Mdex (MDX) Price Prediction 2022-2030 - Should You Buy It Now?

Mdex (MDX) is a utility token of the automatic market-making (AMM) platform of the same name. It was launched in January 2021. The Mdex platform quickly gained popularity which boosted the token's price in the first months. In this article, you will find MDX price prediction 2022 - 2030. You will learn what price MDX will have in 2022, 2025, and other years. We will put different opinions and shed light on different possible scenarios of the future developments of the MDX price. It will help you to decide whether you should or shouldn't invest in MDX. But first, we will give you an idea of what the Mdex platform is and what are the main characteristics of the Mdex network utility token. 

1. What Is Mdex?
2. Mdex Network Utility Token
3. MDX Price Prediction for 2022, 2023, 2024, 2025, 2027, 2030
4. Price Analysis
5. Conclusion

What Is Mdex?

Mdex is an automated market-making (AMM) platform and decentralized cryptocurrency exchange. Currently, the platform is based on several blockchains simultaneously. Mdex provides cross-chain connectivity for the Ethereum network, Binance Smart Chain, and Huobi Eco-chain. It makes Mdex more flexible and stable. The first blockchain is HECO by Huobi and the other one is Binance Smart Chain. The platform allows staking, trading, swapping (the flat fee is $0.001) tokens, and locking them for liquidity pools. As of January 2022, the total amount of locked coins exceeds $900 million.  

The platform supports over 100 cryptocurrencies on Binance Smart Chain including such popular coins as Bitcoin, Ethereum, Binance Coin, Tether, Cardano, Dogecoin, XRP, Bitcoin Cash, Chainlink, and others. On HECO, there are over 600 hundred supported tokens. At the time of writing this article (January of 2022), trading volume on both chains exceeds $20 million. 

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Mdex Network Utility Token

Like most blockchain-based platforms, Mdex has its utility token of the same name. Mdex uses the model called "repurchase and burn" aimed at the gradual decrease of the MDX tokens in the turnover. It prevents inflation of MDX tokens and improves their market value. Another model in use is “repurchase and reward”. It incentivizes users to hold Mdex tokens which leads to a price increase, too. More than that, MDX holders can participate in the Mdex platform governance. MDX holders can earn via liquidity mining.

📢#MDEX Data Performance 📈

📅Jan 7th-13th

🔒TVL
🔗(HECO + BSC) $0.98B

💰Value of MDX rewards:
💰Trading mining: $0.49M
💰Liquidity Mining: $0.76M
💰Rewards for LP: $0.57M

🧑‍🤝‍🧑Number of unique users: 396,702
🧑‍🤝‍🧑On-chain $MDX holders: 316,568

🔥#MDX purchased/burned: 2.444M pic.twitter.com/BsQpbeQVjT

— MDEX (@Mdexswap) January 14, 2022

On January 13, 2022, the price of MDX was $0.3268. With the market cap exceeding $260 million, the coin was among 200 leaders of the crypto market which is impressive considering that the token was only one year old and that the total number of cryptocurrencies amounted to about 8,000 at that time. The token is supported by such leading exchanges as Binance, Huobi Global, Gate.io, and others.

Below you can see our MDX price prediction for the following years.

MDX Price Prediction for 2022, 2023, 2024, 2025, 2027, 2030

2022

Mdex is already one of the leaders in its niche therefore experts agree that the nearest future is bright for MDX. As the platform and the token will be getting more recognition the price will be climbing up despite the ongoing downward trend. The MDX price by the end of 2022 can reach up to $0.45 according to several market experts. Bitcoin's price is one of the strongest drivers for the prices of the rest of cryptocurrencies. So if by the end of the year Bitcoin manages to climb closer to its ATH, then MDX might touch $0.5 per token.

2023

The DeFi solutions will keep on attracting more and more people. As new people will look for a decent DeFi platform they will be stumbling upon Mdex. By 2023 the platform will get even better so the growth of the MDX price is going to go faster. No crypto market observer believes that the MDX price won’t grow bigger by the end of 2023. We predict that the price is likely to reach $0.7 or even $0.79. At worst, it will reach 62 cents.

2024

Considering the general trend of financial institutions embracing cryptocurrencies, some experts anticipate that by 2024 some institutions will partner with Mdex which will catalyze the MDX price boost. If partnerships take place, the price might reach up to $1.29. If not, MDX will gain value anyway but it won't reach more than $1.

2025

The least bullish forecast of the MDX price for the end of 2025 is $1.25. The average price for 2025 named by the market experts is close to $1.4. The most optimistic experts name figures between $1.6 and $1.7 per 1 MDX. Some observers warn, however, that in 2025, a slight decline is possible after a period of steady growth. Our own research shows that the price can reach from $1.33 to $1.64.

2027

There are different opinions on the price MDX will have in 2027. All of the bullish observers name figures below $3.5 while the lower level is quite the same in many prediction pieces — $2.8. By 2027, Mdex might face a problem of newer strong rivals which are not known today. It might decline the growth speed of the token. We expect MDX price to reach from $2.88 to $3.2 by the end of 2027.

2030

Predicting the price of the Mdex token for 2030 is quite hard as the key factors and events that will determine the price are yet to materialize. All we can do is rely on the tech analysis and our faith that cryptocurrencies in general are here to stay. The most bullish forecast is $10. It is possible that due to corrections, the price will reach a smaller level, like $8.5 or even lower. We expect that MDX can finally go further than $10 if the platform cements its place on the market. If it doesn't happen, then the price might reach $8 or $9.

Price Analysis

MDX token has hit the market in January 2021. The first months of that year were the time of the biggest cryptocurrency rise in history (as of January 2022) so understandably the price of the Mdex token was growing quickly, too. Unlike Bitcoin which went through several rallies between January 2021 and January 2022, Mdex token had only one huge surge in the first few weeks after the launch. Despite the strong potential of the platform and the token, the post-February 2021 MDX price curve is downward. It's worth saying that the current price is only 10% of the price at which MDX entered the market.

On January 27, 2021, MDX hit the market at the price of $3.24. The price was fluctuating in the $2.5 - $3.5 range until the second half of February when it skyrocketed all of a sudden. February 22 saw the historically maximum price for MDX — $10.11. On the same day, one of the hugest crypto exchanges Gate.io opened MDX in its margin trading section and the news ofthe this upcoming event could have been the reason for the rally. However, it's more probable that the MDX price was only following the BTC surge that was taking place in the same days.

In the following days, the price of Mdex token has quickly declined and hit the bottom of around $3 by the end of March. Bitcoin was on the rise in early April so no wonder that MDX experienced a short spike, too, reaching $4.29 at the peak on April 7. Then, the price continued to decline. On May 27 the token was listed on Binance although it impacted the price only for a short time. While October and November of 2021 were the biggest months for Bitcoin, MDX didn't react much to that. The last two peaks on the MDX graph are $2.07 on September 7 and $1.13 on November 3. Ever since the price was mostly going down despite the stable development of the Mdex platform.

Conclusion

On the one hand, the token is widely considered a good investment as it is a part of the strong DeFi ecosystem which is Mdex. All experts predict its continuous yet gradual growth. On the other hand, we see that currently the token didn't manage to cement its lower support level and keeps on going down. One of the reasons is lack of marketing. Another reason is narrow exposure to popular crypto exchanges. Both issues might be solved soon. Nevertheless, we cannot promote MDX as one of the best investments. It is easier to find tokens that grow much faster and invest in them. There are lots of coins with a better reputation, a more stable support level, and faster-growing prices.