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Conor McGregor-Backed Crypto Token Presale Falls Short
On October 12, the project team announced a presale for the Conor McGregor-backed cryptocurrency token, aiming to raise $1 million. Unfortunately, the initiative has fallen short, securing only 39% of its target. This outcome highlights potential investor skepticism towards celebrity-endorsed crypto projects and raises concerns about their viability in the volatile market.
As per recent announcements, the new cryptocurrency venture backed by Conor McGregor aimed to raise a minimum of $1 million through a presale but managed to secure only 39% of the target. This lackluster performance has caused significant delays in the token’s scheduled launch. Market analysts suggest that poor performance reflects investor caution towards celebrity-backed ventures.
The outcome is striking, as it involves McGregor, a prominent sports figure. Recent data indicates that investor confidence is often influenced by celebrity involvement. Historical information suggests that such initiatives frequently struggle to secure sustained attention and interest, highlighting the need for robust investor assurance strategies.
“Celebrity coins like McGregor’s REAL and Trump’s are toxic for crypto. Driven by hype, they lack utility. We need utility tokens for real value and growth.” – Maragkos Petros, Founder of MetadudesX
Source: https://www.kanalcoin.com/mcgregor-backed-token-presale-shortfall/
