Question 1

What determines the price movement of MX (MX)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like MX.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of MX, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of MX. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of MX on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of MX. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for MX and the broader cryptocurrency market.

Question 2

What is the highest price of MX price in history?

Accepted Answer

MX achieved the all-time high of 5.85 in 2024-04-09, and is currently trading at 2.33.

Question 3

What is the lowest price of MX price in history?

Accepted Answer

MX reached its all-time low of  0.04218457 on 2019-11-25.

Question 4

What is the current market cap of MX?

Accepted Answer

The current market cap of MX is  219744243.22, as 94310834 MX is trading at the price of 2.33.

Question 5

How many MX are there in the market?

Accepted Answer

There are currently 94310834 MX circulating in the market. These MX can be actively traded or used in the open market.

Question 6

What is the maximum supply of MX?

Accepted Answer

The maximum supply of MX is ∞ , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of MX?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of MX is 969712993.220. The FDV is calculated taking the assumption that all supply of MX is circulation, multiplied by its current price of  2.33.

Question 8

What is the price prediction of MX ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>MX price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is MX a good investment?

Accepted Answer

MX offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that MX and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in MX.

Question 10

How to buy MX?

Accepted Answer

You can buy MX via Gate by following the steps on <0>how to buy MX once you have funded your account.

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