Metal (MTL) Analysis

Market Cap

$23,041,095 USD

Volume (24h)

$4,562,064 USD

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3.7

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Metal Markets Rank: 7/100
Volume Ratio

How actively is this asset being traded on the market?

Metal Volume Ratio Rank: 20/100
Market Cap

The total cost of all coins available.

Metal Market Cap Rank: 93/100
24h Change

Is the price moving up or down?

Metal 24h Change Rank: 51/100
Social Following

How many users are following this coin?

Metal Social Following Rank: 90/100
Google Trends

How many users are searching for the coin?

Metal Google Trends Rank: 36/100
Twitter Citation

How many users are talking about this coin in Twitter?

Metal Twitter Citation Rank: 52/100
User Voting

How popular is this coin among Cointobuy community?

Metal User Voting Rank: 1/100

Metal investment analysis

The Metal Pay network is a rewards style payment application. A user who utilizes this app to send and receive money can earn rewards in the platforms native cryptocurrency, Metal. This app not only offers crypto enthusiasts a sort of "cash back scheme" for spending their money, but it could also be a valuable tool for turning mainstream users on to the idea of cryptocurrencies in general.

This application can also act as a zero fee exchange, as users can convert USD to MTL easily. They also will allow merchants to easily accept crypto assets as payments, cheaper than through a card style system.

There are lots to love about this platform, and if you choose to make a Metal investment it could be a good move. I feel that platforms like this that are easy to use will bridge the gap for cryptocurrency between enthusiasts and casual users. However, there are a couple of pain points which I must address, read on for those concerns.

How to buy?

$0.351859

+22.6%

$0.431487

280/2846

by Safety

1855/2846

by Profit

How to buy Metal?

It's possible to buy Metal on several exchanges, including at least one very popular platform, so you should have no trouble acquiring your coins. There are several high liquidity trading pairs including Bitcoin, Ethereum and the South Korean Won for investors to choose from.

This is an ERC20 token, so it's easy to find an appropriate wallet to store your investment. There are a ton of wallets that are compatible with these Ethereum assets, but if you need a few suggestions you could try the Ledger hardware wallet, Coinomi's mobile application for Android or iPhone, or My Ether Wallet if you'd prefer an online version.

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I love the idea of being able to collect rewards for payments, and I think others will too. I feel this type of "cryptocurrency" rewards type platform will be very popular in the future. Other services are already trying to implement similar programs into mobile games and applications.

Many mainstream users are still skeptical of cryptocurrencies, but if they had opportunities to earn them, like with MTL or from playing games, they would probably be much more likely to try them. Once the initial concerns of "magic internet money" most people have worn away, I feel they would find them quite useful, and even interesting.

For those reasons, it seems a rather no-brainer to invest in MTL. This intuitive platform will seamlessly connect traditional finance options like bank accounts with cryptocurrencies, and that's a good thing.

There is one particular pain point which I don't like about MTL. It doesn't work with bank cards. While I realized that they are trying to offer a more "cost-effective" solution to merchants, I feel this will be very difficult for them. Too many people are used to using them, and I don't see that changing anytime soon.

The ability to just swipe and pay is just too easy for most people. It's also not totally explained how the application works. Can you only pay merchants that explicitly accept metal? Who exactly can be paid using this service?

I would find it pretty useful if the application could be used to pay bills that require ACH payments, however, that information is not very clear at this time. If payments can only be made to those who use the app, then that severely limits the usefulness of its application for payments.

In short, I find the MTL platform an exciting journey into mainstream cryptocurrency adoption. I do however have a few questions remaining on how they actually handle payments. They do offer a merchant incentive in the form of $5,000 per month in Popp for providing this service for their customers.

However, that type of adoption will likely take a long time, and most of the network traffic will likely be confined to people sending money to their roommates who they annoyed until they downloaded the app.

Their disregard for the bank cards many have become so accustomed to worries me somewhat and other earning style programs that don't require the inconvenience of changing the way you send money may be more successful in creating a bridge to the mainstream.

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