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I think this MYX coin is being somewhat ignored by the market.
MYX is for on-chain contract trading, backed by major institutions, and its fundamentals are fairly solid among coins of this size.
Last month, the protocol just upgraded. After the upgrade, a lot was opened—anyone can build markets on it. The direction is moving toward infrastructure. But after the upgrade, the price is still falling. Now it’s only 0.085u. Its historical high has reached 19u, but it’s been dropping fast and is now almost at the bottom.
I think the market is selling it off too harshly—mainly because the pressure from token unlocks hasn’t been fully digested yet. But this emotion-driven dump is actually an opportunity.
If it holds at 0.085u, I’ll consider entering. My target is 0.15u, and I’ll set the stop loss below 0.06u.
Wait for the trading volume data after the upgrade to come out. If it looks good, this rebound will be quick.