This week, the coin market took a turn for the worse. After a period of relative calm, the market re-entered into a bearish phase. This event, however, is just a one-sided story. In the last 24 hours, the market registered an acceleration in its bullish trend. The coin – Metis – – is a new project, which has been introduced only six days ago, so it is an ordinary occurrence. We must not forget that there were a lot of negative news last week. Therefore, the current situation is only temporary, and the coin will return to its former position.
MetisDAO, the blockchain-based company for smart contracts in the real world, had a turbulent week. On August 20, it was announced that the METIS token would be listed on the 24th of August on the cryptocurrency exchange Bancor, and also that it would be integrated on the MetisPlatform for the development of smart contracts. Then, on August 22, the price of METIS had a sudden 150% increase. And then on August 23, the company announced that its services would be made available to the public and that the price of METIS would be available for trading on Bancor.
The cryptocurrency market is exploding! The total market cap of all cryptocurrencies has reached $200 billion, surpassing the highest mark of the first half of the year. The market has seen a staggering price increase of over 150% within the past week, with most top currencies experiencing double-digit percentage increases.
In the last several years, the globe has changed dramatically. The advances in technology are undeniable, and both large corporations and individual consumers have embraced contemporary technology. Furthermore, the blockchain technology used in the business has grown significantly in the last two years.
The rapid growth of NFTs and DeFi platforms has been aided by the integration of blockchain technology. This has a major effect on Ethereum’s capabilities, resulting in expensive gas costs, sluggish transactions, and restricted scalability. MetisDAO, for example, is a solution to this problem.
MetisDAO is an Ethereum layer 2 rollup platform that supports DApps, DAOs, and NFTs. Metis claims to be the answer to Ethereum’s most difficult problems. Fast transactions, cheap gas costs, excellent security, scalability, and storage are all features of the platform. As a result, Metis wants to establish Web 3.0 to let blockchain developers construct apps quickly.
Situation on the Market Right Now
The current price of METIS is $47.74 at the time of writing, with a 24-hour trading volume of $7,417,541. METIS has risen almost 150 percent in a week, according to Coinmarketcap, and now ranks 490th.
METIS Trading Chart
The chart shows the bullish trend that has been in place for the last week. Within seven days, the price of METIS jumped from $19.82 to $62.52, but it has since fallen to $47.74. The total number of METIS coins in circulation is 1,260,400. METIS is also accessible on popular exchanges like as Gate.io, Uniswap (V3), AOFEX, Jubi, and Uniswap (V3) (V2).
SwapAll has formed a new partnership.
On September 7, MetisDAO established a strategic collaboration with SwapAll. SwapAll is also a decentralized platform that seeks to offer an all-in-one cross-chain solution to all blockchain users.
Given the recent upgrades, the METIS pricing increase may be due to the collaboration with SwapAll. SwapAll will benefit from this relationship as it expands its roster of DeFi partners. This past week, though, would be ideal for METIS users. Users also anticipate a price increase in the coming days.
The price of cryptocurrency cryptocurrencies, in general, is one of the most important metrics for investors. Every day, new investors are pouring into the space, hoping to get in on the action, but only a few of them are making it.. Read more about iotx coin price prediction 2030 and let us know what you think.
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