Mithril News and Price Analysis: MITH added to multiple new exchanges! While the market struggles not to fall the token gets +10% in value. Monday, June 18
What is Mithril
MITH tokens are developed to be used in social media networks to reward content creators for contributions, which creates an interesting possibility of Social Mining. It was launched as a token for Lit application, which is an improved social media platform. For example, users can share their stories on Lit Stories and be rewarded with Mithril tokens based on the impact and influence of the content across the network.
Important Mithril News
MITH listing on new exchanges
The recent impressive price and trading volume increase may be directly connected with the token being added to two very big exchanges two weeks ago, which allowed for wider recognition of the project. Bitfinex announced the listing on their Medium: "Today we are pleased to introduce trading for Aragon (ANT), Storj (STORJ), Dether (DTH) and Mithril (MITH)."
Moreover, just recently they have announced adding the project to another two exchanges - BitoPro and BitForex, which is an exchange that provides 24 hour services in Estonia, Germany, China Hong Kong, Malaysia, Singapore, and Philippine.
Major Lit Update
Mithril has written on their Medium: "It's been almost 3 months since Lit Beta has been released. We are thrilled to share with you a major update: you will soon be able to upload photos straight from the photo album on your mobile devices!" This feature can make sharing the photos and creating content much easier on the application, the team behind the project believes that it will "raise the bar for content quality on Lit, as well as bringing in an abundant variety of stories."
MITH Price Analysis
Last weeks were very tough for cryptocurrency market as most of the coins have experienced significant losses with daily price changes up to -20%. Currently, when the market seems to have stabilized a bit with more sideways movements, Mithril benefits from the peace and is going confidently up. We have reported couple of times this week that while Bitcoin gets +1% in 24 hours price change, MITH scores ten times more. Today, on June 18th the daily price increase of the token exceeded +10%. At the lowest point this week MITH was trading at $0.28, currently it is trading at $0.46 and is still heading up, which means that the price may soon even double investor's money who bought at the lowest point this week.
MITH/USD Price Chart, Monday June 18th:
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