MovieBloc is a platform for decentralized movie and content distribution. It is a reverse ICO project led by the Korean video streaming platform Pandora.tv.
MovieBloc’s mission is to use blockchain technology to solve problems caused by the dominance of the theater and home entertainment industries. The creators will receive a transparent revenue share, audience data, and equal screening opportunities and the viewers will have access to a diverse range of films, content, etc. They will be earn rewards for providing curation, subtitles, and marketing materials to the community. Currently, over 100 films and dramas have been shown. MovieBloc’s long-term goal is to build the largest film ecosystem centered on participants. Let us review the MBL price
MBL Price Prediction
Bullish Scenario: If MBL manages to break above the resistance level at $0.021 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $0.025 and $0.028. Breaking above $0.028 price level with significant buying volume will lead to a good chance of crossing above $0.033.
Bearish Scenario: MBL has been in an uptrend channel since the last few weeks. However, if the $0.013 support level is not held, the price will fall to $0.009, $0.004 and even lower sooner or later.
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