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
The cryptocurrency industry has faced increased regulation in 2023, with the SEC and Department of Justice pursuing legal action against major players. This crackdown signals the end of cryptocurrency unbridled early years, as traditional financial institutions enter the market and call for clearer rules. In 2024, significant regulatory clarity is expected. Several factors have fueled this crypto rebound last year. Most notably, Ripple Labs won a key legal victory against the SEC in June, leading to a short-lived price bounce. Renewed institutional interest has also provided a boost, with major firms like BlackRock pushing for Bitcoin ETF approval in late 2023. Bitcoin ETF approvals were done in early January 2024, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications between January 5th and 10th, 2024, potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving scheduled for April 2024, which is expected to further boost Bitcoin, Ethereum, and the broader crypto market. Looking ahead, proposed 2024 changes like new accounting rules for crypto assets and less hawkish central bank policies could impact markets. Updated accounting standards may allow more corporate Bitcoin reserves. Meanwhile, forthcoming Treasury Department cryptocurrency tax guidelines, applying by 2025, could transform regulations around decentralized finance, NFTs, and digital wallets. ETF approvals have proven complex but present future investor opportunities if SEC concerns can be addressed. Bitcoin has more than doubled in 2023, with the recent Wall Street earthquake and upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. By passing $50,000 for the first time since 2021, Bitcoin has climbed over 200% year-to-date. Ethereum has also grown following ETF approvals since now many anticipate ETH ETF approvals could be next. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence in late 2024, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event.
Below is a tabular overview of how will MDX develop in the short-term (for the next 90 days), according to our prediction model:
Essential tools you need to succeed in crypto
Wallets
Hardware wallets are the safest! Pick one of the three:
✔️Ledger Nano X
✔️Trezor
✔️CoolWallet Pro.
Tax Calculators
Don’t get in trouble with the government let these magic tools do all the heavy-lifting when it comes to your crypto taxes:
✔️Koinly
✔️Cointracking
✔️ZenLedger.
Trading Tools
A good charting tool is a must if you want to try yourself out as a day-trader. ✔️Tradingview is best known but
✔️Bitsgap
✔️Coinrule
✔️Cryptohopper
are also excellent plus they allow automated trading.
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:
$0.1112MDX price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
Read also:
- Ren Price Prediction | REN Price Forecast
- Serum Price Prediction | SRM Price Forecast
- Perpetual Protocol Price Prediction | PERP Price Forecast
- Mina Protocol Price Prediction | MINA Price Forecast
- dYdX Price Prediction | DYDX Price Forecast
- Bitcoin Gold Price Prediction | BTG Price Forecast
- Curve DAO Token Price Prediction | CRV Price Forecast
- Huobi Token Price Prediction | HT Price Forecast
- Waves Price Prediction | WAVES Price Forecast
- Harmony Price Prediction
- Decred Price Prediction