Investors Eye Short-Term Gains in Moonveil's MORE Token Amid Market Adjustments

The rapid growth in earnings opportunities has nearly vanished in recent weeks, prompting a search for tokens suitable for short- and medium-term gains. The focus has turned to MORE - a token from the gaming web3 studio Moonveil. The project recently conducted a Token Generation Event (TGE), which underperformed expectations, leading most users to sell and unfollow their social media. Recently, developers announced a buyback of 2% of the supply over 60 days. Following this, the token experienced a modest rally, reaching a market cap of $17 million and a fully diluted valuation (FDV) of $94 million, currently ranked 1327 globally. Meanwhile, the developers have started partnerships with Unicorn X and Carv to adapt for volatile markets. The investment thesis is based on the 2024 project valuation estimated at only $90 million, providing a break-even point for many investors. Additionally, the project has raised $11.4 million from node sales, which can be used to boost the token's price. The buyback will continue until September 14, 2025. The plan is to monitor the token over the next few weeks, especially if the buyback sustains the upward momentum. Should the token double again and reach an FDV of over $200 million, a cautious short position might be considered.