$MAVIA Jia Jie discusses several factors behind the decline of this currency.
First, the entire cryptocurrency market, especially the gaming and metaverse sectors, is weak, leading to increased pressure on capital outflows.
Secondly, the MAVIA project's popularity has declined, with reduced player activity and community participation affecting market attention and capital inflows.
In addition, decreased trading volume and liquidity make prices more susceptible to large sell-offs. Meanwhile, competition among similar metaverse and gaming tokens is fierce, diverting users and funds and further weakening MAVIA's market performance.
Finally, some early investors choose to take profits, increasing selling pressure. Overall, MAVIA's decline is the result of multiple factors including market environment, project activity, liquidity, and competitive pressure, and in the short term, attention must be paid to market sentiment and project dynamics.
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