Can $MYX reach $0.20? 👀 At around $0.08–$0.09, MYX has already shown strong short-term momentum. But the real question is whether the move toward $0.20 can be supported by market cap, supply and actual protocol growth. Here’s the math 🧵👇 $MYX currently has roughly 387M circulating tokens and a 1B maximum supply according to CoinMarketCap. At $0.20: ➡️ Circulating market cap ≈ $77M ➡️ Fully diluted valuation ≈ $200M That’s important because $0.20 does NOT require MYX to become a multi-billion-dollar project. For comparison, established perp/DEX tokens have traded at much larger valuations. GMX currently has roughly an $80M market cap, while dYdX is around $108M. Hyperliquid is obviously operating on a completely different scale, with HYPE above $20B market cap. So from a pure valuation perspective, a $77M circulating market cap is not an extreme number for a derivatives/DeFi token. But there is a major catch: ⚠️ Supply expansion. MYX has a 1B maximum supply, while only a portion is currently circulating. CoinMarketCap shows the token allocation includes 40% ecosystem incentives, 20% core contributors and 17.5% investors. Future unlocks can therefore create additional sell pressure. CMC's recent analysis also highlighted MYX's monthly unlock structure as a potential source of persistent selling pressure. This means $0.20 becomes much easier if demand grows faster than new tokens enter circulation. There is also an interesting historical point: MYX previously reached an ATH around $19.03 in September 2025 before collapsing dramatically. I'm NOT using that ATH as a reason to expect another $19 move. Instead, it shows how extremely volatile MYX can be when liquidity and speculative demand enter the market. Another important factor is the protocol itself. MYX is a perpetual-DEX project, and DeFiLlama currently shows historical cumulative perp volume above $109B, although current activity/revenue metrics are much weaker than the historical cumulative number. That distinction matters. If MYX can turn trading activity into sustainable fees, liquidity and users again, the token can potentially justify a higher valuation. What would need to happen for $0.20? I would watch 5 things: 1️⃣ Price holds above the recent breakout zone 2️⃣ Volume remains elevated instead of disappearing after the initial pump 3️⃣ New token unlocks are absorbed by demand 4️⃣ MYX protocol usage and perp volume start increasing again 5️⃣ The broader DeFi/perp DEX sector remains strong The math is actually not crazy: ~$0.08 → $0.20 = 2.5x At 387M circulating supply, $0.20 ≈ $77M market cap. But if circulating supply expands materially before MYX reaches $0.20, the required market cap also increases. My takeaway $0.20 is mathematically achievable, but I wouldn't treat it as guaranteed. The interesting part is that MYX doesn't need a huge multi-billion-dollar valuation to reach $0.20. The bigger risk is token dilution + weak protocol fundamentals. If demand, volume and liquidity return faster than new supply hits the market, $0.20 becomes a realistic level to watch. If unlocks continue while organic demand remains weak, MYX could struggle even with short-term pumps. $0.20 is therefore less about hype and more about whether MYX can rebuild sustained demand. Watch the supply. Watch the volume. Watch the protocol activity. Not financial advice. DYOR. 🔍