Ethereum $3,879.7 Movement (MOVE), the new layer-2 project developed on the network, was launched with a market value of more than 7.7 billion dollars. The project attracts attention with the support of leading crypto exchanges Binance and Upbit.
Stock Exchange Support
Global crypto exchange Binance announced that MOVE is supporting the project through its airdrop portal. It was announced that after the airdrop, trading can be done in MOVE, MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD and MOVE/TRY trading parities.
By adding the “seed” tag to the MOVE token, Binance stated that low-liquidity projects may show higher volatility. Users holding such tokens are required to conduct a risk assessment every 90 days before token trading. Today, simultaneously, many exchanges such as Coinbase and Bybit have listed MOVE Coin on their platforms. We haven’t seen such synchronized listings for a long time. The impressiveness of the launch may increase long-term investor interest.
Investor Opinions
South Korea-based crypto exchange Upbit also announced that it will support the trading of MOVE. MOVE was trading at $0.77 shortly after launch, marking a 13.8% increase since launch. The market value of the project was determined as 1.7 billion dollars. Its fully diluted market capitalization is around $7.7 billion.
“It is worth paying attention to the MOVE ecosystem – although it is very small at the moment. Its value may increase with projects such as MOVE, Aptos, Sui.”
Venture capitalist Chris Burniske stated that it is important to closely follow the ecosystem in which MOVE is involved. The Move programming language was developed as the original infrastructure for the now defunct Diem project, which was supported by Meta. It was later used in the development of layer-1 blockchains Sui and Aptos.
Market Performance
MOVE has a fully diluted market capitalization of $7.7 billion and ranks 86th among the largest projects. MOVE, which has shown a rapid rise in the crypto market, is being watched carefully by investors. The increasing interest in the project indicates that MOVE may play an important role in the crypto world in the future. Support from stock markets and investor interest increases MOVE’s sustainable growth potential.
MOVE’s support from major exchanges such as Binance and Upbit increases the reliability of the project and offers various trading opportunities to crypto investors. MOVE’s performance and future developments in the market will be important indicators for investors.
MOVE was launched with the support of major exchanges such as Binance and Upbit. The project shows a rapid rise and is followed with interest by investors. MOVE’s future developments could be decisive in the crypto world.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
