Metis (METIS) is the native token of MetisDAO, a Layer‑2 scaling and multi‑network ecosystem built on Ethereum designed to support scalable dApps with both Andromeda and Hyperion chains.
METIS currently trades near $3.6–$3.8 USD (~৳449 BDT), with a modest market cap of around $26–$28M, well below its early 2022 peak, reflecting prolonged correction.
The token is down sharply (~‑98% from its all‑time high ~$323), showing extended long‑term drawdown common among altcoins post‑2021 bull run.
Technical indicators suggest oversold conditions with weak momentum and price trading below key moving averages, indicating bearish pressure but possible short‑term relief bounces.
Broader crypto sentiment remains cautious, and Metis’s price action largely follows general altcoin weakness, though ecosystem growth and AI/DeFi developments may support future interest.
@Metis L2 $METIS #METISToken #metis