Why Is MYX Rising Today? Check Out Its Price Prediction!

Bittime - Harga MYX Finance (MYX) rose significantly today. After plummeting by almost half its value in the past week, MYX's price is now up more than 11% in the past 24 hours, as of writing.

This surge has sparked curiosity among many traders, asking why MYX is rising today, and can this trend continue?

MYX itself is known as one of the rising DeFi projects thanks to its innovations in the decentralized derivatives trading sector.

However, behind today's price increase, there are a number of interesting technical and fundamental factors worth understanding. Let's dive deeper!

What is MYX Finance (MYX)?

MYX Finance is a decentralized derivatives trading platform (DEX) that allows users to trade perpetual contracts with up to 50x leverage across multiple blockchain networks.

MYX's main advantage lies in its Matching Pool Mechanism (MPM) technology, a system that balances long and short positions so that large trades can be executed without slippage or price shifts.

In this way, MYX offers efficiency similar to centralized exchanges, while maintaining the security and transparency of a blockchain system.

Additionally, the $MYX token has several interesting benefits:

• Token holders get a transaction fee discount of up to 70%.

• This token also gives voting rights in platform decision-making.

• Users can lock (staking) MYX to earn returns from trading fees on the platform.

Simply put, MYX Finance seeks to combine the speed and convenience of centralized exchanges with the security of decentralized systems.

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MYX Price Analysis

MYX's price plummeted by nearly 65% ​​over the past month, but it is now showing signs of recovery. In the past 24 hours, MYX has risen by around 11.7% and is trading around $5.43.

Although market sentiment remains neutral, the Fear & Greed index. The figure shows 70 (Greed), indicating market participants are starting to become optimistic. Over the past 30 days, the MYX recorded 40% of its trading days in the red, with a volatility level of 31%.

This condition indicates that market interest in MYX is still high, even though the price is quite fluctuating.

Why Did MYX Price Rise Today?

Today's MYX price increase is influenced by a combination of technical factors and market sentiment. Here are some of the main causes:

1. Altcoin Season Begins
   The capital rotation from Bitcoin to altcoins has brought new funding to tokens like MYX. The Altcoin Season Index is showing a reading above 60, indicating increased interest in higher-risk tokens, including MYX.

2. Rebound from Oversold Conditions
   The MYX RSI indicator briefly touched 29, indicating oversold conditions. Technically, this often triggers short-term buying by traders, driving prices up.

3. Post-Airdrop Speculation and Version 2 (V2) Update
   Despite being affected by issues surrounding token airdrop distribution, the launch of the MYX V2 upgrade, scheduled for late 2025, has recaptured community attention. This version promises cross-chain margin features and support for more non-EVM blockchains.

A combination of technical factors, altcoin market momentum, and expectations for an update are driving MYX's price rise today.

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MYX Finance (MYX) Price Prediction 2025–2030

The price of MYX is expected to fluctuate over the next few years. Based on technical analysis and market projections, here is the MYX Finance price prediction through 2030.

MYX Finance (MYX) Price Prediction 2025

2025 is expected to continue to be a period of adjustment for MYX. The price is likely to range between $3.40 and $4.85, with an average of around $3.86.

Although it tends to weaken compared to the current price, the opportunity for a rebound remains open if the V2 upgrade succeeds in attracting more users.

MYX Finance (MYX) Price Prediction 2026

In 2026, MYX has the potential to experience a major resurgence. The price is predicted to reach $13.19, with an annual average of around $6.59. This growth will be driven by increased trading volume and the adoption of cross-chain features.

MYX Finance (MYX) Price Prediction 2027

2027 is expected to be a period of stabilization, with an average price of around $6.90. The highest price is predicted to reach $8.86, while the lowest is around $4.58. This increase indicates that the market is starting to trust the project's fundamentals.

MYX Finance (MYX) Price Prediction 2028

After a strong rally in the previous year, MYX may experience a slight correction in 2028. The price is expected to range between $4.73 and $6.83, with an average of around $5.10. This still reflects stability amidst the volatility of the global crypto market.

MYX Finance (MYX) Price Prediction 2029

2029 has the potential to bring back bullish momentum. MYX is expected to reach its average price$7,38, with the highest potential around$9,76The growth of the decentralized derivatives ecosystem could be a key driver of this growth.

MYX Finance (MYX) Price Prediction 2030

Entering 2030, MYX Finance is expected to experience significant growth. Prices could reach$20,21, with an annual average$12,79. 

If innovation continues and global adoption increases, MYX has the potential to become one of the most promising DeFi assets of the decade.

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Conclusion

MYX's rise today reflects a combination of positive market sentiment, improving technical conditions, and optimism about the future development of the MYX Finance project.

Despite being hit by issues and sharp corrections, this project still has interesting long-term prospects, especially if the V2 update is successful.

However, like all crypto assets, volatility risk remains high. For those of you looking to invest, be sure to conduct thorough research before purchasing MYX or any other crypto asset.

How to Buy Crypto on Bittime

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Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

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

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is MYX Finance?

MYX Financeis a decentralized perpetual derivatives exchange (Perp DEX). The platform is designed to offer trading without slippage And institutional level liquiditythrough innovative mechanisms (Matching Pool Mechanism - MPM).

Where can I buy MYX Finance?

MYX tokens can be purchased and traded oncentralized crypto exchange (centralized crypto exchanges).

How much is MYX crypto worth?

Price live MYX Finance today is $5.49 USD. This token is on the level #79by market capitalizationliveas big as$1.13 Billion USDThe token's price is currently down 11.54% in the last 24 hours.

What is the price prediction for MYX token?

Average priceMYXis expected to reach$8.61 in 2027The highest predicted price was $11.21 in March and the lowest was $5.59 in December of that year.

Who is the founder of MYX coin?

The founder of MYX Finance isMark Zhang. He stated that MYX was built to provide a smooth and transparent market experience to everyone trader.