Morpheus Labs (MITx) Coin Review

MITx PRICE PERFORMANCE

MITx has been around since 2018. However, the cryptocurrency has not been very active. The coin is down by 83% from its all-time high price of $0.09 per coin, which it attained on its listing day. It has struggled to regain its peak price and is currently trading at $0.015 per coin.

ABOUT MORPHEUS LABS

Morpheus Labs is an end-to-end blockchain platform and app marketplace with active partners whose visions and goals are to find solutions to problems hindering mass adoption. The Morpheus Lab Blockchain-Platform as a Service powers up blockchain application development, offering ready-to-use development tools and applications in a blockchain agnostic environment. It is designed to overcome blockchain adoption challenges such as business scalability, finding a suitable use case or blockchain application, time consumption, and resource-intensity.

MITx DEVELOPMENTS

The Morpheus Lab development team has not been active since last year since they announced the network changes. The team wanted to launch a new website, change the homepage’s information, provide updates on their social media handles, and more. However, the team has not been active since then.

EXCHANGES MITx IS LISTED ON

Despite being around for over two years, MITx is listed on only a few cryptocurrency exchanges. You can see the coin on Mooniswap, Fatbtc, IDEX, Uniswap, Bilaxy, BitMax, Binance DEX, and HitBTC.

INVESTORS

There are no prominent retail or institutional investors who hold the MITx coin at the moment.

TRADING VERDICT

The MITx coin is currently down by 83% from its listing price, and there is little activity from the team to show that things would change soon. There are no prominent investors in the project, and it is only listed on a few cryptocurrency exchanges, with less than $6 million in market cap.

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