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$MIRA #Mira_Network
MIRA is currently undergoing a strong correction after the previous increase — the price has continuously decreased from the range of 0.0949 to 0.0864, losing about 9% in the last 12 hours. A notable sign is that trading volume remains stable (~11.5–14.5 thousand USDT per hour), but the closing price is lower than the opening price in 5 out of the last 6 sessions, indicating dominant selling pressure.
Deeply negative funding rate (-1.01%): This is an important signal — the derivatives market is heavily leaning towards short positions, creating a risk of a short squeeze if the price rebounds strongly. This means a slight bounce could force sell orders to buy back, causing the price to rise quickly.
MIRA is currently undergoing a strong correction after the previous increase — the price has continuously decreased from the range of 0.0949 to 0.0864, losing about 9% in the last 12 hours. A notable sign is that trading volume remains stable (~11.5–14.5 thousand USDT per hour), but the closing price is lower than the opening price in 5 out of the last 6 sessions, indicating dominant selling pressure.
Deeply negative funding rate (-1.01%): This is an important signal — the derivatives market is heavily leaning towards short positions, creating a risk of a short squeeze if the price rebounds strongly. This means a slight bounce could force sell orders to buy back, causing the price to rise quickly.
#mira $MIRA Current price: Approximately $0.088 - $0.103 USD.
Market capitalization: Estimated at around $21.6 million USD.
Total supply: 1 billion tokens, operating on the BNB Chain and Base networks.
Utility: Used for paying API fees, staking for node operation, governance (DAO), and as rewards for the ecosystem.
Upcoming schedule: A release of approximately 10.48 million tokens (1% of total supply) is expected to take place on March 26, 2026.
Team and Investors:
Founders: Karan Sirdesai (CEO, former Accel), Sid Doddipalli (CTO, former Stader Labs), and Ninad Naik.
Funding: Successfully raised $9 million in Seed round, led by Bitkraft Ventures and Framework Ventures, with participation from Accel and Mechanism Capital.
Market capitalization: Estimated at around $21.6 million USD.
Total supply: 1 billion tokens, operating on the BNB Chain and Base networks.
Utility: Used for paying API fees, staking for node operation, governance (DAO), and as rewards for the ecosystem.
Upcoming schedule: A release of approximately 10.48 million tokens (1% of total supply) is expected to take place on March 26, 2026.
Team and Investors:
Founders: Karan Sirdesai (CEO, former Accel), Sid Doddipalli (CTO, former Stader Labs), and Ninad Naik.
Funding: Successfully raised $9 million in Seed round, led by Bitkraft Ventures and Framework Ventures, with participation from Accel and Mechanism Capital.
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