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Highlights
- The Mithril crypto is primarily a multi blockchain-driven decentralised social token that allows content creators to earn additional income for generating the content.
- On 22 July, the MITH crypto is one of the top gainers amidst the top 500 tokens with a rally of over 44% and a volume gain of over 606%.
- The 410th-ranked Mithril crypto was trading at US$0.045129 with a 24-hour trading volume of US$14,93,91,876, according to CoinMarketCap
The crypto world has seen a flurry of several new concepts and tokens, such as decentralised finance (DeFi) tokens, non-fungible tokens, fan tokens, and others. There is another set of tokens that is fast catching with crypto enthusiasts is the social tokens, which have been creating a niche for themselves, especially after the success of projects, such as Steemit, Waves, DeSo, etc.
Today, the market cap of these tokens is estimated to be around US$9,875,281,302 with a trading volume of US$1,107,386,286 over a day, as per CoinMatketCap.
Another crypto that is making strong waves into space is the Mithril (MITH) crypto. The MITH crypto has been raking up strong numbers as it has over the past 30 days or so, amassed gains of over 220%. Even on 22 July, the MITH crypto is one of the top gainers among the top 500 tokens with a rally of over 44% and a volume gain of over 606%.
All details here
The Mithril crypto is primarily a multi-blockchain-driven decentralised social token that allows content creators to earn additional income for generating the content. Focusing on user privacy, it is dubbed as a token that may take social media to the next level.
The Taiwan-based protocol was founded by Jeffrey Huang, who is a strong believer that content creators should be rewarded for creating unique and engaging content. Although there isn’t much on the protocol, which would give further insight into the project’s future roadmap, it has been trending hot among the cryptos of the segment.
The MITH crypto over the past week has registered gains of over 150% with strong momentum. According to the charts, the MITH crypto’s MACD line indicates the signal line is well below the MACD line, which has zoomed ahead due to the recent rallies.
Image Credit: Trading View
Despite receiving a momentary blip on 20 July, the MACD line has got back on track with line moving forward.
The RSI, meanwhile, seems to have lost a bit of momentum after reaching a 14-day high of 87.13 on 17 July. Despite that, the RSI of the Mithril crypto stood at 71.36 during the intraday trading session.
MITH crypto’s price performance
The 410-ranked Mithril crypto was trading at US$0.045129 with a 24-hour trading volume of US$14,93,91,876, according to CoinMarketCap. Mithril crypto had a live market cap of US$4,51,28,559, with a circulating supply of 1,00,00,00,000 MITH coins.
The Mithril crypto has also indicated extreme volatility at times, indicating why proper market research is critical before anyone decides to make the jump to the crypto space. Any decisions taken without any research may result in financial losses to the investors.
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