coin value in 2022. 

The future is metaverse?

Since the Radio Caca project is embedded in the metaverse, the coin’s value could be shaped by sentiment around the wider metaverse space. 

According to Indian market research company Market Research Future, the metaverse market could expand at a compound annual growth rate of 41.7% from 2021 to 2030. 

In the area of blockchain technology in particular, metaverse gaming is expected to take the lead, owing to blockchain’s decentralized structure.

Radio Caca (RACA) price prediction

According to the algorithm-based price prediction service Wallet Investor, “RACA is an awesome long-term investment.”

The site gave a bullish Radio Caca crypto prediction, forecasting the coin to start 2023 at $0.01069. In 2024, Wallet Investor saw the coin reach $0.0191, and in 2025 to climb to $0.0276. In 2026 and 2027, Wallet Investor forecasted the coin to grow further to $0.0360 and to $0.0443 respectively. 

Another algorithm-based forecasting service DigitalCoinPrice gave a more modest RACA forecast. The site expected the token price to reach $0.003835 in 2023, $0.004179 in 2024, and $0.0051 in 2025. According to DigitalCoinPrice, the RACA coin is then expected to fall back to $0.004740 in 2026 to then rise again climbing to $0.00647 in 2027, $0.00828 in 2028 and $0.009891 in 2029.

Note that algorithm-based both Wallet Investor and DigitalCoinPrice use past price performance for their estimates. Their predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

FAQs

Is Radio Caca coin a good investment?

Whether RACA is a good investment for you depends on your personal circumstances and risk appetite. Cryptocurrencies are high-risk assets. You should do your own research and  evaluate the level of risk you are prepared to accept before investing. Never invest money you cannot afford to lose.

Why is Radio Caca down?

After reaching the record high of $0.01167 on 14 November, the RACA coin has lost those gains, dipping at $0.001936 on 20 December 2021. After rallying slightly to $0.004295 on 24 December, the price action has moved sideways to lower amid sentiment shift in the cryptocurrency markets largely associated with the US Federal’s Reserve turn to hawkish policy.

How high can the RACA coin go?

The algorithm-based price prediction service Wallet Investor gave a bullish RACA forecast, predicting the coin to start 2023 at $0.01069. In 2024, Wallet Investor saw the coin reach $0.0191, and in 2025 to climb higher to $0.0276. For 2026 and 2027, Wallet Investor forecasted the coin to grow to $0.0360 and to $0.0443, respectively. 

Note that algorithm-based services use past price performance for their estimates. Price predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research.Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

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