During the creation of Bitcoin, its pseudonymous creator Satoshi Nakamoto envisioned the asset as a payment system. However, what sets it apart from the usual traditional payment system is that it overrides control. It was created on a decentralized ledger, and payment can only be carried out via peer-to-peer systems. Although most new tokens have taken up newer use cases, some tokens are still taking up the Bitcoin mantle. One such is Metal, a blockchain project that enables swift payments across different users. In this article, we will be taking a deep look into the Metal project to determine how it plans to revolutionize the crypto market.
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Metal is a blockchain project developed to simplify the way digital assets are viewed and enhance their usage. By doing this, the developers intend to make it available to people in and out of the crypto market. The modus operandi to achieve this is to enable users to be compensated for making transactions (sending and receiving) through its platform, which has a mobile application. The rewards earned on the transactions are inclusive of supported fiat currencies. Using the Metal Pay application, users are open to earning a 5% cashback on transactions on the platform.
The Metal platform was launched in 2016 by Marshall Haynes, who doubles as the co-founder of Quickbooks. Hayner is no newbie to the crypto market after his joint work on amazing projects and digital assets such as Stellar, Dogecoin, and Block.io. Metal is a digital platform that allows users to send and receive money while earning incentives for carrying out transactions. The platform reward traders up to 5% in incentives for transactions.
The mobile app, which hosts most of its services, is available for download for Android and iOS devices. Any trader who intends to use the application must link their bank account to the platform. However, traders should remember that the platform has some specified locations that it supports. The application houses diverse digital assets and allows users to send both fiat and crypto using just the receiving party’s phone number. The platform also has a game-themed on its app where someone earns rewards based on how disciplined they are financially. The app also has a section on the app where users can turn their spare money into investments.
The MTL token is the native digital asset of the Metal application and powers the entire ecosystem. Users who intend to send money through Metal Pay with the MTL token can do so without paying any fees for transactions. Traders who intend to use MTL to purchase other digital assets on the platform can do so while paying lesser for transactions. On the exchange built by the company, users can either eliminate fees for carrying out transactions when they pay with MTL. Although MTL is still on the Ethereum blockchain presently, there are plans to migrate the token to the Proton blockchain in the coming years. According to the developers, a launch on Proton will open up the asset to more utility.
Metal has been picking up the pace since it debuted in the crypto market some years back. Presently, the digital asset is $2.68, losing 5.31% in the last 24 hours. In the last 24 hours, the token has since its trading volume hit $255,552,198, while its market cap is at $178,216,917. Presently, there are about 68 million MTL tokens in circulation. According to analysts, the token is projected to touch close to $3 before the end of 2022.
With the asset retaining its usefulness, analysts figure that a surge could push it close to $5.75 in 2023. While the normally expected trading figure is still at $4.87, the digital assets could trade at an average of $5.04. In 2024, the digital asset could be looking to breach the expected price to trade at $5.75. This is because the project is seen as one that would drive in potential income judging by its use cases.
Analysts also predict that the coin could touch close to $11.41 in 2025. The asset is expected to trade at an average of $11.74, while a surge could push it close to the $12 mark. 2026 could mark an integral aspect of the project’s life as it is expected to push into the $16 mark. While a surge could place it towards the $20, it is expected to return an average price of $17.
Should I Invest In MTL crypto?
Investing in a digital asset or product in the crypto market should be thought out. There is no guarantee that things will be rosy every time. The market is volatile, and tokens post losses and profits concerning certain factors. However, in terms of MTL, the project is promising, and they have every available product to woo new users. Provided they get the wider reach some of these top tokens have gotten, and they could be in for something big. Investors also would be able to make massive gains. The bottom line is that the project is pretty young and has the right things in place to excel, so it will be good for traders to invest while they can.
How To Buy MTL crypto on Binance
Although MTL is pretty new in the crypto market, the token has enjoyed a high flying start in the market. However, traders who intend to purchase the token can do so on Binance. Below are the steps to purchase the MTL token on Binance;
Step 1 – Sign Up
Binance requires traders who intend to use its services to sign up before they can access the website. The platform also has a mobile app for users who intend to use mobile devices. However, traders who want to enjoy the services will need to sign up by submitting their details which will undergo verification. Once you pass this stage, you’re ready to move to the next. Traders who own accounts on the platform will need to log in.
Step 2 – Deposit Funds
Once you’re done with the first step, you will need to deposit funds to purchase your MTL tokens. Binance provides users with all available options to deposit funds into their accounts on the platform. However, some deposit methods would only work in you’re in a location that supports the method. The deposit methods on the platform include credit/debit cards, bank transfers, and p2p payments. You should note that you can also deposit other digital assets which can be used to purchase the digital asset.
Step 3 – Purchase Your Metal Crypto
Once everything is in place, you can now purchase your MTL token. To purchase the token, you will need to create an order stating the amount of token you intend to purchase. Once you input that, you will set the order limit, and once the price of the token falls into the limit, it will be sent to your wallet automatically. You can now choose to trade your tokens.
Conclusion
The number of non-crypto holders worldwide is still at a very high rate. However, concerning that, mobile payments apps are becoming a norm. This is where Metal comes in, providing people with incentives in crypto when they carry out transactions. With that, most people would be open to the concept of digital assets, pushing them to adopt more. With the numerous offers on the Metal Pay app, it is normal for people to enjoy the concept of digital assets. However, you should only trade with spare money as the market is volatile and unpredictable.
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Source: https://cryptoticker.io/en/metal-plans-to-change-the-market-what-is-mtl/