Rari governance token surges 26% amid market consolidation
Despite the prevalent consolidation observed across the market , the Rari governance token (RGT) has rallied by over 26% in the last 24 hours. The recent up surge comes after the asset traded within a range for the most of last month. RGT is up 26.27%, which ranks 788 on CoinMarketCap (CMC), and has witnessed higher gains over the past 24 hours than the majority of mainstream assets on the top 100 list. RGT price – July 3 | Source: CoinMarketCap Notably, bitcoin (BTC) is seeing a meager 0.45% increase. This impressive rally has skyrocketed the token to a two-month high of $0.76. You might also like: On-chain data suggests the rise of long-term BTC investors The rari governance token’s bullish momentum picked up at the start of July, per CMC data, following an observable spike in its value on July 2. This spike was preceded by an extensive consolidation that continued throughout June. The market-wide rally in June provided minimal support for the asset. Not...