Metahero price prediction: Can HERO recover?

Ominous and ingenious in equal measure, will Metahero immortalise us all?

An astronaut on Mars as envisaged in the metaverse                                 
Boldly going: will the metaverse-inspired Metahero coin rise again in value? – Photo: Shutterstock
                                

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Every generation attempts to discover new territories, to lay down a flag and colonise the unknown. Yet with many of the real-world frontiers already explored, the next step is surely digital. And among the explosion of new worlds that digital presents, the latest uncharted frontier is the metaverse.

The metaverse premise is that it will allow us to cast off the burdensome restrictions of the real world in favour of an alternative universe. With the average adult allegedly spending 34 years of their life in front of a screen, the idea that humans might make a total jump into the metaverse is not an entirely alien concept.

Some have predicted the financial value of the metaverse could swell to $800bn by 2028, and with such huge potential, metaverse companies, big tech and crypto companies are all piling on in the race to profit from it.

Enter metahero – a cryptocurrency that, judging by its brand name, hopes to immortalise us all in the meta. Metahero, with its native token HERO, could become one of the frontrunners. But what is metahero and what is the latest metahero price prediction

Before we go into forecasts, let’s take a look at a quick overview of the company.

What is Metahero (HERO)?

In most metaverses, users can create an avatar that matches their hair and eye colour. However, while aiming for something close to reality, such avatars are generally far from accurate. This is where Metahero comes in, as it aims to provide more life-like avatars through three-dimensional body scanning.

Metahero has linked up with the three-dimensional printing and digitisation company Wolf Digital World (WDW), which uses ultra-HD photogrammetic scanning technology to scan people and objects from the real world, and then insert them into the metaverse.

Metahero plans to scan people in spherical-shaped chambers that will be set up in locations across the world, with the stated mission being to “bring the next 10 million new users to cryptocurrency”.

As the WDW site proudly proclaims, “We are the bridge between the real world and the metaverse. All transactions are done exclusively with the HERO token.” The site is set up so the native token, metahero (HERO), will be used in exchange for getting your body – or even your pet animal – scanned. Users can then create non-fungible tokens (NFTs) of their scans to sell.

Everdome is the destination metaverse where all these scans of people, pets and objects will go. Everdome users can also buy land and businesses can advertise, and the site also provides a marketplace for users to sell or buy NFTs. Yet as Everdome is in partnership with Metahero, rather than a part of Metahero, it has its own coin.

The company hopes its unique offering of having extremely life-like avatars in a metaverse will bring new “opportunities and experiences”. According to its website, users can “become a hero” in their favourite game, be themselves when on a virtual date or explore different looks by trying on designer clothing.  

Concerns raised

‘Heroic’ as it may sound, there are a few immediate concerns that emerge when you examine the company’s and the coin’s initial proposition in terms of real-world implications beyond the metaverse.

For example, doubts arise about who has ownership over the data from these scans, in a similar way to the concerns raised about Worldcoin looking to scan eyeballs in exchange for crypto. Does this mean, for example, that Metahero can sell off your information, or dismember your digital body to sell it to the highest big tech bidder?

Also, what exactly will be scanned, and where will this information be kept? And what happens when people die? Do individuals who have become deceased in the real world wander for eternity in Everdome?

Interesting ideas emerge in response to questions about whether the data is used responsibly and whether it is the exclusive property of the individual, including the potential for productive dialogue around a responsible data economy.

At the moment, the digital footprint of an individual is designed to be the property of the clever company that captures it. The development of a life-like avatar could deepen the conversation around who owns what.

But what do these issues have to do with a metahero price prediction? Before we look at forecasts, let’s look at the founders.

Metahero’s founder and CEO

Metahero was founded by Polish entrepreneur Robert Gryn – “the youngest self-made entrepreneur to make the Forbes 100 Richest list in Poland”, according to its website.

The site says Gryn completed a BSc in technology entrepreneurship at the University of Surrey before doing an MA in marketing at the University of St Andrew’s.

In 2012 Gryn, who now resides in Dubai, became CEO of Codewise – an IT company in Poland which describes itself as “the second-fastest-growing company in Europe” – as well as its subsidiaries Voluum, a full-stack tracking software-as-a-service (SaaS) solution for performance marketers, and Zeropark, an advertising platform for online media buyers.

After selling off Codewise in 2018 to focus on crypto, Gryn went on to become the CEO of Everdome and Metahero. According to the Metahero website, this move was because Gryn “believes that blockchain will make the world a better and more equitable place”.

An extensive list of individuals involved in the company is pictured on the site, photographed with a severely pseudo-futuristic feel. The company’s aesthetic seems a long way from imbuing anyone with sufficient confidence to let them scan their face, body and even their dog. 

But what about the metahero price prediction? Let’s take a quick look at how the coin has performed. 

HERO coin’s performance

The HERO coin rose soon after its launch, surging from $0.005532 on 12 July 2021 to $0.1347 on 10 September 2021. Towards the end of the month, the price fell from $0.08205 on 21 September before reaching a high of $0.179 on 13 October 2021.

It hit a low of $0.08 on 22 October 2021, before steadying at $0.09. Volatility set in once again, with the coin price dipping to $0.0951 on 19 November 2021.

The HERO price surged again to a record high of $0.252021 on 2 December 2021. However, the price soon fell. After hovering at $0.1696 on 16 December, the coin price has since been on a downward trend, dropping to $0.09506 on 8 January 2022 before dipping to $0.05154 on 24 January.

The coin lost 55% of its value in the opening month of 2022, and more than 30% in the last seven days of January. 

Despite rising to $0.09474 on 17 February, the coin has since been on a downward trend, dropping to $0.03461 on 21 April. The coin has since dropped even further, and currently stands at $0.0262 as of 6 May 2022. 

There is a maximum supply of 10 billion HERO coins and a current circulating supply of 5.1 billion coins. Metahero, with a market capitalisation of $133,494,106, is currently ranked at #285 on the CoinMarketCap platform

Metahero has certainly not performed very well recently, but what is the latest metahero crypto price prediction?

Metahero coin price predictions

First, remember that predictions should always be viewed as possibilities rather than absolutes. This is especially the case when looking at long-term forecasts, as these can often be completely wide of the mark.

WalletInvestor thinks HERO should go up to $0.0392 in a year’s time and $0.0746 in five years’ time.

Gov.capital estimates a HERO price prediction for 2023 to be roughly $0.0866, while its forecast for 2027 stands at $0.07. 

DigitalCoinPrice gives a metahero price prediction for 2022 of $0.0281, increasing to $0.0313 in 2023. The website’s metahero price prediction for 2025 stands at $0.0410, while its metahero price prediction for 2030 suggests an average price of $0.0993.

Final thoughts

With no privacy policy currently on its website, and no thorough explanations of the economics behind the project, Metahero has a long way to go before proving its integrity as something that will be of benefit to society.

With the coin price not performing very well, the coin, while interesting and certainly one to watch, is far from a sure bet.

There is a maximum supply of 10 billion HERO coins and a current circulating supply of 5.1 billion coins.

Anaylsts seem to think the coin is a neutral to fairly good investment – however, it is always worth remembering that the crypto market is highly volatile, and that the price of all tokens and coins can go down as well as up. Never invest more than you can afford to lose.

Some experts predict the coin will go up, however it could also very easily go down. It is always worth remembering that forecasts, especially long-term ones, should be viewed as indicators rather than absolutes.  

Investing is a highly personal endeavour. Do your own research and try to keep up-to-date on any developments within the Metahero ecoystem that could boost or dampen its prospects.

Remember, investing can be risky, and it is important never to invest more money than you can afford to lose.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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