Maximine Coin (MXM) pumps over 30%

26 Mar, 2019
by David Robb
Price Action
Maximine Coin (MXM) pumps over 30%

In a mostly negative day for the top cryptos, 41st-placed Maximine Coin (MXM) performed well, surging by over 30 percent. This is the biggest spike in an impressive week that has seen the crypto double its market cap.

Maximine Coin (MXM) - $0.097408 (30.85%)

Image from Gyazo

This latest MXM rally is likely due to the token's listing on Singapore-based trading platform Bitforex. This listing may well have been due to its remarkable performance for most of the year, particularly in March. Since January 1, MXM's market cap has increased by over $120 million.

Image from Gyazo

The reasons for this impressive performance are unclear, as there have been few other major developments for the crypto. Also, a significant amount of MXM trading volume was on CoinBene, which is an exchange that has been highlighted for possible 'wash trading'.

Read more: Altcoin season is back: these are the 10 best performers right now

Other double-digit gainers in the top 50 were Bitshares (BTS), which is up 17.48%, and KuCoin Shares (KCS), which has increased in value by 10.58 percent

Read more: Bitcoin drops below $4,000, will this be another 'Bloody Monday'?

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