Polygon’s native token, MATIC, has hit a significant low, dropping to $0.34—its lowest in two years. The decline has left 98% of its holders in the red
Amidst a broader crypto market downturn, Polygon's (MATIC) native token has hit a new low, dropping to $0.34 and marking its lowest price point in the past two years. This significant decline has left the vast majority of MATIC holders (98%) facing losses if they were to sell their holdings now, with just 2% remaining in the green.
Despite indicating a slight recovery from its February high of $1.52, MATIC's steep price fall translates to a 74% loss from its peak earlier this year. This drastic decline has put a damper on the hopes of many investors who bought the token at higher prices.
According to on-chain data, daily transactions have yielded more profits than losses over the past 200 days. However, this hasn't been enough to stem the tide of declining prices, with MATIC trading below key moving averages, signaling further possible downturns unless new market demand materializes.
This news comes as a blow to MATIC holders, especially considering the token's once-promising trajectory. However, with the crypto market remaining volatile and unpredictable, the token's fate still hangs in the balance.
While Polygon (MATIC) struggles, MoonTaurus (MNTR) has captured the attention of investors with its remarkable performance in presale. As the token nears the end of the first phase, it is poised for a 100% gain thanks to strong investor interest.
Early investors are flocking to MoonTaurus (MNTR) as the token nears the completion of its first presale phase. Priced at just $0.005 per token, the presale has seen an impressive ۹۵% sell-out rate, with only a limited number of tokens still up for grabs.
This strong investor interest has seen the project raise over $290,000 to date, setting the stage for a 100% price increase as phase two kicks off. With just a short window remaining to acquire the token at its lowest price, investors are moving quickly to secure their positions.
Adding to the allure is MoonTaurus' early success and the scarcity of available tokens. Early adopters stand to reap significant gains from this limited presale allocation, while the token's capped supply and strategic marketing efforts bode well for future price growth.
As demand continues to rise and availability dwindles, investors are eager to secure their share before the next phase kicks in. Clocking in at an impressive speed, MoonTaurus' presale has seen a rapid uptake, thanks largely to the promise of substantial returns.
Those who purchase the token during the presale, priced at $0.005, will enjoy a 1,300% gain by the time it hits the exchanges at $0.07. This astronomical return potential has spurred many investors to enter the crypto market in 2024.
MoonTaurus' tokenomics are designed to maximize value for its holders, with 40% of the total supply allocated to the presale and 30% earmarked for marketing to maintain momentum and attract further investment.
The remaining tokens will ensure liquidity and reward community engagement, fostering a stable and supportive environment for long-term growth. This strategic planning has not gone unnoticed by experts, who predict a steep price surge in the coming months.
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