MOCA Coin jumps 15% as Moca Network unveils identity-focused L1 blockchain

Digital assets remained elevated on Thursday as Donald Trump cooled the Middle East tensions.

Bitcoin hovers at $107,870, while MOCA Coin displayed upside momentum after bullish ecosystem news propelled its prices in the previous 24 hours.

MOCA price increased from yesterday’s low of $0.6834 to $0.7891, a 15.47% uptick, as Animoca Brands’ identity-focused arm Moca Network officially announced Moca Chain.

Moca Chain is a purpose-built L1 blockchain that prioritizes decentralized data and identity.

The team explains the new platform as,

The launch reflects a new wave of blockchain utility, where identity is paramount.

More about Moca Chain

Moca Chain is more than layer1 protocols like Ethereum and Solana. It is an EVM-compatible, chain-agnostic, modular blockchain for data and identity management.

Moca Chain deeply integrates ZKPs (zero-knowledge proofs) to allow its users to prove the legitimacy of anything without exposing the underlying data.

That model guarantees privacy-preserving verification, which is crucial as simple data loss could lead to substantial financial losses as fraudsters dominate the digital assets space.

Moca Chain focuses on self-sovereign identity, enabling apps and individuals to manage and move verified data across various platforms without depending on centralized entities.

AIR Kit: the gateway to Animoca’s new identity layer

The AIR Kit toolset is at the core of Animoca Chain, aiming to streamline user onboarding. It is the entry point for users and developers, linking them to a platform of user-centric apps and identity protocols.

The announcement highlighted:

MOCA Coin turns bullish on increasing roles and utility

Moca Network’s native token exhibited a bullish stance at press time.

It trades at $0.07811, up nearly 10% on its 24-hour price chart.

Technical indicators highlight the emerging momentum shift to bullish.

For instance, the 4H MACD displays green histograms after an upside crossover with the signal line.

Also, the RSI at 58 suggests more room for MOCA gains before overbought conditions surface.

MOCA’s rise is beyond speculative hype – driven by bullish prospects as the altcoin anticipates surged use cases.

The token will handle various activities on the Moca Chain, including gas payments, incentivizing validators, staking, and possibly governance.

That means impressive demand for MOCA as the Moca network grows, especially as more dApps and identity protocols migrate to this identity-centric L1.

With testnet scheduled for the third quarter and mainnet in Q4 2025, developers and investors are watching what might become a foundational platform for identity infrastructure.