Niloofar S.
Niloofar S.
Oct 28, 2021

Is Enzyme (MLN) A Good Investment In 2022?

tl;drThe Enzyme (MLN) is an Ethereum token that describes itself as "a protocol for decentralized on-chain asset management." It is designed to let anyone set up, make, and manage custom on-chain investments in a safe environment. Enzyme Finance is a protocol built on Ethereum (ETH) that allows users to organize, manage, and create custom crypto asset management vehicles named Melon Protocol. Decentralizing traditional asset management is an essential aim of Enzyme, a field that has historically been the domain of firms and professional financial advisors. Enzyme's price today is $128.05 with a 24-hour trading volume of $16,476,171. MLN price is down -8.5% in the last 24 hours. It has a circulating supply of 1.5 Million MLN coins and a total supply of 1.82 Million. At the time of writing this post (Oct 28, 2021), MLN's Return On Investment (ROI) over the past year was 109%, underperformed in 'Asset Manager, Finance / Banking, Business Platform, Decentralized Finance (DeFi)' categories which had 523% growth over the past year. It underperformed in the crypto market which had 39829% growth over the past year. Enzyme Network's marketing team is doing a great job! MLN's Twitter account saw a growth of 19% over the last months in the number of followers, which is considerable. Also, the number of MLN Reddit subscribers increased by 107%. However, the Telegram channel users had a 23% growth over the last months. MLN's Market Capitalization rank followed an overall declining trend, starting at the rank of 283-304 on July-Aug 2021, reaching 256 in Oct 2021. However, by the time of writing this post, MLN's market cap rank is about 306, and its value is $187,501,125 Million. Moreover, its liquidity score is 42% above the market's average score, making it relatively more difficult to sell in bear markets.
Is Enzyme (MLN) A Good Investment In 2022?
Is Enzyme (MLN) A Good Investment In 2022?
How do you rate this post?
Good
Average

Introduction

The Enzyme (MLN) is an Ethereum token that describes itself as "a protocol for decentralized on-chain asset management." It is designed to let anyone set up, make, and manage custom on-chain investments in a safe environment.

Enzyme Finance is a protocol built on Ethereum (ETH) that allows users to organize, manage, and create custom crypto asset management vehicles named Melon Protocol. Decentralizing traditional asset management is an essential aim of Enzyme, a field that has historically been the domain of firms and professional financial advisors.

 Its opinion is that the MLN cryptocurrency can lower the barriers to entry for asset management, opening access to more global consumers. For example, managed funds typically require management fees and minimum investment amount, which can put these wealth tools out of the ability of average users. Reaching their ability to create asset management funds requires substantial capital and legal consultation today; It can take years even to file documents for a fund on top of this.

Enzyme aims to design an alternative method. Working on the project's web portal, users can invest in portfolios and funds launched by other users that invest in their works. The Enzyme Finance rules use the MLN cryptocurrency to make different transactions on the platform. It keeps users modernized on the situation of its roadmap through its official website.

How does Enzyme Finance work?

Enzyme Finance is a collection of intelligent contracts whose computation is performed by the Ethereum blockchain. Fees for transactions are paid in the ether because of this design. These fees cover the cost of using Enzyme's software and Ethereum's computing power. The protocol itself consists of two layers, an infrastructure layer and a fund layer, and it comes with its Javascript library that enables web browser support.

The Fund Layer 

The Fund Layer is where users launch and control the fund's other users can invest.

Each fund contains two parts:

  • The Hub – The hub provides all the necessary tools to set up a fund and tracks the components that make up the funds; it is considered the core part of the fund layer,
  • The Spokes – The Spokes use intelligent contracts to define the funds, which each fund manager creates, and contribute specific services to the fund. Examples include the Vault, a component used for storing tokens on behalf of the funds, and Shares, which follows fund ownership.

The Infrastructure Layer

The infrastructure layer is controlled by Enzyme's DAO (The Melon Council.)

Some models of infrastructure contracts cover:

  • The 'adapter' contract – which links certain assets to price feeds for trading.
  • The 'engine' contract – which buys MLN for ETH to help pay for specific computations.
  • The 'price source' contract – which provides general information needed for actions within the funds.

Financial Analysis

Enzyme's price today is $128.05 with a 24-hour trading volume of $16,476,171. MLN price is down -8.5% in the last 24 hours. It has a circulating supply of 1.5 Million MLN coins and a total supply of 1.82 Million.  At the time of writing this post (Oct 28, 2021), MLN's Return On Investment (ROI) over the past year was 109%, underperformed in 'Asset Manager, Finance / Banking, Business Platform, Decentralized Finance (DeFi)' categories which had 523% growth over the past year. It underperformed in the crypto market which had 39829% growth over the past year.

Another critical factor in the success of any project is gaining public attention. Enzyme Network's marketing team is doing a great job! Our data shows that MLN's Twitter account saw a growth of 19% over the last months in the number of followers, which is considerable. Also, the number of MLN Reddit subscribers increased by 107%. However, the Telegram channel users had a 23% growth over the last months.

Over the last five months, MLN's Market Capitalization rank followed an overall declining trend, starting at the rank of 283-304 on July-Aug 2021, reaching 256 in Oct 2021. However, by the time of writing this post, MLN's market cap rank is about 306, and its value is $187,501,125 Million. Moreover, its liquidity score is 42% above the market's average score, making it relatively more difficult to sell in bear markets.

You are saying that Enzyme (MLN) is the best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.

How do you rate this post?
Good
Average

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation, or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation, and legal advice.

© 2022 - Created by Cryptologi.st