How is MYX Coin? What is the future potential? Can it reach US$6 in 2025? MYX Finance price forecast

Table of contents

• What is MYX Finance (MYX) coin?
• MYX price soared by 1,600%. What is the reason
• Analysis of the latest price trends of MYX coins
• MYX Finance (MYX) Price Forecast
• Can the 2025 MYX reach $6?
• Can I buy MYX coins now?
• How to buy MYX coins
• FAQ
• Summarize

Launched in February 2024, MYX Finance is a decentralized exchange (DEX). Since TGE (Token Generation Event) on May 6, 2025, its native token MYX price has risen from US$0.096 to a maximum of US$2.09, an increase of more than 1,600%.

With the rise of MYX Finance, many investors are curious whether the cryptocurrency can maintain its upward momentum. What will the future of MYX currency?

In this article, we will analyze the past price performance of MYX coins, including why they have risen, and predict their future prices.

‍

What is MYX Finance (MYX) coin?

MYX Finance was launched in February 2024 and is a decentralized exchange (DEX). The platform aims to integrate efficient execution of centralized exchanges with transparency and user autonomy of blockchain transactions.

MYX Finance adopts an innovative matching pooling mechanism and supports cross-chain transactions. This decentralized trading platform is powered by data provided by Python Network.

MYX coins are native tokens for their platform, playing a key role in governance, incentive distribution and ecological liquidity. By holding MYX, users can not only participate in investment, but also deeply intervene in agreement governance and receive corresponding rewards as the platform develops.

Before the MYX coin price exploded, MYX Finance had attracted market attention for its rapid growth. According to DefiLlama data, its total locked value (TVL) exceeded $25 million as of August 6, with annualized fee revenue reaching $55 million, and 30-day perpetual contract trading volume reached $9 billion.

MYX Finance Platform Performance Source: DefiLlama

For a detailed introduction to MYX Finance, please see: What is MYX Finance(MYX) coin? MYX currency usage, token economics and price forecast

MYX price soared by 1,600%. What is the reason

Since the TGE (token generation event) on May 6, 2025, MYX price has soared from the initial $0.096 to a maximum of $2.09, an increase of more than 1,600%.

Such a rapid rise surprised many investors and raised questions: Why can MYX achieve such amazing growth?

Here are the main factors driving MYX Finance prices to rise:

1. The launch of mainstream exchanges triggers the market

MYX tokens are included in multiple important trading platforms, such as "Binance Alpha", which is the key driver of its soaring price. This not only improves the liquidity of the tokens, but also greatly increases market exposure.

In addition, MYX occupies a leading position in the field of decentralized derivatives trading on Binance Smart Chain, attracting a large number of traders seeking high-performance DeFi platforms.

2. Trading activity has increased sharply

According to CoinMarketCap data, MYX's trading volume surged by 110% in the past 24 hours, exceeding US$301 million; the cumulative transaction volume in one week exceeded US$2.4 billion. The number of active transactions on the platform exceeded 6,700, and the total locked position (TVL) reached more than US$25 million.

These data indicate high market participation and strong buying drives prices to continue to strengthen.

3. Large-scale liquidation of short positions

During the rapid price increase, a large number of short sellers were forced to close their positions. According to data on the chain, short positions worth about US$10 million were forced to be liquidated, further aggravating the buyer's strength, forming a "short squeeze" market, and promoting the price to accelerate the upward trend.

4. FOMO emotions spread

As prices continue to hit highs, the market's "fear of missing out" (FOMO) psychology has intensified. MYX's fear and greed index once reached 64, entering the "greed" area, reflecting the high optimism of investor sentiment.

Analysis of the latest price trends of MYX coins

Over the past week, MYX tokens have shown explosive growth, with an increase of up to 16 times in seven days. The largest increase in a single day reached 477%, and the price quickly climbed from US$0.28 to an all-time high of US$2.09, setting a record market value simultaneously.

This rise is mainly driven by retail investors' enthusiasm and technical momentum. However, with the rapid rise, some investors chose to withdraw profitably, resulting in a price pullback.

Currently, MYX has fallen back to around US$1.84, with a market value of approximately US$292 million, ranking 191st in CoinMarketCap.

As of August 6, MYX's RSI indicator was as high as 97.45 and the MACD bar chart reached 0.086, indicating that the market has been seriously overbought. Meanwhile, 39 million tokens were released on August 5 (about 20% of the total), and the well-known investor Hack VC immediately sold his position worth about US$2.16 million, exacerbating short-term selling pressure.

Analysts believe that if the buying continues to support, the price is still expected to hit a new high, such as challenging US$2.1. However, after experiencing a sharp rise, the pressure of a pullback in the short term cannot be ignored.

MYX Finance (MYX) Price Forecast

Due to the violent fluctuation of MYX prices, short-term predictions are more difficult. The following provides two possible scenarios based on current trends and technical indicators:

1. Bullish scenario

Price forecast: Prices may fluctuate between $1.50 and $2.50, or even break through the previous highs.

If the buyer's momentum is maintained and digested selling pressure, MYX is expected to test the all-time high of $2.09 again, or even break through $2.1. The scenario relies on continuous capital inflows with positive market sentiment.

2. Return to the mood scene

Price forecast: It may fall back to the key support level of $1.00 or $0.80.

If the "overbought" state triggers large-scale profit settlement, the price may pull back deeply. Around $1.00 is considered an important psychological support. If it falls below, it may further fall to $0.80.

3. Monthly Forecast for August 2025

Based on multi-party data, MYX's August price trend forecast is as follows:

• Lowest price: Affected by the callback, it may fall to the range of $0.80-$1.00.
• Average price: Affected by the strongest month in the first half of the month, the average monthly price may remain at $1.20-$1.50.
• Highest price: If sentiment continues to rise, it may reach $2.50 or even higher.

The performance in August will have an important impact on MYX's annual trend. If high-level support can be stabilized, the long-term prospects are promising; on the contrary, if the market cools down rapidly, it may face significant corrections.

Can the 2025 MYX reach $6?

MYX Finance is based on the forefront of blockchain technology and is committed to reshaping the traditional financial landscape. Its decentralized architecture supports diversified financial services, significantly improving transaction efficiency and security.

One of the important factors that affect its future development is adoption rate. With active communities and strategic partners, MYX's practical application scenarios continue to expand. In particular, cooperation with international remittance institutions has enhanced their real-life implementation capabilities and industry credibility, making them more competitive in the field of digital finance.

There are analysis and forecasts that thanks to continuous technological innovation, ecological expansion and user-friendly design, MYX is expected to hit the $6 mark in 2025. The evolution of blockchain technology also provides solid support for the long-term development of MYX.

Can I buy MYX coins now?

Currently, MYX's "Fear and Greedy Index" is 64, which is in the "Greedy" range, reflecting optimistic market sentiment and a strong speculative atmosphere. But historical experience shows that extreme greed is often a precursor to callbacks.

MYX's price fluctuates greatly, and its recent trend has fully proven its high risk and high return characteristics. This may be an opportunity for short-term traders, but you need to be extra cautious about stable investors.

After experiencing a sharp rise, concentrated selling may occur at any time, resulting in violent price fluctuations. Therefore, a "short selling" strategy may also be attractive under certain conditions.

Whether to buy should be comprehensively judged based on personal risk preferences and investment strategies.

How to buy MYX coins

MYX coins have been launched on multiple mainstream exchanges, such as Binance Alpha, Bitget, MEXC, etc., providing investors with convenient trading channels.

The purchase steps are as follows:

• Register an account and complete KYC certification.
• Recharge USDT or other supported currencies.
• Search for "MYX", select a trading pair and place an order to buy.

FAQ

**Q:MYX

The above is the detailed content of How is MYX Coin? What is the future potential? Can it reach US$6 in 2025? MYX Finance price forecast. For more information, please follow other related articles on the PHP Chinese website!