• bitcoinBitcoin (BTC) $ 66,499.00 0.58%
  • ethereumEthereum (ETH) $ 3,613.83 1.68%
  • tetherTether (USDT) $ 0.998403 0.09%
  • solanaSolana (SOL) $ 150.19 3.94%
  • usd-coinUSDC (USDC) $ 0.999247 0.06%
  • xrpXRP (XRP) $ 0.488181 0.05%
  • dogecoinDogecoin (DOGE) $ 0.136954 0.73%
  • cardanoCardano (ADA) $ 0.416186 0.99%
  • shiba-inuShiba Inu (SHIB) $ 0.000021 1.42%
  • avalanche-2Avalanche (AVAX) $ 30.06 0.4%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 66,695.00 0.64%
  • chainlinkChainlink (LINK) $ 15.05 2.23%
  • polkadotPolkadot (DOT) $ 6.36 2.59%
  • uniswapUniswap (UNI) $ 11.39 0.22%
  • bitcoin-cashBitcoin Cash (BCH) $ 426.05 0.43%
  • litecoinLitecoin (LTC) $ 78.92 0.02%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000106 11.33%
  • binance-usdBUSD (BUSD) $ 0.980161 1.11%

Key Takeaways

  • METIS is a layer 2 blockchain
  • METIS is a 10x from todays price back to ATH
  • METIS helps solve Ethereums scalability issues

What Is Metis?

METIS is an EVM compatible layer 2 blockchain built for its decentralization, scalability and fast transaction speeds. METIS helps the Ethereum blockchain by bundling up transactions and taking them off chain to process before returning them back to the Ethereum Network.

While the Ethereum network processes 10-15 transactions per second METIS is capable of processing upwards of thousands per second. Not only that but transactions on METIS cost just a fraction of what transactions on Ethereum do.

Most layer 2s are built purely to help Ethereum scale however METIS is building itself an entire ecosystem. This is where METIS stands apart from all the layer 2s.

In a lot of cases if Ethereum solves its scalability issues most layer 2s will become obsolete, this is not the case for METIS due to the extensive ecosystem they have built around the chain.

The Road Back To ATH

At the time of writing this the METIS token is sitting as a $111 million market cap with a token price of $25, which in comparison to other layer 2s and a lot of layer 1s this seems quite undervalued.

METIS has an ATH (All time high) of $300 which would place METIS as a bit over a 10x return on your money if the token reclaims its ATH we experienced during the 2020 bullrun.

One metric that really caught my eye while looking into METIS was the Mcap/TVL ratio. This is a metric used when analyzing chains and DeFi protocols that shows the TVL (total value locked) in comparison to the market cap of the network.

At the time of writing this METIS has a Mcap/TVL of just 1.7 which is definitely on the lower end. During the bull run this was at just 0.8 which is very good. This shows us that there is a very large amount of money locked on the network in comparison to the value of the chain, hence in a way showing that the chain is undervalued.

So what is our METIS price prediction 2022?

The number one thing I always look at first when investing during a bear market is can the project afford to maintain operations until the market has some upside again? Does the project have income streams? Do they have much money in the treasury?

If a project can not afford to pay server costs, employee wages etc for a couple of years then chances are the project will not survive until the next bull run.

Another point to keep in mind is what are tokenomics like? Do they make sense? Do VC’s own a large % of the supply? Are tokens vested?

Lucky for us Coingecko has recently implemented a tokenomics feature where we can view a breakdown of a token’s tokenomics.

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