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That's why SCRT is up 12% today

 


The crypto market is seeing mixed performance, but SCRT has added more than 12% to its value over the past 24 hours.

The crypto market cap is still at the $2 trillion mark despite the mixed performance over the past few hours. Bitcoin is trading around the $42,000 level after failing to surpass the $45,000 resistance level.

Ether is trading around $3,200 and is down less than 1% in the last 24 hours. Despite the mixed performances, SCRT, the Secret Network's native token, is up more than 12% over the past 24 hours.

The token has rallied as the collection of non-fungible tokens (NFT) set to be released by Quentin Tarantino continues to gain coverage. The Wall Street Journal recently reported on the upcoming launch of the NFT collection. The publication said :

"The battle for super-rare Tarantino NFTs on Secret Network heats up as Quentin Tarantino accuses Miramax of attempting to sabotage the auction - while also issuing a cease and desist letter to Miramax."

SCRT is trading at $8.15 at press time, up more than 12% over the past 24 hours. It has outperformed numerous cryptocurrencies during this period.

Important levels at a glance

The SCRT/USDT 4-hour chart shows that the cryptocurrency is currently performing extremely well. The technical indicators are showing that SCRT could move higher in the coming hours or days.

SCRT's MACD line is above the neutral zone, indicating its strong performance at the moment. The RSI of 63 shows that SCRT is moving towards the overbought territory.

If the current rally holds, SCRT could surpass the psychological $10 level in the coming hours. In the event of an extended bullish performance, the cryptocurrency could set a new all-time high above the $12 level.

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