The major token has been trading down over 21% despite the optimistic news of the coin getting listed for spot trading on the OKX exchange. The coin at present is at $1.12, down 21.76% as compared to the same time yesterday.
However, the coin was only launched a day prior, making it evident that investors are taking their time to pick a liking for the coin. Additionally, the listing comes at a time when OKX has been expanding its listing and products to garner a wide range of audience.
Major Gets Listed on KuCoin
Major made its trading debut on KuCoin on November 28th. The trading exchange had announced that the highly anticipated $MAJOR token—the digital asset associated with the hugely popular Telegram game Major—will formally launch on the well-known cryptocurrency exchange.
This event was a big deal for both gamers and cryptocurrency investors because it also features an amazing airdrop for active players of the Major game on Telegram.
A crypto airdrop is a marketing tactic in which a cryptocurrency exchange or blockchain project distributes free tokens to a large number of wallet addresses. Raising awareness of the initiative and promoting its adoption are the objectives of such airdrops.
A recipient might need to have a certain amount of cryptocurrency in their wallet in order to be eligible for the free gift. As an alternative, they might have to do a specific activity, such as publishing a blog post, interacting with a certain blockchain project participant, or blogging about the currency on a social media platform.
Why Is MAJOR Token Gaining Popularity?
The Telegram star-collecting game Major is a novel combination of social interaction and blockchain technology. The game contains tasks, that users complete alongside other daily activities, joining squads, and making referrals, players can earn stars.
Major has quickly gained popularity in the gaming community, with over 50 million users and a high ranking on Telegram’s list of the most popular apps.
Its position will be further cemented with the launch of the $MAJOR token, which will present investors and players with new options. Players who earn more Stars will rank higher and receive a larger portion of the $MAJOR airdrop.
Will Major Tokens See Green Trading Days In the Future?
At present, with MAJOR’s rising popularity, it is projected that the token will trade in a channel between $1.254587 and $4.56 in 2024, resulting in an average annualized price of $3.51 in 2024. Compared to the present rates, this may yield a potential return on investment of 299.75%.
Based on market indicators, the Fear & Greed Index for the coin is currently at 77 (Extreme Greed), indicating a bullish mood.
Major is expected to trade in a range between $4.35 and $4.56 towards the end of the year. This would mean that, if the average price for December is $4.46, the price of MAJOR will rise by 290.47% compared to current pricing.