A token called MYX has increased nearly threefold in 10 days. Why is it acting so strangely? Let me clarify the history of this coin for everyone.
In December 2023, the project behind BMYX was released, with minting costs of 50 US dollars. After the launch, it plummeted by 80%, and after liquidity was withdrawn, daily trading volume was only 24 US dollars.
The CEO has promised compensation, calming some anger.
But it is well known that the network has no memory.
Compared to other coins, this one is relatively healthy. The collapses of ZKJ and Koge are well-known. It's better to avoid high market cap coins, with a current market value of 20 million and a liquid market value of 3.8 million. Alpha trading this coin is also relatively safe, with low wear testing.
This coin has a relatively low market value and still has great potential. Those involved in contracts and spot trading can wait for a pullback to take some. I believe it will reach new highs, as it trends upwards from any perspective, with low market value and a decent market sector.
MYX Finance was established in 2023 as a decentralized derivatives trading platform supporting multiple chains (including Linea, Arbitrum, BNB Chain, with plans to expand to Solana in the future), aiming to provide an efficient and low-cost perpetual contract trading experience.
Its core features include:
Zero Slippage Trading: Provides a slippage-free trading experience through an innovative Matching Pool Mechanism (MPM) and Peer-to-Peer Pool2Pool (P2Pool2P) model.
High Leverage: Supports leverage trading up to 50 times, using USDC as collateral.
Low Fees: Reduced trading costs, no need to pay borrowing fees for positions.
Multi-Chain Support: Through Particle Network's universal account, cross-chain transactions are supported. Users can create accounts via email, Google accounts, etc., simplifying the process.
Risk Management: Mechanisms such as Automated Deleveraging and Dynamic Position Limits are used to reduce asset loss risks.