Despite the ongoing turmoil, the Movement Network has taken over the market by storm. Built on the Ethereum ecosystem, this altcoin has already achieved a market cap of $2 billion in 24 hours and has secured the 64th position.
Curious to find out the workings of this project and also the short-term price prospects of this viral altcoin? Read CoinPedia’s latest Movement (MOVE) price analysis for answers to questions like “Why is Movement (MOVE) price pumping?”
This is the first “Move-EVM” Layer-2 (L2) for the Ethereum chain. Moreover, it is an open-source tool to facilitate the adoption of the “Move” language across blockchain ecosystems and bring enhanced security features.
Movement Network is a revolutionary ecosystem that enables developers to construct a secure, performant, and interoperable blockchain environment by bridging the gap between Move and EVM.
Further, developers can also launch high-performance “Move VM rollups” without any hiccups. Furthermore, it is backed by top financial institutes such as Polychain Capital, Hack VC, Placeholder, and Binance Labs.
Binance exchange launched $MOVE through airdrop on 09th December 2024. The Movement (MOVE) price is available in 5 different trading pairs: MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY. Notably, Binance tags $MOVE with the “Seed” label, indicating its high-risk nature.
If the bullish sentiment sustains, this altcoin may retest its $1 mark. Moreover, an intensified bullish rally could push the price of this altcoin toward a new high beyond its $1.45 mark.
On the contrary, increased bearish action could pull the price toward its $0.75 mark. Moreover, if the profit-booking increases, this could result in it plunging toward its low of $0.50 this month.
With a 24-hour price jump of ~40%, this crypto token is presently valued at $0.87.
For this altcoin to reach its target price of $10, it will require a price surge of 1,049.42% in its current valuation.
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