MITCH

MITCH looks like a ticker first and a product second, which is often how a small cryptocurrency presents itself to the market. By our assessment, the best version of this kind of asset is one with a clear purpose, some network of users, and a reason for being beyond the symbol on the screen. The good part is simple enough: tokens can be transferred quickly, and they sit neatly inside the trading habits that crypto already trained people into. The hard part is also simple: many tokens never grow into anything people use outside speculation, and that leaves them exposed to mood swings and churn. In practice, holding one feels less like using a service and more like following a live scorecard. MITCH belongs to the crowded token field where names change faster than the underlying usefulness of the asset. By our assessment, that makes it a speculative object before it is anything else.