Mithril (MITH)

Market Cap

$34,359,586 USD

Volume (24h)

$9,826,393 USD

3.4

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Mithril Markets Rank: 7/100
Volume Ratio

How actively is this asset being traded on the market?

Mithril Volume Ratio Rank: 29/100
Market Cap

The total cost of all coins available.

Mithril Market Cap Rank: 97/100
24h Change

Is the price moving up or down?

Mithril 24h Change Rank: 52/100
Social Following

How many users are following this coin?

Mithril Social Following Rank: 48/100
Google Trends

How many users are searching for the coin?

Mithril Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

Mithril Twitter Citation Rank: 42/100
User Voting

How popular is this coin among Cointobuy community?

Mithril User Voting Rank: 37/100

Mithril investment analysis

The present realities surrounding social media networks, their businesses and economic values to the stakeholders have a huge differential and leaves so much to be desired. And Mithril intends to disrupt that ecosystem with their tokenized platform using an Ethereum based token – MITH, which creates a reward system for social network users regardless of circle, influence, and experience.

The success of Mithril investments is hinged to their Lit app, which grants users access to social mining services across multiple networks that are compatible.

They started out through a private sale of their coins with a unique approach to raising 30,000ETH and they hit their mark. They had no public sale of their token; so, right now, to have access to the asset, you can either purchase from the exchange where they are listed or ‘social mine’ through the uploading of quality contents on their Lit app.

How to buy?

$0.076597

by Safety

by Profit

How to buy Mithril?

As of the time of this writing, only a single exchange lists the asset, making it a little difficult to buy Mithril as it is not yet popular. And you can buy MITH using either BTC, ETH or USDT for the trading pair. The short-listing is probably due to the fact that it had just recently concluded its private token placement event and had just started trading. So far, it would also seem that USDT and BTC have more trading volumes compared to the ETH pair.

So firstly, you will need to buy one of the pairs if you don’t already have any, you could buy from some other exchange which accepts fiat and then transfer them to the exchange where MITH is listed.

The coin is an ERC-20 token standard and is compatible with wallets that can support its storage such as the MEW, metamask, or the exchange wallet where it is currently being listed for trading.

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One very important fact is certain – the internet space is a deep space and is flooded by contents from all over the world and this digital contents have monetary value. So if you ask if it’s a safe time to invest, it certainly is dependent on what your strategy is. Long term or short term you are bound to make marginal profits with variable outputs.

Can’t say much about the long-term prospects though, but the market they are targeting is indeed genuine, viable and large enough to profit from, but the question here is, what kind of investor do you intend to be?

There are indeed many decentralized platforms that claim to provide similar services. However, what Mithril introduces – social mining – is beyond conceptual and for the fact that it attracted fast fingers during the private sales proves that much.

This new concept will most certainly change how social media applications and networks are designed. They use to target more influential networkers, such as high profiled superstars and celebrities; however, with a platform such as this, a wider pool of regular people can become influencers, advertisers, independent curators, and bloggers which will make up this new ecosystem.

The future prospects of this decentralized product have so much value especially to internet services like dating, ads and marketing campaigns, and other social related services through in-app purchases that depend on the internet space to function.

The Asian market has always been a plus for crypto-related project – as a matter of fact, technology and everything related to it has quite the large market in Asian countries. The team of developers responsible for the platform are targeting a unique niche, not just dependent on the internet market but also on a localized positioning.

By partnering with QTUM, another successful blockchain project, they have gained the respects of many investors and blockchain evangelists also.

It would be hard to tell if the Mithril platform will also be plagued by FOMO or Pump-Dump sequences that follows other decentralized products, although, this token may as well not follow that trend considering that their token sale was conducted privately and ended swiftly; everything becomes more highly uncertain beyond speculations and hype alone. But if you must invest in MITH, do so with sufficient knowledgebase on the platform and the developers.

The private sale method of crowdfunding helps put the project in a different spotlight – a watch for other investors to see if hopes will be raised.

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