MORE Price Prediction and Price Movement
MORE has been down 84.44 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that MORE's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if MORE is backed by a solid development team and whether MORE's technology has any potential to grow.
Please note that this analysis is purely base on MORE's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
More Token Price Chart
About More Token
Moremoney is a lending protocol for opening interest-free collateralised debt positions (CDP) using liquidity pool tokens, interest-bearing tokens (ibTKNs) and other major tokens as collateral. Borrowers mint MONEY, a USD softly pegged stablecoin backed by an over-collateralised debt position as well as the yield earned by the collateral. After minting MONEY, borrowers can use it across the DeFi landscape, for interest free leverage, or simply use it to farm MORE. Moremoney is designed to support the further conversion of base tokens like ETH, AVAX, USDT into ibTKNs. Upon depositing, collateral assets are forwarded to trusted partner protocols where these tokens earn yield, which is either compounded into collateral token or into $MONEY to automatically repay debts owed by a vault.