Polygon MATIC Falls to Its Lowest Point in Two Years as Only 2 of Holders Profit While MoonTaurus Investors Celebrate 100 Returns
Polygon’s native token, MATIC, has experienced a significant decline, dropping to its lowest point in two years at $0.34. This has resulted in 98% of MATIC holders incurring losses, while only 2% remain profitable. Despite on-chain data showing that daily transactions have yielded more profits than losses over the past 200 days, the declining prices have not been halted. MATIC is currently trading below key moving averages, indicating the possibility of further downturns unless new market demand emerges.
MATIC holders are grappling with the losses caused by the token’s steep fall from its peak of $1.52 in February. This represents a 74% decline, leaving 97% of holders “out of the money” and facing potential losses if they sell now. The token’s poor performance is exacerbated by its trade below critical moving averages, suggesting a bearish sentiment that may persist. Although there has been a slight rebound to $0.34, market analysts caution that MATIC could experience further declines unless demand improves.
The significant loss in value highlights the challenges faced by MATIC in the current cryptocurrency market. While some holders have managed to profit from daily transactions, the overall outlook remains bleak. Currently, any potential recovery relies on an influx of demand, which seems uncertain in the short term.
Meanwhile, MoonTaurus (MNTR) has garnered attention from investors due to its impressive performance in the presale phase. As the token approaches the end of the first phase of the presale, it is poised to achieve a 100% gain thanks to strong investor interest. The first phase, priced at just $0.005 per token, is nearly sold out, with 95% of tokens already purchased. This overwhelming demand has enabled the project to raise over $290,000, leaving only a small window for new investors before the price doubles in the second phase.
What sets MoonTaurus apart in the cryptocurrency market is the rapid rate at which investors are participating. The presale has experienced rapid uptake, driven by an attractive price point and the promise of significant returns. With a launch price of $0.07, early investors stand to gain a 1300% return, intensifying the sense of urgency among investors.
Furthermore, MoonTaurus’ tokenomics are designed to maximize value for holders. With 40% of the total supply dedicated to the presale and 30% allocated for marketing, the project is well-positioned to maintain momentum and attract further investment. The remaining tokens are allocated to ensure liquidity and reward community engagement, creating a stable and supportive environment for long-term growth.
Experts have taken note of MoonTaurus’ strategic planning and predict a sharp price surge in the coming months. With the second phase of the presale approaching and a 100% price increase expected, the profit potential is undeniable. This has resulted in a rush among investors, many of whom draw comparisons to other successful tokens like Pepe and Shiba Inu, whose early backers experienced exponential gains.
While MATIC struggles, MoonTaurus (MNTR) continues to perform strongly in its presale. With the first phase nearly sold out and investor demand at an all-time high, the token is on track for significant growth. As MATIC holders grapple with losses, those who have invested in MoonTaurus are poised to reap substantial rewards. Time is running out, and with the second phase approaching rapidly, the opportunity to invest at the ground level is closing quickly. For investors seeking a promising venture, MoonTaurus presents a compelling case for the 2024 bull run.
