MeterStable (MTR)

1. Fundamental Analysis

1.1 Introduce

Meter employs a unique hybrid consensus protocol that separates currency creation from record keeping. Meter leverages PoW to create a fully-decentralized, low-volatility cryptocurrency that eliminates counterparty, regulatory, and oracle risks typically found with fiat- and crypto-collateralized stablecoins. PoS is used to manage the ledger; validators who hold Meter’s governance token, MTRG, approve transactions. This hybrid can process thousands of transactions per second, allowing transactions to reach finality in seconds. Meter also functions as a Layer 2 sidechain for other public blockchains to allow value interaction among different crypto assets.

1.2 Basic Info

2. Technical Analysis

2.1 Kline Data

2.2 Analysis

The recent price action shows significant volatility, with a potential short-term upward trend followed by a period of consolidation or minor downward correction. Long-term outlook remains uncertain, requiring further observation and analysis. Increased volume accompanies periods of price fluctuation, suggesting market participation and interest. The data is insufficient to make a definitive long-term prediction but suggests cautious optimism with a watchful eye on further price movement and volume changes.