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Metal (MTL) Price

Metal is built on the Ethereum Blockchain and provides its users with the facility to convert their fiat currencies into cryptocurrencies and vice-versa. It is a payment processing tool that will use Metal tokens, cryptocurrencies, and fiat currencies for

When Bitcoin was introduced back in 2008, the idea was for it to become a viable alternative to the traditional banking system. The blockchain technology that drives Bitcoin has given rise to a whole range of decentralised virtual currencies. However, despite this dramatic surge in the launch of new cryptocurrencies, the world is yet to adopt it as an alternative to fiat currencies. If anything, people are holding on to their blockchain assets in the hopes that its value will soar, just like that of Bitcoin.

Even though these cryptocurrencies claim to be the future of payments, a vast majority of them are yet to be implemented in day-to-day payments. However, there exist a few cryptocurrencies with specific focus on day-to-day use. Metal (MTL) is one such player, that aims to promote the usage of cryptocurrencies by rewarding its users with Metal token.

What is Metal?

You can think of Metal as a payment processing application that will use Metal tokens, cryptocurrencies, and fiat currencies for payments. It is quite similar to other payment service providers such as PayPal or Venmo, with the distinction that it will also support cryptocurrencies. Needless to mention, these peer-to-peer payments will be settled in real-time.

Metal is built on the Ethereum Blockchain and will provide its users with the facility to convert their fiat currencies into cryptocurrencies and vice-versa. What Metal is trying to achieve here is to give its users a platform where they can seamlessly operate between fiat and cryptocurrencies in a fair manner. To achieve this goal, Metal will make use of its MTL tokens.

Metal aims at encouraging people to adopt its technology and cryptocurrency through a reward mechanism known as PoPP, also known as Proof of Processed Payments.

Simply put, PoPP reward system has a fixed number of Metal tokens locked which will be released to Metal users when,

They use the Metal Pay application for the conversion of fiat currencies to cryptocurrencies and vice-versa
They use the app to send or receive money

This reward is up to 5% of the volume of the transaction. It is quite similar to earning a cashback, except you are rewarded with Metal tokens whenever you use the app for conversion, or for sending or receiving money. With the help of Metal Pay app, you can keep track of your money effortlessly. Furthermore, once you have accumulated enough Metal tokens, you can cash them out and spend it.

Therefore, it is evident that PoPP mechanism does not only serve the purpose of incentivising people to adopt cryptocurrencies, but it also introduces Metal tokens into the system.

At the time of genesis, a little over 66.5 million Metal tokens were created. Of these, a little over 20 million MTL tokens are up for sale, while 26.3 million MLT tokens are reserved for distribution through the PoPP reward mechanism.

It is important to know that Metal Pay is still in its early stages. In October 2017, the beta launch of the company took place. In addition to this, as of early April 2018, the Metal Pay app is yet to be made available to people. However, when the app is launched, people will have to undergo rigorous KYC formalities to avail the features of Metal Pay. The company has still got a long way to go and it will be interesting to see how it turns its vision into a reality.

Where to buy Metal cryptocurrency?

Metal cryptocurrency is available for purchase on some of the leading cryptocurrency exchanges in the world - Binance, Cryptopia, Livecoin, et cetera.

Metal Wallet

MLT tokens are supported on the Ethereum Blockchain, which means that they can be stored in any of the wallets that support Ethereum. There are plenty of options to consider here, ranging from hardware wallets, desktop wallets, mobile wallets, et cetera. Some of the popular wallets that can support Metal tokens are Ledger Nano S, Ledger Blue, Jaxx, Coinomi, et cetera.

Metal Token Mining

For the time being, Metal Pay has put a cap on the total number of MTL tokens that ever will be, and as mentioned earlier, this figure is a little over 66.5 million. These tokens will be created at the genesis and therefore, it will not be possible to mine Metal tokens.

Metal Price Trends

As of early April 2018, 1 MTL token is worth approximately $3.10, and just like its other counterparts in the industry, Metal too, is subjected to high volatility. The table below mentions how the price of Metal token has varied over the course of last seven months.

Date	Open	High	Low	Close	Volume	Market Cap
Nov 12, 2018	0.623055	0.623871	0.595278	0.605184	1,183,430	19,677,732
Nov 11, 2018	0.639272	0.639272	0.612312	0.621456	391,763	20,206,821
Nov 10, 2018	0.631616	0.643326	0.623722	0.637376	1,126,650	20,724,464
Nov 09, 2018	0.641592	0.645447	0.626632	0.627692	768,858	20,378,201
Nov 08, 2018	0.645009	0.674942	0.638645	0.641333	1,302,450	20,821,060
Nov 07, 2018	0.640787	0.652047	0.637449	0.641479	640,213	20,825,800
Nov 06, 2018	0.648866	0.648866	0.624168	0.639744	819,973	20,803,594
Nov 05, 2018	0.647212	0.654735	0.635923	0.645409	642,058	20,953,389
Nov 04, 2018	0.647288	0.651952	0.636988	0.644842	940,116	20,934,981
Nov 03, 2018	0.650406	0.667179	0.642766	0.647223	1,106,430	21,012,281
Nov 02, 2018	0.647964	0.654835	0.639287	0.650433	1,163,320	21,116,494
Nov 01, 2018	0.651854	0.669818	0.645480	0.645480	1,212,120	20,972,437
Oct 31, 2018	0.654930	0.665260	0.630435	0.653919	1,050,100	20,970,835
Oct 30, 2018	0.635035	0.674329	0.623635	0.656196	1,604,810	20,488,021
Oct 29, 2018	0.684836	0.688194	0.622073	0.635309	1,319,690	22,094,738
Oct 28, 2018	0.685680	0.694457	0.675709	0.687526	619,825	22,121,985
Oct 27, 2018	0.685567	0.711002	0.682063	0.682063	1,328,310	22,118,314
Oct 26, 2018	0.689090	0.692595	0.678840	0.688121	982,994	22,231,974
Oct 25, 2018	0.704685	0.706810	0.680969	0.689351	1,328,490	22,735,128
Oct 24, 2018	0.714512	0.718370	0.702415	0.704406	1,327,220	23,052,174
Oct 23, 2018	0.697093	0.723670	0.686978	0.716706	2,094,410	22,490,188
Oct 22, 2018	0.692716	0.704989	0.676983	0.696069	1,410,200	22,348,983
Oct 21, 2018	0.691999	0.717490	0.688557	0.692078	1,483,970	21,827,026
Oct 20, 2018	0.688065	0.700134	0.681607	0.695109	503,146	21,702,925
Oct 19, 2018	0.693483	0.693909	0.673177	0.685198	744,046	21,873,829
Oct 18, 2018	0.717892	0.725170	0.681043	0.692575	1,260,570	22,643,751
Oct 17, 2018	0.724646	0.724646	0.708172	0.716525	1,523,390	22,856,779
Oct 16, 2018	0.726226	0.747559	0.715485	0.723465	1,880,490	22,509,748
Oct 15, 2018	0.731268	0.786641	0.704973	0.727796	4,577,350	22,519,792
Oct 14, 2018	0.682173	0.848959	0.674566	0.748361	12,437,900	21,007,876
Oct 13, 2018	0.670595	0.686397	0.640351	0.678934	2,475,360	20,651,314
Oct 12, 2018	0.680784	0.735053	0.662979	0.674093	7,233,940	20,828,945
Oct 11, 2018	0.682648	0.840740	0.574942	0.709455	10,291,800	20,885,959
Oct 10, 2018	0.703197	0.705061	0.672060	0.683809	2,277,180	20,990,466
Oct 09, 2018	0.703030	0.718666	0.694247	0.706594	502,257	20,985,507
Oct 08, 2018	0.686057	0.718505	0.672131	0.701419	1,007,660	20,478,852
Oct 07, 2018	0.676087	0.687613	0.665065	0.683358	516,921	20,181,249
Oct 06, 2018	0.692291	0.692291	0.671357	0.673540	1,047,810	20,664,925
Oct 05, 2018	0.712949	0.723691	0.683215	0.691384	2,578,120	20,765,586
Oct 04, 2018	0.661848	0.705206	0.657485	0.703411	6,949,500	18,778,609
Oct 03, 2018	0.681177	0.687643	0.650617	0.662200	884,460	19,327,041
Oct 02, 2018	0.696299	0.701010	0.678452	0.678452	1,080,590	19,458,581
Oct 01, 2018	0.686895	0.704758	0.677282	0.695679	4,270,390	19,195,781
Sep 30, 2018	0.705543	0.708000	0.679049	0.691777	627,620	19,575,803
Sep 29, 2018	0.702555	0.755873	0.687263	0.704515	2,661,420	19,492,891
Sep 28, 2018	0.695115	0.721946	0.689338	0.703049	1,386,730	19,286,480
Sep 27, 2018	0.679012	0.714732	0.664650	0.696353	1,648,310	18,839,687
Sep 26, 2018	0.660848	0.681643	0.652215	0.674037	869,762	18,335,711
Sep 25, 2018	0.687093	0.701394	0.648521	0.661163	2,282,450	19,063,889
Sep 24, 2018	0.706655	0.722212	0.672067	0.687845	1,971,480	19,606,649
Sep 23, 2018	0.704849	0.726436	0.683326	0.708573	911,780	19,556,533
Sep 22, 2018	0.714510	0.726447	0.665924	0.701993	2,142,640	19,824,590
Sep 21, 2018	0.691983	0.729684	0.689401	0.711381	1,471,680	19,199,565
Sep 20, 2018	0.681566	0.721904	0.668069	0.687043	3,160,600	18,794,115
Sep 19, 2018	0.698012	0.707712	0.651119	0.682364	1,895,460	19,247,608
Sep 18, 2018	0.686782	0.724265	0.670296	0.694457	2,420,920	18,861,697
Sep 17, 2018	0.766246	0.783749	0.679128	0.684472	3,007,960	21,044,089
Sep 16, 2018	0.811918	0.817420	0.742903	0.765002	1,196,880	22,298,436
Sep 15, 2018	0.849938	0.909278	0.801059	0.815105	2,076,500	23,172,612
Sep 14, 2018	0.779338	0.926087	0.726557	0.852616	3,528,060	21,247,774
Sep 13, 2018	0.744781	0.800747	0.717367	0.778948	1,549,000	20,086,100
Sep 12, 2018	0.666785	0.807817	0.658643	0.744376	3,471,360	17,982,620
Sep 11, 2018	0.670246	0.686896	0.623496	0.663822	1,291,680	18,075,961
Sep 10, 2018	0.630116	0.690936	0.628065	0.671294	2,195,030	16,867,668
Sep 09, 2018	0.631925	0.665348	0.608172	0.627381	714,230	16,916,079
Sep 08, 2018	0.710861	0.734817	0.619745	0.632140	844,446	19,029,151
Sep 07, 2018	0.679565	0.718964	0.641235	0.710656	2,526,860	18,191,380
Sep 06, 2018	0.632700	0.725735	0.579692	0.680824	2,806,150	16,746,830
Sep 05, 2018	0.813291	0.863233	0.632075	0.632075	4,675,350	21,364,215
Sep 04, 2018	0.720713	0.820192	0.716056	0.797682	2,120,750	18,788,158
Sep 03, 2018	0.712373	0.745102	0.687764	0.722532	1,215,720	18,570,741
Sep 02, 2018	0.683484	0.732030	0.672266	0.710609	1,069,230	17,817,642
Sep 01, 2018	0.648926	0.700744	0.648926	0.683639	694,353	16,786,953
Aug 31, 2018	0.640045	0.699564	0.630232	0.649687	1,376,680	16,429,214
Aug 30, 2018	0.677313	0.679890	0.611619	0.635988	669,348	17,385,835
Aug 29, 2018	0.708754	0.711917	0.675100	0.675162	485,149	18,192,884
Aug 28, 2018	0.707962	0.733607	0.694579	0.707263	1,124,220	18,172,567
Aug 27, 2018	0.668299	0.723756	0.652347	0.711314	1,250,160	17,154,461
Aug 26, 2018	0.655996	1.07	0.622123	0.665901	992,668	16,838,650
Aug 25, 2018	0.610373	0.668595	0.596400	0.656213	1,101,980	15,667,557
Aug 24, 2018	0.581817	0.634532	0.571086	0.629604	718,607	14,818,201
Aug 23, 2018	0.545443	0.586652	0.543747	0.579905	683,295	13,891,789
Aug 22, 2018	0.589137	0.623221	0.531143	0.552046	967,528	15,004,619
Aug 21, 2018	0.580628	0.603960	0.570822	0.587893	449,112	14,787,91
Aug 20, 2018	0.628221	0.644216	0.584461	0.585555	937,690	16,000,049
Aug 19, 2018	0.603745	0.645074	0.597749	0.630397	687,411	15,376,687
Aug 18, 2018	0.671417	0.693572	0.589221	0.603599	1,131,810	17,100,206
Aug 17, 2018	0.598040	0.678694	0.598007	0.670804	940,056	15,111,780
Aug 16, 2018	0.597727	0.616615	0.584452	0.601170	498,379	15,086,779
Aug 15, 2018	0.571366	0.649426	0.563865	0.598329	1,011,570	14,421,408
Aug 14, 2018	0.639315	0.641452	0.517943	0.554014	638,313	16,136,477
Aug 13, 2018	0.727199	0.741675	0.632337	0.643196	585,695	18,354,679
Aug 12, 2018	0.708438	0.734366	0.689109	0.726664	795,895	17,881,154
Aug 11, 2018	0.777452	0.777452	0.692033	0.713584	670,738	19,623,076
Aug 10, 2018	0.854784	0.864863	0.768259	0.780520	562,674	21,574,950
Aug 09, 2018	0.810547	0.869812	0.797415	0.857478	1,115,280	20,458,405
Aug 08, 2018	0.930495	0.930495	0.814885	0.818239	823,072	23,485,927
Aug 07, 2018	0.968683	1.03	0.931690	0.931690	1,157,510	24,449,790
Aug 06, 2018	0.995731	1.01	0.949935	0.970052	1,325,340	25,132,485
Aug 05, 2018	0.956921	1.04	0.956921	0.991715	1,881,320	24,152,918
Aug 04, 2018	1.02	1.03	0.934616	0.951321	621,174	25,827,084
Aug 03, 2018	1.05	1.06	0.966859	1.02	722,093	26,619,513
Aug 02, 2018	1.09	1.11	1.04	1.06	1,150,170	27,549,356
Aug 01, 2018	1.15	1.15	1.07	1.10	990,628	29,051,957
Jul 31, 2018	1.26	1.26	1.11	1.14	1,555,030	31,852,990
Jul 30, 2018	1.34	1.34	1.22	1.26	2,310,350	33,863,573
Jul 29, 2018	1.33	1.35	1.29	1.34	680,393	33,506,170
Jul 28, 2018	1.32	1.36	1.28	1.33	2,029,360	33,238,876
Jul 27, 2018	1.29	1.34	1.24	1.31	2,642,530	32,567,234
Jul 26, 2018	1.34	1.40	1.27	1.29	3,712,160	33,730,304
Jul 25, 2018	1.29	1.35	1.27	1.33	4,274,640	32,596,800
Jul 24, 2018	1.30	1.32	1.22	1.30	2,733,970	32,767,600
Jul 23, 2018	1.34	1.37	1.29	1.30	2,256,080	33,913,300
Jul 22, 2018	1.34	1.38	1.30	1.34	1,713,780	33,836,800
Jul 21, 2018	1.35	1.37	1.29	1.34	2,756,240	34,040,000
Jul 20, 2018	1.41	1.57	1.27	1.33	5,833,850	35,495,900
Jul 19, 2018	1.45	1.49	1.38	1.41	2,315,360	36,503,400
Jul 18, 2018	1.42	1.57	1.41	1.46	3,878,680	35,783,100
Jul 17, 2018	1.35	1.45	1.30	1.42	2,412,230	34,124,100
Jul 16, 2018	1.27	1.35	1.23	1.35	2,445,760	31,990,500
Jul 15, 2018	1.20	1.31	1.19	1.27	1,803,610	30,294,100
Jul 14, 2018	1.23	1.24	1.17	1.20	597,621	31,113,400
Jul 12, 2018	1.27	1.28	1.17	1.20	747,692	32,008,900
Jul 11, 2018	1.28	1.31	1.25	1.28	1,030,270	32,281,600
Jul 10, 2018	1.44	1.45	1.28	1.29	1,392,190	36,197,600
Jul 09, 2018	1.57	1.57	1.43	1.45	1,419,950	39,357,500
Jul 08, 2018	1.55	1.60	1.48	1.57	1,875,030	38,984,500
Jul 07, 2018	1.65	1.65	1.47	1.56	2,514,420	41,407,400
Jul 06, 2018	1.38	1.91	1.26	1.66	11,405,000	34,554,800
Jul 05, 2018	1.42	1.45	1.33	1.37	1,098,600	35,774,400
Jul 04, 2018	1.37	1.48	1.33	1.42	786,914	34,334,700
Jul 03, 2018	1.42	1.52	1.34	1.36	1,658,950	35,672,400
Jul 02, 2018	1.30	1.46	1.29	1.42	1,569,330	32,622,600
Jul 01, 2018	1.33	1.36	1.27	1.30	1,596,250	33,382,500
Jun 30, 2018	1.24	1.35	1.24	1.34	1,083,720	31,197,900
Jun 29, 2018	1.20	1.25	1.12	1.23	1,172,040	30,189,500
Jun 28, 2018	1.29	1.31	1.19	1.20	1,545,920	32,488,400
Jun 27, 2018	1.28	1.31	1.24	1.30	717,784	32,189,800
Jun 26, 2018	1.38	1.38	1.28	1.28	1,405,470	34,684,500
Jun 25, 2018	1.28	1.38	1.24	1.38	2,036,920	32,043,400
Jun 24, 2018	1.36	1.36	1.18	1.27	964,918	34,268,800
Jun 23, 2018	1.46	1.49	1.33	1.36	2,024,580	36,676,600
Jun 22, 2018	1.79	1.80	1.43	1.46	1,040,290	45,016,300
Jun 21, 2018	1.83	1.89	1.79	1.80	1,701,710	45,984,700
Jun 20, 2018	1.94	1.95	1.78	1.84	1,475,510	48,762,200
Jun 19, 2018	2.00	2.02	1.92	1.92	1,132,420	50,174,600
Jun 18, 2018	1.98	2.02	1.83	2.00	1,144,790	49,681,300
Jun 17, 2018	1.97	2.00	1.91	1.98	1,468,720	49,382,700
Jun 16, 2018	1.88	1.97	1.88	1.96	2,258,220	47,181,000
Jun 15, 2018	1.98	1.99	1.85	1.88	952,625	49,760,100
Jun 14, 2018	1.79	2.09	1.78	1.98	1,360,980	44,865,900
Jun 13, 2018	1.94	1.96	1.74	1.78	745,329	48,804,000
Jun 12, 2018	2.20	2.28	1.91	1.95	1,693,350	55,177,800
Jun 11, 2018	2.11	2.21	2.02	2.20	1,292,760	52,933,600
Jun 10, 2018	2.53	2.53	2.08	2.10	1,358,470	63,634,800
Jun 09, 2018	2.70	2.73	2.51	2.52	1,168,310	67,915,800
Jun 08, 2018	2.76	2.81	2.62	2.71	12,553,200	69,340,500
Jun 07, 2018	2.68	2.82	2.68	2.77	15,115,300	67,462,600
Jun 06, 2018	2.75	2.75	2.64	2.69	10,192,100	67,739,800
Jun 05, 2018	2.78	2.80	2.61	2.75	12,909,700	68,358,200
Jun 04, 2018	2.99	2.99	2.76	2.77	11,802,100	72,277,600
Jun 03, 2018	2.97	3.03	2.93	2.97	5,437,410	71,886,200
Jun 02, 2018	2.92	3.02	2.88	2.96	11,952,200	70,736,400
Jun 01, 2018	2.99	3.01	2.88	2.92	11,932,300	72,335,800
May 31, 2018	2.99	3.13	2.95	2.98	12,376,600	72,358,400
May 30, 2018	2.72	3.15	2.72	2.98	13,029,200	65,826,600
May 29, 2018	2.50	2.79	2.46	2.74	11,957,400	60,410,600
May 28, 2018	2.89	2.92	2.50	2.50	11,433,400	69,891,200
May 27, 2018	2.92	2.95	2.84	2.91	12,010,500	70,733,100
May 26, 2018	2.91	3.00	2.88	2.91	802,958	70,516,200
May 25, 2018	3.14	3.14	2.88	2.91	9,332,290	75,977,000
May 24, 2018	2.92	3.16	2.80	3.12	9,862,260	70,725,600

Metal Cryptocurrency Recent News and Development

Metal cryptocurrency is one of the few digital currencies out there that followed a different path than its peers. It peaked in its value shortly after being launched. The token reached its highest point slightly above the $13.50 mark before gradually dropping down to its previous levels close to $4.50.
Its value spiked once again in the months of December and January - right around the time when Bitcoin and Ethereum were surging exponentially. This time, however, it managed to gain as much 100% to go slightly beyond the $10 mark. The Metal token failed to find a steady heading thereafter and consequently, by the end of January, it was back to its previous levels below $5.
Through the remainder of the year, the cryptocurrency continued to lose its value. It was traded at levels varying from $3 - $5 without incurring any sharp gains or losses. Things changed in June when its value plummeted further and it went below the $3 mark. By July, the token was being traded slightly close to the $1.50 mark and the same, by August, had dropped below the $1 mark.
Through the months of September, October, and most of November, the cryptocurrency stayed close to $0.60 mark.

Risks associated with Metal Tokens

As seen in the table above, Metal token is subjected to extreme levels of volatility. Just like every other cryptocurrency out there, it has lost a tremendous amount of value in a matter of hours, if not days. Even though it has the promise of delivering strong returns in a very short span of time, the risks of trading in cryptocurrency far outweigh these promises. Furthermore, the legality of these cryptocurrencies is another issue that has put the prices on a downward trajectory. As more and more governments across the world crackdown on these virtual currencies, it becomes increasingly difficult to not only hold on to cryptocurrencies but also expect an appreciation in value.

In the long run, traditional investments have always fared better. That's why, if you are looking to invest your hard-earned money, then we strongly suggest you consider mutual funds instead of risking it in cryptocurrencies. Investing a little every month in a good mutual fund will deliver excellent returns in the long run.

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