Overview
Since most of you who are reading this are interested in knowing whether or not to buy the MYRIA token, we’ll begin today’s article with our speculative MYRIA token price prediction. However, even so, we’d like to advise you that relying on so-called “price predictions” may not be the wisest approach. Fortunately, as we move forward, we’ll guide you on how to craft your own short-term MYRIA token price forecast using live price data and real-time, on-chain metrics. Then, following our MYRIA price prediction, we’ll analyze the token’s complete price history, explore its tokenomics’ potential influence on its price, and utilize technical analysis (TA) to identify crucial support and resistance levels for $MYRIA.
Additionally, we’ll introduce you to the Money Line indicator and Moralis Money’s $MYRIA page, enabling you to do your own research (DYOR) regarding the token and its underlying project. Furthermore, Moralis Money empowers you to make informed decisions on investing in $MYRIA. That said, for those considering investing in this Web3 gaming token, we’ll guide you on where to find the markets to purchase it. Lastly, the article’s final sections provide fundamental details about the Myria crypto project and its native token.
MYRIA Token Price Prediction
- Our mid-term $MYRIA price prediction: $0.039.
- Our top of the next bull market (most likely sometime in 2025) MYRIA token price prediction: $0.28.
As pointed out above, please keep in mind that offering price predictions for cryptocurrencies is extremely speculative. After all, the entire asset class is still relatively new and extremely volatile. As such, make sure to take our MYRIA token price prediction with a grain of salt. Moreover, there are different methods for coming up with price predictions. To come up with the above-presented values, we used two methods.
For our mid-term MYRIA price prediction, we use the Fibonacci retracement tool. To keep things as optimistic as possible, we focused on the “4.236” extension level:
As you can see in the above image, we used KuCoin’s chart for $MYRIA. Using other markets’ charts would offer us a slightly different value. For instance, using the Gate.io chart, we get a noticeably higher prediction value ($0.059).
On the other hand, for our top of the next bull market MYRIA token price prediction, we use the comparison method. As such, we looked at the ATH (all-time high) market cap of the Gala project as it resembles Myria the most. Then, we divided that value by the MYRIA token supply.
Here, it’s essential to note that it is difficult to know the asset’s total supply at its peak. After all, there are less than 20% of the $MYRIA token in circulation at the time of writing. As such, we presume that at the next bull run’s peak, the token’s circulating supply will double.
Feel free to use our price predictions as guidelines. However, make sure to learn to use the asset’s live price and real-time, on-chain metrics to decide on what action to take. More on that below.
Full MYRIA Crypto and Price Analysis
Before moving forward, it’s worth pointing out that MYRIA started trading on a centralized exchange. This initial MYRIA token sale is known as an initial exchange offering (IEO), and it took place between April 5 and April 6, 2023, on Gate.io. The asset’s listing price was $0.002, which you can also see in the above chart.
Prior to reviewing our price analysis, which backs the above price predictions, let’s also cover the MYRIA tokenomics. After all, the asset’s circulating supply plays an important role in its price as well as in any MYRIA token price prediction based on a market cap comparison.
MYRIA Tokenomics
- Token name: Myria Token
- Symbol/ticker: MYRIA or $MYRIA
- Network: Ethereum
- Token type: ERC-20
- Smart contract address: 0xa0ef786bf476fe0810408caba05e536ac800ff86
- Maximum total supply: 50,000,000,000 $MYRIA
- Circulating supply on November 16, 2023: Approximately 17.5% of the total supply
- Initial token allocation:
- Ecosystem fund 40%
- Node emissions 36%
- Project development (team) 19%
- Strategic reserve 2%
- TGE and liquidity provision 3% (see the image below for vesting details)
We’ve mentioned the fact that the majority of the MYRIA crypto assets are not yet in circulation while offering our MYRIA price prediction above. As such, make sure to consider the above vesting details when considering MYRIA as a long-term investment.
MYRIA Token Price Analysis + TA
As you can see above, the token experienced quite a pump during its first trading days. On KuCoin, it reached as high as $0.010; however, the price went even higher in other markets. For instance, on Uniswap, the token’s ATH even crossed $0.012.
But as you can see, the price didn’t stay that high for long. After a pullback to around $0.007 on the same day, the price tried going back up on the next two days. However, the coin lost its upward momentum, and bears took things over. As such, the MYRIA crypto token entered a clear downtrend.
Of course, there were several recoveries along the way, some as big as 60%. But eventually, the $MYRIA price lost nearly 90% of its ATH value by July 21, 2023. That day, the asset marked its current all-time below (ATL) price at $0.0011. That’s nearly two times lower than the MYRIA token sale price.
Price Recovery and Levels of Importance
The token gained momentum after its lowest price point, and more optimistic MYRIA token price prediction levels started to appear. However, throughout July, August, and September of 2023, the MYRIA crypto price couldn’t close its daily candles above $0.0018. During that period, the $0.0013 region served as support.
It wasn’t until October 9, 2023, that $MYRIA finally broke out of the aforementioned range. After the breakout, the price retested the previous resistance and converted it into a new support. Then, it went on an impressive run – increasing by approximately 170% in just eight days.
Following its local top at $0.0049 on October 31, 2023, $MYRIA went through a 33% correction in three days. However, all daily candle closes exceeded the previous significance level, around $0.0035. From that level, the price increased back above $0.004, where it has been ranging since then, unable to break above $0.0055.
You can see all MYRIA’s levels of importance in the following daily chart on a logarithmic scale:
The increase in trading volume gives MYRIA’s recent rally proper significance. However, the last several tops have printed a bearish RSI divergence:
Due to this divergence, our short-term MYRIA token price prediction points to the $0.0035 or even $0.0029 levels. However, since the $0.0041 support is quite strong, the price could also take a breather by moving sideways for some time. Furthermore, according to the Money Line indicator, the asset is bullish on a daily timeframe:
Note: You can access the Money Line indicator for free once you opt for the Moralis Money Starter or Pro plan.
Is the MYRIA Crypto a Good Investment?
Since we are not financial advisors, we cannot answer the above question on your behalf. However, using the above sections, you should be able to form your own opinion. Plus, make sure to research the token and the Myria crypto project further on the Moralis Money $MYRIA token page.
On that page, you can find all the resources and tools you need to explore the ins and outs of this Web3 gaming asset. For instance, the page also includes links to the project’s outlets, where you can dive deeper into the fundamentals.
On the other hand, as far as the pumpamentals go, the $MYRIA live price and real-time, on-chain metrics (a.k.a. alpha metrics) offer invaluable insights. Thus, make sure to focus on the “Alpha Metrics” and the “Price Chart” sections:
By combining the power of live price according to the asset’s historical price action and its real-time, on-chain insights, you’ll be able to determine if/when to buy/sell the token. And the combination of these insights also allows you to come up with your own short-term MYRIA price prediction at any time.
So, follow the above “$MYRIA” link or use the interactive widget below and form your own answer to the above question.
Of course, do not forget to consider your current financial situation and your risk tolerance.
Where to Buy $MYRIA
If you decide you wish to get a bag of $MYRIA, you have several options. Just use the “Market” section on CoinGecko or CoinMarketCap page for that token. There, you’ll find a list of all CEXs and DEXs that offer the relevant training pair, including the trading volume. As such, you can easily pick a market that best suits your goals.
What is Myria? Exploring the Myria Crypto Project and Token
Myria is a decentralized Ethereum layer-2 (L2) network and a crypto project primarily offering Web3 gaming solutions.
The following sections cover the basics of the Myria crypto project and its native token. However, if you wish to explore the project in-depth or are a developer, make sure to visit the project’s official website and documentation. You can find links to that site on the above-highlighted Moralis Money page.
About Myria
Myria is a decentralized Ethereum L2 project. It is designed to revolutionize the world of blockchain gaming, digital assets, and NFTs. As a comprehensive blockchain gaming platform, Myria integrates gaming applications, tools, and a robust scaling infrastructure to create a vibrant ecosystem:
At the heart of Myria’s ecosystem, you’ll find Myria Studios. This is a creator of free-to-play AAA games, which are interconnected within the broader Myria environment. Furthermore, Myria collaborates with various partner games, decentralized applications (dapps), and experiences to foster an expansive and interconnected gaming universe.
Myria’s Ethereum L2 scaling solution employs popular zk-rollups. This solution leverages StarkWare’s zero-knowledge technology (zk-STARKs with StarkEx) and allows unlimited scalability, low transaction fees, and Ethereum-level security.
Additionally, supporting the platform are Myria nodes. These pieces of software are essential to the network’s security and decentralization. Node operators contribute to the ecosystem’s growth, earning limited edition NFTs, token rewards, and more. Myria actively collaborates with project partners, offering a user-friendly, full-stack solution for successful implementation.
What is the MYRIA Token?
The MYRIA token stands as the cornerstone of Myria’s revolutionary Web3 gaming ecosystem. It embodies a dynamic utility within the platform. The asset functions as an ERC-20 utility token, so MYRIA is not merely a digital currency. Essentially, the MYRIA crypto token empowers users to navigate and contribute to the vibrant Myria ecosystem in multifaceted ways.
Purpose of the MYRIA Token
- Node Purchase and Rewards: Myria nodes, integral to the protocol’s infrastructure, can only be acquired using MYRIA tokens. Node operators secure the network, contribute to governance, and receive MYRIA token rewards.
- Staking: Staking MYRIA tokens becomes instrumental, providing rewards from a dedicated staking pool upon the implementation of protocol fees.
- Protocol Fee: A portion of protocol fees on Myria transactions is paid in MYRIA tokens, ensuring active participation in the ecosystem.
- Governance: MYRIA token holders play a key role in shaping Myria’s future. Governance features enable voting on ecosystem fund allocation, development, and strategic direction.
- Exclusive NFT Purchases: Holders of MYRIA tokens gain access to exclusive NFT collections under Myria Studios.
MYRIA Token Price Prediction – Is MYRIA a Good Investment? – Key Takeaways
- Our mid-term $MYRIA price prediction: $0.039.
- Our top of the next bull market (most likely sometime in 2025) MYRIA token price prediction: $0.28.
- The MYRIA token sale price at the time of IEO was $0.002.
- Instead of relying on our MYRIA price predictions, use the Moralis Money $MYRIA page and consider the asset’s live price in combination with its real-time, on-chain metrics.
- By using that page, you get to easily decide whether or not the Myria crypto project is a good investment.
- To make your TA a whole lot simpler, make sure to start using the Money Line indicator. You can get your hands on it for free once you become a Moralis Money Starter or Pro plan user.
- Myria is an Ethereum L2 network that focuses on Web3 gaming solutions.
- The MYRIA coin is an integral part of the Myria ecosystem – it has multiple use cases.
While MYRIA looks like an interesting altcoin with impressive potential, it’s still worth reminding you that there are countless other altcoin opportunities. So, whether you end up buying $MYRIA or not, make sure not to forget about other alts. After all, the average altcoin tends to increase by 50x – 70x during the bull market.
Lastly, thanks to Moralis Money, you can use the power of on-chain analysis to find tokens before they pump. Unlike other on-chain tools, Moralis Money keeps things simple and actionable! Thanks to its core feature – Token Explorer – you can generate a list of altcoins that show promising potential in seconds. Plus, you can automate the process and create crypto trading strategies. By doing so, you’ll be able to find the next coin to blow up on autopilot. It’s your time to become a successful crypto trader!
