Around December 17, 8.50 AM UTC, there was a small uptrend in Maple’s MPL coin, suggesting a bull run. However, today, after 24 hours, the coin is 9.06% down, making the investors skeptical again. The uptrend is believed to be a part of MPL’s planned migration to SYRUP.
This article will check the reasons for the sudden uptrend and downtrend, get into the historical chart data of the token, and analyze the market sentiment to bring an accurate long-term price prediction of MPL.
What Is Maple?
Launched in 2019, Maple is a decentralized asset lending platform built on Ethereum. Built by former bankers, investment professionals, and finance-based developers, the platform is an industry-standard network that sanctions short-term loans to all eligible users.
The lending works through Maple’s Pools where the lenders deposit their digital assets to earn interest if borrowers land upon them by submitting collaterals. Both the lenders and borrowers should complete basic KYC to engage with the network.
Upon launch, Maple was the finest lending protocol with 24/7/365 monitoring of all the processes by its operating team. However, the competition witnessed by the lending niche of the crypto market reduced Maple’s significance. Its MPL token, which had a market cap of 236 million dollars in April 2024, has been reduced to 85 million now.
The MPL Token
| Token Ticker | $MPL |
| Chain | Ethereum ERC-20 |
| Contract Address | 0x33349b282065b0284d756f0577fb39c158f935e6 |
| Total Supply | 10 Million MPL |
| Circulating Supply | 4.41 Million MPL |
| Market Cap | $85.15 Million |
MPL token is the native asset of the ecosystem, governing the transactions and rewarding the participants. The migration from MPL to SYRUP is live, where all the holders can swap to SYRUP at a ratio of 1 MPL : 100 SYRUP.
The conclusion of the conversion will happen if every hodlers swap their MPL. However, the SYRUP token has been live since November 13. This poses the question of whether hodling MPL is still meaningful or not. SYRUP has a fully diluted market cap of 221 million, mostly accumulated from the conversion.
MPL Short-Term Price Forecast December 2024
Beyond the small pumps and dumps, the newly formed SYRUP community expects MPL to decrease its market cap soon. It is evident from the sideway movements of its chart. The token is 71.77% down from its all-time high of $68.32, which it attained on April 10, 2022.
All that being said, the trading volume of MPL is showing an increase this month, which means that it is likely to continue its run. If it shows an uptrend in the coming days, we can expect the price to reach $28 this new year.
MPL Aka SYRUP Price Prediction 2025 To 2030
Here is a long-term price prediction of MPL from 2025 to 2030. It is based on chart analysis and market research, and changes may occur if any unpredictable fluctuations occur in the whole web3 market. Always do your own research instead of blindly believing the below data.
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $ 32.60 | $ 51.86 | $ 89.98 |
| 2026 | $ 16.08 | $ 30.20 | $ 50.38 |
| 2027 | $ 17.60 | $ 20.70 | $ 35.82 |
| 2028 | $ 25.88 | $ 37.17 | $ 60.74 |
| 2029 | $ 48.14 | $ 72.52 | $ 119.86 |
| 2030 | $ 47.51 | $ 61.50 | $ 77.04 |
Where To Buy Maple’s MPL?
MPL/USDT pair is available in centralized exchanges such as Gate.io, XT.COM, LATOKEN, Ourbit, and Korbit. You can also trade it on Coinbase Exchange. If you want to purchase it through a decentralized exchange, you can visit UniSwap v3 with some WETH or USDC.
Final Thoughts: Is It A Good Investment Option?
Maple Finance has a bunch of special events coming up in Q1 2025, but it will benefit SYRUP instead of MPL. For MPL to increase its market cap, independent investors detached from Maple should gradually purchase it. According to the prediction data above, your profit will rise like a mutual fund if you invest in MPL. SYRUP is a better option for a bigger long-term profit.
The web3 finance market is highly volatile, always moving opposite direction of our predictions, and making its nature unpredictable. So, make sure you do your own extensive research and let the luck be with you!
