MetaHero token (HERO) spiked +10% today and is one among the top-performing cryptos in the market during the last 24-hours. While the majority of the cryptos have dipped and the rest are sending mixed signals, HERO zoomed ahead in its value.
In the last 7-trading days, MetaHero is up +76.4% in the indices. Also, since 14-trading days, HERO is up at a whopping +87.5% in the charts. Investors who took entry position in the token two weeks ago and now sitting on handsome profits. The token also rewarded day-traders, as it mostly traded in the green for two full weeks and hardly dipped in price.
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Why is MetaHero Token Rising?
MetaHero is displaying extreme bullish sentiments and is now one of the most sought-after tokens in the market. The reason for HERO’s rise is that whales have started taking entry positions in the metaverse-themed token. WhaleStats data shows that HERO is among the top 10 tokens purchased by the 1000 biggest BSC whales.
There’s a large inflow of investments pouring into HERO which is inadvertently making its price spike up. Also, its buy orders have outpaced its sell orders making its price remain stable for close to two weeks.
”JUST IN: $HERO @Metahero_io now on top 10 purchased tokens by 1000 biggest #BSC whales (24hrs). #HERO price ups 10.56% in the last 24hrs with a current price of $0.09399,” tweeted WhaleStats.
HERO had a great run during the second half of 2021 as it rose +1633.6% from its all-time low of $0.00537031 in July. It knocked out two ‘zeroes’ from its trade in five months reaching an all-time high of $0.25 in December. Early investors earned sacks of profits during its bull run but early 2022 dampened its spirits.
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The Bitcoin crash in January was harsh on a majority of cryptos. BTC dropped to $38,000 and dragged the entire market down along with it. Several tokens traded more than -50% from their 2021 ATH and wiped away all profits made last year.
BTC crash was harsh on MetaHero as it plummeted double digits last month. The Metaverse-themed token is now down -63.1% from its ATH but is picking up steam with whale movements.
What is MetaHero Token?
MetaHero produces ultra-HD photogrammetric (scanning technology) that can be used by people in the Metaverse. The development allows users to create, design, and select their own online avatars through a scan.
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Their VR/AR will also allow users to scan for destinations in the real world but the development is in progress.
The firm aims to move its 3D scanning technology into gaming, fashion, medicine, NFTs, and social media as well. At press time, MetaHero was trading at $0.091493 and is up +7.1% in the day’s trade.