Matryx (MTX) Live Price Chart & History

Live MTX / USD Price Chart

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Price USD 4.02%
$1.068680
Price BTC
0.00008417
Volatility (7d)
4.48 %
Volatility (30d)
4.95 %
Market Cap USD
$0.0M
Market Share
Since launching at $0.722637 on 02/01/2018 Matryx has achieved a price of $1.06868, falling -47.49% in the last week alone.

Matryx Price Analysis: Predictions and Forecasts

Why buy Matryx? What is it used for?

Matryx is a platform for decentralized collaboration. Matryx consists of a bounty system, a library of digital assets, and a marketplace. Problems are posted, along with a bounty for a verified solution. Users then collaborate to solve problems, share results, and earn rewards. Rewards are given to all relevant contributors, and all submissions are added to the Matryx library and marketplace for future purchase. This will create an ecosystem of public collaboration and ideas that will drive research and innovation... Innovation is an iterative process; scientists have mastered the art of standing on the shoulders of giants. New discoveries are the result of collaboration between mathematicians, scientists, and researchers alike, each building on thousands of years of established knowledge. In this paper we present Matryx, a platform that enables and incentivizes this type of collaboration. Matryx is composed of a bounty system and a marketplace for digital assets to be bought, sold, and remixed into new assets. Bounties are placed on solutions to specific problems. Submissions to bounty tournaments enter the collection of assets and are available to other users. In this way collaborators are incentivized to build, distribute, and expand upon each other’s work in the pursuit of valuable goals. Matryx reduces friction of collaboration between strangers by providing a common framework and concrete goals. While this paper will focus on its applications within the fields of science, technology, engineering and mathematics, Matryx’s approach to collaboration is applicable in a wide variety of fields.
Matryx was launched in 02/01/2018. .

Trading Matryx : The Best Platforms to trade MTX

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Matryx Trading: How To Buy + Trade MTX

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Matryx wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades MTX
  5. Exchange your BTC, ETH or LTC for an amount of MTX, depending on the current exchange rate
  6. Move your Matryx coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading MTX on an exchange

As you can see, the process for trading Matryx is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Matryx crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Matryx goes to zero

You can see our list of featured trading platforms here

Will the price Matryx fall continue to rise?

It's impossible to predict for sure if Matryx is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Matryx has fallen by -47.49%
  • In the past month it has gained 31.750722502408%
  • In total it has appreciated by $0.346043 since its inception, a change of 147.89%

Can Matryx reach, replace, pass or overtake bitcoin?

At present Matryx is trading at 0.00008417 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 1,188,071.8%. If we assume Matryx continued to as it has in the last month - with a price change of 31.75% it would take 2.8859704188098 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of MTX is going to take off and increase in price to a higher level we've done the math for you.
In order for Matryx to reach $5.00 it needs to increase in price by a factor of 4.68x. Given its present growth rate of 31.75% per month, it could take just 6.7 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week1.2%98.7%
1 month13.8%86.1%
3 months26.5%73.4%
6 months32.8%67.1%
1 year37.7%62.2%
2 years41.2%58.7%
3 years42.8%57.1%
4 years43.8%56.1%
5 years44.4%55.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Matryx to reach $10.00 it needs to increase in price by a factor of 9.36x. Given its present growth rate of 31.75% per month, it could take just 9.7 months to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%99.9%
1 month5.7%94.2%
3 months18.1%81.8%
6 months25.9%74%
1 year32.5%67.4%
2 years37.4%62.5%
3 years39.7%60.2%
4 years41%58.9%
5 years41.9%58%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Matryx to reach $15.00 it needs to increase in price by a factor of 14.04x. Given its present growth rate of 31.75% per month, it could take just 11.5 months to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%99.9%
1 month3.1%96.8%
3 months14.1%85.8%
6 months22.3%77.6%
1 year29.6%70.3%
2 years35.2%64.7%
3 years37.8%62.1%
4 years39.4%60.5%
5 years40.5%59.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Matryx to reach $25.00 it needs to increase in price by a factor of 23.39x. Given its present growth rate of 31.75% per month, it could take just 1.1 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%99.9%
1 month1.3%98.6%
3 months9.9%90%
6 months18.2%81.7%
1 year26.2%73.7%
2 years32.6%67.3%
3 years35.6%64.3%
4 years37.5%62.4%
5 years38.7%61.2%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Matryx to reach $50.00 it needs to increase in price by a factor of 46.79x. Given its present growth rate of 31.75% per month, it could take just 1.4 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0.3%99.6%
3 months5.8%94.1%
6 months13.4%86.5%
1 year21.8%78.1%
2 years29.1%70.8%
3 years32.6%67.3%
4 years34.8%65.1%
5 years36.4%63.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Matryx to reach $100.00 it needs to increase in price by a factor of 93.57x. Given its present growth rate of 31.75% per month, it could take just 1.6 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%99.9%
3 months3.2%96.7%
6 months9.5%90.4%
1 year17.9%82%
2 years25.8%74.1%
3 years29.8%70.1%
4 years32.3%67.6%
5 years34%65.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Matryx to reach $200.00 it needs to increase in price by a factor of 187.15x. Given its present growth rate of 31.75% per month, it could take just 1.9 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%99.9%
3 months1.6%98.3%
6 months6.6%93.3%
1 year14.5%85.4%
2 years22.7%77.2%
3 years27%72.9%
4 years29.8%70.1%
5 years31.8%68.1%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Matryx to reach $300.00 it needs to increase in price by a factor of 280.72x. Given its present growth rate of 31.75% per month, it could take just 2.0 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%99.9%
3 months1%98.9%
6 months5.2%94.7%
1 year12.7%87.2%
2 years21%78.9%
3 years25.5%74.4%
4 years28.4%71.5%
5 years30.5%69.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Matryx to reach $400.00 it needs to increase in price by a factor of 374.29x. Given its present growth rate of 31.75% per month, it could take just 2.1 years to hit a price target of $400 USD

What is the probability of hitting $400.00 over time?

Time periodChance final price > $400Chance final price < $400
1 week0%100%
1 month0%99.9%
3 months0.7%99.2%
6 months4.4%95.5%
1 year11.5%88.4%
2 years19.8%80.1%
3 years24.4%75.5%
4 years27.4%72.5%
5 years29.6%70.3%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Matryx a good investment? Is it safe to put my money into MTX?

No, it is not a 'good investment' to buy Matryx, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Matryx as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of MTX - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

Matryx Development + Team

There are 9 developers coding the source behind Matryx There are no sales or marketing staff on the team which could impede the coin's growth.

Matryx doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team for Matryx is lead by Steve McCloskey,

The team is not active on the social media channels, which can be a troubling sign. Their blog is updated regularly with news and information on Matryx's development

.

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

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