The past week was indeed an interesting one in the crypto market. At present many coins are plunging deep and trading in the red, almost all the top twenty coins are experiencing “bloody red day”.
Despite of this Bloody red day, surprisingly, one altcoin recorded huge gains in double-digit compared to other currencies and enjoying green day.
A Closer Look
Since its launch in the year, August 2018, the MXM-to-dollar rate remained down, with no high trading activities. In February we can notice an abrupt rise in 2019 rally, which rippled through March.
At present, the coin is rising 30.36% on an adjusted timeframe. The price it jumped 33.97% against bitcoin and 34.07% against ether. At the time of writing, the MXM coin is trading at $0.095584 with market cap value $157,618,344 ranking in 40th position.
Moreover, this MXM rally is due to the token’s listing on Singapore-based trading platform Bitforex. This listing may be based on its remarkable performance for most of the year, particularly in March. Additionally, a remarkable amount of MXM trading volume was on CoinBene, which is an exchange that has been highlighted for possible ‘wash trading’.
The latest price of Maximine Coin is $0.097291 and is up 30.83% over the last 24 hours. It is currently trading on 6 active markets with $26,482,611 USD traded over the last 24 hours. Maximine Coin has a current supply of 16,000,000,000 MXM with 1,649,000,000 MXM in circulation.
Basically, Maximine is a cloud-based mining pool that has its own Ethereum-based token of the same name. Users stake tokens to receive a share of the mining-pool rewards. It’s currently listed on only three exchanges—Coinbene, HitBTC and Livecoin—with 99 percent of its trading volume solely on Coinbene.
Moreover, the main aim of the firm is on building up the client base, as well as finding partners. This is a good commercial project that does not offer a revolution in technology.
A couple of days back, Maximine coin was listed on Coinbit, the most reliable exchange platform in korea. Also, over the last month, its price has increased 2,000 percent, taking it from the lower end of the top 200 coins into the top 40 (by coin market cap). It jumped 30% in the last day alone.
Recently, the firm claimed that
“Maximine only took two weeks to climb up the charts”
In March, MaxiMine participated in several blockchain events, including the Hong Kong Blockchain Week, “NEXT Blockchain Technology and Application Impact Summit”, “2019 Global Digital Innovation Conference”, “New Technology Hong Kong University Science Popularization”, and Peking University’s “2019 Digital New Financial Leaders”.