MYX (MYX Finance) fell 6.26% in the last 24 hours.

Gate News Bot news, October 9, according to CoinMarketCap quotes, as of the time of writing, MYX (MYX Finance) is currently reported at $5.11, falling 6.26% in the last 24 hours, reaching a high of $12.31 and a low of $4.48, with a 24-hour volume of $104 million. The current market capitalization is approximately $1.053 billion, a decrease of about $70.2651 million compared to yesterday.

MYX is a decentralized trading platform that supports perpetual contract trading, cross-chain asset swaps, copy trading, and other decentralized financial services. MYX provides services through smart contracts on multiple blockchains such as ARB, LINEA, and OPBNB, without offering asset custody, allowing users to manage their own assets. Users conduct related on-chain transactions through smart contracts, and MYX does not participate directly.

Important news about MYX recently:

1️⃣ Significant fluctuations for three consecutive days MYX Finance has experienced significant price volatility over the past three days. On October 7th, the price of MYX surged by 31.05%, reaching $6.06. However, in the following two days, it fell consecutively, with a drop of 14.83% on October 9th, bringing the price down to $4.85. This rapid rise and fall reflect the instability of market sentiment.

2️⃣ Market Capitalization Ranking Changes Despite the price correction, MYX Finance remains among the top in cryptocurrency market capitalization. As of October 9, its market capitalization is approximately $1 billion, which has decreased compared to previous days, but still demonstrates a certain scale and market influence of the project.

3️⃣ Volume significantly increased During price fluctuations, the 24-hour trading volume of MYX surged to 104 million USD. This increase in trading volume indicates that investors are paying more attention to MYX, leading to heightened market participation, but it may also bring greater risks of price volatility.

From a technical perspective, the MYX price has experienced a correction after a rapid rise in the short term and is currently in the process of finding new support levels. Investors should closely monitor whether the price can stabilize at its current position, as well as changes in volume, which will impact the price trend in the short term.

This message is not intended as investment advice; investors should be aware of market volatility risks.