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MIRA Price Divergence Emerges Between CEX and On-Chain Markets

The price gap between MIRA on-chain and centralized exchanges narrows to $1.80, following a sharp surge in on-chain prices and highlighting the volatility between different markets.

Summary

On September 26, the price difference between MIRA's on-chain price and its price on centralized exchanges narrowed to $1.80, down from a previous $1.45 gap. The on-chain price surged over 95% to $3.7, while the CEX price remained at $2.25, signaling volatility and market discrepancies.

Terms & Concepts
  • Centralized Exchange (CEX): A cryptocurrency trading platform operated by a centralized organization, where transactions occur within the exchange's internal ledger rather than directly on a blockchain.
  • On-Chain Pricing: The market valuation of a cryptocurrency based on decentralized, blockchain-recorded transactions rather than exchange order books.
  • Price Spread: The difference between asset prices across trading platforms or markets, often influenced by liquidity, demand, and transaction costs.