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Shortcaps of the Cardano (ADA) Summit 2021



Shortcaps of the Cardano (ADA) Summit 2021
  • Cardano Summit 2021 outshines the whole platform.
  • The platform to be innovated in aspects of NFTs and DeFi.
  • Announcements confirm numerous partnerships on the rise.

The Cardano Summit 2021 was a huge success, as far as the team from Cardano Foundation insists. But yet, many exciting news were announced officially, regarding the future plans for the platforms, numerous partnerships and more. 

Plans for the Cardano Platform

The Cardano Foundation is said to have founded the Cardano (ADA) Summit too. Accordingly for the year 2021, the Cardano Summit was held in about six different countries in a period of two days. Upon this, the Cardano Summit 2021, held in the month of September in 2021 gave out a huge aura of positivity.  

In spite of all this, the CEO of Cardano Foundation, Frederick Gregaard states that the main notion of their platform is to technologically excel.  This will be for adopting more and more new functions that could be enabled upon it.  

Also, the CEO states that numerous partnerships are being made. These are mainly focused on developing the platform in both technical aspects as well as business wise too. 

Furthermore, he terms that the platform is being extensively on profuse research and development in order to accommodate both Non Fungible Tokens (NFT) and Decentralized Finance (DeFi) extravagantly. 

The Partnerships

Besides numerous partnerships which were announced, Cardano now ties up with Rival, an ESports platform. This in turn means that Cradano will be dealing in one or more ways with EPL, NBA and NFL teams profusely. 

In addition, Cardano will be serving as the technology partner for Veritree, an organization which uses blockchains and more environment oriented projects, specifically growing trees and much more. 

Furthermore,  Cardano has also partnered with Union Bank of Philippines in terms of funds, finance technology wise with Venture Studios, and also with powerhouse technology firm AID-TECH. 

With all these into account it seems that Cardano is making itself even more solid and stable, at the same time, a pathway to grow profusely. Therefore, it all contradicts that Ethereum (ETH) will soon be at stake!

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Mithril Price Prediction 2021 — Will MITH Price Hit $0.5 Soon?



Mithril Price Prediction: Will MITH Reach a New ATH Soon?
  • Bullish MITH price prediction is $0.101 to $0.47.
  • The MITH price will also reach $0.5 soon.
  • MITH bearish market price prediction for 2021 is $0.013.

In Mithril (MITH) price prediction 2021, we use statistics, price patterns, RSI, RVOL, and much other information about MITH to analyze the future movement of the cryptocurrency.

Mithril (MITH) Current Market Status

According to coingecko, the price of MITH is $0.07 with a 24-hour trading volume of $45,616,265 at the time of writing. However, MITH has increased to 8.1% in the last 24 hours.

Moreover, MITH has a circulating supply of 618,753,636 MITH. Currently, MITH trades in cryptocurrency exchanges such as Binance, Mandala Exchange, OKEx, HitBTC, and

What is Mithril (MITH)?

Mithril (MITH) is an Ethereum blockchain-based crypto platform. It is a decentralized social media platform on the Ethereum blockchain that rewards users for creating content. Moreover, the team plans to partner with existing social platforms to drive the adoption of its ERC-20 MITH token. In addition to storing funds, the Mithril Vault wallet can be used for staking and swapping into other currencies.

Mithril (MITH) Price Prediction 2021

Mithril holds the 681st position on CoinGecko right now. MITH price prediction 2021 explained below with a weekly time frame.

MITH/USDT Horizontal Channel Trend Pattern (Source: Tradingview)

The horizontal channel trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal and the prevailing direction of price action is sideways.

Currently, MITH is at $0.07. If the pattern continues, the price of MITH might reach the resistance level to $0.194. If the trend reverses, then the price of MITH may fall to $0.029.

Mithril (MITH) Support and Resistance Level

The below chart shows the support and resistance level of MITH.

MITH USDT Support and Resistance Level
MITH/USDT Support and Resistance Level (Source: TradingView)

From the above weekly time frame, it is clear the following are the resistance and support levels of MITH.

Resistance Level 1 $0.101
Resistance Level 2 $0.196
Resistance Level 3 $0.474
Support Level 1 $0.03
Support Level 2 $0.01
Resistance & Support Level

The charts show that MITH has performed a bullish trend over the past month. If this trend continues, MITH might run along with the bulls overtaking its resistance level at $0.474.

Accordingly, if the investors turn against the crypto, the price of the MITH might plummet to almost $0.01, a bearish signal.

Mithril (MITH) Price Prediction 2021 — RVOL, MA, and RSI

The Relative Volume (RVOL) of MITH is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of MITH lies below the cutoff line, indicating weaker participants in the current trend.

More so, the MITH’s Moving Average (MA) is shown in the chart above. Currently, MITH is in a bearish state. Notably, the MITH price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of MITH at any time.

Meanwhile, the relative strength index (RSI) of the MITH is at level 38.78. This means that MITH is in a nearly oversold state. However, this gives confidence for the traders to trade without any fear.

Mithril (MITH) Price Prediction 2021 — ADX, RVI

Let us now look at Mithril’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Mithril. Currently, MITH lies in the range at 62.61, so it indicates a very strong trend.

From the above chart, the Relative Volatility Index (RVI) of MITH. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of MITH lies below the 50 level, indicating that the direction of volatility is low. In fact, MITH’s RSI is at the 38.78 level thus confirming a potential sell signal.

Comparison of MITH with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Mithril.

1638812187 324 Mithril Price Prediction 2021 — Will MITH Price Hit 05
BTC Vs ETH Vs MITH Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and MITH is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MITH also increases or decreases respectively.


With continuous improvements in the Mithril network, we can say that 2021 is a good year for MITH. For this reason, the bullish price prediction of Mithril in 2021 is $0.47. On the other hand,  the bearish MITH price prediction for 2021 is $0.01.

Furthermore, with the advancements and upgrades on the MITH ecosystem, the performance of MITH would rise reaching $0.19 very soon. But, it might also reach $0.5 if the investors believe that MITH is a good investment in 2021.


1. What is the Mithril?
Mithril represents a new type of decentralized social media, based on blockchain, which will pay its users to create content.

2. Where can you purchase MITH?
MITH has listed on many crypto exchanges which include Binance, Mandala Exchange, OKEx, HitBTC, and

3. Will MITH reach a new ATH soon?
With the ongoing developments and upgrades within the MITH platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Mithril?
On Apr 12, 2018, MITH reached its new all-time high (ATH) of $3.82.

5. Is MITH a good investment in 2021?
Mithril (MITH) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of MITH in the past few months, MITH is considered a good investment in 2021.

6. Can Mithril (MITH) reach $0.5?
Mithril (MITH) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Mithril (MITH) will hit $0.5 soon.

7. What will be the MITH price by 2022?
Mithril (MITH) price is expected to reach $0.20 by 2022.

8. What will be the MITH price by 2023?
Mithril (MITH) price is expected to reach $0.80 by 2023.

9. What will be the MITH price by 2024?
Mithril (MITH) price is expected to reach $1.5 by 2024.

10. What will be the MITH price by 2025?
Mithril (MITH) price is expected to reach $3 by 2025.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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El Salvador Calls Another Bitcoin Dip With 150 BTC Purchase



Picture of a bitcoin on top an El Salvador flag

Bitcoin has now become part of El Salvador’s daily life following the official implementation of the cryptocurrency as a legal tender. Since then, the El Salvador government has pledged to purchase bitcoins and has held up its end of the bargain. Now, every time the price of BTC goes down, the country calls the dip and purchase a significant amount of bitcoin.

In multiple instances spread through the past couple of months, El Salvador has purchased millions of dollars worth of bitcoin. The country had purchased 100 bitcoins during the last bitcoin dip. This time around, El Salvador has taken another opportunity to increase its BTC holdings, adding 150 coins to its coffers.

Related Reading | Calls For Tesla To Resume Bitcoin Payments As Mining Reaches 57% Renewable Energy

El Salvador Calls The Dip

Only a week after its last purchase, El Salvador has deepened its bitcoin bet again. The decrease in the value of the digital asset has seen the country taking advantage of the presented opportunity. While a good portion of the market panics and believes that it might be headed into a bear market, El Salvador has gone the opposite way made evident by its BTC purchases.

Once again, President Nayib Bukele had taken to Twitter to announce the purchase which took place on Saturday. Bukele announced to his 3.2 million Twitter followers that the country had bought the dip, purchasing 150 coins at an average price of $48,670, bringing the total loot to approximately $7.3 million.

BTC trading below $50K | Source: BTCUSD on

Bitcoin In The Green

Although the move on President Nayib Bukele’s part is praised by many in the bitcoin space, not everyone has been happy with the purchases. There has been a lot of criticism regarding El Salvador’s decision to invest in BTC on a national scale but this has rolled off of Bukele like water off a camel’s back.

Related Reading | SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System

Responding to a comment saying that the president was wasting taxpayers’ money on a digital asset that was set to suffer more dips, Bukele explained that the BTC the country has purchased so far has remained in profit. Bukele compared its BTC holdings to its gold reserves which are down 0.37% from a year ago while its bitcoin remains in green.

With its latest 150 bitcoin purchase, El Salvador now holds 1,370 BTC.

Featured image from Anadolu Agency, chart from

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There Is More to an NFT than Art



There Is More to an NFT than Art

One of the biggest auction houses in the world, Sotheby’s is best known for its NFT auctions. They have worked with leading artists to launch NFTs, with one of the most memorable sales being a digital art piece by Beeple, an anonymous digital artist for $68 million. The uniqueness of NFTs, which exist as tokenized versions of assets, secured by the blockchain, have made them popular with art buyers.

The Year of NFTs; 2021

As 2021 comes to a close, it can be declared as THE year of NFTs. Various stars have released their own NFTs, which they have sold to their fans. However, some believe that NFTs may be a fad, which will soon go bust.

One reason for this misconception is that many people believe NFTs can only be used to create digital art. However, that is not the case. NFTs are opening up a whole new revenue stream that could lead to the rise of innovative digital products. Various industries are looking into the use of NFTs to tokenize assets such as music albums, iconic moments, and sports memorabilia. Some of the use cases for NFTs that currently exist are:


Luxury brands, such as Gucci and Dolce and Gabbana, are entering the NFT space with limited collections. The use of NFTs helps safeguard the ownership of fashion items, while also ensuring easy verification of authenticity. It is an especially effective solution to counterfeiting.


Another use case for NFTs is securing patents and intellectual rights. Tokenized certificates that come with legal safeguards help to safeguard the authenticity of a document while helping to add transparency.


In the music industry, NFTs provide proof of ownership of original content while making it easy to authentic music. When it comes to royalties, NFTs also makes it possible to easily track the monetization process.

Real Estate

NFTs have also found a use case in the real estate world, where they can be used to provide provenance on the ownership of a piece of real estate. Besides that, they provide transparency into the transfer of ownership of such an asset.


NFTs are a unique way to guarantee the purchase of unique digital collectibles, which provide absolute certainty on provenance thanks to the security of the blockchain.

Gaming and the Metaverse

Most widely, NFTs are finding use cases in online gaming and metaverse. By using NFTs, players can have the absolute ownership of in-game items, which they can sell on secondary markets.

NFTs and Digital Fashion

Digital fashion is a trend that has been made possible in a huge way by NFTs. A good example of a digital fashion company that is working to bring NFT fashion to the masses is Space Runners. Space Runners is working with leading celebrities and sports icons, such as Kyle Kuzma and Nick Young, to bring NFT collections to the masses. These exciting partnerships will be displayed in Space Runners’ first collection; NBA Champions Sneaker Collection

Users have the opportunity to purchase these unique fashion items that are secured on the Solana blockchain. Space Runners plans to launch digital collections of these items, which users can hold forever, in mid December.

In the future, Space Runners plans to launch a VR environment, where holders of Space Runners’ digital fashion can interact with their apparel. They can share these interactions on social media, which will help to grow the popularity of the platform and the value of the NFTs.

Instead of visiting catwalks in Barcelona, visiting the Space Runners platform can peruse through digital fashion via their computers or mobile devices. In the future, the platform plans to launch a marketplace where people can trade their fashion apparel NFTs with others. They also plan to launch in the metaverse with unique fashion apparel that people can use as skins. This is something that Meta has expressed interest in, in direct response to Space Runners on Twitter!

Holders of ‘Runners’ will also get special privileges, such as special access to merchandise pre-sales by the sports stars. They will also get exclusive entry to sports stars post-game events where they can interact with them.

Space Runners could not achieve its purpose without support from its partners. These include the likes of Ankr, Clover Finance, Divergence Ventures and Bullet Labs.

To stay tuned please visit: Twitter | Discord | Website

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