Mobile banking altcoin projects have surged over the past seven days ahead of the rollout of a new token strategy and upcoming update.
MinePlex (PLEX) peaked this week at $0.309 from a January 8 low of $0.109, up more than 183% in just seven days.
The 267th largest crypto asset by market capitalization is up more than 18% in the last 24 hours alone.
The MinePlex blockchain is a mobile crypto bank that utilizes two native tokens. PLEX is the payment and asset token and MINE is the fixed value token of the system. MinePlex rewards the user with her PLEX tokens. This token can be converted to USDT or MIN in the app for staking.
mineplex To tell The company’s new strategy has increased PLEX’s price.
“We have launched a new economic model for MINE and PLEX tokens, which will allow us to increase the demand for PLEX and reduce the supply. This will be reflected in the price of the tokens.
The mood among MinePlex users will also be boosted by the upcoming halving, when PLEX emissions will be halved.
An updated MinePlex.Finance will be released within the next four months. This is a mobile bank account for EUR, USD and PLEX. ”
Despite this week’s price hike, PLEX remains down more than 87% from its all-time high of $2.45 set in November 2021.
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