Here’s why Moonchain’s MXC rallied over 240% today

MXC, the native token of the Blockchain Platform of layer 3 Moonchain, recently increased up to 247%, thanks to the reactivation of its mining program and to a wave of updates of the ecosystem.

According to Coingecko data, Moonchain (MXC) reached an intraday summit of $ 0.00,525 on the morning of May 29, the Asian time, pushing its market capitalization in front of $ 11.6 million. During writing, the token increased by 675% compared to its lowest point this year, marking one of its strongest movements in 2025 so far.

MXC Crypto has also recorded a sharp increase in negotiation activity, the daily volume has led more than 500% compared to the day before, reaching nearly $ 22.5 million, reporting a flow of new interests and new impetus.

What is behind the rally?

There are three main catalysts leading to the breakdown of MXC:

First of all, Moonchain’s team officially reactivated MXC Mining on its network using M2 Pro and Neo Minex Miners, after a temporary breakdown on May 21. This reactivation also intervened after a community survey conducted by Matchx on X on May 19, where 97.9% of the participants voted in favor of the resumption of MXC Mining.

For the context, Matchx is a German technology company that builds low energy mining equipment specifically for the Chain de Moon ecosystem. Their devices help Power Moonchain’s data infrastructure and allow users to win MXC by participating in its system of proof of participation (POP).

Second, Moonchain tackle The upcoming launch of its initial material offer (IHO). This campaign will send free physical operating devices, perhaps portable devices such as smartwatches or rings, Moonchain token holders using an Ethereum intelligent contract.

According to the T2 2025 roadmap for the project, the IHO will also include “health -based” operating devices and high -edition rate of limited edition rate to reward users who lock their tokens early. Distribution hubs are also implemented in key regions to ensure faster deliveries.

Third, Moonchain recently finished a Integration with the OKX walletA leading multi-chaînes portfolio in web3 space. Integration allows users to easily access Moonchain DAPPs, staging features and token tools on mobile, browser and telegram.

With Okx walletSupport of more than 1,000 protocols, the trip positions better both existing users and new users to engage with the ecosystem.

What is Moonchain?

For those unknown, Moonchain is a layer 3 blockchain platform that combines AI, IoT and Depin (decentralized physical infrastructure networks). Its native token, MXC, feeds transactions within the network, supports an inter-chaînes NFT market and rewards participants via its model of proof of energy efficient participation.

The project also includes MXProtocol and is based on Ethereum layer 2 technology, including its own ZkevmTo improve compatibility with existing Ethereum -based applications. This positions Moonchain as a solid choice for developers working on real world use cases, especially in smart devices and data sharing networks.

MXC price prices

On the technical side, MXC came out of a descending channel of several months, which often signals the start of a new potential trend. It also maintained above the Fibonacci trace level of 61.8% to $ 0.0048 before cooling at around $ 0.0041 at the time of the press.

Eln indicators support the bullish case. The MacD lines cross the top and the index of relative resistance is in the excessive area, often a sign of sustained purchase pressure and conviction of the solid buyer in an upward trend.

However, excessive conditions can also cause short -term sales pressure if traders are starting to lock profits.

If MXC continues upwards, the next probable target is about $ 0.0061, a key level that it has not reached in its previous thrust. But if it falls below the support of $ 0.0030, it could slide further $ 0,00060, which is currently acting as a psychological support area.