MGP (Magpie) is currently trading around $0.0023 - $0.0024. Market cap is only ~1.35 million. Volume is very low, so the volatility is a bit high. Still about 99% below ATH. Not bad as a project — you can get rewards by boosting yield on BNB Chain, locking vlMGP. But now the market is silent, movement is low without any major catalyst.
My take: It can move sideways in the short term. If DeFi heats up again in the long term, then 2-5x is possible. But the risk is high. Those who are holding, be patient. If you want to take new entries, do DCA in small amounts, and keep stops.
What do you think about MGP? Tell us in the comments.👇