Media Network price prediction: Decentralised CDN lacks steam

A slow and steady downtrend for MEDIA in 2022 elicits a shrug from the online forecasters

Global map of data centre icons, connected in a network – Photo: Shutterstock                                 
Decentralised data networks can increase scalability for service providers – Photo: Shutterstock
                                

Contents

What is Media Network?

Media Network is a decentralised content delivery network (CDN) powered by a distributed set of global proxy servers. The technology stack allows for cached data to be relayed to end users, optimised by geolocation and bandwidth needs. The decentralised nature of Media Network provides lower latency and larger scalability than a traditionally centralised CDN.

Fully anonymous with no KYC procedures, Media Network’s technology stack is targeted at content publishers, media platforms and other enterprises requiring high data throughputs. In essence, Media Network acts as a tokenised distribution layer offering a decentralised alternative to Google Cloud, Amazon Cloudfront and other centralised CDNs.

Network uptime over the past 12 months has been over 99.8% across all geolocations, only brought down due to a momentary drop below 70% on 8 November 2021.

Graph of Media Network uptime across global locations – Source: status.media.network
South America and Oceania followed the same trend – Source: status.media.network

The Solana-based MEDIA coin is the juice that keeps Media Network running. Network participants must purchase and stake MEDIA to access the platform’s services.

Stakeholders on the network

To better understand exactly what is Media Network and the Media Network token, it is worth taking into account the key players and stakeholders, being the following:

  • Media Edge: This is the network of nodes actually storing and relaying cached data to end users. Media Edge nodes are incentivise to provide bandwidth through MEDIA token rewards. Likewise, by having to stake MEDIA tokens to run a node, Media Edge nodes can be penalised for bad behaviour

  • Media Guard: This is the security layer of Media Network’s nodal infrastructure. Media Guard nodes are incentivised to provide network security through MEDIA token rewards. Just like Media Edge nodes, Media Guard nodes must stake MEDIA tokens to incentivise good behaviour

  • Service providers: These are the websites, content publishers, media platforms and other businesses using the Media Network’s infrastructure. MEDIA tokens must be staked to use the services. Service providers pay a hosting fee which in turn in distributed to Media Edge and Media Guard nodes

  • End users: Clients and customers of the service providers. Note that end users also contribute to the Media Network by sharing data horizontally among other end users

Flow chart of Media Network’s economy – Source: media.network/whitepaper
Media Network can be thought of as a proof-of-liquidity (PoL) economy – Source: media.network/whitepaper

At face value, the Media Network’s circular economy may sound like a proof-of-stake (PoS) system, but there is a key difference. Staking is done with LP (liquidity pool) MEDIA tokens obtained when providing liquidity in the Serum Swap decentralised exchange (DEX). This proof-of-liquidity (PoL) system was implemented to maintain high liquidity of the MEDIA token, although this does create inflationary pressure on the price of the token.

MEDIA token: By the numbers

MEDIA underwent an initial exchange offering (IEO) in May 2021 in which 10 million MEDIA tokens were allocated as such:

  • Pre-seed investors (Alameda research) and advisors: 16%

  • Exchange liquidity: 5%

  • Public token sales: 15%

  • Reserve fund for staking rewards: 20%

  • Ecosystem and partnership development fund: 24%

  • Development team: 20%

  • Tech and infrastructure reserve fund: 15%

MEDIA has an impressively long vesting schedule until April 2028. As of 29 June, MEDIA had a circulating volume of 250,000 and a market capitalisation of $5.6m. The token was changing hands at $22.58, primarily over the FTX and Coinbase centralised exchanges. MEDIA is also traded on the Raydium and Jupiter decentralised exchanges (powered by Serum DEX).

MEDIA token has not encountered any substantial price action throughout 2022. Since the start of the year, the token has shed 40% of its value, unsurprising given the underperforming crypto markets.

Media Network price prediction

Digitalcoin’s Media Network price prediction begins at $29.29 for 2022, before heading up to $43.55 in 2025, representing gains of 92% over three years. The forecaster’s Media Network price prediction for 2030 of $103.02 suggests potential returns of 358% for today’s buyers.

The MEDIA coin price could reach $39.09 in 2022 before heading upward of $116.45 for a 415% return, according to PricePrediction’s Media Network price prediction for 2025. The 2030 target of $725.25 implies a potential 32 times gain on today’s trading price.

Wallet Investor has a bearish outlook on MEDIA token’s prospects, offering a 2022 target of $7.60 and a 2025 target of $2.30 for respective losses of 66% and 89%.

Although the above MEDIA coin price predictions could serve as a useful guide, they do not represent genuine financial advice. Currency.com recommends conducting a full due diligence exercise before opening a trade. Never invest with more than you can afford to lose.

FAQs

Media Network is a decentralised content delivery network (CDN) powered by a distributed set of global proxy servers. The technology stack allows for cached data to be relayed to end users, optimised by geolocation and bandwidth needs. 

Media Network price predictions are mixed. Some forecasters see the token going down and others suggest that it could net decent returns. You are advised to conduct your own research into the project before investing.

MEDIA had a circulating volume of 250,000 out of a 10 million token supply cap.

Sentiment remains mixed on MEDIA coin, so potential investors should do their own research first. No information presented in this article is presented as financial advice.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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