{"id":6705,"date":"2025-08-04T15:34:58","date_gmt":"2025-08-04T15:34:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/low-cap-myx-crypto-rockets-200-in-a-day-can-the-rally-hold\/"},"modified":"2025-08-04T15:34:59","modified_gmt":"2025-08-04T15:34:59","slug":"low-cap-myx-crypto-rockets-200-in-a-day-can-the-rally-hold","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/low-cap-myx-crypto-rockets-200-in-a-day-can-the-rally-hold\/","title":{"rendered":"Low-cap MYX crypto rockets 200% in a day: can the rally hold?"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">MYX Finance rose more than 200% in just one day, as trading volumes hit $64 million.  <\/p>\n<div id=\"cn-block-summary-block_4383cac4f83858d225131212338e2934\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>MYX Finance rose more than 200% amid speculative trading<\/li>\n<li>Trading volume rose to $64.76M, and its market cap to $43.22M<\/li>\n<li>Still, the rally is showing signs of fragility <\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Despite relatively modest performance by major crypto assets today, smaller altcoins can still show major gains. On Monday, August 4, MYX Finance (MYX), a decentralized exchange token, reached an all-time high of $0.3664, after rising more than 200% in a single day. Thanks to the rally, the token\u2019s market cap reached an ATH of $49 million. <\/p>\n<p>The rally came despite no recent updates from the protocol and no major listing news. Instead, it appears that it was driven by speculative investment that fed itself. Buying pressure made a significant impact on the token\u2019s price due to its low market cap.  <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Can the MYX rally hold? <\/h2>\n<p>MYX technicals show a mixed picture between buy and overbought territory. The token\u2019s relative strength index rose to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investing.com\/crypto\/myx-finance\/technical\" target=\"_blank\">85.821 points<\/a>, signalling that the token may be overbought. The same goes for Williams %R at -21.257 and the Ultimate Oscillator at 70.25, all of which point ot strong momentum but suggest risks of a pullback. <\/p>\n<p>Still, MYX crypto\u2019s long-term performance will likely depend on its fundamentals as a utility token for its exchange. According to MEXC, MYX Finance was the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.mexc.co\/learn\/article\/what-is-myx-finance-a-new-paradigm-for-on-chain-derivatives-trading\/1\" target=\"_blank\">fastest-growing derivatives protocol<\/a> in 2024, with some viewing it as the main competitor to Hyperliquid (HYPE). <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>MYX Finance is a decentralized perpetual derivatives exchange, backed by Sequoia China, HashKey Capital, and ConsenSys. The platform operates across multiple exchanges, including Linea, BNB Chain, Arbitrum, and opBNB. <\/p>\n<p>Some of its features include enabling up to 50\u00d7 leverage, and the platform advertises zero slippage, thanks to its matching pool mechanism. At the same time, the platform enables users to retain custody over their funds. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MYX Finance rose more than 200% in just one day, as trading volumes hit $64 million. Summary MYX Finance rose more than 200% amid speculative trading Trading volume rose to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6705"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6705\/revisions"}],"predecessor-version":[{"id":6706,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6705\/revisions\/6706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2389"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}