您现在的位置是:Mirror Protocol price prediction: Should you buy the MIR dip? >>正文
Mirror Protocol price prediction: Should you buy the MIR dip?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛62473人已围观
简介The Mirror Protocol has done relatively well in the past few days as investors rush to buy the dip. ...
The Mirror Protocol has done relatively well in the past few days as investors rush to buy the dip. MIR, its natve token, is trading at $0.40, which is about 115% above the lowest level this month. As a result, its total market cap has risen to just $35 million.
Why is MIR rebounding?
The Mirror Protocol is an important decentralized platform built on the Terra ecosystem. The platform’s goal is to enable people to buy and sell synthetic assets like stocks, commodities, and forex.
Like all platforms built on Terra’s network, the coin’s price declined sharply this month. At its lowest point this month, MIR was down by almost 100%.
Now, the cryptocurrency is bouncing back as other Terra coins recover. For example, TerraUSD, the stablecoin that caused all this damage, has risen by more than 10% in the past 24 hours. Similarly, tokens like Anchor Protocoland LUNA have all done well as investors buy the dip.
Analysts believe that some platforms like Mirror and Anchor Protocol will rebuild, possibly in other chains like Ethereum and Solana. They will also likely change their business model to bring in more transparency an focus on other asset-backed stablecoins like USD Coin and Tether.
However, for now, it is relatively difficult to recommend Mirror Protocol as an investment because of the relatively high risks. Like other Terra platforms, it is hard to know whether the recovery plans proposed by the leaders will become successful.
Worse, Mirror Protocol developers have not communicated about how they plan to salvage the project. Their last tweet was on May 4th before the implosion happened.
Mirror Protocol price prediction
On the daily chart, we see that the MIR price has been in a spectacular decline in the past few months. The coin’s sell-off accelerated when it moved below the important support level at $1.090, which was the lowest level on February 25th.
Mirror Protocol price also crashed below the 25-day and 50-day moving averages. Therefore, despite this rebound, there is a likelihood that the coin’s price will continue falling as bears target the next key support level at $0.19.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/9538.html
相关文章
Here's how scientists are 3D
Mirror Protocol price prediction: Should you buy the MIR dip?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Neuroscie...
阅读更多
Cracking in Li
Mirror Protocol price prediction: Should you buy the MIR dip?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Researche...
阅读更多
World's largest ball 'The Sphere' lit up for first time
Mirror Protocol price prediction: Should you buy the MIR dip?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.For a few...
阅读更多
热门文章
最新文章
Buy Propy, the world’s first real estate NFT: here’s where
Don’t let the bed bugs bite! Hotels try to curb outbreaks with tech
Harvard scientists make a 3D
You can now diagnose diabetes by speaking into your phone
This smart riot control gun declines to shoot protesters in the head
Top places to buy COTI, which added 6% to its value