#ChristmasMarketAnalysis Christmas is today, December 25th. Last year, Metis (METIS) was the biggest cryptocurrency gainer on Christmas, up over 50%. ORDI and SATS (1000SATS) came in second and third place respectively, noting the interest in Bitcoin inscriptions at the time.

This article will show why these cryptocurrencies rose so much last year and whether they can do the same this year.

You may also like

Bitcoin (BTC) Price Adjusts 10% From All-Time High – Falls Below $100,000

Crypto PEPE Price Falls 30% From All-Time High – Top of Cycle May Be Near

METIS’s price surge came after The DAO announced a $330 million incentive program for decentralized applications (dApps) based on a pooled package that will launch in January 2024.

The grant was intended to support the launch of a decentralized sequencer that same month. The team announced that the total value locked (TVL) in Metis had increased by 300%, reaching $400 million.

The price of METIS rose until March 2024, reaching a high of $149.70. However, it formed a long upper wick (black circle) and has since fallen.