Mirror Protocol Price Prediction

An up-to-date Mirror Protocol price prediction for 2022, 2023, 2024, 2025, 2030. Wondering what is the future of MIR price? Find out Mirror Protocol price forecast with historical, fundamental and technical analysis.
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Mirror Protocol Fundamental Analysis

Project name
Mirror Protocol
Stock Symbol
MIR
Current Price
0.239
Current Supply
370575000
Official Website

MIR is a governance token facilitating the usage and development of Mirror Protocol – a DeFi project which allows the users to mint and trade synthetic assets tracking the real-world asset prices. This project was developed by Terraform Labs, which previously built the Terra blockchain and issued the stablecoin UST and the native token LUNA. Mirror Protocol was launched in late 2020 on the same blockchain. 

The point of Mirror Protocol is to allow people to gain exposure to the real assets’ prices without the need to buy and sell those assets themselves. This is achieved by issuing their mirrors – mAssets, which live on-chain, track real assets’ prices, and are backed by collateral at minting. Using blockchain technology to manage these assets makes them more accessible for people than many other financial instruments, like some of the traditional derivatives – for example, blockchain provides a fast and easy way of trading fractional shares.

MIR tokens are used mostly for governance purposes via staking. However, in the Mirror Protocol V2, which was recently rolled out, MIR appeared as one of the new collateral options for minting mAssets (previously only UST was accepted). Several other new features were added in this version, such as the support of pre-IPO Assets, “Mint/Short" LP Token, and some governance issue fixes.

Mirror Protocol Live Price Chart

MIR was launched in December 2020 to a lukewarm welcome, trading mostly in the $1.2-$1.5 range until mid-January. Besides the general market trend contributing to the Mirror Protocol price’s rise, it was probably influenced by good strategic decisions like a partnership with Mask Network or building a bridge to Binance Smart Chain. By the end of January 2021, the price reached ~$4.5 and kept rising, peaking in April at the all-time high of $12.86. Since then the market has experienced a downturn, which MIR sadly hasn’t turned out to be immune to. But still, Mirror Protocol developers seem to have some cards in their sleeves: after the news of the Mirror V2 update and Gemini listing, the price rallied to $7.25 on June 18, 2021, later slowly declining and consolidating around $4 in late June.

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Mirror Protocol Technical Analysis

Despite the fact that 100% accurate technical analysis for Mirror Protocol cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated MIR buy-and-sell rating for selected timeframe. The summary for MIR/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Mirror Protocol Price Prediction

Below we have collected the most reliable price projections for Mirror Protocol (MIR) from popular forecast platforms.

Mirror Protocol Price Prediction for 2022

As of Mirror Protocol price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects an upturn towards $0.42, and TradingBeast echoes with ~$0.482555 by the year’s end. Other experts, for example, from WalletInvestor, are more pessimistic about Mirror Protocol’s future price, citing numbers downwards of $0.02089 in December.
Potential ROI: 29% Buy

Mirror Protocol Price Prediction for 2023

In their Mirror Protocol price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $0.61 by December. Forecasting Mirror Protocol's future, TradingBeast expects further growth, too, saying the Mirror Protocol price will reach ~$0.719269 by that time. On the contrary, WalletInvestor keeps predicting Mirror Protocol price decline, quoting prices around ~$0.0126 in 2023.
Potential ROI: 87% Buy

Mirror Protocol Price Prediction for 2024

Mirror Protocol price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.869896–$0.89 range (TradingBeast, PricePrediction.net), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.00567 in December 2024.
Potential ROI: 146% Buy

Mirror Protocol Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 Mirror Protocol price prediction, valuing Mirror Protocol at $0.976807 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $1.3 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their Mirror Protocol price prediction for December of this year is just $0.0146.
Potential ROI: 220% Buy

Mirror Protocol Price Prediction for 2030

Speaking of long-term Mirror Protocol price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that Mirror Protocol price will grow further and eventually reach $1.201472 by the end of the decade. PricePrediction.net’s price prediction for Mirror Protocol echoes with the projection of an uptrend to $8.41. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $0.023506.
Potential ROI: 1244% Buy
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Summary

As it can be clear from the analysis cited above, Mirror Protocol (MIR) projections are rather contradictory. There is no universal consensus either about positive or negative future MIR price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Mirror Protocol projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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