Mdex (MDX) Price Prediction 2023 – 2030

Mdex is currently at the #335 rank in the cryptocurrency market. It had an ATH of $10.06 on June 03, 2021, while the current price is only $0.06799, down by 99.32% from its ATH. Is Mdex a good investment? Will Mdex recover in the future? Find out answers to all these and other relevant queries in our Mdex price prediction and much more.

• Based on our MDX predictions for the year 2023, the coin may have minimum and maximum prices of around $0.060 and $0.146, respectively.
• The MDX crypto is expected to have minimum and maximum prices of around $0.167 and $0.241, respectively, as per our Mdex coin price prediction 2025.
• Our Mdex Token price prediction 2030 indicates that the potential high of the coin may be $0.844, with a potential low of $0.586 in the crypto market.

What is Mdex?

Mdex (MDX) is a new decentralized trading protocol launched in 2021 that operates on the concept of fund pools, sharing some similarities with standard DEXs. It differentiates itself from competitors by using a dual-chain model. This is on both the Ethereum network and the HECO (Huobi Ecological Chain), granting it access to the liquidity of the Ethereum ecosystem.

It was co-founded in 2017 by Nate Flanders and Anant Handa. It allows the user to swap any pair of assets via its pools using its automated market-making system. It also charges a 0.3 percent fee for that. Also, it gives rewards in its platform token. This is done to attract investors and traders.

What Makes Mdex Unique?

Mdex protocol has several features making it stand out. It is fast and reliable. Compared to Ethereum, the fee is lower. That said, it is not like a privacy coin with a huge emphasis on anonymous transactions.

Mdex is often compared with Uniswap. Uniswap is also similar to other cryptos with a decentralized architecture. Uniswap is based on Ethereum enabling users to trade tokens using smart contracts. The exchange of this type facilitates users to swap the tokens without a third party or some record keeping. Users also provide liquidity for such a market through heavy market participation.

The sustained liquidity of Mdex will prove to be valuable when moving forward. The exchange is expected to integrate more services, such as options contracts, financial lending, insurance, futures contracts, and other decentralized services. As more growth takes place, the chances of Mdex becoming a large player in the crypto market are a definite possibility.

Mdex Price Forecast: Market Sentiment

Let’s explore some of the industry experts’ views on the Mdex price forecast:

If you are looking for virtual currencies with good returns, MDX can be a bad, high-risk 1-year investment option as per our Mdex forecast. Mdex price today equals $0.0680, but your current investment may be devalued in the future.
Wallet Investor

According to the Mdex forecast, in 2023, the Mdex price is expected to cross an average price level of $0.081. The expected minimum price of Mdex by the end of the current year should be $0.077. Moreover, the MDX value can reach the highest price level of $0.093.
Price Prediction

As per our Mdex price prediction 2023, the MDX price could hit $015 by the end of this year and $0.31 by 2026.
Digital Coin Price

Our long-term Mdex price prediction for 2023 is bullish. The price of Mdex has a huge possibility of overtaking its current ATH of $10.11 by 2030 and reach $67, as per our price prediction.
NewsCrypto

According to our price forecast, In 2023, the MDX price is expected to reach a minimum price level of $0.095. The MDX price can reach a maximum price of $0.11, with the average price around its resistance level of $0.10.
ICOcreed

Based on our price forecast, the Mdex value might reach the maximum price level of $0.92. The minimum price level might be around its crucial resistance level of $0.09.
Cryptocurrency Price Prediction

Mdex Technical Analysis

Mdex is losing its rank and currently holds the position of #335 with a market cap of $64,013,119. It has a circulating supply of 950,246,937 MDX coins. Because MDX is relatively new, it is still not getting the market interest as anticipated.

The current price of Mdex (MDX) is very low from its high in February 2021. The all-time high price of $10.06 was reached within a week with no resistance. Whatever caused the high volatility has lost it, and the implied volatility now is fairly stable in markets. For the second half of 2021, the price of Mdex continued to trend sideways in a linear fashion.

The sideways pattern may continue for some time, but the Mdex price forecast says that this might not continue for long since there is a high possibility of the price of Mdex (MDX) hitting the resistance levels soon.

Doing so, one can use options to take advantage of the low implied volatility to buy out-of-the-money (OTM) options and make profits using the increase in implied volatility. If that ideal case occurs, one can also try to take advantage of the RSI to hold their positions for the maximum price level of Mdex crypto till the overbought condition is matched.

Mdex Price Prediction: 2023-2030

From what we have observed, the downfall from the highs of $10 did not occur because of the huge price sell-off. If the accumulated volume is still high, the initial investors could still hold the Mdex price for the long term. There is no significant volume-based indication that the distribution has occurred. So, for the time being, it is safe to say that there is no bearish sentiment in MDX according to our Mdex price predictions

Frequently Asked Questions (FAQs)