Overview of MyToken (MT)
MyToken (MT) is a cryptocurrency token created on the Ethereum platform and launched in 2017. It operates within the broader ecosystem of utility tokens and is used primarily within its native platform for various decentralized applications and services.
The token enables holders to participate in platform governance, access premium features, and engage in ecosystem incentives. Like many altcoins, its value is influenced by market demand, project developments, and broader cryptocurrency trends.
Current MyToken Price and Performance
As of the latest data, MyToken is priced at $0.000231. Over the past 24 hours, the token has experienced minimal fluctuation, with an opening price identical to its current value.
Price Change Summary
| Timeframe | Change vs. USD | Change vs. BTC | Change vs. ETH |
|---|---|---|---|
| 1 Hour | +0.00% | +0.26% | +0.14% |
| 24 Hours | 0% | -0.51% | -0.73% |
| 1 Week | -- | -2.15% | -6.13% |
| 1 Month | -0.00% | -3.67% | +1.69% |
| 1 Year | +15.50% | -35.93% | +48.91% |
52-Week Price Range
- Low: $0.0000880
- High: $0.000275
The all-time high for MyToken was $0.0370, representing a decrease of approximately -99.38% from its peak.
Market Cap and Supply Metrics
While a precise market capitalization cannot be calculated due to unclear circulating supply data, an estimate based on total supply places MyToken’s market cap at around $924,000.
The fully diluted valuation (FDV), which uses total supply multiplied by the current price, offers a theoretical maximum market cap should all tokens be in circulation.
Token Distribution and Wealth Analysis
MyToken’s token distribution shows significant concentration among the largest holders, which is common among Ethereum-based utility tokens.
Wealth Distribution Breakdown
| Rank Group | Holdings | Percentage |
|---|---|---|
| 1–10 | 2,699,230,528 MT | 67.48% |
| 11–100 | 998,635,680 MT | 24.97% |
| 101–1000 | 247,062,555 MT | 6.18% |
| Other Addresses | 55,071,237 MT | 1.38% |
This distribution indicates that the top 10 addresses control more than two-thirds of the total supply. Some of these may belong to centralized exchanges or institutional wallets.
Contract Address:
0x9b4e2b4b13d125238aa0480dd42b4f6fc71b37cc
ROI and Volatility Metrics
MyToken has displayed varying returns and volatility over different periods:
- 3-Month ROI: -6.20%
- 6-Month ROI: -0.77%
- 12-Month ROI: +78.05%
Volatility has also shifted significantly:
- 3-Month Volatility: 31.78%
- 6-Month Volatility: 162.85%
- 12-Month Volatility: 308.44%
The maximum recorded drawdown was -99.91%, indicating high risk alongside potential returns.
Blockchain Activity and Adoption
- Token Holders: 36,162
- Token Transfers: 147,581
- Top 100 Holders: 3,700,094,951 MT (93% of total supply)
Transaction activity has been relatively low, with an average of 0.27 daily transactions over the past 30 days.
👉 Explore real-time blockchain metrics
Frequently Asked Questions
What is MyToken (MT) used for?
MyToken is designed as a utility token within its native platform, offering holders access to services, governance rights, and rewards. It operates on the Ethereum blockchain using the ERC-20 standard.
How can I buy MyToken?
MyToken is available on a limited number of exchanges. Always use reputable platforms, ensure secure storage—preferably in a self-custody wallet—and follow best practices for cryptocurrency transactions.
Why is MyToken’s price so volatile?
Like many small-market-cap cryptocurrencies, MT is subject to high volatility due to lower liquidity, speculative trading, and sensitivity to market sentiment and project updates.
What does the wealth distribution say about MT?
High concentration among a few addresses can indicate potential centralization risks. It may also reflect early investors, team allocations, or exchange-held reserves.
Is MyToken a good investment?
All investments in cryptocurrencies carry risk. MyToken’s historical performance, tokenomics, and use case should be carefully evaluated. Consider market conditions, project development activity, and your risk tolerance before investing.
Where can I track MyToken’s live price?
Various cryptocurrency tracking websites offer real-time price data, charts, and market information for MT. For a detailed market overview and advanced metrics, you can 👉 view live tracking tools here.
Conclusion
MyToken remains a niche cryptocurrency with a dedicated—if small—community of holders. Its performance over the past year shows both significant volatility and periods of positive returns. Prospective investors should conduct thorough research, analyze market trends, and consider the token’s utility and distribution model before getting involved.
As with any digital asset, staying informed through trusted sources and monitoring real-time data is essential for making educated decisions in the dynamic crypto market.