What is MYX Finance and why is its price rising so drastically?

Bittime - MYX Finance (MYX) is in the spotlightcrypto marketAfter its token price surged 135% in just one day, breaking through a level of $3.69, unseen in months, this phenomenon has many investors asking:What is MYX Finance and why did the price of MYX rise so sharply?

This article will delve deeper into the MYX Finance project, the factors driving its price surge, and future predictions.

What is MYX Finance?

MYX Finance is a protocolDeFiwhich focuses on trading crypto assets with innovative features. The project is known for its plans to releaseV2 Protocol Upgrade, which presents:

• Zero-slippage tradingfor more efficient transactions.

• Cross-chain supportwhich expands cross-network access.

• Smoother user experienceto support adoption growth.

With this upgrade, MYX has the potential to become a strong competitor in the realmdecentralized exchanges (DEX).

READ ALSO: Why Is MYX Finance Price Rising Today? Latest MYX Price Prediction

Why Did MYX Price Rise Today?

There are several main factors behind the surge in MYX Finance price:

• Anticipating the V2 Protocol Upgrade
  Investors have high expectations for the launch of V2, which is believed to increase MYX's utility and competitiveness.

• Trade Volume Surge
  In the last 24 hours,trading volumeMYX reached $354 million, a 710% jump. This demonstrates strong market interest.

• Short Liquidation and the FOMO Effect
  Data shows short liquidations reached $14.63 million, with $11 million of that coming from short positions. This created additional buying pressure and triggered a rally.FOMO (fear of missing out).

• Whale and Big Investor Action
  Several large wallets have started to increase their MYX holdings ahead of the V2 upgrade, sending a bullish signal to retail investors.

MYX Finance Price Prediction

Looking at the existing trends, some analysts predict:

• Short-term:The price could break through the $4 level if the upgrade hype continues.

• Medium Term:Stable in the $3.5–$4 range with a possible technical correction.

• Long Term:If V2 is successful in increasing adoption, MYX could potentially target the psychological level of $5 or more.

READ ALSO: Today's Gold Price, September 9, 2025: Antam, Pegadaian, PAXG & XAUT

Conclusion

MYX Finance isn't just another DeFi token, but a promising project with innovation through its V2 upgrade. Today's 135% price surge reflects a combination of market expectations, high trading volume, and buying pressure from short liquidations.

With the existing momentum, MYX still has the potential to continue its positive trend, although investors still need to pay attention to the risk of volatility.

How to Buy Crypto on Bittime

Want to trade sell buy BitcoinsLooking for easy crypto investing? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is secure and fast.

Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately purchase your favorite digital assets!

Check the course BTC to IDR, ETH to IDR, SOL to IDRand other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visitBittime Blogto get various interesting updates and educational information about the world of crypto. Find trusted articles on Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is MYX Finance?

MYX Finance is a DeFi protocol with a focus on efficient crypto trading, currently preparing to launch its V2 upgrade.

Why is the price of MYX going up today?

The price surged 135% due to the V2 upgrade, surge in volume, and short liquidations.

What is the current price of MYX?

MYX is trading around $3.69 after a sharp rise.

Can MYX continue to rise?

There is potential towards $4–$5 if the V2 upgrade is successful, but the risk of a correction remains.

Is MYX suitable for long-term investment?

It depends on the success of V2 adoption and future DeFi market trends.