Introduction
Metis Coin (METIS) is gaining significant traction in the cryptocurrency market due to its innovative solutions for scaling Ethereum. This Layer 2 protocol utilizes Optimistic Rollup technology to enhance transaction speeds and reduce costs, making decentralized applications (dApps) more efficient and accessible. As the crypto landscape evolves, Metis stands out with its robust infrastructure designed for Web3 and decentralized autonomous companies (DACs).
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Current Price
As of June 15, 2024, Metis is trading at approximately $60.86 USD. This price reflects the volatile nature of the cryptocurrency market, influenced by factors such as market demand, investor sentiment, and broader economic conditions.
24-Hour Trading Volume
Metis has a 24-hour trading volume of around $211,431 USD. This figure indicates the total value of Metis coins traded within a day, highlighting the coin’s liquidity and the level of market activity.
Market Cap
The market capitalization of Metis is approximately $332.9 million USD. Market cap is a key indicator of a cryptocurrency’s size and market presence, calculated by multiplying the current price by the total circulating supply of coins. With a market cap in the hundreds of millions, Metis is a significant player in the crypto ecosystem, reflecting substantial investor interest.
Price Performance
Live Chart
Over the past week, Metis has experienced a decline of about 22.17%. This drop can be attributed to various market conditions, including overall market trends, investor behavior, and specific news events impacting Metis and the broader crypto market. Despite this volatility, the potential for growth and innovation remains a strong draw for investors.
Recent Developments
Metis has seen some notable developments recently:
- Binance Listing: Metis experienced a surge of over 23%, reaching a peak of $140 following Binance’s announcement that it would list Metis with a seed tag. This listing is significant as it provides greater visibility and accessibility for Metis on one of the largest cryptocurrency exchanges.
- Initial Coin Offering (ICO): The ICO for Metis launched on May 13, 2021, successfully raising $3,000,000. This initial funding was crucial for the development and deployment of Metis’ Layer 2 solutions and has helped establish a strong foundation for its growth.
AI and ML-based technical analysis predictions for Metis Coin:
Table
| Year | Hypothetical Average Value Prediction (USD) | Hypothetical Support Level (USD) | Hypothetical Resistance Level (USD) | Market Sentiment Prediction |
|---|---|---|---|---|
| 2024 | $236 (Predicted Range: $200 – $272) | $11.43 | $160 | Bullish |
| 2025 | $125.19 (Predicted Range: $100 – $150) | $9.50 | $140 | Bullish |
| 2026 | $150 (Predicted Range: $120 – $180) | $10.00 | $145 | Stable |
| 2027 | $175 (Predicted Range: $140 – $210) | $12.00 | $155 | Bullish |
| 2028 | $190 (Predicted Range: $160 – $220) | $13.00 | $165 | Bullish |
| 2029 | $210 (Predicted Range: $180 – $240) | $14.00 | $170 | Bullish |
| 2030 | $236 (Predicted Range: $200 – $272) | $15.00 | $175 | Bullish (by 2031) |
Disclaimer: The values presented in the table are entirely hypothetical and based on AI and ML model predictions, which are not guaranteed to be accurate. These predictions are for illustrative purposes only and should not be taken as financial advice. The cryptocurrency market is highly volatile, and actual future prices can differ significantly from predictions. It’s crucial to conduct your own research and consult with a financial advisor before making any investment decisions. The support and resistance levels are technical indicators that represent the price levels on charts where the probability of buying (support) or selling (resistance) is expected to increase. The market sentiment prediction column reflects the general attitude of investors towards the market or a particular asset at the time of prediction, based on the hypothetical model’s output.
Additional Information
Metis aims to bridge the gap between Web2 and Web3 by providing scalable infrastructure for a wide range of applications. Its protocol supports NFT platforms, decentralized social platforms, developer communities, influencer communities, and more. By enhancing Ethereum’s capabilities, Metis is positioned to play a pivotal role in the future of decentralized finance and blockchain technology.
Conclusion
Metis Coin represents a promising venture in the cryptocurrency world, particularly for those interested in scalable and efficient blockchain solutions. Despite recent price declines, its substantial market cap and trading volume reflect a strong market presence and ongoing investor interest. The recent surge following the Binance listing and the success of its ICO underscore its potential. As the cryptocurrency landscape continues to evolve, Metis’ technological advancements and market strategies will be crucial in shaping its future trajectory.
Investors and enthusiasts should stay informed about market trends and developments within the Metis ecosystem to make well-informed decisions. While volatility is inherent in the crypto markets, the potential for growth and innovation makes Metis a noteworthy coin to watch.
Disclaimer: Please note that price predictions are speculative and not guaranteed. Investing in cryptocurrencies involves a risk of loss. Always perform your own research and seek advice from financial professionals before making any investment decisions.
