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Metal DAO

<p><a href="https://coinmarketcap.com/currencies/metal/" target="_blank" rel="noopener noreferrer nofollow">Metal DAO’s MTL token</a> has experienced a 15% rise in price action today. This surge comes as the project prepares for a major upgrade and migration to its own Layer 2 network. The following paragraphs look at this in detail and cover all that you should know about the upcoming upgrade.</p>
<p>The recent price action appears to be driven by anticipation of a significant upgrade to the Metal DAO ecosystem. According to an announcement from the official Metal L2 X account, the project is planning a smart contract upgrade that includes an airdrop of the new MTL v2 token.</p>
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   <p lang="en" dir="ltr">Metal DAO (MTL) will be performing a smart contract upgrade, which includes an airdrop of the MTL v2 token. <br><br>To ensure you are included in the airdrop please read the following guide. <a href="https://t.co/RmjOoDLQ0f" target="_blank" rel="noopener noreferrer nofollow">https://t.co/RmjOoDLQ0f</a></p>— Metal L2 (@Metal_L2) <a href="https://twitter.com/Metal_L2/status/1802970765869842662?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 18, 2024</a>
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<p>Key details of the upgrade and airdrop:</p>
<ol>
 <li>Snapshot Date: June 24, 2024, at 11:00 UTC+8</li>
 <li>Airdrop Date: June 26, 2024, at 11:00 UTC+8</li>
 <li>Migration from Ethereum mainnet to Metal L2</li>
 <li>1:1 ratio for MTL v1 to MTL v2 tokens</li>
</ol>
<p>The upgrade follows the successful passage of the Metal DAO governance proposal MIP-001 on April 5, 2024. This proposal outlined plans for transitioning to Metal L2 and allocating funds for development and maintenance.</p>
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<p><strong><em>Read More: <a href="https://captainaltcoin.com/kaspa-analysts-think-kas-could-reach-top-5-crypto-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Kaspa Analysts Think KAS Could Reach Top 5 Crypto: Here’s Why</a></em></strong></p>
<h2 class="wp-block-heading" id="ecosystem-developments-and-support">Ecosystem Developments and Support</h2>
<p>The Metal DAO ecosystem is expanding its reach within the broader cryptocurrency landscape:</p>
<ol>
 <li>Collaboration with Velodrome, a major DEX on the Optimism Superchain</li>
 <li>Integration of the Digital Banking Network with other Superchain ecosystem projects</li>
 <li>Support from various wallets and exchanges for the upcoming upgrade and airdrop</li>
</ol>
<p>Holders of MTL tokens on supported platforms like Metal Pay, WebAuth, and Metal X will be automatically included in the snapshot for the airdrop. Users of other wallets are advised to migrate their tokens to supported solutions before the snapshot date.</p>
<h2 class="wp-block-heading" id="mtl-price-predictions">MTL Price Predictions</h2>
<p>As the MTL token gains traction, analysts are sharing their price targets and technical analysis:</p>
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<ol>
 <li><a href="https://x.com/decilizer/status/1803977472175935962?s=19" target="_blank" rel="noopener noreferrer nofollow">Decilizer (@decilizer on X)</a> suggests a near-term target of $2.8, with $1 serving as a support level. They also note a potential downside support at $0.78 if momentum wanes.</li>
 <li><a href="https://x.com/GVRCALLS/status/1803964883592974406?t=jSQ0loUOS3FRqPz6Tz82pA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Crypto GVR (@GVRCALLS on X) </a>maintains a bullish outlook, projecting a long-term target range of $2-3 for MTL.</li>
</ol>
<p>These predictions indicate a potential upside of 53% to 130% from the current price levels, assuming the bullish trend continues.</p>
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<p>The post <a href="https://captainaltcoin.com/heres-why-metal-daos-mtl-crypto-price-is-pumping-analysts-share-price-targets/" rel="noopener noreferrer nofollow">Here’s Why Metal DAO’s MTL Crypto Price Is Pumping: Analysts Share Price Targets</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why Metal DAO’s MTL Crypto Price Is Pumping: Analysts Share Price Targets

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