Strongly recommend to hold $MYX
short positions for a long time!
There are three reasons:
1. MYX, as a DEX platform, has a daily contract trading volume of only over 200 million dollars, which is still less than the trading volume of a major cryptocurrency on Binance, and the platform does not have the capacity to generate cash flow to support the coin price in the long term.
2. The market value is severely overestimated, ranking 70th in market value, and those close in rank include $PUMP and $SEI, which are actually doing business, making it clear how inflated the market value is. Currently, the fully diluted market value is a staggering 3 billion...
Tokens will continue to unlock until 2027, which will lead to significant selling pressure (the team must know that the coin price won't last long).