The Metahero price has done relatively well in the past few months. The HERO token’s price has jumped from a low of 0.0840 USDT in October to the current 0.2380. This 185% jump has pushed its total market cap to more than $1.2 billion according to CoinGecko. It has moved from obscurity to become the 112th biggest cryptocurrency in the world.
What is Metahero?
As the name suggests, Metahero is a blockchain project that is in the metaverse industry. This is a fast-growing industry that has pushed coins like The Sandbox and Decentraland to become one of the biggest players in the industry. Facebook’s parent company is now known as Meta Platform.
A key component of the metaverse is an avatar. Today, most of the avatars used in the network are generated by computers.
This is where Metahero comes in. The developers have created a product that enables people to create an ultra-HD scan of themselves and their assets. For example, you can take an HD image of yourself and your items like a car and then move them to the metaverse.
The platform was started by Robert Gryn, a millionaire who bootstrapped the company with about $10 million.
HERO is the native token for the ecosystem. The developers will be paying people using the token to scan themselves into the ecosystem.
Metahero is creating an important building block for the metaverse industry. However, the biggest challenge is that there are several companies developing a similar product that will digitize the world for the metaverse.
Metahero price prediction
The three-hour chart shows that the HERO price has been in a strong bullish trend in the past few weeks. This strong performance is mostly because of the rising interest for all cryptocurrencies dealing with the metaverse.
The Metahero price has also managed to move above the 25-day and 15-day moving averages and the key resistance level at 0.1720 USDT. It is also attempting to pare back some of the previous losses.
Therefore, there is a likelihood that the coin’s price will bounce back in the near term as bulls target the key resistance level at 0.30 USDT. A drop below 0.20 USDT will invalidate this view.
