Trade Recommendation – MTL Due for a Resurgence

Trade Recommendation – MTL Due for a Resurgence

Altcoin Blockchain Cryptocurrency
January 3, 2018 by Cryptoholic
225
MTL Logo

MTL is a cryptocurrency for the Metal Payment processing platform. Metal Pay intends to speed up the mass-adoption of cryptocurrency by combining participation incentives with a clean, user-friendly interface. Through their Proof-of-Processed-Payments system users of the platform will be given 5% bonus of the value of their payment in MTL tokens when making Crypto-to-Crypto transactions. As a payment platform, Metal’s will be FDIC insured much like for US customers much like a bank account and it has the potential to compete with Coinbase as it will be giving cash back for buying Crypto with fiat as opposed to the high fees that Coinbase charges.

Market Cap: $180 million

Current Price: $9.32

All time High: $15.05

Fundamental Analysis

Metal Pay has a very strong team comprised of former VISA, American Express, Apple, and Stellar employees. The Team has experience working in with and creating payment platforms and they know the importance of user-friendly interfaces and user-incentive in promoting mainstream adoption. The Metal team has some very exciting developments coming in the first quarter of 2018. This should push the price to new all-time highs in USD valuation.

Upcoming Events

Q1 2018New website
Q1 2018Launch of Metal Pay


Technical Analysis

MTL is a coin that has been absolutely battered by the Altcoin bear market. It has just broken out of a big daily descending wedge and is looking to start a new market cycle. MACD and Stoch RSI confirms bullish divergence with rising volume. MTL is currently in the accumulation zone and is making its way above the Ichimoku cloud which acts as a resistance. Once it moves above the cloud it should experience parabolic growth similar to other Altcoins that have launched off in December. The price target is 0.0017 once it overcomes the critical resistance at 0.001.

Target: 0.0017

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