Ethereum’s high gas rates last year spawned the concept of MetisDAO, a platform for decentralised organisations to thrive with much lower costs.
MetisDAO is a layer-2 solution built on top of Ethereum and has already attracted a variety of projects. It was founded by Elena Sinelnikova, winner of Canada’s Top Woman in Blockchain award, and Kevin Liu, who is also based in Canada. Since going live in 2021, the total value locked (TVL) into its mainnet has surged along with its METIS token.
The minting of new coins and the introduction of a new treasury system has led to some confident METIS price prediction. How high can the metis coin go? Please read on.
What is MetisDAO (METIS)?
MetisDAO believes that decentralised autonomous organisations (DAO) are the future of businesses and their day-to-day operations. But it argues the current framework provided by Ethereum cannot support this, especially its “high gas costs and low throughput”.
The concept of MetisDAO is a layer-2 Ethereum solution that solves Ethereum’s six biggest challenges: Simplicity, speed, storage, scalability, security and savings. It wrote in its whitepaper: “Metis creates an ecosystem to build a truly decentralised economy based on Layer 2. We believe this is the future of organisations, communities and the economy.”
Despite only launching in 2021, MetisDAO is already being used by a range of different organisations, including NFT marketplaces, staking platforms and cross-chain bridges. This clear utility has led to its platform taking off and its METIS token soaring.
METIS price prediction 2022
The consensus from METIS price predictions is for the token to soar over the coming years and reach a new all-time high. Some are even bold enough to forecast a price above $650.
PricePrediction.net offers a positive projection for the value of the token. It thinks METIS will reach $47.53 in 2023 and race to $105.32 in 2025. Its MetisDAO price prediction for 2030 is an optimistic $655.83.
The forecast from TechNewsLeader is similar. It expects the token to reach $48.72 in a year’s time and $101.88 in 2025. By 2030, METIS is forecast to hit an ambitious $581.54 price point.
Captain Altcoin makes a MetisDAO price prediction for 2025 of $66.21. It thinks the token will climb to $165.52 in 2030 and $331.05 in 2040.
DigitalCoinPrice estimates a more gradual increase. Its METIS price prediction expects the token to only reach the $57.81 mark in 2025. By 2030, MetisDAO is expected to hit $132.97.
WalletInvestor says the token is a “bad” long-term investment, giving a MetisDAO price prediction for 2022 that expects it to descend to $3.35 by the end of the year.
MetisDAO is an example of a platform and token with clear utility, providing a place for decentralised organisations to flourish. Experts and investors seem to appreciate this, as a strong future is predicted for METIS.
How many MetisDAO are there?
There are almost 4.4 million METIS in circulation (44%), with a maximum supply of 10 million.
Is MetisDAO a good investment?
It could be. Since launching its mainnet in 2021, a variety of platforms have integrated with MetisDAO. This utility has seen its price shoot up. However, METIS has also proved to be quite volatile, so you should never invest more than you can afford to lose.
Will MetisDAO go up? How high can the metis coin go?
The consensus from price predictions expects METIS to increase in the coming years. Some forecasts think the token will reach a new all-time high and eventually surpass the $650 mark.
Remember, however, that price predictions can be wrong, and that you should always do your own research before investing.
Hope this article can provide you with a better understanding about Metis price prediction 2022. How high can the metis coin go? You must've found the answer.
