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About MX

MX TOKEN (MX) is a cryptocurrency launched in 2019. MX has a current supply of 426.49M with 98.37M in circulation. The last known price of MX is 4.81 USD and is -0.054136397082 over the last 24 hours. It is currently trading on active market(s) with $28.49M traded over the last 24 hours. More information can be found at https://www.mexc.com.

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MX Price Statistics
MX’s Price Today
24h Price Change
-$0.0541363970821.11%
24h Volume
$28.49M8.22%
24h Low / 24h High
$2.78 / $2.82
Volume / Market Cap
0.060202088197
Market Dominance
0.02%
Market Rank
#159
MX Market Cap
Market Cap
$473.20M
Fully Diluted Market Cap
$4.81Bn
MX Price History
7d Low / 7d High
$2.70 / $2.97
All-Time High
$3.70Dec 02, 2021
All-Time Low
$0.04205667Nov 25, 2019
MX Supply
Circulating Supply
98.37M
Total Supply
426.49M
Max Supply
1.00Bn
Updated May 16, 2024 4:28 pm
image
MX
MX TOKEN
$4.81
$0.054136397082(-1.11%)
Mkt Cap $473.20M
There's nothing here for now
Crypto Market Enters Consolidation Phase, Predicts Galaxy Digital Founder
Crypto Market Enters Consolidation Phase, Predicts Galaxy Digital Founder
According to U.Today, Mike Novogratz, the founder of Galaxy Digital Holdings, has suggested that the cryptocurrency market is currently in a consolidation phase. This phase is often seen as a period of stability following market upswings and is characterized by assets moving within a certain range, indicating a balance between buyers and sellers. Novogratz believes that this is the current phase for cryptocurrencies such as Bitcoin, Ethereum, and Solana, which have experienced significant volatility in recent months. The consolidation phase could potentially lead to the next bull run, depending on various market factors. Novogratz predicts that Bitcoin, the largest cryptocurrency by market capitalization, may remain in the $55,000 to $75,000 range for now. He stated, 'We are in the consolidation phase in crypto. Bitcoin, Ethereum, and everything else, Solana will consolidate, what does that mean? It means probably somewhere between $55,000 and $75,000 until the next set of circumstances, the next set of market events bring us higher.' The cryptocurrency market has remained static since the record bull run in the previous two quarters, which was driven by the launch of spot U.S. Bitcoin exchange-traded funds and the Bitcoin halving event. However, Bitcoin fell as confidence about the Federal Reserve's interest rate cuts faded due to consistently strong economic readings. Novogratz noted that the cryptocurrency market experienced many tailwinds in Q4 and Q1, and a cool-off may be likely in the current quarter. This could change in the next quarter if certain factors, such as a reduction in the Fed rate, come into play. In the most recent indication of the U.S. economic outlook, Fed Chairman Jerome Powell stated that the U.S. economy is functioning well and has a robust labor market. Inflation in the United States did not rise further in the first quarter. While it is uncertain if inflation will continue, Powell hinted that raising interest rates might not be the next step, but they are likely to remain steady.
May 16, 2024 4:27 pm
Dogecoin Whales Stir, Potentially Influencing Market Movement
Dogecoin Whales Stir, Potentially Influencing Market Movement
According to U.Today, Dogecoin (DOGE) whales appear to be stirring, as suggested by indicators from IntoTheBlock. This activity could potentially provide the necessary boost for DOGE, which is currently experiencing a return of buying power in the market. DOGE is trading at approximately $0.1492, showing a relatively stable consolidation pattern. The price is currently at several key moving averages, which could indicate future market movements. The 50-day EMA, acting as a resistance level around $0.1652, could signal the start of a bull market if a breakout above this level occurs. The 100-day EMA is providing support around $0.1434, suggesting that DOGE has a cushion against further declines. The 200-day EMA, at $0.1237, serves as a significant long-term support level. The Relative Strength Index (RSI) is at 46, indicating that DOGE is in a neutral zone, neither overbought nor oversold, which provides room for potential price movement in either direction. Additional insights from IntoTheBlock show a notable increase in the number of large transactions over the past month, peaking at 1.86K transactions on May 14, 2024. This surge indicates heightened activity from large holders or institutional investors. The volume of these large transactions also saw a significant spike, reaching 11.55 billion DOGE on the same day. This increase suggests substantial movement of DOGE tokens, likely reflecting strategic positioning by whales. If the increased whale activity leads to substantial buying pressure, DOGE could break above the 50-day EMA at $0.1652, targeting higher resistance levels around $0.18 and $0.20. Conversely, if the whales are offloading their holdings, DOGE could face selling pressure, leading to a test of support levels at $0.1434 (100-day EMA) and $0.1237 (200-day EMA).
May 16, 2024 4:24 pm
Top Executives Resign From OpenAI, Dogecoin Co-Founder Expresses Disappointment With ChatGPT-4o
Top Executives Resign From OpenAI, Dogecoin Co-Founder Expresses Disappointment With ChatGPT-4o
According to U.Today, a prominent figure in the Dogecoin and X teams, known as 'DogeDesigner', has sparked interest among the Grok community with his tweet about the sudden resignations of top executives from OpenAI, a main competitor of xAI. The news follows the recent resignation of OpenAI's co-founder, Ilya Sutskever, which caused a stir in the tech community. It was later revealed that another senior team member from OpenAI had also resigned. The Dogecoin founder and the community have speculated on the possible reasons behind these sudden departures. DogeDesigner posed a rhetorical question on Twitter, asking why everyone was leaving OpenAI. His query referred not only to co-founder Ilya Sutskever but also to Jan Leike, who co-led 'superalignment' at the same company. Leike announced his departure from OpenAI following Sutskever's announcement on X. The Grok community responded to DogeDesigner's tweet with various theories about the sudden resignations, with the main joking suggestion being 'because of Grok'. Billy Markus, one of the co-founders of Dogecoin, expressed his hope that Ilya Sutskever would join the xAI team after leaving OpenAI. Markus, also known as Shibetoshi Nakamoto on the X platform, has previously expressed his disappointment with the latest upgrade by OpenAI to its ChatGPT product, GPT-4o. Markus tested the updated product by asking it to create a progressively funnier meme, but was disappointed with the results, stating that none of the images made him laugh. Markus is known for his support of xAI's Grok AI and Elon Musk, the owner of the X platform, often commenting on Musk's tweets in support of the tech entrepreneur.
May 16, 2024 4:19 pm
Ripple Accused of Spreading FUD About Bitcoin and Tether, Files Motion to Seal Documents
Ripple Accused of Spreading FUD About Bitcoin and Tether, Files Motion to Seal Documents
According to U.Today, Samson Mow, head of Jan3, has accused Ripple of spreading fear, uncertainty, and doubt (FUD) about Bitcoin and Tether. This follows a confrontation between Ripple CEO Brad Garlinghouse and Tether CEO Paolo Ardoino. Mow sided with Ardoino, stating that Ripple is attempting to gain traction for their own stablecoin by spreading FUD about Tether. He also mentioned a similar incident in 2022 when Ripple paid $5 million to Greenpeace to start a campaign against Bitcoin, aiming to change BTC's proof-of-work consensus algorithm to a proof-of-stake one. In other news, Ripple has filed a motion to seal or narrowly tailor some of its documents in its ongoing legal battle with the Securities and Exchange Commission (SEC). Defense lawyer James K. Filan reported that Ripple aims to protect its business interests from 'significant harm' if these confidential documents were made public. The documents in question include highly confidential information about Ripple's earnings, revenues, expenses, and contractual agreements with third-party business partners. Ripple also wishes to protect the identities of certain nonparty financial institutions and employees. Meanwhile, James Seyffart, an ETF analyst at Bloomberg Intelligence, has suggested that the SEC's decision to deny numerous Ethereum ETF applications this May is becoming increasingly likely. Seyffart's statement comes in response to finance lawyer Scott Johnsson's claim that the SEC is considering the security question for Ethereum in its next spot ETF order. The SEC argues that since the underlying asset is a security, it was improper to offer commodity-based trust shares. This issue did not arise with Bitcoin ETFs. The SEC is expected to make its final decision about VanEck and ARK's Ethereum ETF filings on May 23 and 24, respectively.
May 16, 2024 4:18 pm

Frequently Asked Questions

  • What Is MX TOKEN (MX)?

    MX TOKEN (MX) is the native cryptocurrency token released by centralized exchange (CEX) MEXC in 2019. MX powers the MEXC ecosystem and provides its holders with access to unique functionality and other benefits of the platform. Holders have the right to vote on business decisions, team elections and gain priority participation in activities and more.

    MEXC is a crypto exchange and P2P platform that provides access to spot, margin and futures trading. The exchange offers a versatile digital asset trading service, passive investment staking, DeFi tools and more. MEXC supports buy/sell transactions using fiat through the P2P market.

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  • Who Are the Founders of MX TOKEN?

    The company was established in April 2018 registered in Seychelles.

    The exchange was co-founded by Sheen Xin Hu (CEO), Aaron Wagener (COO), and Piotr Brzezinski (CTO). Besides starting the MXC Foundation, Sheen Xin Hu is also the founder and CEO at MatchX.

    Sheen Xin Hu holds a dual master's degree in Computer Systems Networking and Telecommunications from Technische Universität Berlin, and in Network and System Administration from Université Pierre et Marie Curie. He has 10 years of tech development experience, worked at Airfy and Relayr as a hardware engineer and at ASUS as a marketing assistant. Nowadays, Sheen Xin Hu is LPWAN, Docker and Blockchain evangelist and the core developer at MXC zkEVM.

    Currently, MEXC is run by a Singaporean businessman, John Chen, who took over as CEO in 2021, the same year the MXC Exchange was officially rebranded to MEXC Global, now MEXC Official.

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  • What Makes MX TOKEN (MX) Unique?

    MX TOKEN (MX) is deflationary, MEXC uses a part of the collected trading fees to buy back and burn tokens, reducing the overall supply.

    MX enables the growth and expansion of MEXC and incentivizes token holders to contribute to the development of the ecosystem. The core products of MEXC are: Launchpad, a platform where users can invest in projects at an early stage; Kickstarter, a pre-launch event where users vote with MX to launch projects on MEXC; MX-DeFi, a mining reward program that allows users to stake MX tokens and receive rewards; M-Day, an activity that allows users to purchase newly issued digital tokens through a lottery.

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  • How Many MX TOKEN (MX) Coins Are There in Circulation?

    MX TOKEN (MX) is a crypto asset deployed on the Ethereum blockchain as an ERC-20 token.

    MX holders get exclusive access to community activities and promotions, as well as the right to participate in voting (related to business issues, project listing, team elections). In addition, MX use cases include payment of trading fees and MX DeFi mining.

    MX TOKEN (MX) has a total supply of 450,000,000 coins with 100,000,000 MX in circulation, as of June 2023.

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  • How Is the MX TOKEN Network Secured?

    MX is an ERC-20 token, it operates on the Ethereum blockchain and relies on the Proof-of-Stake (PoS) consensus mechanism.

    Additionally, MX TOKEN has been audited by SlowMist, a blockchain security firm specializing in cybersecurity audits and protection.

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  • Where Can You Buy MX TOKEN (MX)?

    The easiest way to obtain the MX token is to buy it directly on the MEXC exchange. There are also alternative options where you can purchase or trade MX, among them: Huobi, Bybit, Jubi and ZT.

    Download the CMC mobile app to track prices of MX in real-time.

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  • What is the all-time high price of MX TOKEN (MX)?

    The all-time high of MX was 3.70 USD on 2021-12-02, from which the coin is now down -29.999999999999982%. The all-time high price of MX TOKEN (MX) is 3.70. The current price of MX is down -29.999999999999982% from its all-time high.

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  • How much MX TOKEN (MX) is there in circulation?

    As of , there is currently 98.37M MX in circulation. MX has a maximum supply of 1.00Bn.

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  • What is the market cap of MX TOKEN (MX)?

    The current market cap of MX is 473.20M. It is calculated by multiplying the current supply of MX by its real-time market price of 4.81.

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  • What is the all-time low price of MX TOKEN (MX)?

    The all-time low of MX was 0.04205667 , from which the coin is now up 11336.949240156198%. The all-time low price of MX TOKEN (MX) is 0.04205667. The current price of MX is up 11336.949240156198% from its all-time low.

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  • Is MX TOKEN (MX) a good investment?

    MX TOKEN (MX) has a market capitalization of $473.20M and is ranked #159 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze MX TOKEN (MX) price trends and patterns to find the best time to purchase MX.

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