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-0.06% | -0.32% | -3.37% | -6.64% | -1.19% | 16.33% |
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Price has decreased by -4.59% in the last 1 year.
MX Token is currently trading -1.64% below the 200-Day SMA which is $3.45.
The 14-Day Relative Strength Index (RSI) is at 45.17 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways.
The number of green days in the last 30 days is 13 which is 44%.
Over 9.50% of the total supply is in circulation.
Has high liquidity with 0.15567 volume to market cap ratio. The current market cap is $322.62M while the 24-hour volume is $50.22M
Year | Q1 | Q2 | Q3 | Q4 | Total |
---|---|---|---|---|---|
2019 | - | 171.56% | -57.38% | -35.69% | -25.57% |
2020 | -1.75% | 50.35% | 1.52% | 6.77% | 60.13% |
2021 | 335.20% | -6.25% | 81.89% | 114.85% | 1494.41% |
2022 | 13.52% | -47.04% | -28.87% | -12.65% | -62.65% |
2023 | 142.00% | 36.69% | -14.15% | 20.32% | 241.70% |
2024 | 53.92% | 0.80% | -21.31% | 3.31% | 26.12% |
Average | 108.58% | 6.91% | -7.66% | 19.38% | 346.83% |
MX TOKEN (MX) is the decentralized cryptocurrency based on Ethereum Blockchain. It is a native digital token of MEXC platform. This platform was launched to enable secure and transparent exchange of data. It is among the top crypto assets trading platforms. It enables spot, ETF, leverage, and contract trading. The work of this token is to perform various tasks like transactions and incentives within its ecosystem. In this article we will learn about this coin's origin. We will also make you aware of the unique factors that make it unique. Moreover, we will run you through the process that will help you buy this digital currency easily. Lastly, we will dig into details of how it is fairing currently and what are its prospects of future growth.
In 2018 a team of founders came together. They consisted of the following:
The above three people launched this MXC Exchange. Then in the year 2019 its native token was released. In the year 2021 the exchange was relaunched as MEXC under the leadership of John Chen the current CEO of the platform. The work of this token is to fuel its network. Its focus is to enable the token holders to have access to the unique features and advantages of the platform. Moreover it even gives power to holders to vote on important proposals and participate in the network's decision-making processes.
This is a decentralized ERC-20 token. It works for the growth and development of its network and incentivizes token holders to take part in the network's governance and development. It has some unique features and potential use cases that makes this token so unique. Read on because we have discussed them in this content piece.
Being an ERC-20 token this digital currency has some unique features which helps it to differentiate itself from other digital coins in the cryptoworld. They are as follows:
It is the utility token of its network. It performs some special works within its ecosystem. This token can be used to pay transaction fees, to have access to the network's features and to participate in the network's decision-making process.
This digital currency is used to incentivize its users to take active participation in the network's governance. Users are rewarded for data sharing, network governance or for playing their part in the development of the ecosystem.
This cryptocurrency enables its holders to take active part in the network's governance. The holders can cast votes on certain proposals and take decisions regarding the development of the platform.
Being an ERC-20 token it works on Ethereum blockchain and uses its technologies. Below mentioned are some of the robust features of this coin that helps it to be a secure crypto currency:
This coin works on the Ethereum blockchain. This decentralized blockchain helps it to eliminate intermediaries and guarantee that data is distributed across the network of nodes. This helps to avoid malicious activities.
This network uses Proof-of-Stake consensus mechanism for staking and processing transactions. This mechanism enables the creation of new blocks in a blockchain.
This network supports smart contracts that automatically create and enforce the rules within the network. It is used for its automation and transparency.
Apart from its strong technology, this network performs security audits conducted by third party firms. This audit is done to identify and address useful vulnerabilities in the network's code and infrastructure. Thus, it helps the network against any kind of threat.
This coin can be directly bought from its exchange or acquired by following the below mentioned easy steps.
Firstly, search for and download a cryptocurrency wallet that supports this token.
Set up your wallet by following the onscreen guidelines. Buy ETH as your base currency for exchange.
Choose a reliable cryptocurrency exchange like Huobi, Bybit, Jubi, ZT etc that supports this token.
Create Your account on that exchange by finishing the mandatory verification process.
Search for this coin on that exchange and place purchase orders by exchanging ETH.
When your coins get deposited into your account, transfer them into secured wallets.
There are certain common risks and challenges involved with every cryptocurrency in the ecosystem. Below are some of such risks for reference purposes.
Cryptocurrencies are a new concept in the financial market. They do not have any links with centralized financial institutions like banks. Moreover, the price of cryptocurrencies keeps fluctuating. These are the factors that make it a risky investment and thus lack the trust of investors.
Every cryptocurrency in the ecosystem is highly volatile. The prices of cryptocurrencies keep fluctuating on a constant basis. This continued price change makes it difficult for investors to make any investment decisions.
There are many crypto coins that come into the crypto world on a regular interval. Moreover, there are so many vintage coins that have a firm position. They are always in competition with each other within the ecosystem. The features and advantages provided by them are also almost the same. Due to this reason, they have to constantly bring something new to the table to become unique and attract users.
Conclusion
This token was launched to provide security and transparency. It has some of the best features that help it gain a good amount of traction. It has a strong technological foundation that makes this coin's network secure. Every cryptocurrency has some risks, so it is advisable to conduct proper research on the risks and challenges involved with this coin. Lastly, this network is a community-driven network and allows its holders to take part in the network's governance, which helps it gain widespread adoption. The above discussed aspects make this digital currency a good investment.
The current price of the MX Token(MX) is $3.40, with a current market cap $322,624,480.68.
The maximum supply of the MX Token(MX) is around 1B.
MX is a ticker symbol of the MX Token.
At the movement,94.95M MX Token tokens are already in the market out of 418.39M MX.
There are many options for buying crypto, and MX Token can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy MX Token. It's a quick, easy, and secure way to buy MX Token(MX).
No, It is not a stablecoin.
MX Token had an all-time low of $0.0420.
MX Token had an all-time high of $5.85.
The current MX Token price is $3.40. In the last 24 hours, MX Token price has gone up by -0.32%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future MX Token price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired MX Token at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging MX against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, MX Token can be earned or received in various ways. MX considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the MX, including MX to PHP, MX to INR, MX to NGN, MX to THB, MX to CAD, MX to PKR, MX to IDR , MX to EUR , MX to AUD , MX to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 MX is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like MX to BTC, MX to MYSTERY, MX to LTC, MX to XRP, MX to SUI, MX to APT, MX to TST, MX to BNB, MX to GNO, MX to HYPE .
MX Token price today is $3.40 USD, which is Down by -0.32% over the last 24 hours. There has been an hourly Dip by -0.06%. MX Token's market cap currently sits at $322,624,480.68 USD, holding up for a market cap rank at #155. The volume were at $50,223,064.94 USD MX Token ranks no 155 in the market capitalization of MX Token is at $322,624,480.68 and its volume for 24 hours is $50,223,064.94. MX Token are under circulation, with total supply of 418.39M and the Maximum supply of 1B.
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MX Price | $3.40 |
Percentage Change ( 24h ) | ▼0.32% $0.12 |
24h High / Low | $3.45 / $3.34 |
Trading Volume 24h | $50,223,064.94 |
Volume / Market Cap | 0.15567 |
Market Dominance | 0.01% |
Market Rank | 155 |
Market Cap | $322,624,480.68 |
Fully Diluted Market Cap | $3,397,680,412.17 |
All Time High | $5.85 ▼41.91% |
All Time Low | $0.0420 ▲7984.33% |
Circulating Supply | 94,954,334 MX |
Total Supply | 418,391,834 MX |
Max Supply | 1,000,000,000 MX |