Metahero (HERO) price prediction: A cutting-edge project

Metahero (HERO) price prediction: A cutting-edge project

Metahero is a blockchain-based project that utilises three-dimensional (3D) scanning and modelling technology in order to generate ultra-high-definition (UHD) avatars and virtual items that can be used across games, virtual reality and social media, and in online fashion.

The company’s core mission is to offer futuristic virtual opportunities where people can recreate real-world assets and then move them into the metaverse.

Metahero’s versatile target demographic includes gamers, artists, celebrities and influencers, marketing professionals, professional athletes and online fashion platforms. It effectively enables anyone in the world to be able to scan a real-world asset – including themselves – to create a UHD avatar within just a few minutes.

A user simply needs to install the Metahero app and have the appropriate amount of HERO tokens in order to pay for the scan online.

Such cutting-edge developments have been made possible through a partnership with Wolf Digital World, the exclusive contractor and technology supplier for Metahero that has developed its advanced photogrammetric meta-scanning chamber.

This technology, which consists of numerous configuration options and data-collection sensors, has already been used by the likes of Ferrari and CD Projekt.

What is the Metahero coin?

HERO, which is built on the Binance Smart Chain (BSC), is a deflationary token that can be used for transactions within the Metahero ecosystem, as well as to pay for 3D scans and royalties.

Users can stake their HERO tokens in order to earn passive rewards. Meanwhile, the buyback and burn programme is initiated only when total liquidity on PancakeSwap exceeds $10m (€8.8m, £7.4m).

The main functions of HERO are as follows:

  • smart staking – where 0–2% of every transaction is proportionally distributed among all holders as a passive reward;
  • a burn process – where 0–2% of every transaction is permanently burned;
  • auto-liquidity – where 0–6% of every transaction is automatically added to liquidity on PancakeSwap; and
  • buyback and burn – where HERO tokens are burned, and then the Binance coin (BNB) is used to buy back and burn even more HERO.

Users are also able to buy, sell and transfer HERO with no fees.

HERO price analysis: Technical view

The HERO coin was launched in July this year and reached an all-time high of $0.2518 on 3 December 2021 when it managed to move above the key resistance level of $0.1720. The price then retreated to $0.1882 on 6 December 2021, dropping to a low of $0.1419 on 14 December.

Prior to this, the Metahero coin price had rallied to $0.2336 on 29 November 2021 from $0.1268 on 26 November. This 84% increase coincided with two positive catalysts: exponential growth in Metahero’s social media engagement, as reported on 29 November, as well as the company trending at number one on CoinGecko’s search box that same day.

In addition, HERO was listed on cryptocurrency exchange KuCoin on 29 October 2021, leading the coin to jump from a low of $0.09056 on 26 October to $0.1207 on the day of the listing.

HERO is currently (as of 30 December 2021) trading at around $0.136686. At $697m, it ranks 227th in the list of cryptocurrencies by market capitalisation, according to CoinMarketCap.

Technical analysis provided by CoinCodex shows that short-term sentiment on HERO is mostly bearish, with nine indicators displaying bullish signals compared to 14 bearish signals.

Cutting-edge technology and UHD 3D avatars

Metahero’s UHD meta-scanning chamber provides users with the option to scan themselves or their real-world assets, and then generate a realistic 3D rendering of these scans in the metaverse.

Yet one of the project’s most distinguishing factors is that users can also license their avatars to be used in games or other applications through the company’s upcoming 3D non-fungible token (NFT) marketplace, which was originally set for launch in the fourth quarter of 2021. While there is no news yet as to whether the launch has occurred – some sources consider this more likely to be in early 2022 – this component would allow users to monetise their avatars or earn extra revenue through the creation of NFTs.

Earlier this year, the company did launch its Metahero app, which allows users to track and manage their wallet activity and investments through real-time data and analytics.

In its white paper, the company also states that it is expecting to partner with Visa at an unspecified date in order to enable HERO holders to utilise their tokens for their daily expenses.

Metahero’s mega features

A crucial feature of the Metahero ecosystem is the UHD meta-scanning chamber that consists of 16 mobile columns equipped with a server unit of four cameras, all snapping pictures at full synchronisation.

Also, 12 meta-scanning chambers will be initially distributed throughout highly urbanised locations across the world – meanwhile, the first chamber has already been installed in Doha, Qatar.

In other Metahero crypto news, the company stated that it is currently working on upgrading existing meta-scanning chambers with new features that will include 16,000 UHD-resolution, foldable and mobile designs to enable easy transportation, shipping and set-up, as well as integrated photogrammetry head-scanning and facial mimicry.

This year, it was also announced that Metahero’s exclusive contractor and technology supplier, Wolf Digital World, has partnered with one of the world’s largest manufacturers of electronic products – Sony in order to co-develop an advanced photogrammetric scanner, which could provide a further boost to the project.

A risk for the project lies in the fact that 3D meta-scanning chambers are a new phenomenon. Even though photo-realistic avatars have been popularised by Bill Gates’s recent blog post where the business magnate stated he expects office meetings to go from 2D camera-image grids to 3D avatars within the next two or three years, Metahero is still operating within a nascent industry.

“One of Metahero’s key selling points is how they allow users to scan their assets or themselves in ultra-high definition and present these in the digital world,” said Anndy Lian, Asia chairman of BigONE Exchange and chief digital advisor for Mongolia’s national productivity agenda.

“There is a high demand for this niche within the cryptocurrency and gaming sectors. In addition, the popularisation of the metaverse has no doubt contributed to the project’s success,” Lian told capital.com.

“However, I believe that Metahero ought to market themselves more globally, perhaps seeking partnerships in Asia or other emerging markets,” he concluded.

Metahero crypto price prediction: Buy, sell or hold?

In terms of a Metahero coin price prediction , algorithm-based forecasting service Wallet Investor gives a positive HERO/USD forecast. Based on historical data, Wallet Investor sees the price rising to $0.552 by end December 2022, $1.338 by end December 2024 and hitting $1.733 by end December 2025.

Digital Coin Price supports the bullish Metahero coin forecast, expecting the token to grow to $0.21935894287 in December 2022, $0.26219545478 in 2025 and hit $0.58264192480 in 2028.

Note that price predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

 

Original Source: https://capital.com/metahero-hero-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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