Under the Radar Altcoin Explodes 200% in Just One Week as Crypto Market Volatility Returns
While most of the cryptocurrency market is suffering losses, an under-the-radar altcoin is up 200% in just seven days. It is trading at $0.18 at the time of writing, up from $0.06 seven days ago. The crypto asset, ranked 183rd by market cap, is up over 44% in the last 24 hours alone.
MDEX operates a decentralized exchange (DEX) that just this week launched a perpetual trading feature with USDT margin, news that may have contributed to the price jump of its native assets.
MDEX has partnered with on-chain derivatives trading platform ApolloX Finance to launch the feature, which supports both cross-margin and isolated margin modes. MDEX traders using the native DEX asset MDX get a 10% discount on perpetual trading fees.
Explains MDEX: “The MDEX USDT perpetual margin trading feature supports cross positions and isolated positions simultaneously. Users can switch between cross position mode or isolated position mode to trade and it will not affect existing positions.
To celebrate the new perpetual trading feature, MDEX and ApolloX Finance launched a $10,000 Airdrop event that ran for six days between October 10th and 15th. All-time high of $10.11 set in February 2021.