Meter (MTRG)
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
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MTRG | Market Cap | 16104487.8942 |
| Name | Meter | White Paper | -- |
| Web Site | https://www.meter.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://scan.meter.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 43913268 | |
| Supply | 43913268 | Release Date | 2020-07-15 |
| Available Supply | 33266862 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.4836 | 0.4852 | 0.472 | 0.4841 | 268.725042 |
| 2024-12-31 | 0.4888 | 0.5002 | 0.4671 | 0.4891 | 2337.632176 |
| 2024-12-30 | 0.4917 | 0.5066 | 0.4754 | 0.4893 | 2408.189914 |
| 2024-12-29 | 0.484 | 0.5146 | 0.471 | 0.4984 | 2333.752731 |
| 2024-12-28 | 0.4663 | 0.5653 | 0.4489 | 0.4844 | 6667.111216 |
| 2024-12-27 | 0.4737 | 0.4909 | 0.4635 | 0.4662 | 3040.082019 |
| 2024-12-26 | 0.5055 | 0.5226 | 0.4524 | 0.4938 | 7245.238429 |
| 2024-12-25 | 0.5386 | 0.5438 | 0.5012 | 0.5071 | 6602.191581 |
| 2024-12-24 | 0.5838 | 0.5884 | 0.5387 | 0.5402 | 6884.630857 |
| 2024-12-23 | 0.5801 | 0.6064 | 0.5799 | 0.5931 | 1752.931452 |
| 2024-12-22 | 0.5896 | 0.5935 | 0.5753 | 0.5753 | 796.634441 |
| 2024-12-21 | 0.6069 | 0.6205 | 0.5927 | 0.5935 | 1318.203793 |
| 2024-12-20 | 0.5853 | 0.6265 | 0.5594 | 0.5965 | 5337.838356 |
| 2024-12-19 | 0.7 | 0.7 | 0.5666 | 0.5758 | 15002.802655 |
| 2024-12-18 | 0.7386 | 0.7501 | 0.7006 | 0.7006 | 3763.050616 |
| 2024-12-17 | 0.7083 | 0.7581 | 0.6906 | 0.7387 | 4153.524412 |
| 2024-12-16 | 0.6647 | 0.7777 | 0.6647 | 0.7139 | 5256.372712 |
| 2024-12-15 | 0.669 | 0.7046 | 0.6545 | 0.6737 | 3048.358042 |
| 2024-12-14 | 0.7007 | 0.7036 | 0.6687 | 0.6692 | 1545.035119 |
| 2024-12-13 | 0.7632 | 0.7674 | 0.6866 | 0.688 | 10117.977586 |
| 2024-12-12 | 0.7773 | 0.8187 | 0.7482 | 0.7632 | 6054.633147 |
| 2024-12-11 | 0.7034 | 0.7867 | 0.6963 | 0.7792 | 9524.504637 |
| 2024-12-10 | 0.6683 | 0.7345 | 0.6517 | 0.6893 | 8171.519098 |
| 2024-12-09 | 0.7121 | 0.7446 | 0.65 | 0.6751 | 26604.345386 |
| 2024-12-08 | 0.7527 | 0.7527 | 0.7072 | 0.712 | 5228.471537 |
| 2024-12-07 | 0.78 | 0.8392 | 0.7463 | 0.7594 | 14801.107449 |
| 2024-12-06 | 0.6758 | 0.7799 | 0.6636 | 0.7798 | 16647.995404 |
| 2024-12-05 | 0.6075 | 0.7062 | 0.6029 | 0.6672 | 22592.216305 |
| 2024-12-04 | 0.5612 | 0.6661 | 0.5424 | 0.6066 | 29833.578759 |
| 2024-12-03 | 0.5823 | 0.6107 | 0.5439 | 0.5612 | 18051.040702 |
2.2 Analysis
The recent price action shows a significant downward trend reversal from a high near 0.80, followed by a period of consolidation and a subsequent attempt at recovery. While recent days show some upward momentum, the overall trend remains uncertain. Short-term volatility is expected, with potential for further price fluctuations before a clear direction is established. Sustained trading above 0.70 would be a positive signal, whereas failure to break above 0.50 could signal further decline. Further observation and analysis are needed to confirm the emerging trend.
