The currency $MOVE has seen a notable increase of over 15% within 24 hours, supported by a $2 million investment from World Liberty Financial (WLF), backed by the Trump family. This investment is believed to focus on integrating MOVE's blockchain technology with artificial intelligence to enhance transparency in decentralized finance.
Rumors have circulated that Elon Musk's D.O.G.E team is considering using the MOVE blockchain in government initiatives to enhance digital transparency. This step could increase demand for the currency if confirmed, potentially leading to a larger price surge.
The MOVE team has launched the main developer network (MoveVM) on the Ethereum network, a step aimed at enhancing the currency's position in the decentralized finance (DeFi) sector. This development is expected to attract more institutional partners.
Regarding price performance and expectations
Technical analysis indicates a strong sell signal on the daily and weekly charts, which may suggest upcoming volatility despite the current rise.
And a summary of the expectations:
- Short term: The continuation of the rise depends on confirming partnerships (like Elon Musk) and successful technical applications.
- Long term: MOVE could become a major player in DeFi if it succeeds in attracting major institutions and enhancing its practical uses.
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