Binance is almost like the Google of the digital currency space. Binance is the largest and most popular digital currency trading platform it the world. It is the go-to exchange for every crypto project in the crypto space. Binance seems to have some sort of leverage over some digital currencies in the market. This was recently seen when the exchange delisted Bitcoin SV. After the delisting of the coin, the price of Bitcoin SV plunged drastically and lots its position on the list of top digital currencies in the market. The delisting shattered the bullish Bitcoin SV price prediction for the short-term.
Binance Chain Is Set to Welcome Its First Project
Late last year, Binance launched its own blockchain service – Binance Chain. The trading platform also launched its own native token – Binance Coin (BNB). Since the launch of its blockchain service, no blockchain project has been launched on it yet. However, that is about to change. Binance has been trying to leverage its influence in the crypto space to persuade blockchain teams to Binance chain. According to a recent report, Binance is now targeting Ethereum blockchain users.
However, the blockchain service is about to see its first blockchain project. The first blockchain project that will launch of Binance Chain is Mithril (MITH). Mithril is a decentralized social media platform. Binance recently announced that mithril will migrate to the Binance Chain. The firm stated that the tokens of MITH will transfer to the BEP2 standard of Binance from ERC-20.
Since the launch of the Binance Chain Mainnet, it has been one of the most anticipated blockchain projects until this moment. Binance is very excited about this development and the first project of the network is about to go live.
The Price of Mithril (MITH) Surged by 70% Binance’s Announcement – Best Cryptocurrency to Invest in 2019
This is a very big move for Mithril (MITH) as it will be the first blockchain project to migrate the Mainnet of Binance Chain. The price of Mithril responded positively after the announcement. The recent Mithril news pushed the price of MITH higher and broke the short-term Mithril price prediction. MITH USD live price today is now deep in the green and the digital currency looks to continue its upward trend.
Over the past day, the price of Mithril (MITH) has increased by 70 percent according to CoinMarketCap. From the graph above, the price of Mithril has been on a linear movement over the past week. It has been trading in a tight range and it even plunger lower recently. However, the recent announcement by Binance acted as a catalyst and caused a massive spike in the value of the digital currency.
Mithril (MITH) has been on the blockchain of Ethereum. The company said its dream and vision are very large, and it has been limited on the Ethereum blockchain. By migrating to the Binance Chain, MITH holders and investors will experience security, user-friendliness, and very fast transaction speed.
What Is the Price of Mithril (MITH) Today – MITH USD Live Price
At the time of writing, the MITH USD live price is $0.0787 after an increase of 70 percent over the past twenty-four hours according to coinmarketcap.com. Prior to the news, the price of MITH is $0.0045. The market cap of the digital currency is $40.3 million. The trading volume of Mithril (MITH) over the past twenty-four hours is $106.8 million.