Myx Finance increased by more than 200% in just one day, as the trading volume was a $ 64 million hit.
Summary
- MYX finance increased over 200% among speculative trade
- The trading volume rose to $ 64.76m, and its market cap increased to $ 43.22m
- Still, Rali is showing signs of delicateness
Despite the relatively modest performance today by major crypto assets, small altcoins can still show major benefits. On Monday, August 4, Myx Finance (Myx), a decentralized exchange token, after increasing more than 200% in a single day, reached an all-time high level of $ 0.3664. Thanks to Rali, the market cap of the token reached $ 49 million.
Despite no rectangle updates from Rali protocol, no big listing news. Instead, it seems that the speculative was operated by investment that fed itself. Buying had a significant impact on the price tokens due to its market cap.
Can Myx Raly Catch?
MYX shows a mixed picture between technical procurement and overbott area. The relative power index increased by 85.821 points, indicating that the token could be overbott. At the same -21.257, Williams goes to %R and at 70.25, the ultimate osterator, which indicates everyone as a strong mentor, but suggests the RISCS of a pullback.
Nevertheless, the long -term performance of Myx Crypto will probably depend on its basic principles as a utility for its exchange. MexC was the fastest growing derivative protocol in 2024 for Myx Finance, some saw it as the main comment for hyperlicid (hyp).
Myx Finance is a decentralized always derivatives exchange, supported by Seawia China, Hashi Capital and Consider. The platform is operated in several exchanges, including Linea, BNB chains, arbitrums and OPBNB.
Some of its features include enabling up to 50 × leverage, and the platform advertises zero slippeases, thanks to its matching pool system. At the same time, platform enables users to maintain custody on their funds.