📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Recently, the Crypto Assets market has shown weak performance, and investors' attitudes are becoming increasingly cautious. The uncertainty of the international situation, especially the geopolitical tensions and potential changes in economic policies, has put considerable pressure on the market.
In such a large environment, the abnormal performance of some coins has attracted market attention. Among them, MYX coin became the market focus within just one week, with its price fluctuations being nothing short of dramatic. By setting an hourly funding rate, MYX successfully eliminated 99% of short sellers. Initially, the market expected its price peak to be around $1.8, but unexpectedly, MYX broke through the $2 barrier.
However, the good times did not last long. Soon, the true intentions of the manipulators came to light. They began to sell off their holdings in large quantities, causing the price of MYX to plummet to $0.8. This blatant market manipulation not only reflects the instability of the Crypto Assets market but is also one of the key factors contributing to the current market slump.
In such a turbulent and manipulated market environment, it is difficult to foresee significant signs of recovery in the short term. Investors need to remain vigilant and carefully assess various risk factors. At the same time, regulatory agencies may need to strengthen their oversight of the market to maintain fairness and stability.
Nevertheless, in the long run, Crypto Assets and their underlying technology still hold immense potential. Investors should focus on projects that have real application scenarios and long-term development prospects, rather than being misled by short-term price fluctuations. In this challenging market, patience and rationality will be the most valuable investment virtues.