MovieBloc (MBL) Surges 32% Out of the Blue, Trending on Binance

MovieBloc (MBL) has seen a surge in price over the last 24 hours, with the cryptocurrency rallying over 32% from a 24-hour low of $0.004357 to hit a high of $0.005962 before retreating to its current price around $0.005700.

This marks a significant turnaround for MBL, which had been declining in value for most of November after hitting a local high around $0.007677. The exact catalyst behind this sudden uptick in buying pressure is not entirely clear; however, one of the key factors that may be contributing could be the increased attention and trading volume for MBL on major exchanges like Binance which stood at $22 million.

Source: CoinStats – Start using it today

MBL volume spiked to over $170 million in the last 24 hours, which is significantly above its daily average. This suggests renewed interest from traders.

Looking ahead, it remains to be seen if MBL can maintain this positive momentum in the short term. The token could see some profit-taking and a pullback after such a strong rally. However, the fundamentals appear strong for MovieBloc’s blockchain-based entertainment platform.

Read also:

Crypto investors should keep an eye on MBL as both a speculative asset and a blockchain disruptor in the film industry.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency