• Metal DAO is making progress in the market today, returning to the $1 level it attained on February 12, 2023.
• The trading volume of the asset has increased by 32.66% today.
• Factors That Could Be Behind The Metal DAO Price Surge are Metal Pay and Proton Blockchain Launched.
Metal DAO (MTL) Price Surge
Metal DAO (MTL) is making progress in the market today, returning to the $1 level it attained on February 12, 2023. The trading volume of the asset has increased by 32.66%, indicating a positive trend for MTL holders. In this article, we explore some of the factors that could be driving this price surge for MTL tokens.
Metal Pay Creates Avenue For Faster Payments
Metal DAO aims to simplify its financial services for users without blockchain or FinTech knowledge with its Metal Pay platform which enables users to buy and sell over 65 crypto assets without any additional fees and link their bank accounts to process fiat currency payments. It’s also compatible with EvoShare, allowing users to convert EvoShare cash back into cryptocurrency with ease. Additionally, Metal DAO recently unveiled plans for a Metal Pay Credit Card that rewards users for spending USD with crypto rewards.
Proton Blockchain Launched
Metallicus has produced two blockchains: proton blockchain and metal blockchain; both of which have been gaining traction in recent weeks as more interest is generated from investors and developers alike. Recently, a proposal was submitted by Marshal Hayner (CEO of Metallicus) to Proton Blockchain block producers seeking to unlock the potential of the blockchain by granting several members grants for various projects related to development and research activities within Proton Blockchain’s ecosystem.
Increased Liquidity And Adoption Of Stablecoin XMD
The launch of Meta Dollar (XMD), a stablecoin launched by Metalkus earlier this month has seen an increase in liquidity across exchanges that are listing XMD as well as increasing adoption rates among merchants who support XMD payments via MetaPay Cash & Crypto App.. As more people discover what XMD can offer them, it is likely that demand will continue increasing as more people seek out ways to use digital currencies securely without having to worry about volatility risks associated with other cryptocurrencies like Bitcoin or Ethereum etc…
Conclusion
It appears that several events have contributed towards pushing up Metal DAO’s prices throughout 2021 so far; from increased adoption rates of XMD stablecoin through MetaPay Cash & Crypto App., numerous grants being given out within Proton Blockchain’s ecosystem through Marshal Hayner’s proposal and finally greater accession towards using digital currencies securely via Metal Pay Credit Card reward system – all these factors may be driving up demand for MTL tokens as people look to take advantage of these features offered by MakerDAO’s network..