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This week on-chain recap for the PolyNetwork exploiter's actions!
Polygon zkEVM (and most other L2s) have chosen to use ETH as their gas token
Hummus now has the highest TVL on $METIS. Next gen AMM stableswap with no impermanent loss for liq providers.
What new cryptos have you bought/are you considering during this bear market and why? (Semi-shill post).
Several blockchain-based projects are accelerating mass crypto adoption
Can anyone look into the safety of 0xnodes for me?
Get a $METIS token at a 10% price discount (This is not a joke or a scam, it's an algo peg)
If you missed out on Tomb finance you must read this! - Peak Finance is coming to Metis Andromeda!
Have you found new crypto that you're excited to watch how it develops in the future?
The Dip Slurp Incentivizing Token on Metis
The Dip Slurp Incentivizing Token on Metis
Andromeda Toadz Stealth Launched | Two Bonus NFTs | Plus $8,000 to Three Participants
🐅Metis Tiger Cat | Stealth launch| METIS Blockchain |💵 Thetys Rewards💵 | Liquidity Locked |🚀 Huge marketing coming | Dont Miss this 💎
STAKED $100K AT 1,200% - Netswap - MetisDAO (METIS) - Ethereum - Crypto Market 2022 🔴Live
Overview of Current Ethereum Rollup Solutions
Random Email turned Reddit post 😅 Revised with paragraphs. Sorry 🤦♂️
Random email turned Reddit post? 😅
NFTs, Layer 1's, Play to Earn, all of these have had significant hype cycles. I believe Layer 2's will have their time in the sun sooner or later into 2022. What are some good Layer 2 projects (with or without a token) that everyone should check out?
Mentions
There are two projects on my radar: 1) ERGo - I have been with this project for a while, but only right now I become more and more confident, that they are building a really revolutionary ecosystem. Strong fundamentals, founder with zero ego, great developers, awesome community, and a lot of already working projects. Rosen Bridge is coming, and it will open gates for liquidity first from the ADA ecosystem, and later to BTC and ETH. 2) HERA - this is a super low cap project, that follows the same ideology as ERGo - build a working project, instead of making promises, hype and marketing. They created an AI based pathfinder for swaps and bridges. Initially launched on METIS Blockchain, last few months that are working on launching it on ETH as well. Going to be huge, considering the progress that they made, and the market cap below 20 mln.
I don't trust their blackhat SEO tactics, example, look at this page title on Google's search result: [MetisDAO (METIS) Staking | Earn rewards up to 25% on crypto](https://www.google.com/search?hl=en&q=site%3Akraken.com%20stake%20metisdao) But the page body text will say “MetisDAO (METIS) staking is not available on Kraken.”
Anyone in here interested in METIS? It used to have hard pumps, and Vitalik's mum/mom is involved. Apart from it being some sort of L2 that's all I know.
The only really shocking pair is METIS-USDT.
I won't consider Shiba Inu (SHIB), Algorand (ALGO), nor Tron (TRX) to be undervalued just because they are priced under $0.15. My top 5 undervalued cryptocurrencies would be Ocean Protocol (OCEAN), MetisDAO (METIS), Numeraire (NMR), HashFlow (HFT), and Fetch AI (FET) based on their current market caps.
What's going on with METIS, that shit dropped to $10 and now has done a big green week. I know there was some hack a little while ago but don't know the details
"MetisDAO was launched with the involvement of a woman named Natalia Ameline. But why is this important? Because she is Vitalik Buterin's, the co-founder of Ethereum's (ETH), mother. But those who think Ameline is only involved with the METIS token are mistaken. Her journey in the crypto market is also marked by CryptoChicks, the nonprofit organization she co-founded with Elena Sinelnikova. This association focuses on educating women so that they can increase their leadership potential in the blockchain and technology sector." sourse: https://cryptonews.net/news/altcoins/19120233/
tldr; Metis, a layer 2 scaling solution, has announced a plan to compensate users affected by the PolyNetwork bridge hack. The project will distribute 117,000 METIS tokens to impacted community members. Additionally, Metis is implementing an enhanced cross-chain architecture using LayerZero's OFT model. The hack exploited the PolyNetwork bridge to drain liquidity pools of 8.8 million METIS tokens on Binance Smart Chain. Metis responded quickly by removing liquidity from various DEXes to limit the damage. To make affected users whole, Metis will distribute 117,000 newly created rMETIS tokens, which will vest over time. Metis has also upgraded to LayerZero's OFT architecture to improve the cross-chain experience and enable seamless Metis bridging without liquidity pool requirements. The transition to OFT architecture unlocks superior cross-chain operability for the Metis ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>The project will distribute 117,000 METIS tokens to impacted community members. Actually pretty decent on them for doing so.
I have a diversified portfolio. 40% in big caps (ETH, UNIBOT, INJ), 30% in small caps (PYR, METIS, VRA), 20% in low caps (HILO, SEND, BUMP) and I have the rest in stablecoins to buy dips & upcoming launches. >How has the last bull/bear cycle shifted your strategy? I've been adjusting the sizing based on key narratives & smart money flow. And then DCA'ing on the dips.
The answer will vary from person to person. I think It all depends on one's risk tolerance and your investment goal & target. Wealth is also relative. In the bull, alts will surely outperform bitcoin and they dump faster too in the bear market. I hold both BTC (small size) & altcoins, and I'm focused on increasing my spot size in ETH, METIS, INJ and VRA. I believe new projects will deliver the best return, so FLD (FluidAI) & ZETA (ZetaChain) are my main watchlists here and I will hold them long term. My investment horizon is usually 12-18 months.
Yeah, I agree with you. Although, I expect the bull to start a few months before the halving, in the first quarter of 2024. My prediction is AI & DeFi will be dominating narratives of the next cycle, and I believe MATIC, VRA, FLD, INJ & METIS will deliver a decent ROI.
That's true. Always try to take a profit near the top of the cycle but the bear market is a good time to accumulate. Taking VRA, METIS, MPL, and ORE in.
Arbitrum is superior by every metric. It’s faster and cheaper. More importantly it’s much safer. Like…way safer. Optimism has NO WORKING FRAUD PROOFS. On top of that - if Arbitrum goes offline you can still withdraw, Optimism you can’t. There’s literally nothing Optimism does better, but they have less restrict licensing around their code and so that’s what others are using (BASE, METIS, etc…). From a purely technical standpoint Arbitrum blows Optimism out the water. https://l2beat.com/scaling/risk
My picks would be METIS, ORE, and VRA.
Top 50 is a safety net but with minimum returns. Play safe with ETH and BTC but go for low caps if you want to big returns. Sub 100m in mcap would be better. VRA, MPL, INJ, ORE and METIS.
Literally all my portfolio is outside the top 50… SYN, HIGH, LCX, COTI, PNG, MAGIC, METIS, ACH etc.
You must be a true degen to go into $METIS under these conditions.
I will continue to DCA until Q4. ORE, VRA, METIS, MPL, and INJ.
The supply alone of Optimism is a no-go for me. Same goes for Abritrum. With the amount of grants going out on both of them, you can expect the prices to dump more. Polygon is quite possibly the best deal right now (despite the negative news), I use it more than anything, and primarily for my swaps with Ethereum, even more than our current L2 options. Be on the look out for the Orbiter Finance airdrop, if they launch, you can bet your ass I'm going all-in on that (be weary about airdrop scams though, Orbiter is launching a token). My favorite currently, that's going to be my next to start stacking is METIS. They have absurdly low supply for an L2, and if you're only interested in price action, this one will pump significantly during the bullrun or on news of proto danksharding going live on Ethereum. But by all means, if you're interested in those L2s, stack them. They are only going to get better.
These are basically protocols that will reward with an airdrop. Talking about low caps or something to accumulate now, VRA, METIS and ORE are on my list.
This is ongoing so things will change, but as of writing this the exploiter has moved: * 440 ETH worth $840k https://etherscan.io/tx/0xacdba593925a5147735438727e1b53ba7eafbe868eab51d6dc13d58d7aea82da * 8 million METIS tokens worth $180 million: https://bscscan.com/tx/0xa909b1cff73e239fc5531461c4303344bb74635a5fe5bc6f8b62daee00344a58 * 998 million SOFI tokens worth $52 million: https://bscscan.com/tx/0xced20d045b0b35816c9f0f526b3de7074ab8e112a84bdb3eb29d6712a5e02e54 * 978 million SLD tokens worth $17 million: https://bscscan.com/tx/0xc7caccf51aa539c0156b3c137583a659c7d1d8fdbc7d5cc9f0c988e535a4cff7
Chase actual projects like HBAR, VRA, ORE, METIS, and MPL.
You should note that not all alt will attain ATH again. A few like VRA, METIS, ORE, MPL, and INJ are on my watch list.
Best we scoop more now. I have bought for atleast $400 yesterday alone. I have bought some of METIS, EGLD, UTK and ATOM. Hope these will moon in the next bullrun. Crypto is here to stay, and no one can change that fact.
That is right and why it's important to invest early in solid projects ahead of the bull season. I'm considering low caps such as METIS and upcoming releases such as Starknet, ZkSync, and Weaver Labs' upcoming ADE token as my investment goals.
If there's anyone worth holding longer, I think that would be the OG meme- PEPE. Personally, I wouldn't hold any meme at this point. I'm diversifying in AI & L2 projects; METIS & ARB. I also took an interest in Common Wealth Genesis NFTs (minting on the 22nd) to prepare myself for early entry into web3 projects, for the next bull run.
I try to invest what will give me a good return and it's all my personal decision. I mostly DCA part of my pay check into ORE, VRA, METIS, and INJ while I have a small portion to gamble meme coins.
I invest whatever I can afford to lose because crypto is very volatile. It's a function of my risk tolerance. Diversification is a strategy I adopt to maximize ROI, maintaining exposure to ETH, VRA, METIS, etc. I'm also considering minting Common Wealth Genesis NFTs next Monday, to claim WLTH tokens on TGE, among other benefits.
At this point, I'm steering clear of risky investments and focusing on holding solid coins. My portfolio currently includes BNB, UTK, METIS, and FLR, which I'm confident will continue to perform well over time.
You can buy ETH/BTC they're the safest picks. There's a higher risk, but more ROI potential in L2s like METIS & CTSI. In fact, I staked my CTSI for passive income, at a 20% APR.
METIS is a phenomenal snipe under 20 if we reach it. Ive been dcaing under 30
I will find something else to buy once I meet my accumulation goals on a particular coin. Done that with ORE, INJ, VRA, and METIS. I'm looking to get some on SUI and ARB if they continue to dip.
Ah yeah, I've been sleeping on a Ledger, I'm an advocate for only accumulating crypto that can be stored on hardware after acquiring a Trezor last year. Unfortunately, Trezor doesn't have the mainstream support Ledger does. I'm thinking OP/ARB/METIS (possibly zkSync/Orbiter Finance airdrops) are going to be the big winners. I'm just waiting on token unlocks for Optimism before buying in, I'm expecting the price to dump (May 31st) pretty hard with all full unlocks opening.
WOJAK would be that meme coin. Second to PEPE. But I'm more interested in low caps at this time. It's still a good time to accumulate. The likes of ORE, VRA, METIS, and INJ.
Low-caps mixed with mid-cap will always be the best option to give max return in the next bull run. VRA, ORE, METIS, and HBAR might have a good run. NFTs are illiquid.
Smart decision. A lot of people get trapped in the memecoin chase and all capital being taken from them. There's no need to join if you are not early. I picked a few projects and will continue to DCA. METIS, HBAR, VRA, ORE and INJ.
We're getting closer and closer to the bullrun, it's not a time to be conservative. Narratives matter a lot and will help you make a lot of money. One of the easiest, less risk-adverse narrative is Layer 2s, do your research and take your pick between ARB, OP, METIS, LRC, and CTSI. Remember that the lower the cap, the higher the upside, but be sure they're developing nicely.
Although I've had some unlucky experiences with meme coins, I prefer to invest in low-cap coins that have the potential for easy 10x gains. Currently, I'm investing in some hidden gems like UTK, METIS, VELO, and OCEAN, which I believe have strong potential for growth and success.
Only a few people make it with meme coins. It's better to invest in solid gems. I will advise people to pick some low caps, and mid-caps like ORE, VRA, HBAR, and METIS
Earlier on, I was skeptical about them, but they are far better than other L1s tbh. Since I tried out Optimism, I knew L2s will eventually take over. I've been accumulating them since then, the low the cap, the better😁 CTSI ARB OP METIS ZKsync soon...
METIS, EVMOS, JUNO, SHD, SCRT. Not financial advice.
METIS I can see exploding because the supply. I'd highly recommend to buy 1, just 1 METIS. It could easily explode over $1000. Loopring I can see doing a 5-10x come bullrun. I'm going to look into Cartesi.
Good one, it will take off but it needs catalysts. And that will come. LRC, METIS and CTSI are unexpected L2s that will still take off. Each at its time. Though, I can't tell what it'd be for Loopring, maybe some crazy partnerships, I know Cartesi's, public testnet and eventual mainnet still to come. Many projects that people like to shit on because there's no hype working for them atm will make people eat their words later.
I wasn't much into crypto during the last bull run so I was just following the noise, I got rekt big time with meme coins which I wouldn't try again, this time I'm focusing o the top huge narrative that will shake the crypto space, first is AI which I got OCEAN for and the next is layer 2 with my main focus on METIS and the third one is QANX which is based on quantum-resistant chains
The portfolio isn't bad. Ethereum dominance is very okay. I think you should increase your exposure more in Bitcoin and Cosmos. MATIC is totally fine too. But If I'm playing the Layer 2 trend, I would buy undervalued L2, maybe METIS or CTSI instead, for better returns.
Layer 2 solutions are here to stay as long as the scalability issues of Ethereum persist. At the moment, my favourite L2s are MATIC, OP, ARB, CTSI and METIS. They rely on different solutions but the goal is to scale Ethereum.
Yes, a first time buyer should have some BTC and ETH in their portfolio. L1 and L2 coins like FTM, MATIC, CTSI, and METIS are good options if you are looking to increase your portfolio.
Honestly I'm a glutton for punishment so I'll likely try to swing trade it a little, sell 90% of initial while going down, buy back like 20% near the bottom and try to scalp the whole thing. I unironically think LSD coins like LDO/RPL and L2 coins like OP/ARB/METIS are gonna have to do some insane tokenomic/governance tricks to actually have value so I don't think they're bad moonshots but atm they're straight useless TVL inflators.
MATIC is my biggest bag , my long short is METIS it interesting , has a good team but needs more marketing in my opinion .
So it's about layer 2 protocol METIS. And yea, there is no fee meel, someone has to pay for it. This will be achieved by pre-funded transactions that are free for the end user and social key recovery reducing the consequences of private key mishandling — among other things.
Tldr - Ethereum layer two-specialized wallet BLS Wallet launched an integration with smart contract layer ethereum layer two protocol Metis (METIS) — promising feeless transactions.
"Ethereum layer two-specialized wallet BLS Wallet launched an integration with smart contract layer ethereum layer two protocol Metis (METIS) — promising feeless transactions." That's some boner fuel right there.
You have OP and MATIC, so I think you're positively inclined towards L2s. I am too. Whether you want to reduce your avax or not I really think exposure to more L2s won't be bad. METIS, CTSI, LRC are all good options to research.
I agree that the crypto market has grown significantly in recent years, and it's exciting to see blockchain technology's potential is realized. Utrust is undoubtedly a promising project topping my list especially given its emphasis on making cryptocurrency payments more accessible and user-friendly. I would also recommend looking into METIS and QRDO as other undervalued projects with great use cases.
Ethereum has more upside potentials vs Bitcoin. But you would probably make more gains with MATIC, so you can add more to your existing position. Other L2s such as OP, CTSI, METIS are good options too for investment consideration.
METIS by far. That and Moons have been my saving grace
OP is down, MATIC is down, METIS is down. The ones u mentioned are up probably because no one knows about them and probably low cap.
Original plan for 2023: Big caps only, switch to shitcoins closer to 2024. BTC > ETH > DOT. Reality: DOT, TAO, GLMR, METIS, EFI, AVAX, ETH, BTC, ASTR. ..That escalated quickly. Can recommend Bittensor (TAO). AI chain on Polkadot which held up during this latest dip. A bit quirky to get but should get some cex listings later this month.
I agree that the tokens you've identified as trending on Twitter are likely popular. I am particularly interested in the token MANA, as it seems to be doing well. However, I do not own any of the aforementioned tokens. Additionally, I have noticed that the token RIDE has been steadily increasing in value, likely due to its utility in Skyjack NFTs and other uses, likewise RUNE, MUSE and METIS.
It might just be a trap but smart investors always DCA. started buying at 16K and would buy more if the market falls even more. ATOM, ORE, ETH, METIS, and QNT are all good.
Polygon will be a top performer in this list. This is because the Layer 2 narrative is still strong & it has upcoming products like the zkEVM to be launched. I expect other Layer 2 coins (METIS, CTSI, BOBA) to follow also since they got amazing tech as well.
If my days of DCAing RIDE, METIS, and SOL aren't enough, then there's no need for FOMO, no matter how hard I want to enter. I can just TP, and that's all. Besides, I'm not totally convinced that the market is back on total greens, but I move with the flow as my holdings are moving smoothly against all odds.
My ETH play is METIS. Have other Alts too not pertaining to ETH though
I'm saving up my funds and looking for opportunities to invest in ETH and Layer 2 projects like METIS, CTSI, OP, MATIC, and LRC. The narrative is strong, and there's a ton of stuff happening in the Ethereum Layer 2 space, so I'm expecting to see more adoption next year.
What makes you confident in METIS’s ecosystem?
Very bullish. Whale bags with METIS and MAIA.
METIS DAO and it’s ecosystem
I'm a big believer in ETH and Layer 2 coins like MATIC, CTSI, OP, and METIS potentially leading the next bull run, but it's hard to say if that will happen in the coming year. Some speculate that the next bull run won't be until 2024, but we'll have to wait and see.
$METIS and it’s ecosystem
This is the right time to pick up some ETH layer 2s. Currently HODLING ETH, MATIC, OP, METIS
\-Mining fiat to have increased dry powder to invest \- Learning more about on-chain analysis ( smart money wallet tracking) \-Reading tons of Newsletter lately, consuming Alpha (s) \-Testing new protocols, for potential retroactive drops \-Increasing my position in L2 projects- (DCA'ing MATIC, CTSI, METIS)
Recently? METIS. A L2 ETH
Ocean, data economy is a go Atom, interoperability but considering pausing with the whole 2.0 hullabaloo GMX, dex perp trading METIS OP, L2s will have a great run e-Money, stablecoins that are actually are bullish
Considering I have a lot of those (except ADA), I believe the rest of my bags will fly highest too: SCRT, OCEAN, GMX, METIS.
Since METIS DAO is actually a DAC, how is your token not a security? I would like to hear the arguments on why SEC won't consdier METIS token a securitly. Thank you.
Have you guys requested METIS be listed on Kraken Exchange ??
What separates METIS from the other existing L2s like arbitrum and optimism?
What is the USP of METIS? Give us one thing that would make us choose your ecosystem over others.
How is METIS going to prove it's transparancy?
How did you come up with the name METIS
After such strong ETH and merge, really though METIS would perform a little bit better by now. Still waiting.
Because if not on the METIS then we will waste on something else.
Nope, you use regular ETH for gas. The OP token is sorta farm/governance like METIS/LRC right now.
Well said mate & I fully agree. Not doing anything different from these tbh, but I will always have a lunch money set aside to buy microcaps, made cool gains with those in the last bull >Ensure my portfolio has diversity in use case: L1, L2, Oracles, etc That's what I've been focusing on in the past months. Most especially METIS & CTSI which are Layer 2s
Matic obviously, probably LRC despite all the shit that gets thrown at it here(for that reason alone you might want a bag, and METIS.
Is there a way to buy ETH on CEX and transfer it to METIS network?
NEAR is solid. But I will want to add OP due to a possible strong layer 2 narrative in the next bull. Though METIS & CTSI has a lower mcap than it, still a good shot.
Rate my portfolio ETH- 50% MATIC- 5% METIS- 5% OP- 5% SKALE- 5% LRC- 5% IMX- 5% GALA - 5% BOBA- 5% AURORA - 5% GNO- 5%
METIS DAO L2 rollup / Reputation power / Soul Bound Tokens / DAC framework 👌 Current 4.3M circulating supply. 10M total supply. (Ya can’t stop greatness)
Then you don’t know METIS. And the way it was designed. Because if ZK is found to be the more viable solution. METIS can easily make the change You also don’t realize how much more Metis is doing besides being an L2 rollup Reputation power, soul bound tokens, DAC framework 👌
More like $9k METIS for me
METIS is by far the most superior of the bunch. Use case much more than just low gas fees.
ill look into this, I haven't had too much experience with $METIS but all this passive income staking talk has me super interested in finding the right project.
METIS pays gas fees in Metis token. And will be the first fully decentralized L2 by the end of this year. $METIS is 👑
METIS DAO will reign supreme