RaveDAO Coin price surged by over 140% on Tuesday as investors bought the recent dip in a classic case of a dead-cat bounce. RAVE token was trading at $1.6630, up from the weekend low of $0.5688. Why RaveDAO Coin price is soaring RaveDAO is a relatively new crypto project that is aiming to disrupt the entertainment industry. According to its website, its approach is to build local festivals much like TED and TEDx. The website notes that these events have happened in Singapore, Dubai, and Bangkok. RaveDAO made headlines recently when it went parabolic, moving from below $0.5 to $29 within days and with no major catalyst.
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