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MUX Protocol skilled a big pump and dump over the weekend, shortly after hitting its 2023 highs. Did you handle to exit your place early?
MCB token skilled a ten% surge on Sunday, adopted by an equal decline the following day, and is now consolidating round $12.
MUX Protocol Rises by 10% Earlier than Dumping
MUX Protocol (MCB) has skilled unstable value motion resembling a pump-and-dump state of affairs up to now week.
The token skilled a backside wick at $14 on July 15, then rebounded, reaching $17 the following day. Nonetheless, its volatility endured, dropping by 10% on Sunday after a earlier 10% pump the day earlier than.
MUX Protocol’s worth reached $12.1 at 5:15am EST, reflecting an 18.31% lower in market capitalization, now at $46.3 million, and a 20% surge in buying and selling quantity, amounting to $548k.
The Motive Behind the Pump and Dump
MUX Protocol’s latest value motion stays unclear, and the most recent tweets from the challenge fail to make clear. Whereas most posts on their Twitter web page deal with MUX Protocol’s rise as a high 5 derivatives protocol, particular causes for the latest value motion are but to be disclosed.
MUX Protocol is shortly catching up as one of many high 5 derivatives protocols by Quantity and Charges.
it presents one thing distinctive amidst the fragmented liquidity throughout derivatives protocols
Is @muxprotocol being undervalued atm?
👇🧵 pic.twitter.com/zMLkEwsdtu
— Surf (@0xsurferboy) July 22, 2023
Investorsobserver designates it as a high-risk funding, inflicting concern amongst buyers because of its excessive volatility.
MUX Protocol Has a Bullish 12 months Until Now
MUSK Protocol started 2023 at $3.4 and has skilled a bullish 12 months, surging by 250% in February earlier than present process a minor correction and resuming its upward trajectory.
In July 2023, Musk Protocol surged to its highest level of the 12 months, hitting $23.76, marking a outstanding 543% year-to-date enhance.
After an preliminary surge, the token entered a corrective section with a battle between bears and bulls evident from the variety of pink candles indicating bearish dominance.
MUX Protocol Value Prediction – Can it Go Up?
MUX Protocol’s value chart shows a month-to-month descending triangle sample, signaling a decline in asset demand.
Since July 13, the token has shaped decrease highs, suggesting a possible additional decline. The present development signifies the potential for reaching an excellent decrease excessive. These developments sign a possible breakdown, which occurred shortly after the token reached its 2023 highs.
MUX Protocol must surge by a outstanding 424% to succeed in its earlier all-time excessive of $82, however present situations recommend that such a rise is unlikely within the close to future.
The token’s MACD histogram is at the moment unfavourable, and its RSI is steadily declining from the overbought zone, suggesting diminished curiosity from the neighborhood on this asset.
MUX Protocol Various – BTC 20
BTC20 is a presale crypto gaining momentum due to its promise of delivering an Ethereum-based Bitcoin.
This token follows the oldest cryptocurrency tokenomics to the tea, even proper all the way down to its whole provide, which is 21 million.
The challenge goals to promote 6.05 million of the whole provide through its two-staged presale spherical, wherein the worth of the BTC20 will stay the identical at $1. The remaining 14.95 million tokens shall be positioned inside a liquidity contract, from which they are going to be launched as staking rewards.
BTC20 makes use of a staking equal to mining by delivering buyers a greener various to Bitcoin. With its tokenomics and identify, BTC20 makes an attempt to repeat Bitcoin’s historical past. And within the present meme coin-centric period the place tokens specializing in memes and advertising and marketing are profitable, BTC20 has 10x potential.
🚀 $1.5M Raised! 💰🎉
Massive information! The $BTC20 #Presale simply crossed the $1.5 million mark! 🎊
Be part of us in revolutionizing staking and constructing a sustainable future with #BTC20! 🌐🌿
Do not miss out! Get your $BTC20 #Tokens now: https://t.co/N56IcYsKHq #Crypto #Staking… pic.twitter.com/Nw3rjuhJaB
— BTC20 (@BTC20Token) July 24, 2023
The token can also be prepared midway by way of its presale and has raised greater than $1.5 million. events can go to btc20.com to take part.
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