By cryptoadmin 
The MOCA token, the native token of Moca Community, has surged by over 15% right this moment due to a vacation giveaway announcement by Animoca founder Yat Siu.
This surge, coupled with a promising technical sample, positions MOCA for a possible breakout to a brand new all-time excessive, reflecting rising investor confidence and curiosity within the Web3 area.
What’s MOCA token?
MOCA token is the native forex of the Moca Community, a blockchain platform developed by Animoca Manufacturers, one of many main gamers within the cryptocurrency business.
The community powers the Mocaverse, an formidable initiative geared toward creating the most important on-chain cultural economic system.
Constructed on the sturdy LayerZero v2 protocol, the Moca Community spans various industries, together with music, gaming, and training.
At its core, the Moca Community empowers customers by enabling management over digital identities, knowledge monetization, and seamless interplay throughout Web2 and Web3 platforms.
The MOCA token facilitates these actions, serving as a cost medium and protecting transaction charges inside the ecosystem.
MOCA token alerts a possible breakout to new ATH
MOCA token hit its all-time excessive (ATH) of $0.43252 on December 16, following its itemizing on Binance Futures and main South Korean exchanges like Upbit and Bithumb.
These listings amplified market visibility, driving a considerable improve in buying and selling exercise throughout platforms equivalent to Bybit, Bitget, and Kucoin.
Nevertheless, after the surge, the token entered right into a correction hitting a low of $0.124948 on December 18, earlier than resuming its bullish pattern solely to face a robust resistance on the $0.29 degree.
In the present day, the token is firing on all cylinders after Yat Siu introduced the beginning of his two-stage vacation giveaway rewarding early engagers of his earlier put up saying the acquisition of his first 88 NFTs on Moca Community.
Initially, Siu had set a situation of two,000 retweets for the giveaway to kickstart however going by his announcement right this moment, the giveaway will kick off with out the two,000 retweets being met.
As a part of the Vacation Celebrations I can be gifting away the rewards of the preliminary declare $MOCA tokens from the under in 2 phases. Technically the circumstances weren’t met (2000 RTs) however we have now rather a lot to have fun for the reason that @MOCAFoundation@Moca_Network launch. Thanks fam!
4:54 AM · Dec 23, 2024 Learn 79 replies
Within the first stage of the giveaway, Siu will “be rewarding preliminary put up engagers and the $MOCA fam.”
He’s but to determine the circumstances for the second stage and individuals are welcome to offer options.
Replying to @ysiu
1st stage can be rewarding preliminary put up engagers and the $MOCA fam and am contemplating the 2nd stage for group engagement. Open to options what sort of activation I ought to do for Half 2!
4:54 AM · Dec 23, 2024 Learn 41 replies
Siu’s resolution to reward early post-engagers and foster group involvement ignited renewed pleasure, pushing MOCA’s value up 15%.
This momentum underscores robust market confidence and the group’s enthusiasm for the Moca Community’s imaginative and prescient.
Presently buying and selling at $0.29099 on BYBIT, the MOCA token has fashioned a bullish technical sample referred to as a cup and deal with, with the shoulder positioned round $0.29.
Supply: TradingView
This setup, mixed with sturdy community developments and strategic giveaways, suggests MOCA is well-positioned for additional progress, capturing the eye of each retail and institutional buyers.
If the value breaks out from this formation, it may set off a retest of its ATH, probably leading to a 48% value improve.
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