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The Ethereum network has undergone the Dencun hard fork with the so-called protodanksharding. In other words, these are the first steps to introduce ecosystem-wide scaling on layer one. However, Dencun is also perceived as a boon for second-layer solutions, and while some are well-known and used, Metis is on the more obscure side. Today, find the red-hot METIS crypto price prediction for 2024 and further in our article, together with deeper fundamental and technical analysis.
METIS Price Forecast 2024–2034
- There is a clear divide between bearish and bullish Metis price predictions. Even though the trajectory they chart is more or less the same, the difference in targets is large.
- A bearish METIS price prediction does not see it rise above the ATH even by 2030. The price will briefly rise above $100 in 2025 but the next time it will happen will come in five years.
- A bullish METIS forecast, on the other hand, expects it to shoot up to $473 this year already, and after 2030, breach the $1,000 threshold.
What are the Metis L2 and METIS?
Metis started as MetisDAO in 2021. It was a decentralized autonomous organization (DAO) that aimed to provide easy-to-use tools and infrastructure for individuals and businesses to create and manage decentralized applications (dApps) on the blockchain. Its suite of solutions included decentralized identity, decentralized governance, and decentralized data exchange.
The METIS Token is the native utility token of the MetisDAO ecosystem. METIS token holders can participate in voting and decision-making processes within the DAO. Users can stake their METIS tokens to secure the network and earn rewards. Finally, METIS tokens incentivize users to contribute to the network, such as hosting nodes, providing services, and participating in governance activities.
In 2023, the project transformed and announced that MetisDAO would build a hybrid rollup scaling solution for Ethereum. Metis L2 combines optimistic rollups with zero-knowledge proofs, two approaches usually not present at the same time. The Metis Andromeda chain is a modular blockchain, useful for not only quick and cheap transactions with ETH and tokens but also for building blockchain-powered apps.
Today, Metis focuses on providing the tools and infrastructure to build value-driven DAOs: from the hybrid L2 to solutions for any “decentralized autonomous company”. With the expanding scope of the project, its native cryptocurrency has seen a meteoric rise in value and price.
Metis Price History
METIS Price in 2021-2022
The METIS crypto was released to the crypto market in mid-2021, during a bull market. From the maximum supply of 10 million coins, 49.3% was released immediately in public and private sales and distributions. The remaining 50.7% of the METIS supply is to be released gradually with mining and community incentives.
In the presales, the METIS price was pinned at $5. On launch, it started at almost twice the price but quickly floored near the initial price. It wasn’t until August that the METIS token price returned to that level and kept growing past $100 by 2021’s end. In December, MetisDAO announced the DAC staking program, notably promoting it with a 29,000% APY rate — the sudden surge of METIS price to $250 suddenly makes a lot more sense.
The gains understandably did not last too long but on January 16, 2022, METIS reached its all-time high of $323. It enjoyed a few more months of trading above $100 before plunging to $20 after a market-wide crash caused by the Terra implosion. Then it lost some more in November, pulling back from $30 to $18 at the time of the FTX’s collapse. 2022 was a rocky ride for METIS holders, ending them up having lost more than 90% of its value.
METIS Price in 2023-2024
Fortunately, even though “crypto winter” somewhat describes 2023, it was a lot less stressful for METIS holders. At one point, in February, its price flew to over $40. The bullish sentiment lasted until September when METIS’s price in 2023 was back to square one.
Around that time, the downtrend changed, and the price started to climb up. From $10 it rose to $25 in mid-December. This time, MetisDAO announced a developer grants program, and this either a) caused, b) accelerated, or c) coincided with the price of METIS surging to $90 by the end of 2023.
In 2024 so far, the METIS token’s price has rarely been lower than $75. In January, it peaked near $119, throughout February it jumped again to $115, and at the time of writing, METIS’s price is $132.24. The cryptocurrency ranks 135th by market capitalization according to CoinMarketCap.
What Affects Metis’s Price?
The State of Ethereum Scaling
In 2024, Metis describes itself as a layer-2 solution for Ethereum and is mostly treated as such. The team members go around giving interviews that unambiguously place Metis in the Ethereum L2 niche. Why pivot from DAOs to rollups? The answer could be fitting a narrative that simply brings in the money.
Last year, layer-two solutions were seen as the optimal solution for the scalability problem that still plagues Ethereum. This has caused the impressive growth of products like Arbitrum, Optimism, Base, and Starknet, to name a few. However, Ethereum’s long-term roadmap implies that later down the line, the base layer should be able to process thousands of transactions for a negligible cost. The Dencun upgrade is one step forward to that vision.
Nevertheless, the L2 tokens are rallying together with ETH on the news. The reason is simple: in addition to the bullish narrative of Ethereum upgrading, data sharding also helps L2s a lot with making their operations cheaper. Metis has had a reputation for having the lowest fees since at least 2022, and even though the competition in 2024 is more fierce than back then, it still gets a mention now and then.
Market Sentiment
The timing of the meteoric rise of METIS’s price in 2024 has an apparent reason elsewhere: it’s the approval of the spot Bitcoin ETF in the US. This event has caused Bitcoin to rally and boosted the rest of the crypto market, METIS included.
The narratives around Dencun and the future of Ethereum L2s certainly help but they would have caused less impact if the crypto market was not as ecstatic as it is these days.
Tokenomics
The token supply dynamics are supposed to influence the token price due to the demand and supply interaction. At the same time, keeping the supply low is not an approach that will suit a lot of projects: Metis aims to onboard thousands of users and give value to many DAOs built on it.
Therefore, the total and maximum supply of the METIS token is capped at 10 million tokens. About half of the METIS tokens were allocated for public and private token sales to raise funds for the development of the MetisDAO ecosystem. This includes a percentage of tokens reserved for the core team members and advisors to incentivize their contribution and align their interests with the long-term success of the project.
The rest of the METIS tokens have become present and future incentives for builders and stakers. From “mining” rewards to grants, these are going to be distributed over the years. So far, about 400 thousand METIS have been released from this reserve.
Relevant to the perceived value of Metis tokens is that exchange listings can improve the sentiment and boost the price a lot. METIS has recently been listed on Binance, adding fuel to the fire of its pump.
Metis Price Analysis & Forecast
If we suppose the current price level of Metis is the local high, we will see that it had a lot of chances to establish the support level at $71.77. However, as things are right now, it would seem that it is too soon to say that $133 will be our peak for a while. The METIS chart seems to be forming a cup and handle, and the relative strength index supports the idea that a trend change is not yet due. In non-technical analysis terms, METIS could go on to $210 and beyond quite soon.
Metis Price Prediction 2024
JinseFinance analyzed the fundamentals of Metis on CoinLive. The whole analysis is well worth reading but the takeaway is as follows: METIS has the potential to grow to $188.17 and even $258.29. At the time of that report, it represented a 2–2.9-fold increase in market price.
CoinWire has an interesting perspective on the future price of Metis in the short term. In a month, they don’t expect it to exceed $129.88. The minimum price for METIS in April is pinned to $127.65. It seems that their moderate estimation does not come from the place of skepticism: quite the opposite, now is a good time to accumulate.
The Gleev video by Crypto4Light covers a couple of scenarios that the price of Metis can follow after the Binance listing. It can become a sale event, and after reaching $172, METIS would pull back to $78. However, a bullish scenario is more likely for the optimistic sentiment the incentivized testnet and potential airdrops create. Because of this, he claims that targets at $322 and even $473 are entirely possible.
Metis Price Prediction 2025
Based on the flow of money into the cryptocurrency market, in a year, or in March 2024, METIS can trade for about $351.14. This is the forecast by CoinCheckup, calculated by their original algorithm.
In March 2025, exactly a year from now, Metis can be trading for $328.93, as CoinCodex predicts. This falls close to the average price of Metis projected for that year: the upper and lower bounds are calculated to lie at $ 582.08 and $124.51 respectively.
The METIS price prediction by BTCC Academy is a little dated but surprisingly, it still tracks. It has the beginning bull market in mind, which is expected to peak in early 2025. Fiona C forecasts that in 2025, the price of METIS will fluctuate within the range of $197.56 and $233.62.
METIS Price Prediction 2026–2029
Do you want to know more about the Metis price from 2026 to 2029? Then here are some predictions from different sources. Outlooks vary: some sources expect lowkey performance, while others account for another market cycle in 2029.
| Year | AMB Crypto | Crypto.ro | Digital Coin |
| 2026 | $41.80–62.71 | $400–550 | $378.85–468.92 |
| 2027 | $55.18–82.77 | $375–500 | $494.18–589.78 |
| 2028 | $72.84–109.26 | $300–425 | $494.18–589.78 |
| 2029 | $96.15–144.22 | $375–600 | $610.21–702.79 |
Metis Price Prediction 2030, 2034
Even though in comparison to other Ethereum L2 tokens, METIS has been around for longer, there is still only a few years of historical data to go off of. Any forecast trying to guesstimate the price of Metis in 2030 or ten years from now is as good as speculation.
The unique prediction model by Coin Data Flow predicts the following: by 2030, METIS could be trading in the range between $278.74 and $958.63. Furthering the same projected path, in 2034 it will arrive at a point between $1,525.30 and $477.39.
The method employed by CoinLore is even less precise. There is some sense in expecting the crypto market to move in larger and larger waves. In 2030, the maximum price of METIS can be $516.01; in four years, it will be $1,092 already. However, this source does not rule out the possibility that Metis can sink to $9.90 by then.
AMB Crypto has tried to use AI to help them project the future price of METIS. It claims that the price range of METIS by 2030 will move to $189.7–284.55 and $558.69–838.03 by 2034. As things are today, the latter seems more likely than the former!
How to Buy Metis Crypto (METIS) on ChangeHero?
The Binance listing made buying METIS very easy but you do not even have to go there. Just swap any crypto for METIS with ChangeHero, without creating an account:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step, and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send a single transaction in the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: confirming the incoming transaction and performing the exchange as soon as it arrives;
- Once the exchange has been processed, your METIS is immediately on the way to your wallet.
Our customer Heroes are here for you any day, any time in the chat on the website or through the email: [email protected].
Conclusion
With the incentivized mainnet and major listings happening, Metis seems to be red-hot right now. It poses an opportunity to those who seek short-term gains and a long-term stash alike.
How did you like our Metis price prediction? Let us know on X, Facebook, Reddit, and Telegram. Find even more educational and informative articles on the ChangeHero blog.
Frequently Asked Questions
Does MetisDAO have a future? Is MetisDAO a good investment?
In 2023, MetisDAO announced that they would focus on building a hybrid rollup solution to help scale Ethereum. This pivot has proved to be economically successful, although some crypto users may find this approach unsustainable. The team has proven to be flexible enough to provide METIS token holders with value even in the shifting crypto market.
What is the all-time high for the Metis coin?
METIS reached its all-time high of $323 on January 16, 2022.
What is the maximum supply of Metis coins? What is the total supply of Metis Crypto?
10 million METIS have been minted on genesis. There is currently no inflation on top of it, and the staking subsidies are distributed from the locked portion of the METIS supply.
Disclaimer
This article is not a piece of financial or investment advice. No price predictions are guaranteed to provide exact information on the future price. When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis and at your own risk.
