Mithril is a decentralized social media platform that rewards all content creators.
Mithril is a decentralized social media platform called the “Best Asset for Social Media in 2018”. The idea is quite simple: service users will be encouraged for creating content by receiving tokens. This model is called social mining. The same principle underlies Steemit, DTube, and Yours platforms.
“Professional content owners, such as singers, songwriters, and other digital rights holders, can monetize their content; content creators in the traditional model do not receive economic benefits. Increasingly, valuable content is being created from all walks of life through video blogs, audio/podcasting, and real-time streams. We believe that anyone who adds value to the network should benefit from their work …”- Jeffrey Huang, founder of Mithril project.
Mithril team has a few great partners in the crypto sphere. Some of them include the QTUM cryptocurrency project, the Machi X exchange, and the Sora blockchain foundation. Before MITH hit the market, 300 mln MITH tokens were sold during the private sale. No airdrops, bounties or public sale was organized.
Mithril Coin Fundamental Value
The decentralized nature of Mithril blockchain makes the project popular – users get the opportunity to exchange messages and content in a free, uncontrolled ecosystem.
To popularize Mithril, developers implement the principle of social mining: they provide participants with the opportunity to earn money by posting content. Photos, videos, publications, reviews, live broadcasts – any activity and content can be monetized to earn money.
Users can use the received Mithril tokens to access new platform tools, premium content or applications. Thanks to this approach, in addition to the social network, an integral ecosystem is formed with its own economic model.
In addition to the internal use of cryptocurrency, there are opportunities for its transfer to BTC and ETH. via Mithril Vault exchange platform.
|Asset Type||ERC-20 Token|
|Market Cap||$11 810 459|
|Curr. Supply / Total Supply||688 279 402 / 1 000 000 000 MITH|
|ROI since launch||-81,17%|
|Launch date||25 March 2018|
Mithril 2018-2019 Price History
During 2018, Mithril lost almost 80% of its original price: it fell from $1.33 to $0.07. Probably, it happened due to the fact that Mithril has serious competitors in the sphere of crypto-based social media, and the idea of token rewarding for content sharing is not new. Lack of users and platform growth affected MITH price.
In 2019, MITH restored its previous positions thanks to adopting Binance Chain technology – it became the first social media to do it.
Mithril (MITH) Technical Analysis
What’s the current MITH market situation? Check Mithril technical analysis from TradingView:
Mithril Community Reputation
There is not much information about Mithril – the community is relatively small. Yet, the Mithril Twitter channel has over 23K followers, and the creators keep working on the project for massive adoption. Seems like Mithril mostly appeals to the Asian audience rather than US users. The project needs some extra features to drive interest – the rivalry on the crypto social media market is hot.
As we see in Google Trends, MITH is slightly losing the positions due to the lack of community’s interest.
Influencers Projections on Mithril
Mithril price predictions are scarce, but we’ve managed to find a few MITH price forecasts in the Net.
Since the altcoin season has just started, MITH has a great chance to hit the new resistance levels and increase by 20-30% more.
But what about Mithril price predictions 2019?
- According to DigitalCoin, in 2020, MITH might cost $0.03521089.
- WalletInvestor predicts that in a year, MITH will be worth $0.00765.
- TradingBeasts website provides the following info: MITH price prediction 2020 is $0.04 – 0.06.
What to expect from Mithril price in 2020?
Since the altcoin season has started, MITH is likely to hit $0.02 target in the nearest days. During 2020, MITH might crawl to as high as $0.06.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.