More Coin (MORE) is the native utility and governance token of the Moremoney protocol, which is a crypto lending platform for opening interest-free collateralized debt positions using liquidity pool tokens, interest-bearing tokens, and other major cryptocurrencies.
In this article, we will take a closer look at the More Coin to understand what it is and how it works. We shall also predict its price through 2030, and list exchanges where it can be traded, before determining whether it is a credible cryptocurrency investment.
So, let’s get started.
What Is More Token (MORE) And How Does It Work?
MORE is the native cryptocurrency powering the decentralized lending protocol Moremoney. Focusing on the intersection of decentralized finance (DeFi) and non-fungible tokens (NFTs), it represents an altcoin that contributes to the broader ecosystem of cryptocurrencies.
As a utility token on the Moremoney network, MORE facilitates the creation of interest-free collateralized debt positions (CDPs) through the use of liquidity pool tokens, interest-bearing tokens (ibTKNs), and other cryptocurrencies that are collateralized.
MORE can also be used to mint MONEY, a stablecoin pegged to the USD that is issued on the Moremoney protocol. The stablecoin is backed by over-collateralized debt positions and yields generated from other collateral assets.
Additionally, MORE is used to convert base tokens like Ether (ETH), Avalanche (AVAX), and Tether USD (USDT) into ibTKNs. These are then allocated to Moremoney’s trusted partner protocol where they generate yield. The yield can either be reinvested into the collateral token or used to automatically repay the debts owed by a vault in the form of MONEY.
More Token (MORE) Tokenomics
MORE has a total supply of 1 billion tokens, out of which, 68.17 million MORE are currently in circulation. More Token has a market capitalization of $70,733 and a trading volume of $276 over the last 24 hours.
More Token (MORE) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, MORE is trading at $0.001037 – down 1.12% over the last 24 hours. Based on its current market rate, we have predicted the minimum, average, and maximum prices at which the token could change hands between 2024 and 2030.
Please note that the prices given below are purely speculative and could change depending on market conditions and the performance of MORE.
YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
---|---|---|---|
2024 | $0.00002 | $0.001030 | $0.002584 |
2025 | $0.00001 | $0.001520 | $0.001892 |
2026 | $0.000003 | $0.001198 | $0.001236 |
2027 | $0.00005 | $0.002421 | $0.003271 |
2028 | $0.00001 | $0.000185 | $0.000268 |
2029 | $0.00085 | $0.004582 | $0.005647 |
2030 | $0.00051 | $0.005661 | $0.009863 |
Where Can You Buy More Token (MORE) From?
MORE can be purchased and traded on the following cryptocurrency exchanges:
- Trader Joe (Avalanche)
- Uniswap V3 (Avalanche)
Is More Token (MORE) A Credible Cryptocurrency Investment?
MORE is an Avalache-based cryptocurrency powering the decentralized lending protocol Moremoney, which facilitates open interest-free collateralized debt positions (CDP) using liquidity pool tokens, interest-bearing tokens, and other major cryptocurrencies as collateral.
The token allows users to convert base cryptocurrencies like ETH, AVAX, and USDT into interest-bearing tokens, which generate yield that is added to collateral assets. Since Moremoney is a relatively new platform, it has yet to garner much attention. This is reflected in the MORE token’s price performance and low trading volume.
All things considered, I would recommend keeping a close watch on MORE and its native protocol as Moremoney has a major role to play in the DeFi sector as very less platforms offer open interest-free collateralized debt positions.
As is the case with every cryptocurrency, MORE is also prone to the extreme price dynamics of the crypto market. Therefore, you must thoroughly research the Moremoney project to understand its benefits and risks before making any investment decisions.
Read more: AGG Price Prediction 2024 – 2030, Where To Buy, Is It A Good Investment?