Multi-Algorithm Myriad is the first currency to support 5 algorithms, catering for ASIC, GPU and CPU mining. Currently, those algorithms consist of SHA256d, Scrypt, Myr-Groestl, Skein and Yescrypt.
Myriad’s multi algorithm approach offers exceptional 51% resistance because a range of different hardware is needed to find 51% of the blocks.
Distribution Myriad was released to the wild on February 23, 2014 at 18:30 UTC. The first mined block came 4 minutes later, thus establishing that there was no premine.
Myriad Trade Analysis
Myriad (XMY) looks really good on the charts. This altcoin has been available for trading on Bittrex since 2014, this is a year after I started getting involved with Bitcoin. This is one of the crypto-relics (a few years is a long time in this market, the coins cycles are really fast compared to traditional markets). Let’s take a look at it and position ourselves…
Weekly chart:
Myriad found support on the 12th August when it touched the late 2017 price levels. After hitting this low point, this support hasn’t been tested again, a sign of strength since most altcoins had hit bottom twice before moving up.
The MACD is curving and turning up with changing volume; green to red.
RSI moving up slowly after it came out of oversold.
Stronger signals can be appreciated in shorter time frames.
Very good Project, devs are very active,
a bigger community, with more twitter activity would be great.
you are great!
Hope for more xmy Charts from you
Long Term
Max supply ist only 2B