Morpheus.Network hits roadmap targets, attracting investors focused on fundamentals
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.
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.
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 $1.75.
Here’s a look at three factors backing the building momentum for MNW.
One of the biggest factors affecting the price and momentum for MNW over the past few months have been the smart contract upgrades and token swap processes that were initiated on Oct. 19, 2021.
The https://t.co/VDc7slHmXR MNW Token Is Here! The Swap Has Now Begun!$MRPH -> $MNWhttps://t.co/C7XO9j67cT
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
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