Maha has recently broken out of it's long downtrend, rejecting off the 200ema to find support on the 0.618 retrace. Potential wave 3 starting soon to take us to the 1.618 extension that has confluence with the ATH>ATL 0.38 retrace.
With this, MahaDao is launching a significant product on the 15th this month - 'Maha Vaults', this will allow for under-collateralized interest free loans to push create strong demand and volume. In addition, the governance token passed a vote today that creates massive incentives to lock supply up through use of "SuperMaha". They appear to be following a similar model as Curve and Frax.
Only 1.8m circulating supply
under 10m Mcap
I think both FA and TA create a very low risk and high reward profile for this project. Definitely one you will be hearing a lot about very soon.
With this, MahaDao is launching a significant product on the 15th this month - 'Maha Vaults', this will allow for under-collateralized interest free loans to push create strong demand and volume. In addition, the governance token passed a vote today that creates massive incentives to lock supply up through use of "SuperMaha". They appear to be following a similar model as Curve and Frax.
Only 1.8m circulating supply
under 10m Mcap
I think both FA and TA create a very low risk and high reward profile for this project. Definitely one you will be hearing a lot about very soon.