MetisDAO, founded by Elena Sinelnikova in the year 2019, is an Ethereum Layer – 2 scaling solution. Its mission is to leverage DAO infrastructure and open access to a full administration suite and community tools as well as make the revolution of Web 3.0 a reality.
MetisDAO Fundamental Analysis
The MetisDAO protocol aims to provide an innovative framework anyone can benefit from, whether they are working as an individual, a community, or a crypto dev. These benefits include scalability improvements, low gas fees, high-performance features, and a user-friendly interface.
MetisDAO is focused on the “6 S’s”: Simplicity, speed, storage, security, savings, and scalability.
This protocol aims to build up an organizational infrastructure that can come in aid to the empowerment of the Web3.0 economy. To achieve this goal MetisDAO has optimized Optimistic Rollup.
Rollups are smart contracts that allow the cooperation and communication between the main Layer 1 (L1) chain, in this case, Ethereum, and the Layer 2 (L2) Metis. Rollup solutions move the transaction from L1 to L2, and once the transaction is completed, L2 rolls up the data into a block and sends it to L1 for verification.
In Optimistic Rollups, L2 is the party of the aggregators and L1 is the validators. However in the case of Metis’ Rollups, the aggregators are called proposers, and the validators, go by verifiers. Once the proposer executes the transaction, the transaction transitions into a new state, then they present it to the verifier. By default, the validator assumes the transaction to be valid, which is where the term optimistic comes from. However if the validator notices an invalid transaction, they challenge the proposer to execute a fraud-proof.
Fraud proof runs the computation of the transaction by optimizing the available data of the state. It is necessary to know that transaction states are deterministic. On the occasion that fraud has taken place, the post-transaction state, would be different from the correct state, which in itself serves as proof of fraud.
MetisDAO has displayed a roadmap for 2022. During this year Metis is expected to grow in a spectacular manner. The aspects the Metis team is planning to work on during this year are
- Memolabs – based decentralized storage – this feature is scheduled to be released and integrated into the Andromeda mainnet by the end of Q1 of 2022. Utilizing this feature will enable a larger number of transactions to be rolled up at once, therefore reducing transaction costs. From a current cost of about $2 – $3 to only a few cents.
- Peer network – This network should prevent the time needed for transactions needed which come from the increasing volume. A Peer Node will act like a real node and handle both read and write functions. Whenever there is a high traffic volume, the network traffic will be redirected to different peer nodes.
- Ranger system – This feature is scheduled to be released and integrated into the Andromeda network at the end of Q2 2022. Rangers add an extra layer of both security and decentralization to the METIS network. They wait for two batches of verifications to occur and then get the Metis token rewards. These cycles are marked in a smart contract where different peers can notify when a batch has been verified. The launch of the Ranger System indicates the start of mining for 5 million reserved tokens which will be distributed over the next 9 years based on contributions from the Rangers.
- NFT Bridge – This project will launch at the end of February 2022. It will enable users to transfer NFTs from Ethereum mainnet to Metis Layer 2 and vice versa. The users will be able to trade NFTs at a lower cost as opposed to the high transaction fees they have to pay when trading on Ethereum Layer 1.
- Polis Middleware – This project will bring together users, people who have little to no blockchain experience, and Web2 developers as well as connect them with the Web3 world.
- DAC (Decentralized Autonomous Companies) Framework – Metis plans on releasing a DAC template at the beginning of Q2. This template will enable the users to create their DAC, manage memberships, mint tokens and NFTs, and much more.
- Metisverse – This project is also known as the Metis Family, through which users can get a lot of benefits such as; Technical support, marketing, community, builder mining, genesis ecosystem DAC funding, Metis Family Collaborations, the aid of the Web2 companies to migrate to Web3 and so on.
When it comes to tokenomics, Metis has a total supply of 4.9 million tokens, a maximum supply of 10 million tokens, and a circulating supply of 2.3 million tokens. Moreover, its market cap has reached $265 million.
MetisDAO (METIS) Price Analysis
At the time of writing, the METIS coin price is around $111. This currency reached its all-time high at $323 on January 16 of 2022 and then fell to $102 on the 31st of January. METIS performed quite well in the last couple of months, and we could see this momentum continuing. Moreover, its market cap is still relatively low, meaning that there is plenty of room for growth in the price of METIS.
Crypto Academy MetisDAO (METIS) Price prediction
|Months||Minimum Price||Average Price||Maximum Price|
MetisDAO (METIS) Price Prediction February 2022: In February of 2022, the minimum price of METIS is estimated to be around $100.08, whereas the average is predicted to reach $150.52, and the maximum price could be around $155.78.
MetisDAO (METIS) Price Prediction March 2022: In March of 2022, the maximum price of METIS could be around $169.23, minimum 148.80, and an average of 156.56.
MetisDAO (METIS) Price Prediction April 2022: As of April of 2022, the minimum price of METIS might hit $172.33, and the maximum could reach up to $181.36, and the average price is predicted to be around $174.85.
MetisDAO (METIS) Price Prediction May 2022: During the month of May, METIS is expected to reach and even surpass the $200 mark, it could reach a maximum of $229.34, an average of $215.07, and a minimum of $185.43.
MetisDAO (METIS) Price Prediction June 2022: In June, METIS might reach a minimum price of 231.58, an average of 234.52, and a maximum of 238.51.
MetisDAO (METIS) Price Prediction July 2022: In July, the average price of METIS is predicted to be around $249.65, whereas the maximum price could hit $258.88, and the minimum price might be $241.78.
MetisDAO (METIS) Price Prediction August 2022: As of August, METIS’s maximum price is predicted to hit 287.64, the minimum could be$260.19, and the average price $273.40.
MetisDAO (METIS) Price Prediction September 2022: In September, the minimum price of METIS is predicted to be around $290.58, the average price might hit the $300 mark, and the maximum $311.48.
MetisDAO (METIS) Price Prediction October 2022: In October of 2022, the maximum price of METIS has been predicted to be around $323.36, the minimum might be $313.43, and the average price $317.74.
MetisDAO (METIS) Price Prediction November 2022: During November, the minimum price of METIS is has been forecasted to be $327.15, the average $334.39, and a maximum of $342.03, therefore hitting a new all-time high.
MetisDAO (METIS) Price Prediction December 2022: By the end of the year, METIS’ maximum price has been forecasted to hit $350.11, a minimum of $343.84, and the average price $348.76.
MetisDAO (METIS ) Price Prediction 2022 Q1
METIS has started this year by being very volatile in price, hitting an all-time high of $323 and falling back down to $105. However, during the first quarter, the price has been predicted to only rise, reaching a maximum of $156.
MetisDAO (METIS) Price Prediction 2022 Q2
During the 2nd quarter, Metis plans on opening the Metis Sequencer Pool for community participation where the verifiers might be added automatically. This could lead the price to rebound back to $240.
MetisDAO (METIS) Price Prediction 2022 Q3
In these months, METIS has been predicted to surpass the $300 mark, with a maximum price of $323, and a minimum of $241.
MetisDAO (METIS) Price Prediction 2022 Q4
The end of the year has been estimated to be the most successful period for METIS. Reaching a minimum price of $313, and a maximum of $350.
Crypto Academy MetisDAO (METIS) Price Prediction 2023,2024,2025,2026
MetisDAO (METIS) Price Prediction 2023
In 2023 we can expect METIS to have a maximum price of $450, a minimum of $320, and an average price of $370.
MetisDAO (METIS) Price Prediction 2024
The market should see a bullish run during this year. Taking that estimation into consideration, the maximum price of METIS might be $570, with an average of $455.
MetisDAO (METIS) Price Prediction 2025
This year should be even more successful for this currency. METIS could end the year with a maximum price of $750, a minimum of $645, and an average price of $660.
MetisDAO (METIS) Price Prediction 2026
During this year, we can expect the average trading price of METIS to be around $960, and the maximum has been predicted to be over $1000.
MetisDAO (METIS) Market Price Prediction
Below is a list of some price predictions on MetisDAO (METIS):
Trading Beasts predicts steady growth in the price of METIS in the coming years. They forecast that the price of METIS can eventually surpass $400 in the coming years.
Priceprediction.net has predicted a slightly less successful year for METIS. According to this website, the average price by the end of 2022 should be $194, with a maximum of $228, and the minimum should be $190.
When it comes to a long-term prediction, Priceprediction.net has forecasted the price of this cryptocurrency to be $334 by the end of 2023, $483 in 2024, $701 in 2025, and $1038 by the end of 2026.
Digital Coin Price
According to this website, this currency may have a slow increase in price until 2025, ending it with $336, and fall back down to $310 in 2026.
Dr. Niki – YouTube
This YouTuber believes that METIS has a lot of potential and the price might increase exponentially. He states that in a very short time METIS should be able to reach $200.
How to buy MetisDAO (METIS)?
Step 1: Register on Fiat-to-Crypto Exchange
Firstly, you have to purchase one of the major cryptocurrencies, These purchases can be made on Uphold or Coinbase. Each one of these platforms has its own fees and policies.
Step 2: Buy ETH with fiat money
In order to make the purchase, you will have to select the payment method. In this step, you can provide a credit/debit card or use a bank transfer. Using cards requests higher fees and is an instant process, on the other hand, bank transfers are a slower process but cheaper.
Step 3: Transfer ETH to an Altcoin Exchange
Given that METIS is an altcoin, you will need to transfer the ETH to an exchange that METIS can be traded (such as Gate.io).
Step 4: Deposit ETH to exchange
Once the transfer has been made, the ETH has to be deposited. This is a process that might last 30 minutes to a couple of days, however, it is simpler than making a bank transfer.
Step 5: Trade METIS
After depositing the coin, you just need to click on the button “exchange.”
Frequently Asked Questions (FAQ)
Can METIS hit $1000?
Taking into consideration METIS’ exponential price growth in the past and its rising popularity, we can predict that METIS could reach and exceed $1000 by 2027.
Will the price of METIS increase?
The MetisDAO team has revealed their plans for this year which can only help METIS prevail in the future, by growing both in price and popularity.
Where can I buy METIS?
Some of the most well-known exchanges to purchase METIS are Hoo, BitGlobal, Coinone, and Bittrex.
Where can I store METIS?
Based on user feedback, staking METIS seems to be a fan-favorite practice. However, METIS can be stored in Metamask.
- MetisDAO is an Ethereum Layer – 2 scaling solution.
- It focuses on the “6 S’s”: simplicity, speed, storage, security, savings, and scalability.
- MetisDAO optimizes the Optimistic Rollup.
- In Optimistic Rollup, transactions are validated through fraud-proof.
- In 2022, METIS hit an all-time high of $323.
- By the end of this year, METIS should hit $350.
- It has been predicted that METIS may hit $1000 in 2026.