strong buy
Moonveil's $MORE Token Surges with Strategic Moves and Growing Potential
Moonveil is an L2 blockchain created by an experienced team, focusing on the gaming ecosystem. The project raised $11 million from firms like The Spartan Group and HashKey Capital.
After their Token Generation Event (TGE) on June 27, the project reached a disappointing fully diluted valuation (FDV) of $19 million, which caused significant community concern. This prompted a personal review of the project.
Initially, trust in the project was low, and it was decided to skip further involvement. Rumors circulated that the team was unhappy with results and planning corrections, while investors entered at higher valuations. This led to a position of observation.
However, the project turned out to be an exception, confirming the rumors—token growth was steady, not sudden. Every time it seemed too late to buy, FOMO took over.
In brief, the team:
1. Announced a partnership with UnicornX.
2. Implemented a buyback program, purchasing 2% of the supply. Few projects do this.
Currently, the FDV has increased to $107 million, a fivefold increase from the initial market price, with a peak FDV of $130 million. Early investors are in profit, and the team is focused on further development, which should support the token price.
Close attention should be kept on $MORE, as an interesting story unfolds. Any strong listing could propel the token significantly.
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AI Analysis
In-Depth Analysis of Moonveil ($MORE)Moonveil’s development as an L2 blockchain targeting the gaming ecosystem positions it uniquely within a rapidly expanding niche. The project’s initial raise of $1...
AI Recommendation
Given the recent achievements and strategic developments of Moonveil, it would be prudent for investors to maintain a close watch on the $MORE token. The company's plans, including partnerships and bu...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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