Fundamental & Technical Aspects of the Coin

Mdex is a decentralized trading protocol that functions as a platform for investors to interact with the crypto marketplace of the Heco chain. The platform is quite popular due to its diverse range of features and services. 

This community-led exchange offers trading fees as low as 0%, which can be achieved through mining. Users, who hold over $100 million MDX, are incentivized.

Major Features of Mdex

Mdex is one of those platforms that can bring in a lot of users by the sheer power of features and functionalities, even if they are not linked to the biggest chains by market cap. This Mdex review covers the following features:-

It is a decentralized platform that allows users to trade and swap assets across different chains. It also lets individuals stake their assets and earn returns. The platform is user-friendly and offers attractive benefits, such as liquidity mining and community-driven governance. Mdex is an elite platform for advanced traders.

Platform Charges in MDEX

The platform charges the lowest fees compared to all other platforms, as long as users are willing to mine the exchange’s token. The average transaction fee with Mdex is about 0.3%. However, this platform uses its token as a gas fee, allowing individuals to mine the token and repay it for payments. 

Therefore, the net rate for transactions can be 0%, which is an advantage not many platforms can claim. The exchange fee is already included in the prices. Moreover, the users holding over $100 million MDX do not need to pay any charges.

Technical Analysis and Prediction of MDX Coin Price 

The MDX coin currently has a moderate risk score and an average risk rating considering the recent price surge of 32%. Moreover, the risk score is decreased upon the increased market capitalization of $66,026,247. 

As of now, the MDX coin price is being traded at $0.081. It seems like the bears are currently active after a 32% growth. The bulls have done their part and are now seeking support at the levels of $0.0710 and $0.0608. On the other hand, the bears will be active on the resistance levels of $0.0828 and $0.0926.

Considering the overbought zone of RSI and the gap between its SMA levels of 59, the current price prediction is bearish. There is a significant gap between the SMA levels that need to be filled. However, some bearish volumes have been observed since the start of today’s trading sessions.

Conclusion

Mdex is a decentralized platform that allows users to trade and swap assets across different chains. The exchange fee is already included in the prices. Moreover, the users holding over $100 million MDX tokens do not need to pay any charges. The current trend in the coin is bullish.

Technical Levels

• Support Levels: $0.0710 and $0.0608.
• Resistance Levels: $0.0828 and $0.0926.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.