MYX Finance Token Surges 45%, Market Cap Exceeds $3 Billion
MYX Finance (MYX) Token Surge:
- MYX token saw a 45% increase in the last 24 hours, trading at $16.14.
- Market cap exceeded $3 billion, ranking MYX as the 42nd-largest cryptocurrency.
- Daily trading volume rose by 153%, reaching $400 million.
- MYX denied allegations of manipulating the token airdrop, possibly boosting investor confidence.
- Relative Strength Index (RSI) is currently at 71, indicating strong demand.
If RSI surpasses 80, it could signal overbought conditions, potentially leading to a price correction.
Crypto Market Overview:
- Global crypto market value surpassed $4 trillion, marking a 1% gain.
- Bitcoin is trading above $117,000 after three weeks of struggle.
- Positive market sentiment driven by expected US Federal Reserve rate cut.
- The Fed commenced its two-day meeting on September 16.