The cryptocurrency market is experiencing mixed performance, but SCRT has added more than 12% to its value in the last 24 hours.
The cryptocurrency market cap is still around the $2 trillion mark despite the mixed performance experienced in recent hours. Bitcoin is trading around the $42,000 mark after failing to overcome the $45,000 resistance level.
Ether is trading around $3,200 and has dropped less than 1% in the last 24 hours. However, despite mixed performances, SCRT, Secret Network's native token, has increased by more than 12% in the last 24 hours.
The token has been recovering as the non-fungible token collection (NFT) to be released by Quentin Tarantino continues to gain coverage. The Wall Street Journal recently covered the upcoming release of the NFT collection. The publication said ;
"The battle over Tarantino's super-rare NFTs on Secret Network is heating up when Quentin Tarantino accuses Miramax of trying to sabotage the auction – while issuing a cease and desist demand to Miramax."
SCRT is currently trading at $8.15, up more than 12% over the last 24 hours. It outperformed several cryptocurrencies during that time.
Key levels to watch
The 4-hour SCRT/USDT chart shows that the cryptocurrency is currently performing excellently. Technical indicators show that SCRT may rise further in the coming hours or days.
SCRT's MACD line is above the neutral zone, an indication of its strong performance at the moment. RSI of 63 shows that SCRT is heading towards the overbought region.
If the current rally is sustained, SCRT could break above the psychological $10 level in the next few hours. In the event of prolonged bullish performance, the cryptocurrency could set a new all-time high above the $12 mark.
The post Here's Why SCRT Is Up 12% So Far Today appeared first on Bitcoin Guide .