Why did MYX go up today? KEY POINTS TO CONSIDER#BNB
According to a recent analysis, the price of MYX Finance increased significantly in the last 24 hours. This is due to several key factors:
1. Speculation about the V2 upgrade
A V2 upgrade is anticipated, which would offer slippage-free execution and cross-chain compatibility, driving speculative purchases 🎯.
2. Recovery after previous unlocks
After a 58% drop on August 6 due to a token unlock, large investors accumulated in the range of $1.50–1.80, pushing the price recovery.
3. High volume in derivatives
The MYX derivatives platform processed over 9 billion dollars in monthly volume, reinforcing its utility and real demand.
4. Listing on major exchanges and FOMO
Its listing on prominent exchanges, such as “Binance Alpha,” increased visibility. Additionally, trading volume saw a sharp rise (over 146%) and short positions worth more than $10 million were liquidated, generating buying pressure and FOMO effects (fear of missing out).
5. Speculation and technical signals
Traders also reacted to technical patterns like symmetrical triangle breakouts, generating algorithmic purchases, although some experts warn about possible signs of manipulation or market overheating.
