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

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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 Gate.io.

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.

Conclusion

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.

FAQ

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 Gate.io.

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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Opera’s new launch Web3 Crypto Broswer Is All Set For Your Device

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Opera's new launch Web3 Crypto Broswer Is All Set For Your Device

Opera, the famous email browser, has introduced a beta version of its web3 crypto browser. The new beta version is more than just your average internet surfer. Along with features such as a built-in cryptocurrency wallet and shortcut for quickly switching between different crypto exchanges. They have also added decentralized apps support.

Web3 Crypto Browser

Opera Web3 crypto browser supports both cryptocurrency and blockchain technology. It can function in an environment where digital currencies are accepted and store your funds securely for use on the web or when making transactions through NFC templates (Sony).

Blockchain is a decentralized solution that reduces the need for third-party verification by providing trust in transactions through digital signatures. Furthermore, the blocks of this network are spread all over the internet, so it’s tough to hack.

Related Reading | TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term

Blockchain is the future. It’s been implemented and tested against major corporations that have seen its potential for revolutionizing their industry.

The blockchain is like a security system to store and transmit data. It’s challenging for anyone else to view what you’re doing on this decentralized platform because all copies are identical, making it super safe.

Nowadays, blockchain technology finds itself being used not only by those seeking anonymity but also transparency. Whether you’re an artist wanting domestic creatives’ rights protected.

Web3 Browser Features

The new Opera Web3 Crypto Browser allows you to explore the emerging world of decentralized web apps. Right now, it’s mostly an online home for crypto enthusiasts and strange blockchain applications with sometimes interesting tokens on them.

The future of Web3 is here! With the Opera browser, you can now enjoy a decentralized internet where everything you do will be rewarded with tokens.

This foundation for mass adoption has been developed by an innovative company that understands how important security and privacy are in today’s world-a place without those two essentials would surely lead us into chaos.”

In an official announcement, Opera stated:

Too few of the web browsing experiences offered today have been built with the intention of putting Web3 centerstage and making blockchain technologies understandable and easy to use. With the Crypto Browser Project, we have set out to change this and starting today, we are inviting the blockchain community to join this mission. If we are to take Web3 beyond great ideas, we need to craft products that embrace both crypto enthusiasts who understand the space and those who are only starting and want to explore it. Our belief is that the world of blockchain needs a fully dedicated browsing experience.”

The crypto browser is a new way to make trading cryptocurrency easy and seamless. It allows users who don’t want the hassle of third-party solutions like Coinbase or Bitstamp to trade their coins right from within opera without worrying about losing private keys on babysitting Platforms that are known for security holes.

Total crypto market cap shows a decrease of 3% on daily chart | Source: TradingView.com

Crypto Corner is a unique browser extension in the Web3 crypto browser that contains the most topical and essential crypto news.So you never miss an update on new decentralized applications again.

Blockchain Technology Future

The Web3 project is not new. Do you remember The HTC Exodus 1 phone? It was an ambitious collaboration between many companies, including the well-known crypto wallet and Opera browser, but never saw completion.

The future seems bright for blockchain and cryptocurrency. Some people think it will be one of the most critical networks in our digital world.

Related Reading | TA: Ethereum Nosedives, Indicators Show Signs Of Larger Downtrend

In contrast, others worry about its environmental impact or how quickly these technologies grow saturated with data storage capacity as they are currently doing now due to their popularity among users worldwide.

It is too early to say that blockchain will never succeed. Technology still has many developing stages. We need time for its full potential to unfold before making any conclusions about whether or not this new invention can revolutionize the way we live our lives entirely.

Web3 Crypto Browser Available Versions

Try out this new browser that is so far available for Mac, Android, and Windows. The iOS version will be released soon.

Featured image from Pixabay, chart from TradingView.com
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Cardano Backed Metaverse Project Pavia’s Land Price Skyrockets

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Cardano

Last week, Cardano network launched Pavia, a gaming application on the Metaverse. This stands as the first metaverse project operated on the Cardano blockchain.

The use of non-fungible tokens (NFTs), which operate with the same blockchain technology as cryptocurrencies, is increasing. They enable investors to get tokenized assets of their favorite art items, idols, places, etc. NFTs create representations of both tangible and non-tangible items.

According to its design, Pavia has about 100,000 land parcels issued. Each land parcel’s minting is a non-fungible token, NFT, that possesses individual coordinates.

Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think?

The pre-selling of the parcels kick-off since 2021 with more than 60% done between October and November. Also, there is a rush for the remaining portions which will be on sale within the first quarter of 2022.

The functionality of Pavia’s native token is as an in-game asset. An airdrop of Pavia’s native token was made to NFT landholders. This was after the blockchain’s snapshot in December 2021.

According to data from MuesliSwap, a Cardano-based exchange, Pavia tokens are selling around 20 cents per coin at the press time. Also, it has a market cap of more than $107 million.

ADA shows a 6% decline on daily chart | Source: ADA/USD on TradingView.com

Furthermore, Pavia landowners are more than 8,300. The data has it that the users were unable to deploy assets over their land on Monday. Caution documents from Pavia have warned customers that they can neither visit nor deploy content to the plots. This was due to the development stage of the land parcels.

More Craving For Metaverse Projects On Cardano

The emergence of Pavia on Cardano is during the period of incredible carvings for virtual parcels of land. Presently, the sale of virtual plots of land runs into millions of dollars on several blockchains such as Ethereum.

The value for land plats on Pavia runs as huge as 30,000 Cardano on CNFT, the Cardano NFT marketplace. This amount is equivalent to about $45,600 at the press time.

The Metaverse is recently getting more attention. It is a virtual world that provides people with unrestricted interactions like the real world.

This distinguishing factor is its digitalization of operations. The functionality of the Metaverse is attracting several firms as they intend to create their appearance on the platform.

One of the companies interested in the Metaverse includes Binance.US, developing on Portals, an office. Portals is a Solana-based metaverse project.

Related Reading | Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means

Also, Samsung, a global electronics maker, launched a metaverse brand of its New York City flagship store. This launching took place this January on Decentraland.

Featured Image From Britannica and chart from TradingView.Com
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Bitcoin Diamond Hands: Despite Recent Fear, Coins Aged 12-18 Months Rise To 2-Year High

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Bitcoin Diamond Hands: Despite Recent Fear, Coins Aged 12-18 Months Rise To 2-Year High

Despite the recent fearful market, Bitcoin hodlers show diamond hands as coins aged 12-18 months touch a 2-year high.

Coins Matured To 12-18 Months Revisit A High Not Seen Since 2 Years

As pointed out by an analyst in a CryptoQuant post, BTC hodlers have held strong recently as coins aged 12-18 months have seen a sharp spike recently.

The relevant on-chain indicator here is the Bitcoin Sum Coin Age (SCA) Distribution that shows the distribution of coins among the different holders in the market.

The metric works by looking at each coin on the chain and measuring how many days it has been since it was last moved. Based on the age, these coins are put into different categories.

For instance, if a coin has been sitting still since 12-18 months ago, it is included in the 12-18 months holder group.

When the distribution of the long-term holders goes up, it means accumulation has been strong recently. Such a trend has usually been bullish for the price of Bitcoin as it shows a large number of holders refuse to sell at the current levels.

On the other hand, when coins belonging to short-term holders move up, it means some long-term holders have decided to sell. This trend may be bearish for the price of the crypto.

Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think?

Now, here is a chart that shows the trend in the supply of coins that have matured to 12-18 months (one of the long-term holder groups):

Looks like the value of the indicator has shot up recently | Source: CryptoQuant

As you can see in the above graph, the coins aged 12-18 months have sharply rose recently, reaching a 2-year high. The highlighted region in the chart is around when these holders bought these coins.

This means that these Bitcoin holders have now held strong through multiple all-time highs, the mini-bear period between May-July, as well as the recent fearful market.

Related Reading | Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means

Hodlers showing such diamond hands behavior can prove to be quite bullish for the price of the coin in the long term.

Bitcoin Price

Earlier today, Bitcoin’s price crashed below $40k, touching as low as $38k. Since then, the coin hasn’t recovered much yet.

At the time of writing the crypto’s price floats around $38.8k, down 7% in the last seven days. Over the past month, the coin has lost 17% in value.

The below chart shows the trend in the price of BTC over the last five days.

Bitcoin Price Chart

After weeks of consolidation, BTC's price seems to have finally crashed below the $40k level | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
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