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Reasons Why Crypto Traders Are Gravitating Towards Mithril (MITH)

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Mithril
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Mithril is one of the latest sensations in the cryptocurrency market. With new ICOs (Initial Coin Offering) being tokenized every day, the existing currency market is becoming fiercely competitive as all of the cryptocurrencies (as of now approximately 1,800) are vying for a secured place on Coinmarketcap with a formidable price and market capitalization. The fact that the cryptocurrency investors across the globe now have too many options to invest in, every digital currency has to come up with some sui generis features and benefits to sustain in this market. Since its tokenization by the end of March, Mithril has been showing great promise and potential so far with its innovative approach towards the Social Media.

Unlike other social media currencies, Mithril has been able to maintain a stable price range and market cap. The sole purpose of this coin is to provide its traders the opportunity to interact freely with others and also rewarding them handsomely whenever any of them shares some valuable content with the community.

Despite having just a few weeks under its belt, Mithril has been able to show a meteoric rise in market capitalization and consequently acquire a decent position on Coinmarketcap. With Bitcoin being incapacitated with a significant number of issues like volatility, slower transaction speed, and security, a significant percentage of traders are inclining towards relatively newer coins like Mithril. Here, a few aspects of this coin would be discussed below accentuating the reasons behind its recent popularity.

Mithril Internal Architecture in Brief:

Mithril predominantly follows the paradigm of Ethereum blockchain ecosystem. It is a decentralized network that focuses on social media. The objective of this coin is to revolutionize the entire paradigm of social media and the mode of interaction using this medium. Also, this coin endeavors to use blockchain technology to decentralize the mobile game advertising market along with creating a mobile game big data. The internal architecture of this digital currency consists of two components. They are:

  • Mithril Play: An Android-based mobile app for validating, rewarding, and measuring gameplay data. This ingenious mobile application comes with exclusive invitations, gameplay verification, and a personalization area.
  • Mithril Ad Console: It is a targeted advertising channel that enables game companies to register ad campaigns for inviting new gamers. The ad console consists of a wallet, campaign statistics, and “create campaign” facility.

Advantages of Using Mithril:

As a decentralized social media network, Mithril comes with several advantageous features which cannot be found in other cryptocurrencies. Some of these features include:

a. Mobile-Centric Platform: In case of other cryptocurrencies, accessing the token is a complex and time-consuming procedure where the trader has to go through a considerable number of stages. The Mithril Play mobile app introduced by this currency would enable more than 2 billion gamers all around the world to access this coin despite having any knowledge about the blockchain technology and cryptocurrency. By installing this app, the gamers would be able to access unlimited game data from anywhere in the world. The app also provides other advantages like the elimination of transaction and learning costs, expeditious transaction system, etc.

b. EOS Blockchain Support: Mithril uses the support from EOS blockchain to offer their users and gamers to have a faster transaction system without any transaction fee. The smart contract of EOS blockchain is tailor-made for solving issues with slower and expensive transaction system. This feature allows many gamers to pursue a successful gaming career through this blockchain platform.

c. Value Preservation for Gamers: Every game has a certain expiration date of providing gamer satisfaction. Sooner or later, every gamer memorizes the probable moves of a certain game and continuous winning makes that game tedious. Mithril endeavors to preserve the gamer satisfaction by rewarding them handsomely on every level of the game.

d. Flawless Audience Targeting: Mithril blockchain implements an infallible procedure for targeting the perfect audience suitable for certain games. They compare a lot of variables of the gamers willing to play starting from their age, gender, intelligence, individual taste etc. and select a suitable game for them depending on the factors like execution, duration, intricacy, and several others. Because of this feature, renowned game companies around the world are inclining towards this coin in order to secure a considerable amount of lucre.

e. Mithril Artificial Intelligence: The AI of this currency makes this blockchain interface user-friendly and convenient by managing a huge pool of data accurately and quickly.

f. Denominated Social Mining: The blockchain platform of Mithril named Lit comes with denominated social mining which is nothing but an algorithm designed to reward a person or gamer every time s/he creates a new content and shares it with the community. This feature is the pièce de résistance of all Mithril features and possibly the main reason behind its massive popularity.

Final Thoughts:

As of this moment (25th April 2018), Mithril holds the 65th position on Coinmarketcap with a price equivalent to 1 USD approximately and a market cap of circa 300 Million USD. It is a well-known fact that gaming industry and social media are the future of business and marketing. As Mithril focuses on these two fields and since its inception it has come a long way in the list of currencies, investing in Mithril might be a judicious decision this year and realizing this, the number of new Mithril investors is also escalating day by day.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of sera78 via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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