With the prospect of an upcoming bull market in the horizon, the hunt for the next altcoin that has a 10x potential begins!

Take a look at the following chart of a particular cryptocurrency token that has caught my attention, by virtue of its relentless upward trend that has since seen a massive 350% increase from its low in the recent bear market.

Compare the price action of the token above, to that of the king of cryptocurrencies, BTC/USD as shown below.

While due respect and acknowledgement must be given to Bitcoin for having built great market structure and relative resilience during the recent bear market, it is noteworthy that the altcoin of interest above has outperformed Bitcoin by quite a respectable degree, and over a considerable period of time.

The next question that comes naturally to mind — what is driving the performance of this particular token; and is this the next altcoin to 10X?

Introducing the MX Token

The altcoin of interest is MX token, the native cryptocurrency of MEXC Exchange, which is currently trading at $2.7 at the time of writing. It is a utility token used on the exchange to pay for transaction fees, receive trading fee discounts, and participate in token sales on the exchange. The MX token has seen a considerable rise in interest lately, outperforming Bitcoin on almost all timeframes for the past few months. With a maximum supply of 1 billion tokens, there’s a great potential for the token’s value to continue to soar as the popularity of the MEXC Exchange grows.

Allure of MX

Perhaps a major driving force behind the stellar performance of the MX token has been its utility in the MEXC exchange, which grants token holders the privilege of participating in various promotional activities and airdrops on the MEXC Exchange, such as shown below.

MEXC Exchange is a fresh-faced crypto exchange that’s fast becoming a top pick among cryptocurrency enthusiasts due to its intuitive platform, low fees, and diverse range of trading pairs. This Singapore-based exchange was founded in 2018, and in just a few years, has grown to become a global player with over 5 million users worldwide — and not without some very solid reasons!

Kickstarter

Receive free airdrops before token launch, with MEXC Kickstarter! The Kickstarter is a listing campaign initiated by the project team on MEXC where users can commit MX to support their favourite projects before their launch, and in return receive airdrops based on the amount available in the reward pool. This event is designed to identify high-quality projects and, at the same time, bring airdrop benefits to MEXC users. All MEXC committed to the Kickstarter events will be locked for a short duration of time during the commitment process, following which it will be released and become eligible for participation into any further rounds of Kickstarter sessions.

Since its inception, the Kickstarter event has seen a host of various interesting airdrops such as the ones shown below, the full list of which can be viewed here.

In fact, the recent memecoin PEPE which is exploding in popularity, was offered by MEXC as a free airdrop when it first made its debut on 18th April 2023!

MEXC Kickstarter — Vote to Win Free 745,000,000,000 Pepe (PEPE) Airdrops! — Announcement

Launchpad

While the Kickstarter offers airdrops of both new and established tokens, the MEXC Launchpad grants MX token holders airdrops of initial listing projects that are fresh off the market.

That’s not all!

Apart from the standard offerings of a cryptocurrency exchange such as spot/ futures trading, P2P services and trading bots, MEXC also regularly hosts futures trading campaigns, known as M-Days which rewards users for participation in futures trading activities.

How To Earn Airdrops?

• Sign up for MEXC, if you have not already done so!

• Purchase MX token to hold in your spot account. (Do note the minimum amount of MX tokens required to be held for different airdrops may differ, and are subject to change)

• Commit MX token to the various listings, and earn free airdrops!

• Rinse and repeat!

Final Thoughts

The MEXC Exchange has quickly become a top choice among cryptocurrency traders worldwide, thanks to its user-friendly platform, diverse range of trading pairs, and low transaction fees. While MEXC is indeed a lesser-known trading platform, it nonetheless shows a very promising potential for growth, which imparts an optimistic outlook to its utility coin, the MX token — making one wonder:

• Could this be the next BNB?

• Could this be the next coin to 10X during the bull run?

Having made 3.5X progress so far, it is not hard to visualize the MX token leaping 10X from its recent low, when the bull market arrives in full force!

What better way to benefit from the upcoming bull run than to ride the uptrend of the MX token and enjoy airdrops while holding the token? Sign up here to enjoy up to $1000 signup bonus for new users!

What are your thoughts on this? Feel free to leave your comments below.

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