One day in the crypto world is equivalent to a year on Earth! MYX took off today, with a daily increase exceeding 200%, causing countless people to slap their thighs—'If only I had gotten in earlier!'
Crazy Surge, Data Speaks
Today, MYX's performance can only be described as 'Frenzy Mode', soaring to a high of 0.6007 USDT, with a 24-hour increase of over 200%. The market cap nearly approached 50 million USD, and the trading volume even exceeded 64 million USD! Such a level of explosive growth is simply a 'miracle' in a bear market; no wonder the community is in an uproar, and FOMO sentiment is at an all-time high!
Three core reasons for the explosive surge
Market sentiment + low market cap, a spark ignites
MYX's market cap was already low; with just a bit of capital entering, the price can 'rocket' upwards. Plus, with the recent market warming up, funds are starting to flow into small coins, making MYX a 'lucky one'.
V2 version launched, ecosystem upgrade
The MYX team has just officially announced the V2 version, claiming to 'redefine on-chain trading'! New features include lower slippage, higher leverage (50x), and support for cross-chain trading. This significant upgrade has ignited market expectations, with funds pouring in crazily.
Frequent actions from exchanges, liquidity explosion
Huobi has just adjusted the funding rate for the MYX perpetual contract, changing the settlement from every 4 hours to every 1 hour. This means trading is more flexible, attracting more short-term capital to enter. Coupled with support from platforms like Binance and PancakeSwap, liquidity has taken off!
Personal Opinion: Can it still rise?
In the short term, MYX has entered the overbought territory and may face some pullback pressure. However, in the medium to long term, if the V2 version can indeed bring user growth, along with institutional endorsement, 1 USD is not impossible.
In a bull market, new coins are favored over old ones. Is MYX's surge just a flash in the pan, or is it the next hundredfold miracle?
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