Live Price Snapshot
The MX token, the native cryptocurrency of the MX Token ecosystem, is actively traded across global markets. As of the latest data, MX trades at $2.36**. Over the past 24 hours, its price fluctuated between a low of **$2.28 and a high of $2.37. Trading activity remains robust, although specific volume figures are periodically updated.
Its market capitalization stands at $222.61 million, ranking it #268 among cryptocurrencies by market size. This positions MX as a mid-cap digital asset with notable market presence.
Detailed Market Performance
Price Trends and Volatility
MX exhibits moderate volatility, consistent with many alternative cryptocurrencies. The 24-hour range indicates relatively stable momentum within a tight band. Historical data reveals significant milestones:
- All-Time High (ATH): $5.85 (April 10, 2024)
- All-Time Low (ATL): $0.04218457 (November 25, 2019)
This historical context highlights both its growth potential and inherent market risks.
Supply Metrics
Understanding supply dynamics is crucial for valuation:
- Circulating Supply: 94.31 million MX
- Maximum Supply: Undisclosed (Not publicly capped)
The circulating supply figure helps assess scarcity and potential inflationary or deflationary pressures.
How to Buy MX Tokens
Purchasing MX involves a few straightforward steps. First, select a reputable cryptocurrency exchange that lists the token. After creating and verifying your account, you can deposit funds. Most platforms support both fiat currency deposits (like USD or EUR) and crypto transfers.
Once your account is funded, navigate to the trading section. Search for the MX trading pair, such as MX/USDT or MX/BTC. You can then place a buy order. For immediate execution, use a market order. To specify a desired price, opt for a limit order. After purchase, consider transferring your tokens to a private wallet for enhanced security. For a streamlined experience, you can explore more strategies on leading platforms.
How to Sell MX Tokens
Selling MX is essentially the reverse of buying. Log into your exchange account and access the trading interface for the relevant MX pair. If you wish to sell immediately at the best available price, a market order is suitable. For sellers targeting a specific price point, a limit order is preferable.
After your sell order is executed, the proceeds will be credited to your exchange wallet. You can then withdraw these funds to your bank account, convert them to another cryptocurrency, or hold them as stablecoins.
Is MX a Good Investment?
Evaluating MX as an investment requires careful consideration. Its mid-cap status suggests a balance between growth potential and stability compared to smaller-cap assets. Key factors to analyze include:
- Market Position: Ranked within the top 300 cryptocurrencies.
- Historical Performance: Significant price appreciation from its all-time low, though down from its recent high.
- Ecosystem Utility: The value of MX is tied to the services and platforms within its native ecosystem, such as transaction fee discounts, staking rewards, and governance rights.
All investments carry risk, especially in the volatile crypto market. Thorough personal research and a clear understanding of your risk tolerance are essential. It is often wise to view real-time tools and consult multiple sources before making investment decisions.
Frequently Asked Questions
What is the current price of MX?
The live price of MX is $2.36. This value updates in real-time based on market supply and demand across various exchanges.
How can I purchase MX tokens safely?
To buy safely, use a well-established, secure cryptocurrency exchange. Complete all necessary identity verification steps (KYC), enable two-factor authentication (2FA), and consider using a hardware wallet to store your tokens after purchase.
What factors influence the price of MX?
Its price is influenced by broader crypto market trends, developments within the MX ecosystem, overall trading volume, changes in circulating supply, and general investor sentiment.
What is the total supply of MX?
The circulating supply is 94.31 million tokens. The project has not publicly disclosed a maximum supply cap.
Can I use MX for purposes other than trading?
Yes, beyond speculation, MX typically provides utility within its native platform, such as paying for fees, participating in staking for rewards, or voting on governance proposals.
What was the highest price ever recorded for MX?
MX reached its all-time high of $5.85 on April 10, 2024. This represents a key historical resistance level for the asset.