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Mirrorprotocol

Will MIR bounce similarly to its fellow listings?On May 6th, 2021, Coinbase listed 4 new tokens (CTSI, RLC, MIR, and TRB) for which three have already seen quite a significant increase, namely CTSI, RLC, and TRB. However, the one that seems left behind so far has been the Mirror Protocol (MIRUSD). But first, let me provide a quick description of what the Mirror Protocol is for anyone who might be interested: The Mirror Protocol is branded as a governance token that "allows the creation of fungible assets, that track the price of real world assets" . But what does this mean? My summary in short is: If you want to buy a stock, but not buy it on the stock market, you can buy it using the Mirror Protocol instead. The appeal might not be obvious at first (as you can already buy stocks, why buy tokens instead?), but the significance comes to mind when one thinks of new possibilities such as: 1) stocks are now available via blockchain without brokerage registrations required or restrictions for only allowing citizens to purchase a stock, and 2) one doesn't have to save up to buy an expensive stock, but can finally buy only a portion of a stock similarly to how can be done with cryptocurrency (for example, one would not need roughly $250 to buy the Coinbase stock COIN, but can now buy only half for around $125, which becomes even more appealing for anyone who has ever wanted to buy BRK.A which requires a whopping $437K as of today). The interesting part that caught my eye is that MIRUSD seems to have been in an ascending channel for some time now on the logarithmic chart, and is currently dancing near the bottom of this chart signifying either a potential crash downward or possibly a potential bounce to shoot the price upward exponentially similarly to the other newly listed tokens. Although TRB and CTSI technically have smaller market caps (as of today), the differences are not necessarily significant (in terms of cryptocurrency at least), and RLC is the only one that is even greater than a $1B market cap today. Hence the potential seems interesting for what might be in store for MIR if it does indeed follow its sibling listings. As always, this is not financial advice and is solely my opinion. But please like or comment if you agree or have opinions otherwise.
MLong
by crypto_trends
7
MIR-MIRROR PROTOCOL-USDT LONGHello!👋😄 Short little idea on MIRROR protocol token..🐶 We have been trading inside of a horizontal channel for a little bit here, that seems to have stemmed from a larger, almost symmetrical triangle▶. We are almost to the end of this structure and you know what that means!! Let's take a look. 👀🧐🔍😄⏬⏬ Mirror(MIR) or mAssets protocol was developed by TERRA LUNA, and is used for staking, mining and is the only protocol that tracks prices from oracles of real time stock prices and delivers the information to fungible tokens, smart contracts etc.. MIR is also used for exchange trading funds ETFs🤞💲 LUNA has been performing very well lately, I assume MIR will do the same, as it is rapidly growing and has many good rewards that it gives to it's investors who stake on liquidity pools via TERRA/LUNA🌚🌒, ETH💲 and UNISWAP🦄 blockchains. This token will be correlational to ETH and LUNA to a certain degree 🛑This is not financial advice, please always use a stop loss!!🛑👌 Any thoughts 💭🤔, questions🙋‍♀️🙋‍♂️❓, like👍, dislike👎, happy😃 or sad😥, always welcome in the comments below, thank you! Jazerbay💕
MLong
by jazerbay
16
Mirror Protocoli like this coin, it's a decentralized Stock exchange Token based on Luna (Terra), very big potential as it allows to simple peoples as us to buy stonks with Metamask Wallet! MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain. Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project. Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset. Trading Parts : Buy Zones : - 8.5$ ( A bit ) - 7.2$ ( All in ) Take Profits : Tp1 : 16.5$ Tp2 : 22.$ Happy Tr4Ding !
MLong
by thecryer
16
Breakout for Mirror Protocol MIRWith everything else going RED as hell , I like the odds on this MIR breakout I'm keeping tabs on in this hourly chart. 30 min looks good, 45, 2 hour and 4 hour all looking good. Would make a few quick bucks and sell at 11 then wait to see if we can volume our way past that 11$ barrier up to the 12.80 fib or if not just buy back in at lower support fib. We will have to wait and see what happens after that. If you would like just ask and I will make another chart once the time comes. No fancy drawings on here today just good ol fashion metrics and thinking about supply and demand. People are going to be looking for any coin that's doing even halfway decent to throw their money at. This is it.. Peace and One Love
M
by BTCastroDOT