SuperFarm (SUPER) is a cross-chain decentralized finance (DeFi) protocol built to facilitate the launching of new non-fungible tokens (NFTs) without the need for programming. Super is designed to bring utility to any token by turning it into an NFT farm with no coding required. Thanks to a set of visual tools, users can deploy a new farm with customizable rules and fine-tuned incentives. The farms can easily reward liquidity providers, stimulate long-term stakes, or give access to a project’s services through an NFT with utilities. SUPER is an ERC20 token that runs on the Ethereum blockchain. Its network is protected by the proof-of-work (PoW) consensus mechanism Ethash.
SuperFarm is building an NFT framework with a focus on the platform and user interface. The main challenge is to make DeFi and NFT infrastructure that is easy to use by creating utility, and providing a platform for NFT farming. It will allow users to easily set up farms, deploy tokens or NFTs and sell via their own marketplace.
Super will also act as a link between crypto ecosystems and the gaming industry. It aims to support collectible tokens for use in AAA games. With NFTs from SuperFarm, users gain access to the video game experience and limited-edition items. Better yet, members can use and exchange their assets.
The SUPER token gives users access to a range of opportunities in the crypto space through SUPERVERSE, Partner Video Games and frequent NFT drops. And it’s been rallying hard: breaking out of a multi-month downtrend in light of potential roadmap updates to be announced this week.
The token launched on the Binance Exchange in March 2021, hitting an “All-Time High” in the same month of $4.76. Price has ranged in the last 12 months between $0.30 and a high of $2.18 in November 2021. Price has dropped with the rest of the market, over the last two months, finding support at $0.56 on the 24nd January 2022. We have seen a massive upside in SUPER in the last two weeks, where the token broke the $1 level on the 08th February 2022.
After an explosive breakout, the price has now started to retrace, giving opportunities to enter into the token at lower levels. Possible entries to consider are the Fibonacci levels of 0.382 ($0.92), 0.5 at ($0.86) and 0.618 at ($0.80).
Gaming tokens, which includes SUPER, have shown a lot of bullishness over the last two weeks, and should do the same once the market resumes its uptrend. Possible take profit area would be at the 0.618 level of around $1.57. This is measured between November’s high at $2.18, and the low in January at $0.56. Don’t sleep on SUPER! Hype is brewing. A long-term project is coming to fruition. And the upside potential could be huge.