Metaverse ETP- also known as Metaverse $Entropy – is the native digital cryptocurrency of the Metaverse ecosystem, a public blockchain. Entropy is a technical term in Physics (thermodynamics) that discusses the degree of randomness in a particular system, which might describe the blockchain-as-a-service (BAAS) platform.
The primary purpose of the ETP cryptocurrency is to offer security and facilitate utility within the metaverse blockchain. It essentially incentivizes users to stake and mine. Being a Chinese cryptocurrency, Metaverse shills have been saying that it will likely have a bull run similar to NEO and WaltonChain.
Here’s the thing, the whitepaper is full of grammatical and syntax mistakes, inconsistent logic, and outright pointless text. Still, shills defended it by saying the NEO and WaltonChain were also poorly written.
NEO already had a finished product by the time it pumped and filled a niche as the “Chinese Ethereum” to speculators. Every blockchain requires activity to prosper, and enough incentives must be given to miners and stakers to facilitate constant movement within the blockchain network.
Essentially, by providing ETP as a digital cryptocurrency that can appreciate value as the market capitalization increases as supply and demand increase, investors can grow their digital investments and use them to pay Metaverse bills.
Today’s Metaverse ETP price is $0.031129 with a 24-hour trading volume of $51,238.75. Metaverse ETP is down 2.64% in the last 24 hours. The current CoinMarketCap ranking is #1118, with a live market cap of $2,513,183. It has a circulating supply of 80,735,419 ETP coins and a max. supply of 100,000,000 ETP coins
What is Metaverse ETP
The ETP, the native digital cryptocurrency of the Metaverse blockchain, has been in existence since 2018. The Metaverse identifiable cryptocurrency has a circulating supply of 100 Million ETP tokens. The least possible denomination for an ETP cryptocurrency is 10^-8.
The Metaverse cryptocurrency, ETP, glorifies itself by its unique implementation as a measure of digital assets through Metaverse Smart Token (MST) while also being utilized in blockchain transactions as collateral. It cleverly uses blockchain new technologies such as a smart contract, a digital identity such as Avatar, smart property, and a unique Metaverse ETP cryptocurrency stored in a hardware wallet.
The Metaverse blockchain only allows payments in ETP, which comes in handy for ETP holders. Transaction fees are charged on various activities on the blockchain to ensure ETP is continuously used.
Cryptocurrency investors are often interested in the overall distribution mechanism utilized. Below is a detailed analysis of ETP Tokenomics and how they impact the current price of ETP cryptocurrency in the ETP Metaverse.
Metaverse ETP Distribution and Tokenomics
Tokenomics and coin distribution mechanisms have a massive impact on any blockchain project’s future value and success since it determines the foundational structure of a digital asset’s success. Transactions on the Metaverse require users to pay using ETP, giving them their governance responsibility.
The ETP cryptocurrency is distributed using several methods that overall sum up as a more elaborate distribution mechanism than various blockchains.
The ETP cryptocurrency is distributed in three significant ways:
- Deposit Interest Rewards system
- PoW mining rewards system
- Community and ICO.
The deposit interest reward system is essentially a staking mechanism that allows users to earn more, in the form of interest, by depositing ETP tokens for a specific period. Twenty million ETP tokens are reserved to facilitate the deposit interest rewards feature.
Alternatively, there is the PoW reward mechanism; these are targeted ETP tokens that facilitate the development and growth of the Metaverse network. The PoW reward scheme is allocated 30 million ETP tokens that will be rewarded to miners for interacting with the blockchain.
Finally, the ICO and community distribution method has a total supply of 25 million ETP tokens. These ETP tokens are offered to early investors in ETP’s Initial Coin Offering. Additionally, another 25 million ETP tokens are set apart to develop and support Metaverse-based blockchain projects through the Metaverse Foundation.
How do I get Metaverse ETP?
ETP is relatively widespread and has witnessed an increase in USD value since its introduction to the crypto exchange. The ETP cryptocurrency is currently available in many cryptocurrency exchanges such as HitBTC and Bitfinex altcoin exchange.
Also, other cryptocurrency exchanges like TopBTC, MEXC, and Coinsuper allow users to buy and sell ETP in high volume.
Since Metaverse blockchain provides a foundational infrastructure to third parties with enterprise and social requirements, it has a long-term impact on the future of blockchain technology, giving investors a chance to bet on long-term value appreciations.
Metaverse ETP Use Cases
The Metaverse has grown over the years and has morphed over the years since its inception. The old Metaverse blockchain has been redesigned to include new revolutionary features.
The new Metaverse network is focused on the infrastructure layer of the blockchain and is primarily focused on revolutionizing the decentralization of the Metaverse blockchain. The new Metaverse network requires little ETP for transactions and deployments to support developers.
Developers can deploy decentralized applications by paying reduced costs compared to the previous blockchain. These improvements allow for the rapid growth of the blockchain network by increasing overall transactions within the blockchain network.
Metaverse token, ETP, miner fees, and transaction costs
One improvement from the old Metaverse blockchain is the reduction in transaction costs. The Metaverse blockchain previously charged slightly higher transfer costs, making it difficult for decentralized app developers to deploy on the platform.
The Metaverse ETP fees for miners vary depending on the miner. Miners and developers receive reward values in ETP every hour.
The fees essentially range from o.65% for miners like Phoenix and Lolminer to 1% for miners such as Nanominer and TeamRedMiner. It is essential to note that these are costs for mining the Metaverse hyperspace.
Metaverse ETP Price History
Metaverse ETP’s market value has risen significantly since its launch. The digital cryptocurrency experienced steady growth in ETP value but has also experienced a significant reduction in ETP value during the bear market.
When looking at the all-time price history and technical analysis of the ETP value, it is clear that it has generally had a bearish trend. The highest prices ever recorded for Metaverse ETP were back in 2018 when it was launched on the cryptocurrency exchanges.
However, the market cap has shifted significantly upward and downward depending on the prevailing market sentiments. The bearish trend that began in mid-2019 has since led to an imminent fall in the ETP value, reducing the cryptocurrency’s total market cap.
The value reduction could be attributed to the change in the cryptocurrency’s native blockchain requiring users to transfer their ETP tokens that underpin transactions.
The Metaverse platform prides itself in its unique implementation of digital identities like the Avatar. The ETP value could pick up from its bearish trend due to the promising decentralized finance features that form the foundational infrastructure of the Metaverse blockchain.
Metaverse ETP Technical Analysis
Metaverse price analysis for September 20, 2022, reveals the market following a complete bearish movement, obtaining massive negative momentum, signifying a decline for the ETP market. The price of Metaverse has remained negative over the past few hours. Today, the price crashed and went from $0.0348 to $0.0311. However, the market started to increase in value soon after and regained most of its value. Moreover, Metaverse has decreased further and reached $0.0309.
Metaverse price analysis reveals the market’s volatility following an opening movement. This means that the price of Metaverse is becoming more prone to the movement towards either extreme, showing further declining dynamics. The Bollinger’s band’s upper limit is $0.0423, which is the strongest resistance for ETP. Conversely, the lower limit of Bollinger’s band is $0.0307, which is the strongest support for ETP.
The ETP/USD price appears to be moving under the price of the Moving Average, signifying a bearish movement. The market’s trend seems to be dominated by bears. The ETP/USD price appears to be moving downwards, illustrating a decreasing market. The market appears to have broken yesterday, triggering a reversal movement; there might still be hope for the bulls.
Metaverse price analysis reveals that the Relative Strength Index (RSI) is 32, showing an undervalued cryptocurrency stock. This means that the cryptocurrency falls under the lower neutral region. Furthermore, the RSI appears to move downwards, indicating a decreasing market. Finally, the dominance of selling activity causes the RSI score to decrease.
Metaverse price analysis reveals the cryptocurrency follows a strong downward trend with much room for further activity on the declining extreme. Moreover, the market’s current condition appears to be following a negative approach. Therefore, we can assume that the bears will start making their moves soon to maintain their control over the market.
Metaverse ETP Price Predictions by Authority Sites
Their forecasting system indicates that ETP is a poor long-term (1-year) investment. On Walletinvestor.com, a large range of digital currencies, including Metaverse ETP, have future values predicted using technical analysis. ETP may be a poor, high-risk alternative for investors searching for virtual currencies with a decent return after a year. The price of the Metaverse ETP was 0.0311 USD on September 20, 2022, although further devaluations of investments are possible.
According to Trading Beasts, The cost of Metaverse ETP is rising up. Currently, the price of a Metaverse ETP is $0.0310455, but by the end of 2023, the average price is anticipated to reach $0.0364421.
Tech News Leader
According to Tech News Leader, the number of users and adoption of ETP might rise with the right partnerships and developments. The price might increase significantly if the market focuses on buying Metaverse ETP. It can increase to a maximum of $1.65 by the year 2030. If the market declines, it is anticipated that the ETP will revert somewhat. With a minimum price of $1.40 and a maximum price of $1.65, the year 2030 may conclude with an average price of $1.44.
Metaverse ETP Price Prediction 2022
In 2022 the price of Metaverse ETP is predicted to reach a minimum level of $0.038. The ETP price can reach a maximum level of $0.043 with an average trading price of $0.040.
Metaverse ETP Price Prediction 2023
The price of Metaverse ETP is predicted to reach a minimum value of $0.057 in 2023. The Metaverse ETP price could reach a maximum value of $0.067 with an average trading price of $0.059 throughout 2023.
Metaverse ETP Price Prediction 2024
Metaverse ETP price is forecast to reach the lowest possible level of $0.085 in 2024. As per our findings, the ETP price could reach a maximum possible level of $0.100 with the average forecast price of $0.088.
Metaverse ETP Price Prediction 2025
In 2025 the price of Metaverse ETP is forecasted to be at around a minimum value of $0.13. The Metaverse ETP price can reach a maximum of $0.15 with an average trading value of $0.13.
Metaverse ETP Price Prediction 2026
In 2026 the price of Metaverse ETP is predicted to reach a minimum level of $0.18. The ETP price can reach a maximum level of $0.22 with an average trading price of $0.18.
Metaverse ETP Price Prediction 2027
The price of 1 Metaverse ETP is expected to reach a minimum level of $0.25 in 2027. The ETP price can reach a maximum level of $0.31, with an average price of $0.26 throughout 2027.
Metaverse ETP Price Prediction 2028
The price of Metaverse ETP is predicted to reach a minimum level of $0.37 in 2028. The Metaverse ETP price can reach a maximum level of $0.44 with an average price of $0.38 throughout 2028.
Metaverse ETP Price Prediction 2029
In 2029 the price of Metaverse ETP is expected to reach a minimum price of $0.55. The ETP price can reach a maximum price of $0.64 with an average value of $0.57.
Metaverse ETP Price Prediction 2030
Metaverse ETP price is forecast to reach the lowest possible level of $0.79 in 2030. As per our findings, the ETP price could reach a maximum possible level of $0.95 with the average forecast price of $0.81.
Metaverse ETP Price Prediction 2031
In 2031 the price of Metaverse ETP is predicted to reach a minimum level of $1.12. The ETP price can reach a maximum level of $1.39 with an average trading price of $0.16.
Metaverse ETP Price Predictions by Industry Influencers
Doctor crypto gives Metaverse ETP future price forecast from 2022 to 2030.
The Metaverse ETP cryptocurrency is a fascinating but unquestionably riskier digital asset than well-known Alts such as Ethereum. It has recently attracted a lot of attention as a result of its ascent in the market cap rankings. The Metaverse blockchain has a long-term influence on the development of blockchain technology since it gives a core infrastructure to third parties with corporate and social requirements, allowing investors to gamble on long-term value appreciations.
Metaverse ETP at its current pricing is down over 75% this year. The coin, however, has utility and should start recovering in bull markets. We expect increased valuation as more information about the new Metaverse blockchain becomes available. Due to the unique properties of its new parent blockchain, such as digital identities like Avatar, it might rapidly grow. Investors can, however, expect a bullish ETP trend from 2023.
In general, investors should exercise care when investing in assets with low trading volumes, such as Metaverse ETP. Before investing in Metaverse ETP or any other cryptocurrency, it is advisable to obtain investment advice and complete thorough research.