Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
  • Login
Buy crypto
Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
Newblock
Morpheus Network

Morpheus.Network hits roadmap targets, attracting investors focused on fundamentals

January 18, 2022
in Market Analysis
415 8
0
Share on FacebookShare on Twitter

 

The global supply chain has become an area of intense focus over the past couple of years and pressures from the pandemic and backlogged ports have led to a massive range of shortages for everyday items.

One protocol that is focusing on optimizing supply chain management and building strength based on data from Cointelegraph Markets Pro is Morpheus.Network (MNW), a supply chain software-as-a-service middleware provider designed to integrate legacy systems with emerging technologies.

VORTECS™ scoreboard leaders. Source: Cointelegraph Markets Pro

According to data from Cointelegraph Markets Pro, market conditions for MNW have been favorable for some time.

The VORTECS™ Score, which is exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points. These include market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. MNW price. Source: Cointelegraph Markets Pro

As shown in the chart above, the VORTECS™ Score for MNW has been elevated in the green zone for the majority of the past week and registered a high of 91 on Jan. 15 as its price began to trend higher with a 26% spike to $1.75.

Here’s a look at three factors backing the building momentum for MNW.

Morepheus upgrades its smart contract

One of the biggest factors affecting the price and momentum for MNW over the past few months have been the smart contract upgrades and token swap processes that were initiated on Oct. 19, 2021.

The https://t.co/VDc7slHmXR MNW Token Is Here! The Swap Has Now Begun!$MRPH -> $MNWhttps://t.co/C7XO9j67cT

— Morpheus.Network (@MNWSupplyChain) October 19, 2021

In the process of upgrading to new enterprise smart contracts for increased security and higher levels of efficiency, a token swap was conducted from the old MRPH token to the new MNW token on a 1:1 basis.

With the new smart contracts in place, programs stored on the blockchain are now able to execute automatically under certain terms or conditions that have been agreed upon by the parties involved, similar to real-world contracts.

These upgrades bring a new level of automation by enabling instantaneous outcomes while also reducing the need for third-party intermediaries.

Introduction of masternodes

Masternodes being integrated into the protocol’s structure was the second development responsible for the bullish outlook of the Morpheus.Network. This led to a more decentralized network while also giving members of the community a chance to contribute to the ecosystem in exchange for rewards.

Introducing MASTERNODES! https://t.co/whZBj2SQhj$MNW

— Morpheus.Network (@MNWSupplyChain) December 22, 2021

The roll-out of masternodes is set to take place during the year-long token swap period that ends on Oct. 19, 2022. The Alpha and Beta testing programs will offer MNW token holders an 18% APR based on the number of tokens they have staked.

The smallest node available to operate requires 1,800 MNW to be locked up. The largest node operators require a commitment of 360,000 MNW in order to validate transactions.

The Morpheus.Network set aside 1.2 MNW in rewards for the alpha and beta testing programs. 12.5% of the funds will go to alpha nodes while the remaining 87.5% will be distributed to beta nodes over the course of 2022.

Related: Altcoin Roundup: Three blockchain protocols taking the supply chain crisis head-on

Investors turn bullish on new partnerships

A third factor that has led to the rising VORTECS™ Score and positive outlook for MNW has been a growing ecosystem of partnerships as well as the growing recognition from the wider supply chain community of what the protocol has accomplished.

In October 2021, Morpheus.Network was chosen to receive the 2021 ISCEA PTAK Award for Supply Chain Excellence at the SCTECH2021 conference. It was also named as a 2021 Enterprise Blockchain Awards finalist.

https://t.co/VDc7slHmXR is a 2021 Enterprise Blockchain Awards finalist! Winners will be announced Tuesday Nov 16 2021 starting at 7PM Eastern, show us your support by registering for the event: https://t.co/3jAmCmKFuG #Blockchain #EBA2021 @blockchainRI $MNW

— Morpheus.Network (@MNWSupplyChain) November 16, 2021

Regarding partnerships, Morpheus.Network has joined forces with the Geometric Energy Corporation and Space-X to contribute to the DOGE-1 mission to the moon. This will allow the protocol to explore new ways to optimize the space supply chain.

More recently, Morpheus.Network also partnered with VIDT Datalink to help bring more transparency and security to the world’s supply chains.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Source link

You might also like

Hedge fund Bitcoin price

Bitcoin climbs above $41K on Wall Street open as gold dives, dollar cements highs

April 21, 2022
Bitcoin returns to test $40K

Bitcoin slides under $39K, leading some traders to forecast a weekend ‘oversold bounce’

March 5, 2022

Related News

Hedge fund Bitcoin price

Bitcoin climbs above $41K on Wall Street open as gold dives, dollar cements highs

by Editorial Team
April 21, 2022
0

Bitcoin (BTC) reclaimed $41,000 on April 14 as the first day of Western stock market trading after Easter painted a...

Bitcoin returns to test $40K

Bitcoin slides under $39K, leading some traders to forecast a weekend ‘oversold bounce’

by Editorial Team
March 5, 2022
1

March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global...

Bitcoin returns to test $40K

Bitcoin returns to test $40K as macro factors pile up to squash BTC bulls

by Editorial Team
March 4, 2022
0

Bitcoin (BTC) bended to new macro pressures on March 4 after bulls failed to hold $42,000 for long. BTC/USD 1-hour...

Bitcoin accumulation phase

Analysts say bulls will aim for $48K now that Bitcoin’s ‘accumulation phase’ has begun

by Editorial Team
March 3, 2022
1

Investor sentiment across the cryptocurrency ecosystem has seen a significant shift in the positive direction over the past week, despite...

Next Post
Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get daily news updates to your inbox!

Popular

  • crypto price analysis

    BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

    21678 shares
    Share 8671 Tweet 5420
  • Google Launches Blockchain Division

    5331 shares
    Share 2131 Tweet 1332
  • Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse

    972 shares
    Share 389 Tweet 243
  • GAIMIN Brings Blockchain and NFTs to Minecraft – Press release Bitcoin News

    957 shares
    Share 383 Tweet 239
  • Coinbase exec says major Ethereum scaling improvements coming soon

    923 shares
    Share 369 Tweet 231

Recommended

Spanish Treasury crypto tax

Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year

February 8, 2022
Bitrue To List SundaeSwap

Bitrue To List SundaeSwap As Cardano’s DEX Gets Off To A Rocky Start

February 14, 2022
Newblock

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Navigate Site

  • Blockchain news
  • Crypto Analysis
  • Ranking
  • Media Partnerships
  • Privacy Center
  • Contact Us
  • Donate

Follow Us

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Cardano
    • Solana
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
  • Buy Crypto
  • Privacy Center
  • Contact Us
  • Donate

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.