menu
techminis

A naukri.com initiative

google-web-stories
source image

99Bitcoins

2w

read

314

img
dot

Movement Crypto Shines as MOVE Spikes 40%: Here’s Why

  • MOVE crypto surged 40% and broke out from a descending channel, reversing losses from the past week.
  • Movement Network Foundation completed a 10 million MOVE token buyback program to stabilize prices and restore investor trust.
  • The surge in MOVE crypto comes amidst global uncertainty, with top cryptos like Bitcoin, Ethereum, XRP, and Dogecoin also registering gains.
  • MOVE7, the token powering Movement's Ethereum layer-2 platform, saw significant gains against the greenback.
  • The breakout in MOVE crypto was supported by high volume and a bullish engulfing bar on the daily chart.
  • Fundamental factors, along with technical patterns, are expected to drive further growth in MOVE crypto.
  • Movement Network Foundation's buyback program aimed to rebuild investor confidence after market manipulation accusations in 2024.
  • Binance froze $38 million in MOVE profits from Rentech, a market maker accused of token dumping, to protect traders and investors.
  • In response to past challenges, Movement Labs made governance changes, including appointing Torab Torabi as CEO and Young Yang Liauw as the engineering team lead.

Read Full Article

like

18 Likes

For uninterrupted reading, download the app