Price Predictions

Mirror Protocol Price Prediction Weekly: Will MIR Price Hit INR 150 This Week of May?

Key Takeaways:

  • The MIR price closed the previous day’s trade at INR 88.44 with a market capitalization of INR 6.89 Cr and a circulating supply of 7,77,42,679.93 MIR
  • The Mirror Protocol price after a 40% drop appears to have trying hard to set up a bullish trend which may aim at a 20% jump initially

Mirror Protocol Price Analysis:  Will MIR Price Hit INR 150 This Week of May?

Mirror Protocol underwent a huge bearish trend throughout April. And ever since the beginning of May trade is trying hard to flip from the bearish divergence. No doubt the bears still appear strong to restrict the price below INR100. But the buying volume is slowly accumulating which can offer a good base for the price to jump high. 

However, in the short-term, the MIR price has showcased some bullish divergence which may raise the price beyond INR 100 very soon. In case of an extended bullish trend, the price could reach as high as INR 120 by the end of the week. But achieving INR 150 now in the next 4 to 5 days may be a little tedious job.

Check out the Latest Prices, Charts, and Data of  MIR/USDT.

Mirror Protocol Price Prediction: MIR Price Trend Comparison with SNX (Last 30 Days)

Source: Tradingview

Mirror Protocol and Synthetix, are among the popular blockchains that offer synthetic assets trading. These are nothing but tokenized derivatives that carry the value of another asset. While MIR/USDT maintained a steady descending trend, SNX/USDT showcased acute strength throughout April’s trade. 

Currently, both the assets have halted the bearish trend but it appears that the price may discover new lows instead. The SNX price after sliding from more than 20% is heavily consolidating around -20%. And on the other hand, MIR price maintained a steady downtrend after slipping from 10% to hit the lower levels at -34.62% at the press time. 

Correlation of MIR/USDT and MIR/BTC (Last 30 Days)

Source: Tradingview

The BTC and USDT trading appears to have gone parallelly, but unlike many other altcoins, BTC maintained a larger dominance. Both the pairs maintained a notable depleting trend with almost equal price variations. Currently, while the USDT pair attempted a larger trend reversal, BTC price also followed, and eventually, both failed. 

The MIR/USDT which ignited a bearish trend from around 12%, maintained a significant descending trend to hit -40 and currently trading at -34.79%. On the other hand, MIR/BTC too slipped from 20% and reached the levels around -28%. However, currently, the asset is trading 17.66% below the average levels. While the possibilities of a healthy rebound are pretty less but not completely nullified. 

Top Gainers & Losers of the Week

Top Gainers

Crypto Price* 7-Day Percentage Change
Mirror Protocol(MIR) INR 92.99 +8.37%
XDC Network(XDC) INR 5.16 +5.75%
Curve (CRV) INR 179.96 +4.52%
Tron (TRX) INR 5.78  +3.71%

Top Losers

Crypto Price* 7-Day Percentage Change
Kyber Network(KNC) INR 260.39 -17.15%
Axie Infinity (AXS) INR 2,275.35 -7.81%
ApeCoin (APE) INR 1,138.28 -7.59%
Celer(CELER) INR 2.70 -6.71%

*Prices are of 04 May 2022 at the time of writing the article

What’s New on CoinDCX? New Coin Listings on CoinDCX App

Crypto Price*
JasmyCoin(JASMY) INR 1.53
Audius(AUDIO) INR 68
Waves(WAVES) INR 982.29
Mina(MINA) INR 146.92

*Prices are of 04 May 2022 at the time of writing the article 

Read recent price predictions on:

  1. Shiba Inu Price Prediction Weekly
  2. JASMY Price Prediction Weekly

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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