After a series of bull runs, major tokens are entering a correction phase with BTC experiencing -13.9% in 7 days. However, MEXC's native token MX, is able to withstand the pressure without losing too much ground on their token price.
Major CEX Tokens Skyrocketed Before Price Dip
CEX Tokens | Token Price on March 12, 2024 | Highest Price in 2024 | Growth Percentage |
MEXC (MX) | $3.04 | $4.10 | +36.7% |
Binance (BNB) | $520.20 | $645.00 | +23.9% |
Gate.io (GT) | $6.23 | $7.44 | +19.4% |
OKX (OKB) | $64.84 | $73.72 | +13.7% |
Kucoin (KCS) | $14.99 | $16.00 | +9.6% |
Huobi (HT) | $2.48 | $2.70 | +8.9% |
Major CEX tokens experienced a meteoric rise on March 14, 2024. Investors witnessed significant gains as these tokens soared to new heights, reflecting heightened interest and speculative activity. MEXC (MX), for example, saw a new ATH at $4.1 with a sudden growth of 36.7% in 2 days. Meanwhile, Kucoin (KCS) reached $16.06 with a 2-day growth of 9.6%. However, the euphoria was short-lived as prices retraced.
Price Drop For Major CEX Tokens
CEX Tokens | Highest Price in 2024 | Token Price After Correction | Growth Percentage |
MEXC (MX) | $4.10 | $3.72 | -9.8% |
Binance (BNB) | $645.00 | $526.18 | -18.4% |
Gate.io (GT) | $7.44 | $6.76 | -9.1% |
OKX (OKB) | $73.72 | $56.33 | -23.6% |
Kucoin (KCS) | $16.00 | $13.28 | -17.0% |
Huobi (HT) | $2.70 | $2.07 | -23.3% |
As of March 20, 2024, major CEX tokens have experienced varied price changes compared to their highest values in 2024. MEXC (MX) currently stands at $3.72, marking a decrease of 9.8% from its peak price of $4.10. Binance (BNB) has seen a significant drop to $526.18 from its peak of $645.00, reflecting an 18.4% decrease. Gate.io (GT) follows suit with a decrease of 9.1%, settling at $6.76 from its highest value of $7.44. OKX (OKB) and Kucoin (KCS) have experienced more substantial declines, with OKX dropping to $56.33 (a decrease of 23.6% from $73.72) and KCS to $13.28 (a decrease of 17.0% from $16.00). Huobi (HT) has also seen a significant decrease, falling to $2.07 from its peak of $2.70, marking a 23.3% decrease.
MX Token Stood Out As The Clear Winner
CEX Tokens | Token Price on March 12, 2024 | Token Price After Correction | Growth Percentage |
MEXC (MX) | $3.04 | $3.72 | +22.4% |
Gate.io (GT) | $6.23 | $6.76 | +8.5% |
Binance (BNB) | $520.20 | $526.18 | +1.1% |
Kucoin (KCS) | $14.99 | $13.28 | -11.4% |
OKX (OKB) | $64.84 | $56.33 | -13.1% |
Huobi (HT) | $2.48 | $2.07 | -16.5% |
In the recent market correction observed after March 12, 2024, the MX token emerged as the clear winner among CEX tokens. Despite the fluctuations, MX displayed remarkable resilience and growth, soaring from $3.04 to $3.72, marking an impressive increase of 22.4%. On the other hand, Gate.io (GT) experienced a moderate rise of 8.5%, moving from $6.23 to $6.76. Binance (BNB) saw a slight uptick of 1.1%, with its price moving from $520.20 to $526.18. However, Kucoin (KCS), OKX (OKB), and Huobi (HT) faced declines, with KCS dropping by 11.4% to $13.28 from $14.99, OKB by 13.1% to $56.33 from $64.84, and HT by 16.5% to $2.07 from $2.48.
Great Value and Huge Opportunity For MX Token Holders
MX tokens continue to stay ahead of the competition while gaining significant popularity from its use cases. While MX token's price growth remains steady, MEXC has curated 201 free airdrop events in January and 199 free airdrop events in February with a cumulative prize pool of $23 million USD. As only MX token holders are able to participate, this helps retain MX as a favorable token for long term hold.
Join the Crypto Revolution with MEXC
MEXC invites crypto enthusiasts and traders alike to join the revolution and experience the unparalleled benefits of its platform. With a diverse range of features and services tailored to meet the needs of both novice and seasoned traders, MEXC is poised to lead the charge towards a more inclusive and prosperous crypto ecosystem.
Discover the power of MEXC and unlock new opportunities in the world of cryptocurrency trading. Join MEXC today and embark on a journey towards financial freedom and success.
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About MEXC
MEXC is a leading centralized cryptocurrency exchange platform, offering a wide range of digital assets and trading services to its global user base. With a commitment to security, innovation, and user experience, MEXC aims to provide a seamless and trusted trading environment for cryptocurrency enthusiasts worldwide.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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