Cryptocurrency is skyrocketing! This coin has increased by 500% in 3 days and is taking off!
Brothers, this market has completely exploded! $MYX 3 has soared from 0.116 to 0.79 in just 3 days, a surge of 500%, with a market cap of 660 million entering the top 150, and historical highs are being trampled!
Why is it so intense? Institutional locking and crazy coin burning combined with ecological hype! Large institutions are locking hundreds of thousands of MYX as nodes, and all the profits are used to buy and burn coins, with over 500,000 coins burned yesterday; retail investors are locking with an annualized rate of 15-20%, and the circulating supply is decreasing. Plus, with BNB Chain providing funds, Solana cross-chain expectations, and the countdown to the airdrop on August 9, funds are flooding in!
But be careful of a crash, the 24-hour turnover rate is 150%, and the circulation rate is only 9.43%, with the chips held by a few people, it could drop at any moment. RSI is close to 100, a short-term pullback is inevitable, the key is whether 0.58-0.6 can hold. In addition, the dYdX V4 is about to go live, intensifying competition; compared to the TVL, the market cap seems a bit inflated.
In terms of operations, sell 70% to lock in profits if the cost is below 0.3, and keep some for the airdrop; if you want to buy the dip, wait for 0.58-0.6 to stabilize before entering, if it drops below, wait for 0.45. Focus on the coin burning data after the airdrop on August 9 and the movements of large holders. In the medium to long term, if more than 800,000 coins are burned daily, aim for 1, but it depends on the technical deployment and the amount locked by institutions.
The price relies entirely on FOMO sentiment and burning money, unrelated to fundamentals. Check the on-chain data on Coingecko, don't chase high prices, and cut losses when necessary!
The next wave of hundredfold opportunities is coming! Sister Rong has already organized a strong coin bottom-fishing strategy, which will be made public soon. If you want to catch this wave, come directly!
