MVL Price Prediction 2024: MVL Launches $10 Million Fund
What's next for MVL?
Key Takeaways
- MVL has announced a $10 million ecosystem fund.
- The ride-hailing platform’s token has enjoyed some success in 2023 so far.
- Can MVL make a breakthrough?
- One MVL price prediction says the token can reach $0.0115 next year.
The MVL token is in the spotlight after launching a $10 million ecosystem fund on February 28 2024.
MVL CEO Kay Woo said: In the future, we will offer direct benefits to MVL holders based on the sustainability and stability of an actual global mobility business.”
He added: “Moving forward, we will unveil various innovative initiatives in the blockchain market by utilizing the extensive mobility data accumulated by MVL over the previous six years.”
On February 28, 2024, MVL was worth about $0.00456.
MVL did not immediately respond to a request for comment.
But what is MVL (MVL)? How does MVL work? Let’s see what we can find out, and also take a look at some of the MVL Price Predictions that were being made as of February 28, 2024.
MVL Coin Price Prediction
Let’s examine some of the MVL price predictions being made on February 28, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $0.00857 | $0.0115 | $0.033 |
| Prediction #2 | $0.0063 | $0.0086 | $0 |
| Prediction #3 | $0.004 | $0.009 | $0.0562 |
First, CoinCodex had a short-term MVL price prediction which said that the token would trade at 0.00972 on March 4 before getting to $0.01412 by March 29. The site’s technical analysis was neutral, with 18 indicators making bullish signals and 11 making bearish ones.
MVL Price Prediction for 2024
DigitalCoinPrice said that MVL would reach $0.00857 this year. CaptainAltCoin had it rise to $0.0045 in December. PricePrediction.net said MVL would trade at $0.004 in 2024.
MVL Price Prediction for 2025
Moving on, DigitalCoinPrice’s MVL price forecast would see it trade at $0.0115 in 2025. CaptainAltCoin said it would be worth $0.0086 that year. PricePrediction.net said MVL would stand at $0.009 next year.
MVL Price Prediction for 2030
Looking at a more long-term MVL price prediction, DigitalCoinPrice said MVL would be worth $0.033 in 2030. CaptainAltCoin said that the crypto would lose all its value, trading at $0 and being a de facto dead coin. PricePrediction.net said the token would be worth $0.0562 at the start of the next decade.
Google Gemini AI Price Prediction for MVL (as of February 28)
Google’s Gemini AI platform gave the following price prediction for MVL on February 28. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.
Short-term (next few months):
- MVL’s price has been volatile and seen significant fluctuations. Predicting short-term movements is challenging due to various factors influencing market sentiment, including news, regulations, and investor behavior.
Medium-term (next 1-2 years):
- Analyst predictions for MVL in 2025 vary considerably, ranging from $0.0078 to $0.0143. These variations highlight the uncertainty surrounding future price movements.
- MVL’s adoption, utility within its ecosystem, and overall market trends for cryptocurrencies will significantly impact its price.
Long-term (beyond 5 years):
- Long-term predictions are even more speculative.
- MVL’s success hinges on its ability to establish itself within the competitive cryptocurrency landscape, demonstrate real-world use cases, and gain wider adoption.
- Broader factors, like regulations and the overall health of the global economy, will also play a role in the long-term price of MVL.
It added: “It’s crucial to remember that these are just predictions, and the actual price of MVL could deviate significantly. It’s vital to conduct your own research, consider your risk tolerance, and never invest based solely on predictions before making any investment decisions.”
MVL Price History
Now, let’s examine some of the highlights and lowlights of the MVL price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a MVL price prediction.
When MVL first hit the open market in 2018, it was worth about $0.004. It hovered between there and $0.001 for much of its first three years, but things changed in early 2021. The crypto market flourished and MVL shot up to reach an all-time high of $0.07054 on April 3 that year. The token was unable to withstand the after-effects of the Great Crypto Day Crash of May 19 and it closed the year at $0.01179.
MVL struggled along with most of the rest of the crypto market in 2022. A series of market crashes saw it fall nearly 75% to a year-end figure of $0.003087.
MVL in 2023 and 2024
2023 saw MVL rise, fall, and rise again. The token rallied to above $0.005 in early April but then collapsed in the wake of the United States Security and Exchange Commission (SEC) suing the Binance and Coinbase exchanges. By June 11, it was worth just $0.002647.
There was another rally to $0.00395 on August 6 but that was followed by another decline. On August 22, MVL was worth $0.002663. It recovered to $0.003576 on November 1 and, on November 3, 2023, it was worth $0.004165.
By the end of the year, MVL was trading at $0.004703. It may have risen more than 50% over the course of the year but, during that time, the market more than doubled.
On February 28 2024, MVL was worth about $0.00456.
At that time, there were 24.3 billion MVL in circulation out of a total supply of 27.8 billion. This gave the token a market cap of around $112 million, making it the 401st-largest crypto by that metric.
Is MVL a Good Investment?
It is hard to say. While MVL does something very few other cryptos do, it is still worth pointing out that Tada is not exactly the world’s biggest taxi app. A lot will depend on whether it can expand its reach and on how well the crypto market performs as a whole.
As ever with crypto, you will need to make sure you do your research before deciding whether or not to invest in MVL.
Will MVL go up or down?
No one can tell right now. While the MVL crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in MVL?
Before you decide whether or not to invest in MVL, you will have to do your research, not only on MVL, but on other, related, coins and tokens such as The Graph (GRT) or Ethereum Name Service (ENS). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
MVL (MVL) Explained
MVL is a platform based on the Ethereum (ETH) blockchain. It aims to connect ride-hailing apps and systems to the blockchain. MVL works with the ONiON Mobility electrical vehicle manufacturing company and the TADA app – which operates in Southeast Asia – to incentivize drivers.
The platform was founded in 2018 by South Korean crypto entrepreneurs Kay Woo, Jay Han, and Sean Kim.
How MVL Works
MVL works by transferring fiat payments into MVL. These MVL tokens are then used to reward drivers, and they also pay for people to monitor ONiON’s activities.
People can also buy, sell, and trade MVL on exchanges.
Because MVL is based on Ethereum, it is a token, not a coin. You might see references to such things as an MVL coin price prediction, but these are wrong.
MVL Attention Tracker
Here is a chart for the MVL Google search volume for the past 90 days. This represents how many times the term “MVL” has been Googled over the previous 90 days.
FAQs
Will MVL reach $0.10?
It might do, but not for some time. PricePrediction.net says MVL can reach $0.10 in 2032.
Keep in mind that MVL has never traded at $0.10.
What is MVL used for?
MVL rewards drivers on the Tada ride-hailing app. People can also buy, sell, and trade it on exchanges.
Further reading
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
