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STRONG coin price prediction: Can token regain growth?

STRONG coin price prediction: Can token regain growth?

StrongBlock is the first of its kind decentralised platform attempting to make launching nodes, necessary for the smooth running of blockchains, cheaper and easier.

Its native cryptocurrency, STRONG token, has had quite the journey since launching in 2020, enjoying a rather fruitful 2021. Yet since then, the coin started to dramatically fall in the second half of January 2021, unable to reach past heights.

Can STRONG rise back to its October 2021 value and which factors are driving the STRONG/USD forecast?

What is the STRONG coin?

StrongBlock was founded in 2018 by ‘blockchain pioneers’ David Moss, Brian Abramson and Corey Lederer with the goal  to easily add secure, decentralised blockchains to any application.

It had taken the company, however, two years to launch its Blockchain-as-a-Service (BaaS) platform.

By tackling one of the biggest problems new blockchains face, StrongBlock managed to become the first and only blockchain-agnostic protocol that rewards its users for running nodes.

Nodes, which are vital for the existence of any blockchain, keep full copies of blockchain transactions but are hard to create and pricey to operate. This leads many nodes to run outdated software, store incomplete blockchain histories and be intermittently offline.

StrongBlock’s Nodes-as-a-Service (NaaS) function lets cryptocurrency miners create nodes in seconds. In turn, miners are rewarded in the form of the blockchain’s native cryptocurrency, STRONG, for maintaining the node without having to run their device 24/7.

Rewards can be boosted with StrongBlock non-fungible tokens (NFTs) that are available in four categories: bronze, silver, gold and platinum.

Once a node is launched, it can be used by anyone to access the blockchain the node was built for. So far, StrongBlock supports hundreds of nodes built for Polygon, Ethereum and Sentinel. The approximate amount to set up and run a full Ethereum node is $113.11 per month.

Being listed as an eligible node on StrongBlock is free, however, users should expect a mining deposit to amount to 10 STRONG tokens.

STRONG is an ERC-20 cryptocurrency built on the Ethereum network. Its original supply amounted to 10 million, however, after launching the second version of its Decentralised Finance (DeFi) protocol, StrongBlock ended up burning 94% of the original tokens limiting the supply to around 535,000 STRONG coins.

In the second version of its tokenomics paper, StrongBlock noted that the token:

  • Is primarily used for rewards.
  • Supports a low-inflation model with rewards mostly generated through node participation that may adjust in accordance to token valuation over time. In addition, deflationary measures will also be used including the burning of STRONG tokens in some transactions.
  • Establishes governance, which will eventually determine how StrongBlock works as a decentralised network.
  • Is helping the project reach a model of long-term, self-sustaining growth.

As of the time of writing (1 April), StrongBlock is rewarding 444,676 nodes.

Over 138,000 coins are currently in circulation, according to data provided by CoinMarketCap at the time of writing. STRONG currently has a market capitalisation surpassing $16m (£12.2m) and is ranked as the 828th largest cryptocurrency.

STRONG price analysis: Bear trend

The STRONG cryptocurrency embarked on quite the journey during its two years in circulation. After reaching a record high of $1,193.31 on 28 October 2021, the StrongBlock coin failed to regain those levels, slumping to the $116 mark, as of 1 April 2022.

After a mini peak of $708.97 on 14 January 2022 the STRONG token started to drastically drop, losing 35.48% of its value in 10 days. Throughout February 2022, the STRONG coin value lost 47% amid broad negative market sentiment as tensions rose on the Russia-Ukraine border.

STRONG/USD price chart, 2020 – 2022

In the most recent STRONG coin news, the project announced that the StrongBlock had reached 270,000 nodes on 27 January 2022.

The number of nodes being activated on StrongBlock drastically increased in February 2022 from 285,000 on 3 February to 350,000 on 27 February. In addition, the token celebrated great success as it debuted third on the top 10 US trending coins for the week chart on CoinGecko on 18 February. This gave investors hope that the token’s price could still resurface.

STRONG’s price continued to decrease in the next couple of weeks, falling to $113.62 on 26 March 2022, its lowest value that month.

Last year STRONG’s price action seemed hopeful as it surged to a record high of $1,193.31 on 28 October 2021 as the blockchain announced the start of its metal NFT lottery where miners would be eligible to qualify to purchase one StrongBlock metal NFT for its original price in STRONG.

In terms of STRONG technical analysis, the short-term sentiment for the token was largely bearish as at the time of writing (1 April).

A Relative Strength Index (RSI) reading of 31 was extremely close to the oversold territory. A reading of 30 or below would indicate that the asset has become undervalued and a trend reversal is likely. Meanwhile, the token was trading below its three, five and 10-day moving averages, indicating a bearish trend.

STRONG token price prediction: Key drivers

On 28 February 2022, StrongBlock published its roadmap for 2022 underlining some key goals including:

  • The launch of its new token, STRONGER, which plans to solve a number of problems that followed the success of the NaaS DApp.
  • The release of several new features including two new, different types of nodes, a node marketplace and node transfer.
  • The platform’s intention to build a Layer 1, EVM-compatible blockchain protocol that will be known as StrongChain with the bigger goal in mind of moving its NaaS platform to StrongChain and creating a community-oriented model that will unlock new economic layers, increase sustainability, make STRONG more resilient, and lay a new foundation for growth.

BigONE Exchange chair in Asia, Anndy Lian, told Capital.com that the token’s price could be struggling due to the platform being unable to gain retail investor understanding.

“STRONG brings more decentralisation to the current decentralised space by offering multi chain third party external nodes and other data oracles to build robustness and efficiency,” Lian exclusively told Capital.com.

“They believe the best way to adopt blockchain is through DAO governance and reward the community sufficiently. This idea works well on the paper but may not be well understood by the retail investors as a whole. Things might change when they list in the more major exchanges,” he added.

Thus far, the STRONG token has been listed on ChainSwap and Poloniex Exchange.

In the recent announcement by the project, StrongBlock warned investors to beware of scams, suggesting it has been prone to attacks in the past.

StrongBlock (STRONG) price prediction 2022 – 2025

Despite the latest downward price action, algorithm-based forecasting service WalletInvestor gave a bullish STRONG crypto price prediction at the time of writing (1 April). The site noted that STRONG is “an awesome long-term investment”, adding that it has a long-term earning potential amounting to 1,343.3%.

Based on its analysis of past price performance, Wallet Investor predicted that STRONG could cost $460.507 in 2023 and reach $1,751.200 by 2027.

DigitalCoinPrice supported the positive STRONG/USD forecast but saw a much slower pace of growth in the following years, expecting the token to grow to $167.83 by the end of 2022 and reach $248.68 by the end of 2025.

By the end of 2027, the site predicted that the price of STRONG coin could reach $376.08. Its long-term STRONG token forecast showed the cryptocurrency reaching $553.34 by 2030.

Note that predictions about the future of STRONG can be wrong. Forecasts and analyst expectations shouldn’t be used as a substitute for your own research. Always conduct your own due diligence and rely on your own projections, and never invest or trade money you cannot afford to lose.

 

 

Original Source: https://capital.com/strongblock-strong-coin-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- “NFT: From Zero to Hero” and “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”.

www.anndy.com
j j j

KAVA price prediction: Will Kava 10 upgrade boost the coin?

Kava Network, a decentralised finance (DeFi) platform for lending and borrowing crypto assets, is set to upgrade its network to Kava 10 in 2022, adding Ethereum Co-Chain to the currently used Cosmos blockchain.

Yet, despite the buzz generated in anticipation of the launch, its native token Kava (KAVA) suffered a volatile ride in 2022 amid a wider dip in cryptocurrency markets.

Can the coin regain momentum and what does the KAVA crypto price prediction for 2022, 2025 and 2030 look like?

What is the KAVA coin?

The Kava Network was founded in 2018 by Kava Labs, a company focused on making financial services easily accessible to all. On 14 November 2019 the Kava mainnet launched.

The Kava blockchain acts like a decentralised bank. It’s the first DeFi platform to offer users the possibility to borrow and lend major crypto assets without the need for a traditional financial intermediary, according to its whitepaper. It supports a number of cryptocurrencies, including Bitcoin (BTC), Ripple (XPR), Binance (BNB) and Cosmos (ATOM).

Many DeFi platforms are powered by the Ethereum network. Kava is the first to be built on Cosmos, which, according to its creators, allows Kava to operate “lightning-fast” – the platform’s major unique selling point.

The network is powered by Co-Chain architecture, which combines the flexibility and speed of the Ethereum blockchain with the interoperability of the Cosmos SDK, merging the two most used permissionless ecosystems into a single, scalable, network.

This allows users to access the most popular blockchains and establishes the free flow of assets and projects within the Kava Ecosystem.

The platform has three functions:

  • Kava Lend: allows users to earn rewards by supplying and borrowing assets from money markets.
  • Kava Swap: allows users purchase and sell assets across the Kava Blockchain and earn rewards by providing liquidity pools.
  • Kava Mint: allows users to take USD-pegged stablecoins called USDX loans by using their crypto assets as collateral.

Kava’s crypto-backed stablecoin can be minted by anyone who owns crypto assets. To mint USDX a user must deposit more crypto assets in USD value than they wish to create USDX of. Different crypto assets have a different collateralisation ration.

Users receive rewards for minting USDX in the form of Kava Network’s native cryptocurrency, the KAVA token, which can be used for governance and staking. The number of rewards an owner receives in KAVA varies Accor to the type of their owned crypto assets.

There were 100m KAVA tokens initially released by the network. According to CoinMarketCap, at of the time of writing (8 February 2022), over 152m KAVA tokens were in circulation, with their total supply exceeding 154m. The token’s market capitalisation amounted to over $562m, giving it a rank of 125.

KAVA crypto price: Latest drivers

The KAVA token was priced at $0.9646 at its launch on 26 October 2019. It surged by 32.44% to $1.2776 on 19 November 2019 following the announcement on 16 November that the KAVA mainnet had officially launched into full gear “making DeFi on Cosmos a reality”.

Through the end of 2019 and the start of 2020, the token’s price started to fluctuate. It dropped to its all-time low of $0.3438 on 16 March 2020, despite the token being listed on three different exchange platforms throughout January and February that year.

Since it’s all-time low in March, the token regained momentum in the summer of 2020. By 8 August, the token’s price reached $4.6653 – a 1256.98% surge since that all time low.

The KAVA token then kept a steady rate of growth, rising 9.12% to $5.091 on 16 August after an announcement that Kava had embarked on a partnership with Injective Protocol.

By 23 August 2021, the KAVA token reached its all time high of $8.7159, a rise of 161.1% since its low of $3.3381 on 20 July, amid anticipation of the launch of Kava Swap on 30 August.

Between 23 and 26 August the coin’s price started to decline. It gained momentum on 26 August when the platform rebranded by introducing the Kava Mint, Kava Lend and Kava Swap Protocols. This led to a 14.19% rise in the token’s price from$7.5813 on 26 August to $8.6573 on 28 August.

The next major catalyst in KAVA crypto news came at the end of October 2021 when the company announced that it was planning to launch its big Kava 9 update. The token, which has been falling since September, failed to gain much momentum rising by 5.18% between 21 and 26 October, from $5.6376 to $5.9299.

The Kava 9 mainnet update successfully launched on 19 January 2022, however, the token’s price stayed in a bearish trend falling by 38.8% from $5.5258 to $3.3785 between 16 and 23 January 2022 amid a general dip in the cryptocurrency markets.

Technical analysis provided by CoinCodex showed that short-term sentiment on the KAVA token was bearish as of the time of writing (8 February), with 21 indicators showing bearish signals and nine showing bullish signals.

What’s to come in 2022?

In recent KAVA crypto news, the company uncovered plans that the blockchain will undergo another major upgrade known as Kava 10 which will introduce the Ethereum Co-Chain along with the currently used Cosmos blockchain. According to the platform, bringing Ethereum and Cosmos together will create a surge of activity on the Kava Network. The launch of Kava 10 is anticipated for 3 May 2022.

Other upcoming projects on Kava’s roadmap that could influence n the token’s price include the GameFi and non-fungible tokens (NFT) incentive program scheduled for May 2022.

BigONE Exchange’s chair Anndy Lian explained that Kava’s function to lend and borrow assets using a number of cryptocurrencies as collateral still serves as a big plus for the platform.

“[Kava’s] debt-to-collateral ratio is reasonable too. For example, based on a 300% ratio, the cryptocurrency locked in the network would be liquidated if it falls below 3 X of the USDX loaned,” he told Capital.com.

“Their codes are sound and their treasury is still holding up well.”

by Anndy Lian, BigONE exchange chair

“The slide in the price recently is due to the overall market conditions. Some investors may see steeper plunges due to the performances of their collateralised assets. In my humble opinion, there is nothing to be worried about at this point, their codes are sound and their treasury is still holding up well.”

KAVA price prediction 2022-2030

Algorithm-based forecasting service Wallet Investor gave a bullish KAVA crypto price prediction, as of the time of writing (8 February), calling it an “awesome long-term investment”.

Based on its analysis of the cryptocurrency’s past performance, the forecasting service predicted that KAVA could trade at $5.917 in 2023 and $14.649 by 2027.

DigitalCoinPrice supported the bullish Kava forecast, seeing the coin reach $5.33 by the end of 2022. The coin’s price is estimated to surpass its all-time high in November 2025 at $8.78, according to the site.

Although a KAVA coin price prediction for 2030 is not currently available, DigitalCoinPrice estimated that the token could reach $8.50 by the end of 2027, rise to $11.73 in December 2028 and jump to $16.28 in the following year.

Note that algorithm-based price predictions can be wrong. Forecasts should not 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/kava-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- “NFT: From Zero to Hero” and “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”.

www.anndy.com
j j j

UFO coin price prediction: Will Super Galactic boost the coin?

UFO coin price prediction: Will Super Galactic boost the coin?

UFO Gaming is a blockchain-based gaming platform with the goal of enabling players to earn in-game rewards and complete quests within the metaverse. Its play-to-earn game will offer a user-owned internet economy where in-game assets such as non-fungible tokens (NFT) can be easily purchased or sold.

Its upcoming game, Super Galactic, is set to launch at an unspecified date and will include an NFT marketplace where users can trade their characters, weapons, armour and other in-game items.

Each game will have its own governing planet which will host virtual land auctions where people can purchase a piece of a planet. Such pieces of land can then be used to build virtual infrastructure such as NFT stores, collection galleries and weapon stores.

UFO Gaming has stated that it is the first ever GameFi platform to sponsor an esports tournament – an event which was hosted by the Twitch streamers Apryze and Nokokopuffs with a $10,000 (£7,284) cash pool at stake.

What is the UFO coin?

UFO is the ERC-20-compatible token of the UFO Gaming platform that can be used to purchase in-game assets and complete transactions within the metaverse.

UFO token holders also possess voting rights through a decentralised autonomous organisation (DAO) governance model. When the game launches, users will need NFT characters, known as Origin UFOeps, in order to play Super Galactic.

The company said that only 10,000 of the first edition NFT characters, also known as Genesis NFTs, will be minted and available for players. In addition, players will be able to unlock certain features within the game by staking UFO gaming coins in order to earn plasma points.

Origin UFOeps NFTs can only be minted using plasma points that are generated through the Super Galactic decentralised application (dApp) staking feature. Users receive a share depending on their pool weight (the stake vs total amount staked), how long they lock it for and which specific pool they choose.

The UFO single stake pool holds 25% of the liquidity pool. Meanwhile the UFO-ETH pool holds 75% of the total pool. If a user opts for locked staking, they will earn up to two times more plasma points than if they were to choose flexible staking. It’s worth noting that plasma points will not be tradable on Uniswap or any other decentralised exchange (DEX).

UFO price analysis: Technical view

At the end of 2021, UFO Gaming announced that its 10k cup tournament would be streamed live on Twitch on 23 October 2021, leading the coin to jump from $0.00001027 on 24 October 2021 to $0.00003182 on 1 November.

The UFO price then consolidated, trading within the $0.00001 to $0.00002 range until 20 November 2021, when it climbed to $0.00003723.

The bullish momentum continued seeing the price rise further to $0.00004345 on 23 November 2021, leading the coin to achieve an all-time high of $0.00005486 a few days later on 25 November.

After a dip to $0.00003832 on 1 December 2021, UFO fell again to $0.0000206 on 6 December 2021 – wiping out almost half of its value in just five days. This is somewhat of a sharp drop considering that the coin had hit its all-time high just 11 days earlier.

The price action has since moved lower to sideways amid the wider slump in the cryptocurrency markets and the coin is currently (13 January) trading at around $0.000018 and would have to rise 232% from its current price to break its all-time high level again. UFO ranks 237th in the list of cryptocurrencies by market capitalisation at $464m, according to CoinMarketCap.

Technical analysis provided by CoinCodex shows that short-term sentiment on UFO coin is neutral, with 11 indicators displaying bullish signals compared to 11 bearish signals at the time of writing.

The daily simple and exponential moving averages are giving sell signals, according to data from TradingView, while the relative strength index (RSI) is at 36, as of 13 January. An RSI reading of 30 or below indicates an oversold or undervalued condition.

A debut play-to-earn game

When the flagship game of the UFO Gaming ecosystem launches, it could provide a boost to the project by offering users an immersive and unique player experience.

Virtual land, which will act as a critical feature of Super Galactic, has become highly sought-after within the NFT industry. For example, both a rare Axie Genesis Plot sold for $2.5m, or 550 ETH and the artist Krista Kim sold the world’s first digital NFT home, known as Mars House, for 288 ETH or $515,459, on the digital art marketplace SuperRare last year.

Super Galactic will be unique as each plot of land will be customisable and alien quests are set to include UFO rarity scores. What’s more, in September last year, UFO Gaming announced that it will be launching Origin Genesis NFTs on the layer-2 scaling protocol, Polygon. As such, the project benefits from Polygon’s high-speed transactions and minimal gas fees.

UFO Gaming secured multiple partnerships throughout the end of 2021 with Kadena, Merit Circle and CitizenX, as well as sponsoring Chainlink’s Hackathon event last year. In other UFO coin news, the cryptocurrency exchange KuCoin listed UFO in December last year.

A risk for the project lies in the fact that UFO Gaming launched only in 2021 making it a relatively new project operating within a nascent industry.

UFO crypto price prediction: Buy, sell or hold?

In terms of a UFO token price prediction, algorithm-based forecasting service WalletInvestor gives a positive prediction. Based on historical data, Wallet Investor sees the price going up to $0.004088 by February 2022 and hitting $0.00490 by January 2023.

Digital Coin Price supports the bullish UFO forecast, expecting the token to grow to $0.00002307046 in February 2022, $0.00004159700 in January 2025 and $0.00007050493 in January 2028.

While the UFO token price prediction for 2030 is not yet available, Digital Coin Price suggests it could be $0.00007484419 at the end of 2029.

“The current GameFi trend popularised by Axie Infinity has inspired many other gaming platforms to enter into the cryptocurrency realm with hopes to bridge traditional gaming with blockchain,” said Anndy Lian, chairman of BigONE Exchange and chief digital adviser for Mongolia’s national productivity agenda.

“UFO has potential to grow since it’s the first P2E platform to sponsor an esports gaming event. It’s also fully decentralised and will give players the chance to buy and sell NFT collectible soldiers,” Lian told capital.com.

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- “NFT: From Zero to Hero” and “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”.

www.anndy.com
j j j