In this guide, we will express our and the market’s opinion on the future of MDX as we discuss Mdex price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Mdex.
Now, let’s get into it.
Before we delve into Mdex price prediction and answer questions about whether MDX is a good investment or not, why MDX will succeed or fail, or why the price of Mdex will rise or fall, let’s quickly take a look at what MDX is and its history to date.
What is MDEX?
MDEX is the leading decentralized exchange protocol (DEX) based on Huobi Eco-chain (HECO), Binance Smart Chain, and Ethereum. MDEX strives to be the best option for eco-token transactions and the largest DeFi ecosystem that integrates DEX, IMO and DAO.
It also allows a dual/mixed mining mechanism of a guaranteed liquidity procedure and secure transactions for users. In addition, MDEX aims to promote cross-chain compatibility between chains to create a high-performance composite DEX ecosystem.
MDEX started as an Ethereum and HECO-chain platform that uses an Ethereum Virtual Machine (EVM) address to connect with both chains. Strengthening cross-chain interoperability, MDEX introduced an on-chain non-custodial bridge between HECO-chain and Binance Smart Chain. This allows for unprecedented flexibility, which means there is now accessibility between chains. Any token needed on both networks is accessible through MDEX without the need for an intermediary. Most DEXs are native to a chain at the moment, MDEX is one of the exceptions and aims to support even more chains at once.
Mdex (MDX) Token
MDX is Mdex’s cryptocurrency token, highly valued for the uniqueness and success of the blockchains on which its project is running. The token can be mined and exchanged. It has a total supply of 1 billion. A block appears every 3 seconds based on the HECO chain with block rewards of 80 MDX per block. Halving occurs after every six months. Of the total token on offer, 80% of it goes to liquidity and transaction mining on Heco. In addition, team awards for operations and development account for 10%. At the same time, the remaining 10% of the token on offer is shared among users as a share of early investors to provide more sufficient funds and resources and used for market promotion and brand building, receiving 7% and 3%, respectively.
MDX Price Prediction for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Mdex Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
MDX Price Prediction 2025 – 2030 – 2040
Our forecast model predicts that MDX will reach new highs in 2025:
The MDX price in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.