MOVE Token Surges 12% After Mainnet Launch & ETF Filing—Is $1 the Next Target?

Share This Post

The post MOVE Token Surges 12% After Mainnet Launch & ETF Filing—Is $1 the Next Target? appeared first on Coinpedia Fintech News

While almost the entire crypto market is currently struggling & trading in red, Movement Network (Move) token has managed to rise nearly 12% in the past 24 hours. This sudden rally comes as the Movement Network Foundation launched its Movement Public Mainnet Beta, raising investor confidence. 

MOVE Surge Following Mainnet Beta Launch

On March 10, the Movement Network Foundation introduced its Movement Public Mainnet Beta, marking a big step forward for the project. This is the first Move-based blockchain that connects with Ethereum, making it easier for developers to launch smart contracts without restrictions.

https://twitter.com/movementlabsxyz/status/1899127928723853681

Experts believe that when an asset’s AO bars turn green, it shows less selling pressure and stronger buying momentum. This has led to talks that MOVE could continue rising in the coming days.

Meanwhile, the launch has boosted interest in MOVE, increasing its trading volume to $372 million, an 18% jump in just 24 hours. The network also started strong, with $250 million in locked value, ensuring good liquidity and usability from day one.

ETF Filings Could Bring Institutional Interest

Adding to the excitement, asset management firms tREX and Osprey Funds have applied for an exchange-traded fund (ETF) focused on MOVE. If approved, this ETF would allow institutional investors to gain regulated exposure to the token, potentially driving more demand.

MOVE Price Momentum 

As of now, the MOVE token is trading at $0.50, slightly above its key resistance at $0.48. However, the token has recently broken out of a month-long downtrend, signaling the possibility of a new bullish trend. 

MOVE is currently moving within a tight range, but a breakout could push its price to $0.70 soon. If momentum stays strong, MOVE may continue its upward trend and potentially reach $1 next month.

However, if profit-taking increases, the token could struggle to hold its gains and might even drop back to its all-time low of $0.37.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

What is Movement Network (MOVE) token?

Movement Network (MOVE) is a Move-based blockchain that integrates with Ethereum, enabling seamless smart contract deployment.

Why is MOVE price increasing?

MOVE surged 12% after the Movement Public Mainnet Beta launch, boosting investor confidence and increasing trading volume.

Could MOVE reach $1 soon?

If bullish momentum continues and ETF approval happens, MOVE may hit $1. However, profit-taking could cause a pullback.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Peter Schiff: Bitcoin Could Crash Below $65K if Nasdaq Enters a Bear Market

Bitcoin faces a steep decline if the Nasdaq downturn deepens, warns Peter Schiff, predicting a wave of panic selling that could shake investor confidence and destabilize markets Peter Schiff Predicts

SEC vs Ripple: How Lawsuit Over XRP Could Wrap up in Days

A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the

Is The Bitcoin Cycle Peak In? Historical Halving Data Suggests Upside Potential Into Late 2025

Bitcoin is now down over 29% from its all-time high (ATH) in January, and speculation about a coming bear market is growing among investors After weeks of heavy selling pressure, Bitcoin has entered

France central bank governor says Trump is “sowing the seeds of future upheavals” by supporting crypto

Francois Villeroy de Galhau, the governor of Banque de France and the European Central Bank Governing Council’s member, believes US president Donald Trump is making a huge mistake by supporting

640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation?

Chainlink (LINK) is currently trading below crucial resistance levels, which could trigger a strong rally if bulls manage to reclaim them However, volatility and uncertainty have dominated the market

To Sell or Not to Sell: Redditors Debate Bitcoin’s Million-Dollar Moment

A Reddit thread exploring whether bitcoin holders would sell at $1 million reveals a divided yet pragmatic community weighing financial goals, inflation risks, and long-term faith in the leading