MetisDAO Launch Mystery: Can You Solve the 374% Price Puzzle?

The MetisDAO Foundation recently took a bold step into the cryptocurrency domain by launching the Ecosystem Development Fund (EDF). This move allocates 4.6 million METIS tokens to drive growth within its ecosystem. This initiative, worth approximately $360 million, aims to reinvigorate the Metis network, increasing its attractiveness for both developers and users.

METIS/USD 30-day price chart (source: CoinStats)

Following the EDF announcement, the METIS token has seen a dramatic increase in value, jumping over 374% in the last 30 days. This increase can be attributed to growing confidence in the potential of MetisDAO, especially in light of its recent integration with Bitget Wallet and broader interest in Ethereum-based projects as the potential for an Ethereum Spot ETF looms.

In the previous 24 hours, however, a bearish momentum prevailed on the METIS price, which failed to surpass the intraday high of $113.37. As a result, selling pressure pushed METIS price to a low of $102.32, where support levels intervened and stopped further decline. Despite the negative pressure, the price has recovered marginally and is currently trading around $105, a decline of 6.71% from the intraday high.

24-hour METIS/USD price chart (source: CoinStats)

2023: a year of results for MetisDAO

In the previous year, MetisDAO carved out a prominent place among Ethereum Layer-2 solutions, achieving the third highest total value locked (TVL) in this category. This achievement underlines MetisDAO’s commitment to addressing the challenges of blockchain technology, such as transaction speed, cost and scalability. With its sights set on 2024, MetisDAO promises even more notable progress, setting the stage for what many analysts predict will be a bull year for altcoins.

As MetisDAO prepares for 2024, expectations are high. The EDF is a key pillar in this journey, providing the resources needed to develop infrastructure and encourage mass adoption. The foundation’s focus extends to projects within its ecosystem, such as Maia, Hermes and Tethys, indicating a global strategy for growth. Additionally, as the design of the Metis network addresses the key concerns of the blockchain trilemma (decentralization, security, and scalability), the stage is set for an eventful year in decentralized finance (DeFi).

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة