Why MBL crypto's price and volume are skyrocketing today?

March 14, 2022 07:32 PM AEDT | By Raza Naqvi

Why MBL crypto's price and volume are skyrocketing today?

What is MBL crypto, and why is it gaining attention?

MBL crypto is the native token of MovieBloc and has economic use cases like allowing users to watch premium content and make payments via MBL crypto.

Creators could also use the MBL crypto to pay translators, make donations, and reward users for film review, rating, or reporting illegal content.

MovieBloc is a streaming platform based on blockchain technology, and it aims to address the issues caused by conglomerates in the theatre and home entertainment industry.

The official website allows creators to showcase their movies worldwide on MovieBloc. Additionally, the platform will enable creators to add subtitles in the language of their choice to allow more audiences to enjoy the movie.

MovieBloc claims that it gives an equal sharing opportunity to a user and shares revenue and audience data transparently. Also, apart from allowing audiences to enjoy movies, MovieBlock gives them a chance to earn money by marketing movies and creating subtitles.

As per CoinGecko data, the price of MBL crypto has gone up by 131.2 per cent in the last two weeks and 122.8 per cent in a month.

The sudden price surge of MBL crypto could be due to announcing the latest partnership. On March 2, MovieBloc announced on Twitter that it has partnered with Continuance Pictures and will distribute its films on its platform.

Bottom line

The streaming services platforms have gained momentum in the last few years, and with the rise of blockchain technology, it appears that platforms like MovieBloc could expand in future.

The total and maximum supply of MBL crypto is 30 billion, and the circulating supply is 13.53 billion MBL tokens, according to CoinMarketCap data.

MBL crypto is currently available on Mandala Exchange, Binance, and other cryptocurrency exchanges. However, it is essential to do proper research before buying virtual currencies.

Also Read: Why did Star Wars Cat (SWCAT) crypto soar over 2600%? Is it a scam?

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