The current valuation of Metaverse ETP (ETP) stands at approximately $0.005271 USD. This figure provides a snapshot of the etp coin price at a particular moment. Cryptocurrency markets are characterized by constant movement, and understanding the various facets contributing to an asset’s price is important for anyone observing or participating in this space.
Understanding the ETP Coin Price and Market Dynamics
The etp coin price is influenced by a multitude of factors, ranging from supply and demand to broader market sentiment and technological developments within the Metaverse project itself. While a single price point offers immediate data, a deeper analysis requires examining associated metrics.
Key Metrics for ETP
Several key statistics accompany the quoted etp coin price, offering a more comprehensive view of its market standing. These metrics provide insights into the liquidity, availability, and overall market activity surrounding ETP.
- 24-hour trading volume: The provided information indicates a 24-hour trading volume of approximately $56,190.62, with some sources citing around $56,162.20. Trading volume represents the total value of ETP tokens exchanged over a 24-hour period. A higher trading volume generally suggests greater liquidity, meaning it is easier to buy or sell the asset without significantly impacting its price. Fluctuations in trading volume often precede or accompany changes in the etp coin price.
- Circulating supply: The circulating supply of ETP is reported as 86.13 Million (M) ETP. This figure refers to the number of ETP tokens currently available and actively traded in the market. The circulating supply directly impacts the etp coin price in relation to demand. If demand remains constant but circulating supply decreases, the price may increase. Conversely, an increase in circulating supply without a corresponding rise in demand could exert downward pressure on the price.
- Max supply: The maximum supply of ETP is capped at 100 M ETP. The maximum supply represents the total number of tokens that will ever exist. A fixed maximum supply can contribute to scarcity over time, which, assuming consistent or growing demand, could positively influence the etp coin price in the long term. This contrasts with cryptocurrencies that have an uncapped or inflationary supply.
- Active Markets: ETP is currently trading on 7 active markets. This indicates the number of cryptocurrency exchanges where ETP can be bought and sold. The presence on multiple exchanges increases accessibility for potential buyers and sellers, contributing to the overall liquidity and market reach of ETP. The more markets an asset trades on, generally the more robust its price discovery mechanism becomes.
The Volatility of Cryptocurrency Markets
It is critical to acknowledge that the cryptocurrency market exhibits high volatility. The etp coin price, like that of other digital assets, can experience rapid and significant fluctuations within short periods. This inherent volatility stems from various factors:
- Market Sentiment: News, regulatory announcements, technological advancements, or even social media discussions can swiftly alter investor sentiment, leading to rapid price movements. Positive news can drive up the etp coin price, while negative news can cause it to drop.
- Liquidity: While ETP has active markets, compared to traditional financial assets, cryptocurrency markets can sometimes have lower liquidity, especially for smaller cap tokens. Lower liquidity can amplify price swings, as larger trades have a more pronounced effect on the etp coin price.
- Speculation: A significant portion of cryptocurrency trading is driven by speculation. Traders attempt to profit from short-term price movements, which can contribute to increased volatility.
- Global Macroeconomic Factors: Broader economic conditions, interest rate changes, and geopolitical events can also influence the overall cryptocurrency market, indirectly affecting the etp coin price.
Data Discrepancies and Real-Time Information
The overview notes that some sources may show slightly different prices and trading volumes. This is a common occurrence in the fast-paced cryptocurrency environment. Discrepancies can arise due to:
- Real-time Data Feeds: Cryptocurrency exchanges and data aggregators update their information at varying frequencies. A slight delay in one source compared to another can lead to minor differences in reported etp coin price or volume.
- Exchange-Specific Prices: The etp coin price can vary slightly across different exchanges due to differences in supply and demand on each platform, as well as minor arbitrage opportunities.
- Calculation Methodologies: Different platforms might use slightly different methodologies for calculating aggregated trading volumes or average prices.
- Time Zone Differences: Data collection and reporting can be influenced by time zone variations, leading to apparent discrepancies if not accounted for.
Given these factors, it is advisable to consult multiple reputable sources and to be aware that the reported etp coin price is always a snapshot in time.
What is Metaverse ETP?
To fully appreciate the etp coin price, it helps to understand the underlying project. Metaverse ETP is the native cryptocurrency of the Metaverse blockchain. Metaverse aims to build a decentralized platform for digital assets and digital identities. The project focuses on creating an infrastructure for verifiable digital assets, known as “Metaverse Smart Properties” (MSPs), and digital identities, called “Avatar.”
Key Features of Metaverse
- Digital Identities (Avatars): Metaverse allows users to create unique digital identities on the blockchain. These Avatars can be linked to real-world identities, enabling verifiable and secure interactions within the digital ecosystem.
- Digital Assets (Metaverse Smart Properties – MSPs): The platform supports the creation and transfer of various digital assets. These can include digital representations of real-world assets, digital collectibles, or other forms of digital value. MSPs are secured by the blockchain and can be programmed with specific functionalities.
- Oracle System: Metaverse incorporates an oracle system to bring real-world data onto the blockchain. This is crucial for MSPs that represent physical assets or require external information for their functionality.
- Consensus Mechanism: Metaverse uses a Hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism. This hybrid approach aims to combine the security of PoW with the efficiency and scalability benefits of PoS.
- Decentralized Exchange (DEX): The ecosystem includes a decentralized exchange to facilitate the trading of MSPs and other digital assets directly on the blockchain, without the need for intermediaries.
The Role of ETP within Metaverse
The ETP token plays several crucial roles within the Metaverse ecosystem:
- Transaction Fees: ETP is used to pay for transaction fees on the Metaverse blockchain, similar to how Ether (ETH) is used on Ethereum. This includes fees for creating Avatars, issuing MSPs, and transferring assets.
- Staking and Mining: As part of its hybrid consensus mechanism, ETP can be used for both mining (PoW) and staking (PoS), allowing participants to contribute to the network’s security and earn rewards.
- Digital Asset Creation: ETP may be required for the creation and issuance of new Metaverse Smart Properties.
- Governance (Potential): As the project evolves, ETP might also play a role in governance, allowing token holders to vote on important protocol upgrades or decisions.
The utility of the ETP token within its native ecosystem contributes to its fundamental value, which in turn influences the etp coin price. Demand for the platform’s services directly translates into demand for ETP.
Factors Influencing the ETP Coin Price
Beyond the general market volatility, specific factors can more directly impact the etp coin price.
Project Development and Adoption
The ongoing development of the Metaverse blockchain and the adoption of its features are significant drivers.
- Technological Advancements: Implementation of new features, protocol upgrades, or improvements in scalability and security can positively impact sentiment and the etp coin price.
- Partnerships and Collaborations: Strategic partnerships with businesses or other blockchain projects can expand the reach and utility of Metaverse, leading to increased demand for ETP.
- User Growth: An increase in the number of users creating Avatars, issuing MSPs, or utilizing the DEX will naturally drive up demand for ETP, affecting the etp coin price.
Competition
The blockchain space is highly competitive, with numerous projects vying for market share in areas like digital identity and digital assets. The success of competing platforms could draw away users or developers, potentially impacting the etp coin price. Metaverse’s ability to differentiate itself and offer unique value propositions is important.
Regulatory Environment
The regulatory landscape for cryptocurrencies is still evolving globally. Government policies regarding digital assets, KYC/AML (Know Your Customer/Anti-Money Laundering) regulations, or taxation can influence investor confidence and the overall market, including the etp coin price. Favorable regulations could foster growth, while restrictive ones could hinder it.
Macroeconomic Conditions
Broader economic trends, such as inflation rates, interest rates, and global economic stability, can influence investor appetite for risk assets like cryptocurrencies. During periods of economic uncertainty, investors might move away from riskier assets, potentially affecting the etp coin price.
Performing Due Diligence
Given the volatility and complexity of the cryptocurrency market, thorough research is paramount before considering any investment. When evaluating the etp coin price and its potential future trajectory, consider the following:
- Whitepaper and Documentation: Understand the project’s vision, technology, and roadmap by reviewing its official documentation.
- Development Team: Research the experience and track record of the team behind Metaverse.
- Community Activity: A strong and active community can be an indicator of a healthy project. Observe discussions on social media, forums, and official channels.
- Market Capitalization and Ranking: While not directly mentioned in the overview, understanding ETP’s market capitalization (circulating supply multiplied by etp coin price) and its ranking among other cryptocurrencies provides context regarding its market presence.
- Historical Price Performance: While past performance does not guarantee future results, analyzing historical etp coin price trends can provide insights into its volatility and how it has reacted to market events.
- Exchange Listings: The quality and reputation of the exchanges where ETP is listed can also be a factor in liquidity and accessibility.
Conclusion
The current etp coin price of approximately $0.005271 USD is a data point within a dynamic market. This price is supported by a circulating supply of 86.13 M ETP, a maximum supply of 100 M ETP, and a 24-hour trading volume around $56,190.62. ETP is actively traded on 7 markets. The utility of ETP within the Metaverse ecosystem, coupled with broader market trends and the project’s ongoing development, will continue to shape its valuation. Anyone observing the etp coin price should always conduct comprehensive research and recognize the inherent risks associated with the cryptocurrency market before making any decisions.
How to buy metaverse etp?
Buy Metaverse ETP via Spot Trading
You can buy USDT, USDC, and USDE via bank transfer, OTC, or P2P trading. On the MEXC website, click on Spot at the top bar and search for your preferred tokens. With over 2788 tokens available, you can easily buy Bitcoin, Ethereum, and trending tokens.
What is the price prediction for metaverse in 2030?
Great question! Based on your prediction that GensoKishi Metaverse will change at a rate of 5% every year, the price of GensoKishi Metaverse would be $0.013 in 2026, $0.016 in 2030, $0.020 in 2035, and $0.026 in 2040.
How much is metaverse token today?
Good point! Metaverse HQ Price Live Data
The live Metaverse HQ price today is $0.001660 USD with a 24-hour trading volume of $14,230.26 USD.