2 months ago
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Donald Trump’s World Liberty Financial has included Movement ($MOVE) in its crypto holdings, purchasing over $1.8 million worth of the token on Tuesday.
Unconfirmed reports also suggest Elon Musk is exploring integrating the Movement blockchain into his Department of Government Efficiency.
The back-to-back positive news resulted in a 25% surge in the MOVE price before a pullback.
Sidelined investors are now faced with a major question — with the President of the United States’s company stacking this US-based crypto asset, should they too?
MOVE crypto price predictions from experts reveal an excellent entry point for interested buyers and the key S/R levels to watch out for.
Why Did The Movement Price Rally Today?
World Liberty Financial’s near $2 million purchase of the Movement coin has made it a significantly more attractive investment for the highly-anticipated altseason.
At the very least, it significantly reduces the odds of US-based enforcement agencies like the SEC bringing any regulatory action against Movement Labs.
Moreover, it gives credence to unconfirmed reports that the Trump administration could back US-based crypto assets.
For instance, the New York Post reported Trump is considering a crypto strategic reserve, which would include US-based cryptocurrencies like XRP and Solana. Now, $MOVE could join the list. Reports also suggest that Eric Trump has hinted at the possibility of an America-first tax plan — introducing a 0% capital gains tax on US-based crypto assets while imposing a 30% tax on others.
Elon Musk is reportedly in talks with the Movement team to tap its blockchain services for the Department of Government Efficiency, another positive development that has put the Layer-2 token in the spotlight.
With the Movement developer mainnet also going live on Tuesday, it is no surprise $MOVE surged by 25%, with over a 100% spike in its trading volume.
MOVE Crypto Price Prediction — Should You Buy?
MOVE crypto price predictions from experts highlight that it has breached its multi-week descending trendline.
This breakout is typically extremely bullish for altcoins, though MOVE could re-test the trendline again. A successful bounce-back would then present an excellent buying opportunity for sidelined investors.
The $0.90 – $0.95 range is now a key resistance zone for the token, which would pave the way for a move to $1.14 and subsequently to $2.
All eyes are now on World Liberty Financial’s portfolio. If the company’s previous buying pattern is any indication, additional $MOVE purchases could be coming down the pipeline, which would further cement it as one of the best cryptos to buy now.
Solana Layer-2 Token Solaxy Also In High Demand
Movement isn’t the only Layer-2 network making news today.
The first prominent Solana Layer-2 token Solaxy (SOLX) continues to impress investors with its presale performance.
Despite its meme coin packaging, the project employs cutting-edge rollup architecture at its core, designed to tackle Solana’s network congestion and scalability issues.
Despite its branding, the Solana network has struggled with failed transactions, long wait times and blockchain outages during periods of heavy traffic. The blockchain’s scalability issues were brought to light once again following Donald Trump’s official meme coin launch.
Unsurprisingly, experts are viewing Solaxy as a potential game-changer. The Layer-2 chain will batch SOL transactions, process them off-chain and publish the state change on the mainnet. The architecture promises zero Solana downtime, “infinite” scalability and fast and cheap transactions on both chains.
Considering its ambitious goals, it is no surprise experts view Solaxy as undervalued during its presale. Several prominent traders are now even mentioning the possibility of 100x gains.
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