Availing its uniqueness in the market, Matrix SmartChain is a new cryptocurrency in the list of cryptocurrencies that has started gaining much attention in the market based on its approach towards blockchain technology. Currently, they trade under the symbol MSC, and it has become popular on social media among investors and other cryptocurrency enthusiasts. MSC as of now stands at $2.02 for the coin and has had a 2.74% value hike in the last 24 hours to signify its dynamism as a stable coin.
Another significant feature well implemented in Matrix SmartChain is the token limit accordingly; there is only 120,000,000 MSC at most, which will be released in the circulating supply. This scarcity factor could still double up as demand and value precipitating factor in the long run since people will be keen on possessing a limited commodity. With the fully diluted market capitalisation coming to $ 242,440,158, the strong investors confidence and market interest in the project can be gauged.
Matrix SmartChain aims to revolutionize the blockchain landscape by introducing a trifecta of groundbreaking innovations: Matrix chain, matrix digital wallet and the matrix decentralized market. All these are set to redefine the way users engage the blockchain especially in the DeFi and Crypto Financial Services.
This is the primary reason why Matrix SmartChain has focused on scalability, effectiveness – and sustainability of the platform. The consensus in the project is based on a Proof-of-Stake (PoS) mechanism, which is recognised as preferable to the conventional Proof-of-Work models. Besides saving energy, it helps improve transaction velocities and cost, two of the most important issues related to cryptocurrencies in general.
The Matrix Smart Chain itself is the decentralized application platform and smart contract. It is planning to give users high-speed transaction and low charge to attract more developer and users for a better blockchain solutions. Beyond those functionalities, the emphasis on better UX and on-streamlined developers’ experiences can easily be a major weapon for Matrix SmartChain and make it a direct competitor to smart contracts platforms.
With the launch of the Matrix Wallet, we have another added functionality in the ecosystem. This digital wallet is planned to provide full compatibility with the Matrix Smart Chain and make the management of the MSC tokens and other cryptocurrencies and digital assets as convenient as possible. In light of widespread adoption of cryptocurrencies, a viable and user friendly wallet would certainly be a major added value proposition for Matrix SmartChain business.
One of the most thrilling opportunities Matrix SmartChain has is the coming soon decentralized exchange (DEX). The user will be able to swap MSC and other coins using this platform in a decentralised manner directly with another party. This could also lead to an increased use of Matrix DEX’s and thereby increase the demand for the MSC token, and provide users with a greater level of anonymity and security.
Matrix SmartChain has made great figures on the markets in terms of the 24h trading volume: $5,907,543. This positions MSC within the top tier trading volume wise and puts MSC into the 434th place in the ranking of all crypto-products. Hence, the kind of trading that we see is quite bullish for a project, which indicates a strong involvement by the crypto community, which is a positive sign for the future.
However, as we know, MSC has been recently launched, so it can be assumed that the circulating supply of the token is now set at 0. Moreover, investors and analyst targeting the MSC tokens will be able to separate the noise from the facts and get a good idea of how the project will perform as circulation increases.
One advantage / disadvantage of investing in Matrix SmartChain is that its current market cap valuation has not existed at the time of doing this research. On one hand, it implies that the project is still relatively young which means that the potential for the project’s value to increase after it is invested in might be quite high. It confirms on the other hand that there is need to undertake some more research and analysis when investing in any venture.
Like any other new cryptocurrency project, there is need inviters to carefully consider both the opportunities and threats bound to the Matrix SmartChain project. Although features have been implemented that are different from existing similar projects, and its market has been shown to be quite stable in terms of growth, it should not be forgotten that the market of cryptocurrencies is quite unstable.
Finally, Matrix SmartChain is an interesting new player in the blockchain and cryptocurrency market. Due to its special emphasis on the scale of operations and functionality while being designed for everyday use, MSC still has a good opportunity to establish its owns unique and abundant quantitative-niche in this field. Based on the information provided in the current work, it is exciting to wait for the next steps of the project and the further evolution of Matrix SmartChain to see how it will function in a constantly growing world of cryptocurrencies. Everyone from HODLers to budding investors will be sure to be keeping an eye on this new token as it strives to revolutionize the world of blockchain and DeFi.
