$MYX Finance is making serious attention within the crypto community following a dramatic spike in the price of its token. It first traded in May 2025 at a listing price of $0.096. It experienced little or no action for months and was even referred to as dormant until the end of July. A turnaround occurred in August, from where the coin spiked by virtually 800% in one month. Recently, within a day, it climbed from $10.94 to $14.60, achieving a 33% gain. It is currently at $14.60 with a market cap of $2.87 billion and a 24-hour trading volume of $262.81 million. Although it has not yet crossed its all-time high of $19.01, investor demand is increasing aggressively.
Source: CoinMarketCap
The biggest question now is: Why MYX Finance is up today?
Why MYX Finance is Up Today: Top Reasons
Some reasons are behind the recent price surge in the Coin:
MYX Finance V2 Upgrade: The next V2 upgrade in the latter part of 2025 brings non-EVM chain support and zero-slippage perpetual trading. The upgrade can directly compete against exchange platforms such as Hyperliquid. Before the release of this event, the protocol had reached $9 billion in a month's trading volume. Although no schedule has been provided for the upgrade, the announcement already makes investors sit up and take notice.
MYX Exchange Listings and Growth: The exchange has $81.37 million value locked, supports 177.99K traders, and has reached $98.07 billion in total traded volume. It recently onboarded a number of major tokens, such as Linea token on the 15th of September and RHEA Coin on the 12th of September. Additionally, it was at the top of Binance Alpha's best-performing airdrops/TGEs list on September 10 which boosted investors' confidence towards it.
Source: X
FOMC Meeting and Fed Rate Cut: Aside from MYX news, world events are also influencing the token including the Fed Rate Cut meeting which will begin in a few hours. A 96.0% probability of a 25 bps cut and a 4.0% probability of a 50 bps cut is expected, as per FedWatch Tool. Any rate cut is bullish for the cryptocurrency market as it boosts investor risk appetite and liquidity.
Source: FedWatch Tool
MYX Coin Price Prediction: Will It Reach $50?
The chart shows a clear Fibonacci retracement structure with the price recently bouncing strongly near $10.00 support level (0.50 retracement).
Source: TradingView
Currently, It trades around $14.63, below the 0.786 retracement ($14.91), which acts as immediate resistance. A successful breakout above this zone could push the price toward $18.62 (Fib 1.0) and potentially $29.33 (Fib 1.618 extension). On the bearish side, if it fails to sustain above $14.00, it may retest $12.00 and further dip toward $9.96 (0.5 retracement). With RSI nearing overbought at 74, short-term pullbacks are likely, but if momentum continues, the coin could reach the $50 mark by Q4 2025 under current performance trends.
Failure in the downside to maintain $13.00 would take it to $11.00 and subsequently $10.00. Breaching $10.00 would eliminate the bullish breakout and indicate higher risk.
Conclusion
The V2 upgrade, new token listings, and rising sentiment in the market due to expectations of the Fed rate cut announcement are the drivers of the strong rally in the Coin. The price forecast indicates that if this bull run persists, it can reach $19, $25, and even $50 within week's time. Nevertheless, investors need to watch out for corrections because volatility is on high alert.
Disclaimer: For educational purposes only. Always do your own research before any crypto investment.
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