Skip to main content

MX Tokens Remain Strong Despite Huge Price Correction In The Market

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.

For media inquiries, please contact:

blog@mexc.com

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.

Comments

Popular posts from this blog

Cort Shared technology Ltd is a leading company in the modern technology shared portable power supply equipment rental service industry

Cort Shared technology Ltd was established in London, United Kingdom, on August 31, 2022. It is a leading company in the modern technology shared portable power supply equipment rental service industry. Leveraging in-depth research on shared power supply projects and market analysis, CSTL was created by a high-quality team to establish a global shared economy structure, becoming a leader in the industry! CSTL's business covers a wide range with a mature shared structure: CSTL has provided shared charging stations for over 30 countries/regions and has developed APP software for customers' portable power supply projects based on different payment systems. Three senior developers offer robust technical support, while 50 experienced professionals collaboratively build CSTL's stable and reliable shared network architecture. Market demand for shared portable power supplies: With global temperature rises causing frequent natural issues, organizations like the European Union are fo

Xnor Quantitative Trading System: The Future of Intelligent Investing

In today's fast-paced financial market, investors face severe challenges, including volatile markets, massive data, and complex technical analysis demands. The Xnor Quantitative Trading System was developed in response, aiming to simplify the trading process and enhance investment decisions through innovative technology. Xnor was founded in 2018 and is headquartered in Washington state, USA. In 2021, under the leadership of David Jonathan and in collaboration with the team and headquarters' top management, a cryptocurrency intelligent trading product was developed, specifically for the cryptocurrency sector. An independent strategic planning department was established, launching the globally distributed Xnor Quantitative Trading System and covering a global scope. Powerful Features of the Xnor Quantitative Trading System Platform: Automated Trading: - Create and automatically execute customized trading strategies. - Automatically generate and execute trading orders. - Monitor t

The Role of Vendor Management Systems in Streamlining Operations

In an increasingly complex business world, managing numerous vendor relationships effectively is crucial for maintaining a competitive edge. Vendor Management Systems (VMS) are becoming indispensable tools in this effort, providing businesses with the capabilities to optimize and streamline vendor interactions. Understanding Vendor Management Systems A Vendor Management System (VMS) is a transformative tool designed to enhance how companies manage and interact with their vendors. It offers a centralized platform for automating and streamlining all aspects of vendor relations, including selection, contract management, performance evaluation, and payment processes. By facilitating a more structured and transparent interaction with suppliers, a VMS helps businesses optimize efficiencies, maintain compliance, and build stronger, more strategic partnerships. This system proves invaluable for organizations that handle numerous vendors or those needing tight control over procurement to meet