MATIC by Polygon is currently trading at $0.6851, down by 3.57% in the last 7 days. This is not the only fall that MATIC has experienced in recent times. It has also been down by 29.88% in the last 30 days. Even though the token value has surged, it has done so only for a while. MATIC has recently not held or sustained the gains – evident from the fact that green trade has rarely happened in the last 365 days.
That trend was seen in December 2023 and from February 17 to March 07, 2024. Other days only held back the valuation of MATIC. There is also a tangible drop in the Market Cap by 1.31%, ranking the token at the 17th position across the globe in the crypto market.
A loose momentum in MATIC has paved the way for exploring other tokens and making the switch before it’s too late. One of the potential candidates in the market is MAGA VP or $MVP. The recently launched token has seen a rise of more than 98% in April 2024. The market cap is above $5.5 million at the time of writing this piece, teased to eventually crossroads at $240 million. The token is also predicted to surpass the value of $4 by the end of 2024.
MAGA VP is heavily driven by the tokenomics that the community has crafted. Most importantly, MVP aims to reward the holders of MAGA TRUMP by supporting its liquidity via buy and sell tax. That has been highlighted at 2% in the tokenomics, further allocating 1% to TRUMP token rewards.
MVP is currently trading at $0.1137, showcasing a potential dip for traders to get on board. The method has, so far, worked for every major crypto in the market. Whales make the most of it; however, the trend has transitioned since Spot Bitcoin ETF. Small or novice traders are also looking to get their hands on the exposure. In other words, dips can now also be bought by small traders, not only whales or institutional investors.
Considering the token is poised to bank the value of $0.33, it will only set the stage for a further surge to $1 and then $4 during the next weeks, especially by the US elections period.
MAGA VP is currently listed on a total of 11 centralized exchanges. This includes the likes of LBANK, BitMart, and XT.com. Moving forward, MVP aims to forge strategic partnerships and commence a global outreach campaign.
Interestingly, the downward movement for MATIC comes at a time when Robinhood issued a critical announcement for token holders. Robinhood Wallet has enabled cross-chain transactions on Polygon, unlocking a new functionality for more than 23 million users of the Robinhood application.
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