In this guide, we will voice our own and market’s opinion on MDX future while discussing Mdex price forecast for 2022 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 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
The whole crypto world is on a verge of a full-fledged bear market. Bitcoin has slumped 50% from its all time high amid the broader market drops impacted by raging inflation and US Fed rate increases. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2022, especially in the second part of the year. This is reflected in our 2022 predictions. Right now, Bitcoin needs to find a local bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distanced and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will MDX develop in the short-term (for the next 90 days), according to our prediction model:
Mdex Price Prediction 2022
Our prediction model sees a temporary switch to a bear market at the beginning of 2022 before we move onto another leg up in Q3 & Q4 of 2022.
MDX Price Prediction 2025 – 2030 – 2040
Our prediction model sees MDX reaching new highs in 2025:$ 0.1250
MDX price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com