In this guide, we will voice our own and market’s opinion on MDX future while discussing Mdex price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Mdex.
Now, let’s head into it. Before we delve deep into the Mdex price prediction and answer questions if MDX is a good investment or not, why will MDX succeed or fail or why will Mdex price rise or drop, let’s quickly throw a glance at what is MDX and its to date history.
What you'll learn 👉
What is MDEX?
MDEX is the leading decentralized exchange (DEX) protocol built on the Huobi Eco-chain (HECO), Binance Smart Chain, and Ethereum. MDEX is committed to being the best option for eco-token transactions and the largest DeFi ecosystem integrating DEX, IMO, and DAO.
It also enables a dual/mixed mining mechanism of a guaranteed liquidity procedure and secured transactions for users. Furthermore, MDEX aims to promote cross-chain compatibility between chains to create a high-performance compound DEX ecosystem.
MDEX began as an Ethereum and HECO-chain platform that uses an Ethereum Virtual Machine (EVM) address to connect with both chains. While reinforcing cross chain interoperability, MDEX introduced an on-chain non-custodial bridge between HECO-chain and Binance Smart Chain. This allows for unprecedented flexibility, meaning that there is now accessibility between the chains. Whatever tokens are needed on either network can be accessed through MDEX without the need for an intermediary. Most DEXes are native to one chain at the moment, MDEX is one of the exceptions and aims to support even more chains simultaneously.
Mdex (MDX) Token
MDX is the cryptocurrency token of Mdex, highly valued for the uniqueness and success of the blockchains on which its project is running. The token can be mined and traded. It has a total supply of 1 billion. A block appears every 3 seconds based on the HECO chain with block rewards of 80 MDX per block. The halving happens after every six months. Out of the total token in supply, 80% of it goes to liquidity and transaction mining on Heco. Further, team rewards for operations and development account for 10%. At the same time, the remaining 10% of the token in supply is shared between users as early investors’ share to provide more sufficient funds and resources and used for market promotion and brand building, receiving 7% and 3%, respectively.
MDX Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a surge in interest from both retail and institutional investors. This could be a game-change for crypto. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year. At least this is what crypto traders hope for. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now well behind us. Ripple was also fined to pay $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $60-63k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $2,400 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post-halving rallies. Some of the hottest sectors so far this year were memes, RWA and AI projects.
Below is a tabular overview of how will MDX develop in the short-term (for the next 90 days), according to our prediction model:
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Mdex Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
MDX Price Prediction 2025 – 2030 – 2040
Our prediction model sees MDX reaching new highs in 2025:
$0.0172MDX price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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