Daily Crypto Update: MITH Rises 26.12 percent in 24 hours!

Daily Crypto Update: MITH Rises 26.12 percent in 24 hours!

Mithril (MITH) has risen 26.12 percent in the last 24 hours. The cryptocurrency saw a low of 0.990426 USD yesterday, May 11, and is now being traded at 1.27 USD.

What is MITH?

MITH is an ERC-20 social media token on the Ethereum Blockchain. Mithril will be integrated into new and existing social media networks to reward content creators for contributions to the network—we call this Social Mining.

Reasons for the Rise

There is a lot of uncertainty as to what caused the rise since MITH hasn’t been much in the news lately. However, the NASDAQ article mentioning it might as well be the reason for the sudden rise in the prices of the cryptocurrency.

The crypto market is highly volatile. Hence there isn’t a conclusive reason for the rise. However, the aforementioned could be a reason for the considerable amount of rise in the price of MITH.

Other Big Gainers

Ark (ARK) has risen up by 13.03 percent in the last 24 hours, while Enigma (ENG) has seen a growth of 8.23 percent.

Nexo (NEXO) is another cryptocurrency to have risen considerably in the last 24 hours with a growth of 8.21 percent.

Polymath (POLY) rose by 7.81 percent in the last 24 hours while Stellar (XLM) has risen by 7.41 percent in the same time.

Biggest Losers

While mentioning the biggest gainers, it is apt to also point out which cryptocurrencies have lost the most in the last 24 hours.

IOStoken (IOST) has lost 12.48 percent making it the biggest loser in the last 24 hours. It is followed by aelf (ELF) which has lost 9.72 percent.

Followed by ELF is Bytom (BTM) which has lost 9.09 percent.

The last on our list of biggest crypto losers is DigixDAO (DGD) which has lost 8.12 percent.

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.