The price of the Mythos crypto token rose sharply earlier today in an uncharacteristic intense period of trading activity.
Mythos 암호화폐 토큰의 가격은 오늘 일찍이 평소와는 다른 강렬한 거래 활동 기간에 급격히 상승했습니다.
According to CoinMarketCap data, MYTH surged from $0.2623 to $0.7843 within four hours in a move that marked an increase of about 200%. The token later pulled back to around $0.4261 at press time, leaving questions as to its sudden rise.
Mythos (MYTH) aims to support game developers building play-to-earn blockchain games, according to its website. The project was created by Mythical Games, a gaming studio developing multiplayer online games with economies centered around non-fungible tokens (NFTs).
Mythos(MYTH)는 웹사이트에 따르면 게임 개발자가 플레이하여 수익을 창출하는 블록체인 게임을 구축하도록 지원하는 것을 목표로 합니다. 이 프로젝트는 대체 불가능한 토큰(NFT)을 중심으로 한 경제를 통해 멀티플레이어 온라인 게임을 개발하는 게임 스튜디오인 Mythical Games에 의해 만들어졌습니다.
Trading volume in MYTH also spiked during the brief run-up, rising from well under $65,000 earlier today to $2.83 million as of press time. That represents an increase of over 2,830,000% compared to the lowest end of the 24 hour volume reported by the token on the same day.
You might also like: Crypto analyst bullish on Dogecoin as crypto market rallies
당신도 좋아할 수도 있습니다: 암호화폐 시장이 상승함에 따라 Dogecoin에 대한 암호화폐 분석가의 낙관
The pump in price and trading activity could potentially indicate manipulation in MYTH’s relatively small market. With a market capitalization of $13.24 million and its low trading volumes, MYTH would be susceptible to coordinated buying intended to temporarily inflate valuations by large holders.
However, no definitive proof of manipulation behind today’s price action has surfaced at this time. The Mythos project has not issued any announcements or developments that would explain the trading volatility in fundamental terms. The latest vote made by the project’s decentralized autonomous organization ended two months ago in an approval for an $850 monthly budget for an ambassador program.
Read more: Crypto analyst sees XRP as a potential market driver
더 읽어보기: 암호화폐 분석가는 XRP를 잠재적인 시장 동인으로 봅니다.