The crypto "rookie" MM72 to the moon at + 4000% in a single day.
May 19, 2022
A few days after the official listing, the MM72 token marks its first record performance, in sharp contrast to the entire crypto market.
Liverpool, England May 19, 2022 (Issuewire.com) - The first step in a complex long-term project concerning the securitization of Non Performing Tokens (or "junk coins"), MM72 is a BEP-20 token mined on Binance Smart Chain that has given dream performances a few days after its official listing which took place last Saturday 14 May.
After an initial enthusiasm that saw its market cap jump to over 700 million dollars within minutes of its listing, the MM72 token seemed destined to be slowly digested by crypto investors, marking a loss of over 90% of its initial value on the same day. Evidently, the "downside" factor was also a useful element to stimulate the vision of the most far-sighted crypto investors, so much so that since its listing there has been a constant increase in the volumes transacted, reaching in a few days to exceed $ 50K of daily trading.
A trend that has been confirmed until today, May 18, 2022, a date that the MM72 team will probably note in the register of its records, or the first day in which the volume of transactions touched almost 100k. But above all, the date on which some lucky investor, with a fistful of dollars, gave himself a record return of several hundred thousand dollars, thanks to a performance of over 4000% on the same day.
"We must say that we did not expect such interest from the crypto community," says one of the creators of the MM72 project and part of the GoDigitally Ltd team that coordinates the entire operation. "We are extremely grateful to our team for the dedicated work and to all our investors that believed in our project that will revolutionize the market for Non-Performing Tokens (NPTs). We listed MM72 on Saturday and we knew that the market would require some time to adjust and provide a proper price discovery process for our project. Additionally, it didn't help that our listing was in the middle of a mayehm for crypto markets, but in the current day, we finally started seeing significant volume from investors and the market price for MM72 increased by more than 1,000%. Today's result is even more extraordinary in light of the current market conditions, with Bitcoin losing almost 6% and Ether losing around 15%. We believe that the true value for MM72 is yet to be discovered, as our project provides order and heal to holders that unfortunately invested in NPTs, a real issue for the crypto market that sadly is only at the beginning, but with MM72 we will fix it".
Source :GO DIGITALLY LTD
This article was originally published by IssueWire. Read the original article here.
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