2021-10-12 17:26 |
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) TokenMDX 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 DaysThe whole crypto market is currently on the verge of a real bull run.
There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap.
Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run.
As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump - we have witnessed this scenario dozens of times in the distanced and more recent history.
Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash.
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:
Quick reminder for crypto newcomers
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to …
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to be a holder, then why not put that crypto to work by borrowing it out on crypto lending platforms.
Below are our recommendations:
Exchange: Binance for highest liquidity and coin choice. Gate.io & KuCoin for gem hunters. ByBit for leveraged trading (Margex for really crazy leverages).
Safe hardware wallet: Ledger Nano X, Trezor or CoolWallet Pro.
Tax Tool: Koinly, Cointracking or ZenLedger.
Charting tools & bots: Bitsgap, Coinrule or Cryptohopper.
Lending platforms: BlockFi (for US residents), YouHodler (for EU and rest of the world).
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.
Our prediction model sees MDX reaching new highs in 2025:
$ 3.95MDX price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
Read also:
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