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Mdex

MDX

Rank #689

$0.04723

+39.48%
24H Low$0.05254
$0.0764324H High
24H Volume
$6.78 M
All-Time High(ATH)
$10.06
All-Time Low(ATL)
$0.03919
Market Cap
$72.06 M
Fully Diluted Valuation
$80.39 M
Market Cap/FDV
89.65%
Circulating Supply
950.25 M MDX
Total Supply
1.06 B MDX
Max Supply
1.06 B MDX
Market Sentiment
Positive
* Data from 3rd parties

Mdex (MDX) Price Trends

Time period
Change amount
% Change
1H
$-0.00008501
-0.18%
24H
$+0.01865
+39.48%
7D
$+0.004699
+9.95%
30D
$+0.01610
+34.09%
1Y
$+0.001204
+2.55%

Credibility Indicators

84.78

Reliability Score

Rank #1

# 308

Percentile

TOP 5%

Live Mdex (MDX) Price Update

Mdex price today is $0.04723 with a 24-hour trading volume of $6.78 M, and as such Mdex has a market cap of $72.06 M, giving it a market dominance of 0.0017%. The Mdex price moved 39.48% in the last 24 hours.

Mdex reached its highest price on 2021-02-22 when it was trading at its all-time high of $10.06, while its lowest price was recorded on 2024-01-27 when it was trading at its all-time low of $0.03919. The current lowest price since the last cycle high was $0.03919, and the highest price since the last cycle low was $10.06. The social sentiment of Mdex is currently Positive.

The current circulating supply of Mdex is $950.25 M MDX. In terms of market cap, Mdex is currently ranked 689.

About Mdex (MDX)

MDEX is a new decentralized trading protocol that launched in January 2021. MDEX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain , which gives it access to the liquidity of the Ethereum ecosystem. A trading platform built on top of HECO, MDEX has an estimated cost for token swaps at $0.001 for each trade, with a transaction speed of three seconds.

FAQs

1. What determines the price movement of Mdex?

There are two schools of thought in determining the price of Mdex.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Mdex, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Mdex from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Mdex on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Mdex as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Mdex and the cryptocurrency market as a whole.

Mdex Tokenomics

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Mdex Analysis

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