Metal Price Prediction: Is Metal (MTL) Cryptocurrency a Good Investment?

Since May, 2021, when the MTL coin was gaining the price during the bull rally of the crypto market the asset has been in the downtrend. In the middle of May, its price dropped from $4.1 to $3.1 and then continued to decline till it reached $2.1 on May 19. The token was bouncing, trying to sustain the higher level, and at the beginning of June climbed to $2.8, but couldn’t fight with the overall downtrend. 

On June 22 the MTL crypto dipped to $1 but recovered this loss in the next 2 weeks gaining 80%. As the market was bearish the token couldn’t grow above $2 until the beginning of August when the market started to flip. 

The Metal coin stayed in the uptrend until the end of the summer. On August 31 the token hit $4.7, but couldn’t sustain this level and went down to $3.3 in the next few days. By the end of September, the MTL token fell to the level of $2.8 and then started to grow at the beginning of October as the crypto market was going bullish. 

The asset was trading around $3.4, slowly losing its price. At the beginning of December, the MTL token price was already $2.8. On December 5 the Metal coin lost 75% of its value, dipping to $2.1. The price of the token continued in a moderate downtrend till the end of January, 2022. At that time MTL was trading for $1.3. In the next 2 weeks, the price grew to $1.8 and then returned to the previous level.

As the market started to show the signals of recovery from the bearish trends in mid-March, the MTL token also started to go up. By the beginning of April, it reached the level of $2.1, went for a short market correction, and continued to grow, jumping between $2.2 and $1.9.

During the last week, the MTL coin has risen by 57% and keeps increasing even though the whole crypto market is currently declining. The analysts expect the asset to gain more value in the near future, though they don’t expect the MTL price to reach above $2.9.