When this exchange token got brought up in the spotlight and I looked at its chart and immediately put it into my favourites tab in Tradingview.
This year, the MX token has shown remarkable strength, nearly managing to surpass its previous bull run highs from 2021.
With a relatively low marketcap for one of the biggest, credible exchanges currently in the industry and being consistently in the top end of the CEX rankings for volume and weekly visits from users on CMC I think this exchange is currently undervalued and smart money recognised this hence why the exchange’s token has had a great year price wise.
Now will it run as far as OKx and Binance’s own coins have done in the past? My gut feeling says no just because of the way the crypto landscape is set up right now, with DEX’s becoming more prominent than CEX’s therefore eating into some of their volume and user base share that they once had a monopoly over.
However there is definitely still a value misplacement here to catch, nevertheless as I have stated before I will never FOMO into an asset as its on the rise so I will have to be patient and wait for a generous pullback from the market gods to enter a position as this token really does look promising in the future for much more gains. Show Less
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