Moonveil's Growing Potential: FDV Surges with Strategic Moves

Moonveil is an L2 blockchain developed by an experienced team, focusing on the gaming ecosystem. The project secured $11 million from prominent funds such as The Spartan Group and HashKey Capital. After launching its Token Generating Event (TGE) on June 27, the project reached a disappointing Fully Diluted Valuation (FDV) of $19 million, which caused a lot of dissatisfaction within the community. This prompted a personal review of the project. Initially, confidence was lacking due to rumors that the team was unhappy with current results and planned to make improvements, with some investors entering at higher valuations. As a result, a wait-and-see approach was taken. However, the project proved to be an exception; rumors were confirmed to be true, and the token started growing steadily, without sharp jumps. It kept making everyone think it was too late to join, but now there's a strong FOMO (Fear Of Missing Out) feeling. Recently, they announced a partnership with UnicornX and a buyback program, repurchasing 2% of the supply—a rare move for projects. Currently, its FDV has increased to $107 million, a fivefold increase from the initial market entry price, with a peak FDV of $130 million. Token sale investors are already in profit, and the team continues to develop the project, which should support token prices. Monitoring $MORE closely is recommended, as a strong listing could propel the token significantly. An intriguing development is unfolding, and the project shows promise for future gains.