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ItalianoTether vs MX – Price, Market Cap & Performance Compared
Which coin performs better – Tether or MX?
We compare the current price (0.99998 $ vs 2.45 $), market cap (158 577 166 622 vs 231 258 924) and all-time high (1.32 vs 5.85).
Find out which one stands out right now!
VS
Tether is currently trading at 0.99998 $, while MX stands at 2.45 $. These cryptocurrencies differ not only in price but also in market presence.
The market cap of Tether is around 158 577 166 622, and MX has about 231 258 924. Their respective all-time highs are 1.32 for Tether and 5.85 for MX.
Daily trading volume and the 24h price change (-0.00645 % vs -1.06966 %) also offer key insights.
Compare all metrics now and see which coin fits your investment strategy best!
Tether
Tether is a widely-used stablecoin in the cryptocurrency market, designed to maintain a value equivalent to a traditional currency like the US dollar. It provides traders and investors with a stable asset to navigate the volatile crypto landscape, offering a flexible means to move funds quickly between exchanges. Despite its popularity, Tether has faced scrutiny regarding its reserve holdings and transparency, sparking ongoing debates within the financial community.
more informationMX
MX is the native utility token of the MEXC Exchange, serving as the backbone for various activities within the platform's ecosystem. Primarily, it offers incentives such as reduced trading fees for users holding the token, along with participation in token sales and other exchange promotions. Community-driven features and a focus on user engagement make MX a central element in MEXC's strategy to enhance its competitive edge in the crypto market.
more information
Tether
MX
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General Information |
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Title
Tether
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Title
MX
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Symbol
usdt
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Symbol
mx
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Whitepaper
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Whitepaper
-
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Website
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Website
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Community
-
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Community
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Last Updated
2025-07-07 23:29
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Last Updated
2025-07-07 23:28
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Price Data |
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Current Price $
0.99998 $
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Current Price $
2.45 $
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High 24h
1 $
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High 24h
2.49 $
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Low 24h
0.99988 $
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Low 24h
2.43 $
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Price Change 24h
-0.00006 $
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Price Change 24h
-0.02651 $
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Price Change % 24h
-0.00645 %
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Price Change % 24h
-1.06966 %
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Market Data |
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Market Cap
158 577 166 622
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Market Cap
231 258 924
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Total Volume
43 495 403 942
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Total Volume
5 530 891
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Market Cap Change 24h
-55 568 586
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Market Cap Change 24h
-2 511 607
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Market Cap Change % 24h
-0.03503 %
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Market Cap Change % 24h
-1.07439 %
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Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
158 581 664 727
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Circulating Supply
94 310 834
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Total Supply
158 581 664 727
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Total Supply
416 185 834
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Max Supply
-
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Max Supply
-
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Historical Data |
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All Time High (ATH)
1.32
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All Time High (ATH)
5.85
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ATH Change %
-24.42294 %
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ATH Change %
-58.14775 %
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ATH Date
2018-07-24 00:00
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ATH Date
2024-04-09 22:10
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All Time Low (ATL)
0.57252
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All Time Low (ATL)
0.04218
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ATL Change %
74.6585 %
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ATL Change %
5 708.49968 %
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ATL Date
2015-03-02 00:00
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ATL Date
2019-11-25 05:59
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Tether
Understanding Tether: A Stablecoin Powerhouse
Tether (USDT) is a leading name in the world of stablecoins, a class of cryptocurrency designed to facilitate transactions by maintaining a stable value. Unlike volatile cryptocurrencies like Bitcoin or Ethereum, stablecoins like Tether aim to provide users with the stability of fiat currency, while still leveraging the benefits of blockchain technology.
The Mechanism Behind Tether's Stability
Tether achieves its stability by pegging its value to traditional fiat currencies, primarily the U.S. Dollar. Each Tether token is reportedly backed by an equivalent amount of fiat currency held in reserve. This 1:1 backing mechanism is key to maintaining the coin's stable value, as reflected in its market price which typically hovers around 1 USD.
Historical Development and Milestones
Tether's inception dates back to 2014, and since then, it has played a pivotal role in demonstrating the practical use case of stablecoins within the crypto ecosystem. Its journey has seen significant milestones, including reaching its all-time high of $1.32 in July 2018, and experiencing its low at $0.572521 in March 2015. These deviations, while noteworthy, are rare occurrences in Tether's overall history, underscoring its primary objective of price stability.
Advantages of Using Tether
The primary advantage of Tether is its stability, making it a safe harbor for investors during times of high volatility in the broader cryptocurrency market. By offering price predictability, it facilitates more efficient trading, lending, and arbitrage, making it an indispensable tool for crypto exchanges and users alike. Moreover, Tether's utility is further enhanced by its widespread acceptance and high liquidity.
Challenges and Controversies
Despite its widespread use, Tether has faced scrutiny regarding its claims of full fiat backing. Critics have raised concerns about transparency, regulatory challenges, and the adequacy of its audited reserves. These issues have occasionally prompted regulatory attention and calls for greater transparency and accountability from Tether’s management.
Future Outlook for Tether
The future of Tether rests heavily on its ability to maintain trust and transparency with users and regulators alike. As the crypto market matures, Tether is expected to continue playing a significant role, particularly if it can navigate the evolving regulatory landscape successfully. Its position as a stablecoin market leader suggests that it will remain a cornerstone in crypto trading, offering a reliable alternative to more volatile assets.
In conclusion, Tether stands out as a critical tool within the cryptocurrency space, providing much-needed stability for traders and businesses. Its ongoing relevance will depend on its adaptability to regulatory demands and its continued assurance of transparency and full reserve backing to its user base.
MX
Exploring MX: A Comprehensive Look at Its Journey and Potential
MX, a cryptocurrency gaining prominence in the digital asset sphere, has captured the attention of investors and enthusiasts alike. Known for its utility and integration within the Max Exchange ecosystem, MX has witnessed a journey characterized by volatility, growth, and potential for innovation. In this article, we delve into the background of MX, its historical performance, and evaluate its future prospects while weighing the pros and cons of this intriguing cryptocurrency.
The Genesis and Evolution of MX
MX serves as the native token for the Max Exchange, facilitating various transactional operations within the platform. Since its introduction, MX has been adopted by users for trading fee discounts, governance rights, and as a medium of exchange within the exchange's ecosystem. The coin's trajectory from its all-time low in November 2019, priced at a mere $0.0422, to reaching peaks as high as $5.85 in April 2024, underscores its growth potential and investor interest.
Advantages of Investing in MX
One of the primary advantages of investing in MX lies in its strong utility within the Max Exchange. Users benefit from reduced trading fees and participation in governance decisions, enhancing the coin's intrinsic value. Moreover, MX has demonstrated significant market resilience, with a substantial percentage gain from its lowest market point. This historical growth can attract investors seeking coins with a track record of price appreciation.
Challenges and Considerations
Despite its bright prospects, investing in MX is not without its challenges. Market volatility is a significant concern, exemplified by MX's sharp declines from its all-time highs, like the near 48% drop from April 2024. Additionally, as with many cryptocurrencies, regulatory challenges could impact its value and utility. The competition within the cryptocurrency exchange industry also requires MX to continuously innovate to maintain its market position.
Historical Performance: A Witness to Volatility and Growth
MX has experienced fluctuations reflective of wider market trends in cryptocurrency. It has shown resilience through various market cycles, with its ability to climb from an all-time low to significant highs. The 7096.39% increase from its lowest market value speaks volumes about its potential upside, though recent months have seen a more measured performance with a 24-hour range between $3.01 and $3.08. The current price, as of the latest data update on October 24, 2024, stands at $3.04, marking a slight daily reduction of approximately 1.39%.
Future Outlook for MX
Looking to the future, MX is positioned within a landscape filled with potential considering its foundational role in a thriving exchange platform. Its future success will likely hinge on continued adoption, enhanced utility, and responsiveness to regulatory frameworks. Additionally, the performance of the broader cryptocurrency market and technological advancements within the Max Exchange ecosystem will serve as catalysts for MX's price trajectory and market standing.
In conclusion, MX presents a blend of opportunities and challenges for cryptocurrency investors. With its history of significant gains and fluctuations, it remains a coin of interest for those seeking to engage with active crypto ecosystems. Prospective investors should remain mindful of the volatility and market dynamics influencing its future performance.