MDT up over 170% in the last 24 hours, will the rally continue?
The post MDT up over 170% in the last 24 hours, will the rally continue? appeared on BitcoinEthereumNews.com. MDT (MDT), the native token of the decentralized data exchange platform Measurable Data, jumped nearly 170% on July 25. Could the token be gearing up for further gains? Summary MDT surged nearly 170% on July 25, reaching a six-month high of $0.043. The rally followed the launch of RewardMe 2.0, which integrated MDT as the platform’s new crypto reward token. Technical indicators confirm a bullish breakout supported by a golden cross and falling wedge pattern. According to CoinGecko data, MDT rose to a six-month high of $0.043, with its market cap climbing from approximately $10 million to $26.8 million within just three hours during early Asian trading hours on Friday. Why is MDT price rising? Over the last 24 hours, the altcoins’ daily trading volume shot up by more than 2,200%, which is usually a sign that retail investors may be fueling the rally. MDT’s recent price surge appears to be supported by the official launch of RewardMe 2.0, which was announced by the RewardMe team in a July 22 post on X. The updated version introduces MDT as the platform’s new crypto-based reward option. Under the new system, users can choose to receive rewards in MDT, which is now integrated into the app as both a cashback and staking token. The platform has retired its legacy ME token, which previously served as an in-app reward unit. ME functioned as a closed reward point system and was not designed for blockchain use. Existing ME balances were converted to Reward Dollars at a 1:1 ratio. RD remains available for in-app redemptions like gift cards, though it is not transferable or blockchain-based. The rollout of RewardMe 2.0 marks a broader transition from a closed rewards model to a blockchain-integrated system, positioning MDT at the center of the ecosystem’s future growth. For the…
The post MDT up over 170% in the last 24 hours, will the rally continue? appeared on BitcoinEthereumNews.com.
MDT (MDT), the native token of the decentralized data exchange platform Measurable Data, jumped nearly 170% on July 25. Could the token be gearing up for further gains? Summary MDT surged nearly 170% on July 25, reaching a six-month high of $0.043. The rally followed the launch of RewardMe 2.0, which integrated MDT as the platform’s new crypto reward token. Technical indicators confirm a bullish breakout supported by a golden cross and falling wedge pattern. According to CoinGecko data, MDT rose to a six-month high of $0.043, with its market cap climbing from approximately $10 million to $26.8 million within just three hours during early Asian trading hours on Friday. Why is MDT price rising? Over the last 24 hours, the altcoins’ daily trading volume shot up by more than 2,200%, which is usually a sign that retail investors may be fueling the rally. MDT’s recent price surge appears to be supported by the official launch of RewardMe 2.0, which was announced by the RewardMe team in a July 22 post on X. The updated version introduces MDT as the platform’s new crypto-based reward option. Under the new system, users can choose to receive rewards in MDT, which is now integrated into the app as both a cashback and staking token. The platform has retired its legacy ME token, which previously served as an in-app reward unit. ME functioned as a closed reward point system and was not designed for blockchain use. Existing ME balances were converted to Reward Dollars at a 1:1 ratio. RD remains available for in-app redemptions like gift cards, though it is not transferable or blockchain-based. The rollout of RewardMe 2.0 marks a broader transition from a closed rewards model to a blockchain-integrated system, positioning MDT at the center of the ecosystem’s future growth. For the…
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