Is Mango Markets A Good Investment?

tl;drThe Solana ecosystem is gaining more attraction from investors as the community develops. However, despite its rapid development, there is still a lack of a well-developed trading protocol on its blockchain. Mango Markets comes in with an intuitive, sleek UI/UX and extra CEX features to improve on trades done on the Solana chain. Mango Markets is a decentralized and cross-margin trading platform in which users can use up to 5x leverage with lightning-fast network speed and approximately zero transaction fees. Mango Markets platform is built and launched on the Solana chain, relying on Solana’s efficient high-speed framework for their markets. With approximately $309 million worth, Mango is ranked 185 among all crypto projects in the market in terms of market capitalization by September 29, 2021. Mango's price followed a bell-shaped trend, starting at $0.259 on August 14, peaking at $0.454 on September 10, and then following a downtrend reaching $0.3 on September 29. Moreover, its liquidity score is 17% below the market's average score,
Is Mango Markets A Good Investment?
Is Mango Markets A Good Investment?
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Introduction

The Solana ecosystem is gaining more attraction from investors as the community develops. However, despite its rapid development, there is still a lack of a well-developed trading protocol on its blockchain. Mango Markets comes in with an intuitive, sleek UI/UX and extra CEX features to improve on trades done on the Solana chain. Mango Markets is a decentralized and cross-margin trading platform in which users can use up to 5x leverage with lightning-fast network speed and approximately zero transaction fees. Mango Markets platform is built and launched on the Solana chain, relying on Solana’s efficient high-speed framework for their markets.

How Do Mango Markets Work?

Mango team decided to build on Solana instead of Ethereum to make it possible to implement the best possible user experience. Mango is following other influential projects in the field with their choice of the platform and is excited to pioneer the Solana ecosystem with everyone who is already building on it.

The platform is a DEX-based protocol on which Serum users can trade their tokens with leverage up to 5x. Moreover, Mango has some key features that help it stand apart; Limit and Market Order Trades, Leveraged Trades, Chart System, Lending, Near-Zero Fees. Let's see what do these features mean. 

Limit orders fill if the market price reaches the buy or sell targets. The trade is made instantly for market orders, picking the next price available on the order book.

Mango Markets will be the first platform to introduce the leverage market system using Serum, allowing users to use up to 5x leverage in the margin trade. To do so, you can simply place an order that is larger than your deposit value.

According to the high fees on Ethereum, the Mango Market is built on the Solana, which makes it possible to reduce trading fees with no fees on interest.

Serum uses a tiered-shaped structure that calculates fee rates based on the amount of SRM held in an account. The more SRM you have in your account, the less fee you pay. Mango leverages this on its margin structure. 

Talking about lending, Mango Markets utilizes a lending protocol that helps users to earn the most profit on their deposits, be protected against inflation, and use idle investments. Although it is not fully developed yet, the platform will enable users to maintain custody of their funds continually.

Financial Analysis

With approximately $309 million worth, Mango is ranked 185 among all crypto projects in the market in terms of market capitalization by September 29, 2021. However, it followed a bell-shaped trend over the past two months to reach this rank. Starting at the rank of 207 on August 14, the figure peaked at 161 on September 12 and then started to decrease to reach its current rank.

Mango's price also followed a similar bell-shaped trend, starting at $0.259 on August 14, peaking at $0.454 on September 10, and then following a downtrend reaching $0.3 on September 29. Moreover, its liquidity score is 17% below the market's average score, making it challenging to sell your investment if the market is falling. You can have Free access to our full report about Mango's market capitalization and price.

Popularity is another factor that plays a vital role in the success of any project. According to our report, since August 14, 2021, the number of Mango's Twitter account followers has constantly increased, moving it up from 35k to 57k followers on September 28 (63% growth).

Although the project is too young to talk about annual Return On Investment (ROI), our data show that Mango's investors saw a decrease of 16% on their investment from late August to late September. You can follow our reports on Mango's ROI on this page.

Is Mango Markets 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.

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