In the past week, a mobile banking cryptocurrency project has exploded in value due to implementation of a new token strategy and in anticipation of an upcoming update.
MinePlex (PLEX) gained more than 183% in just seven days when it reached its top this week at $0.309 from a low of $0.109 on January 8.
The market cap of the 267th-ranked cryptocurrency asset has increased by more than 18% just in the last day.
Using two native coins and the MinePlex blockchain, a portable cryptocurrency bank. MINE is the fixed-value token for the system, and PLEX is the token for payments and assets. The PLEX tokens MinePlex users earn as prizes can then be converted to USDT or MINE on the app.
MinePlex claims that the company’s new strategy has increased the price of PLEX.
A new MINE and PLEX token economic model that we’ve introduced enables us to increase PLEX demand while reducing PLEX supply. This is reflected in the token price.
Users of MinePlex are encouraged by the upcoming halving when the PLEX emission will be decreased in half.
The redesigned MinePlex.Your mobile bank account in euros, dollars, and PLEX will be available within the next four months.
PLEX is still down more than 87% from its all-time high of $2.45 in November 2021, despite this week’s price rises.