MetisDAO (METIS) Defies Market Odds with Impressive Recovery

Jul 10, 2023 7:48 PM

BNB, Crypto Market, Crypto Scams & Alerts

MetisDAO (METIS) Price Surges by 11.5% Despite Recent Market Downturn

MetisDAO (METIS) has experienced a notable price increase of 11.5% in the past 24 hours, reaching $17.3. Despite the recent market-wide downturn, METIS has managed to perform well. Its total market capitalization currently stands at approximately $77.5 million, ranking 274th on CoinMarketCap. The surge in price is accompanied by a significant increase in the asset’s trading volume, which has risen by almost 20%. The majority of the trading volume comes from centralized exchanges (CEXs).

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The asset had previously fallen to a local bottom of $14.67 on July 8, but it has since recovered. MetisDAO recently announced that the METIS transactions on the BNB Chain affected by the Poly Network hack will be reverted. Additionally, the ecosystem’s governance protocol, MetisDAO, is considering deploying another contract and is encouraging liquidity providers to withdraw their funds.

In conclusion, despite the recent market downturn, METIS has seen a notable price surge and increased trading volume. MetisDAO is taking steps to address the impact of the Poly Network hack and ensure the security of its users’ funds.