If you look into the performance of Naga, in the last couple of weeks you will realize that it has risen significantly. It is trading around US$ 1.2. On the other hand, when you look into the performance, you will realize that on a monthly basis, it has risen by around 100% if you take the impulse into account. However, when it comes to the market cap, it is ranked at 195. Investors are trying to figure out what has changed for the cryptocurrency leading to such a high impulse.
When you look at the Naga ecosystem, you will realize that it is for trading as well as to be used in the financial markets. It is for buying and selling virtual assets as well. This is one of the main reasons why its usage is actually increasing. However, when you look into the Lower fees, you will realize why it is actually beneficial. Moreover, as it is a utility tokens, the usage is increasing significantly. Utility tokens experience an increase in the market cap as well as the transactions increase. This is a clear indication that as it is getting more widespread, it will also become more popular. Moreover, when you look at the wallet of Naga, you will realize that you can receive the cryptocurrencies through email as well. This is one of the main advantages. There is an inbuilt exchange in the wallet itself. Moreover, the transactions are instant. The fees are near 0. As a result, it becomes easier for you to receive the cryptocurrency.
On the other hand, when you’re looking at MIXIN, it has increased by more than 100% in the last one month or so. This is because the development team behind MIXIN is actually developing a blockchain protocol with the help of which, instant transactions can be completed. These transactions can be completed securely. Moreover, with the help of this blockchain, decentralized applications will be made possible as well. As a result, the applications of the blockchain will increase significantly. The applications can be crowdfunding as well as to be used as an escrow service and even smart contracts. As the developments will significantly increase the usage of this particular token, it is gaining more and more momentum.
Thus, whenever you look into the changes in Naga as well as MIXIN, these are the developments due to which, the prices of these cryptocurrencies is increasing significantly.