The world is evolving at a breakneck pace, with technological advancements fueling this rapid evolution. Digitization is increasing daily, making businesses more profitable and transactions safer and more efficient. The growing prevalence of cryptocurrencies has been central to many technological advancements.
As a result, more and more people are now using cryptocurrencies. Besides that, people are investing in crypto trading and generating significant returns. This increasing demand for cryptocurrencies has paved the way for many new cryptos with unique characteristics. But all these cryptos and their respective protocols are designed to serve different purposes.
One such distinct crypto is the ShapeShift FOX Token, which has drawn great attention with its unique characteristics. As a result, many people are investing in this crypto for trading purposes or to access the features of the ShapeShift FOX platform. But does that mean even you should consider investing in ShapeShift FOX Token? Well, continue reading to find out.
ShapeShift (FOX) Token: At a Glance
| Project Name | ShapeShift |
| Crypto Symbol | FOX |
| FOX Market Cap | $21,672,992 |
| Circulating Supply | 377,154,162.47 FOX |
| Total Supply | 1,000,001,337 |
| Current Price (As of September 1st week) | $0.05745 |
| All-time High Rate | $5.13 |
ShapeShift (FOX) Token: Overview
Initially founded in 2014, the ShapeShift platform has come a long way. The free and open-source platform strives to help users trade, track, earn, and buy cryptocurrencies. Given the increasing number of cryptocurrencies in the market, ShapeShift is an excellent platform to make your crypto portfolio more manageable.
The platform is entirely decentralized, and the members on the platform are responsible for operating the platform. These characteristics are imperative in making ShapeShift a highly secure and private platform for its users. The best thing about ShapeShift is the platform does not hold any crypto for you. This means only you can access your crypto assets, keeping them safe and secure at all times.
Additionally, ShapeShift is a multichain platform which certainly makes it one of a kind. These unique characteristics make ShapeShift very different from most conventional centralized crypto platforms. This means users have complete control over their assets as there is no need to deposit funds into the wallet. One of the best things about ShapeShift is it is a free and open-source platform. Besides, the platform is owned by community members and is private, non-custodial, and multichain. ShapeShift is one of those few crypto platforms that allow cross-chain swaps powered by 0x and THORChain.
As with most other crypto platforms available in the market, even the ShapeShift platform comes with its native currency. The currency is the FOX token, and users can use the token for several different purposes. So continue reading to learn more about other uses of the ShapeShift FOX Token and determine if the token is worth your investment.
Fundamental Value Of FOX Token
Now that you better understand the ShapeShift platform, it is time to familiarize yourself with the ShapeShift FOX Token. This is important as it will help you make a better and informed investment decision that ensures better returns. But before diving into the fundamental value of the ShapeShift FOX Token, let's first glance at the current stand of the token in the market.
The ShapeShift FOX Token is listed in several different crypto exchanges. As of September 2022, the token currently holds a value of $0.05743 with a market cap of $21,660,347. Besides that, the fully diluted market cap of the ShapeShift FOX Token stands at $57,388,677 with a 24-hour trading volume of $207,190. Finally, there are currently 377,154,162.47 FOX tokens circulating in the market from a total supply of 1,000,001,337 ShapeShift FOX Tokens. Now let's dive into the fundamental value of the ShapeShift FOX Token.
Access To Governance:
Users of community members with sufficient ShapeShift FOX Token holdings can access the DAO of the ShapeShift project. This allows one to take part in the decision-making process of the platform. Hence you can have your say heard when deciding on a future course of action for the platform. You can even submit proposals and review proposals from others to drive better decision-making.
Free Trading:
Users can trade their ShapeShift FOX Token holdings in different crypto exchanges. But if they trade their ShapeShift FOX Token holdings right from within the platform, they need not worry about any trading fees. This presents an excellent opportunity for traders and investors looking to enhance their returns from crypto trading.
Single-Sided Staking:
The other good news for ShapeShift FOX Token holders is they can benefit from the appealing returns of single-sided staking. This means they can stake their ShapeShift FOX Token holdings and earn appealing interest rates on the same. Additionally, one can reap the benefits of single-sided stacking with Bancor and Tokamak.
Now that you have a better understanding of the fundamental value of the ShapeShift FOX Token, it is time to dive into more nuances. Before you invest in crypto, you must get into the details of the past performance of the token. This will help you paint a better picture of what to expect from the future of the token. So continue reading to understand the past performance of the ShapeShift FOX Token.
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FOX Token: Price History & Overview
ShapeShift FOX Token entered the crypto market in January 2021. The token was listed on CoinCapMarket on the 6th of January 2021 at $0.59. But it did not take ShapeShift FOX Token long before the token's value soared in just four days and reached $0.96 on the 10th of January. One has to acknowledge that this bullish growth was primarily because of ShapeShift's announcement about incorporating decentralized exchanges into the platform. Many major crypto publications covered this story resulting in the sudden spike. But this was again followed by a bearish run that resulted in the token's value falling drastically. In just a couple of days, the value of the ShapeShift FOX Token fell to $0.28, which is even lower than its launch value.
But thanks to the volatile crypto market, things started to change for the good again. By the end of March 2021, ShapeShift ran a free Ethereum giveaway for people using the platform for varied purposes. Consequently, this had a very bullish impact on the token's value, ultimately taking the value to $1.68 on the 7th of April 2021. The token's value did suffer a bit of a bearish trend in the following month of May and June. But this was again followed by a notable bullish run taking the value of ShapeShift FOX Token over $1 in July 2021.
This was also when MEXC Global decided to list ShapeShift FOX Token on their platform. This helped ShapeShift FOX Token attain a valuation of $1.18 on the 15th of July 2021. Following this bullish run, there was nothing much worth noting in the token's performance.
However, that is not to say that things have not been great for ShapeShift FOX Token, as it saw its most significant bullish run in November 2021. This was also when investors were voting whether ShapeShift should receive reactor status on the TOKEMAK platform and get more liquidity.
This was a great time for owning ShapeShift FOX Tokens as it became the highest voted for value project. As a result, the value of the ShapeShift FOX Token spiked significantly, reaching $5.13 on the 13th of November 2021. This was also the all-time high value of the ShapeShift FOX Token.
This momentum continued even in the following month of December when the token enjoyed an increased valuation. Besides, this was also the time when Coinbase Pro decided to list the ShapeShift FOX Token with a USD pairing, which had a positive impact on the token's value.
But then came 2022, and it brought much bad news for the ShapeShift FOX Token. The token's value soon started to tread on a bearish trend with everything happening worldwide. As a result, the ShapeShift FOX Token has been losing valuation since the very start of 2022. As of September 2022, the token currently holds a value of $0.05743 with a market cap of $21,660,347. Besides that, the fully diluted market cap of the ShapeShift FOX Token stands at $57,388,677 with a 24-hour trading volume of $207,190. Finally, there are currently 377,154,162.47 FOX tokens circulating in the market from a total supply of 1,000,001,337 ShapeShift FOX Tokens.
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Price Forecast For ShapeShift FOX Token
you through the conclusions from the technical and fundamental analyses of the ShapeShift FOX Token. But before that, you first need to understand the current valuation of the ShapeShift FOX Token. As of September 2022, the token currently holds a value of $0.05743 with a market cap of $21,660,347. Besides that, the fully diluted market cap of the ShapeShift FOX Token stands at $57,388,677 with a 24-hour trading volume of $207,190. Finally, there are currently 377,154,162.47 FOX tokens circulating in the market from a total supply of 1,000,001,337 ShapeShift FOX Tokens.
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Technical Analysis
Predicting the future performance of a token is never easy. But the best one can evaluate the past performances and dive into the technicals of the token. As you are already aware, ShapeShift FOX Token is the native currency of the ShapeSShift platform.
As with every other crypto, even Until now, you probably have an enhanced understanding of the past performance of the ShapeShift FOX Token. But this information alone is insufficient to help you make an informed investment decision. Hence it is now time to take a look at the future of the ShapeShift FOX Token. This section will walkShapeShift FOX Token has suffered significant damages in 2022. Consequently, the token's value has dropped, causing a lot of panic among investors.
As of September 2022, the token currently holds a value of $0.05743 with a market cap of $21,660,347. Besides that, the fully diluted market cap of the ShapeShift FOX Token stands at $57,388,677 with a 24-hour trading volume of $207,190. Finally, there are currently 377,154,162.47 FOX tokens circulating in the market from a total supply of 1,000,001,337 ShapeShift FOX Tokens.
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Fundamental Analysis
The crypto trading industry is one of the most volatile industries operating in the business world. As a result, it becomes essential to evaluate the fundamentals of a token before investing in it. This will help you get a better idea of what's in store for the future of the ShapeShift FOX Token. ShapeShift FOX Token has a robust foundation, which is why the token has attracted many crowds since the start. One can never deny that ShapeShift FOX Token has been one of the most performant crypto tokens throughout 2021. But 2022 tells a different story for ShapeShift FOX Token, as the token has succumbed to the adversities of different factors. However, given the past performance of the ShapeShift FOX Token, chances are high that the token's value will bounce back.
Note: The crypto market is very volatile, making it very challenging to predict what's in store for the future of a single token. Hence the best one can do is on analysis and predictions from experts. But one must not mistake the conclusions of these analyses as concrete results as there are many variables involved that can change at any time.
So ensure you use these conclusions only as reference points, not concrete results. Besides that, you must also do your research and due diligence to understand better what's in store for the future of any crypto token With a better idea of the technicals and fundamentals of the ShapeShift FOX Token, it is time to dive into more granular details. The following section will walk you through the year-wise price predictions of the ShapeShift FOX Token. So continue reading to understand better what's in store for the future of ShapeShift FOX Token.
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FOX Token Price Predictions 2022-30
ShapeShift Token Price Predictions For 2022 | Potential ROI: 19%
2022 has been one of the worst years for the ShapeShift FOX Token and the crypto market. The token has been on a steep decline since the start of the Tussi Ukraine war on the 25th of February, 2022. However, the token has still managed to survive through those damages, ensuring it will reach a better valuation in the coming times.
As of September 2022, the token currently holds a value of $0.05743 with a market cap of $21,660,347. Besides that, the fully diluted market cap of the ShapeShift FOX Token stands at $57,388,677 with a 24-hour trading volume of $207,190. Finally, there are currently 377,154,162.47 FOX tokens circulating in the market from a total supply of 1,000,001,337 ShapeShift FOX Tokens. As for the remainder of 2022, experts from TradingBeast are expecting the prices to grow to $0.09489 by the end of 2022. Even experts from PricePrediction.net are optimistic the token's value will rise to $0.101907 by December 2022. But experts from WalletInvestor are pessimistic that the token's value will fall to $0.018693 by the end of 2022.
ShapeShift Token Price Prediction For 2023 | Potential ROI: 52%
Things are looking good for the ShapeShift FOX Token in 2023, with experts from TradingBeast expecting the prices to grow to $0.1074 by the end of 2023. Then comes the experts from PricePrediction.net, who expect growth to take the token's value to $0.08442. Finally, even experts from WalletInvestor are optimistic about the token's performance, with predictions suggesting the price will reach $0.083214 by December 2023.
ShapeShift Token Price Prediction For 2024 | Potential ROI: 49%
Things are again looking relatively good for the ShapeShift FOX Token in 2024. First, experts from TradingBeast expect the prices to reach $0.134485 by the end of 2024. Then comes the experts from WalletInvestor, who have a similar view with their predictions expecting the token's price to reach $0.079596. But experts from PricePrediction.net are taking a different view with their predictions indicating a downfall to take the token's cost to $0.054873.
ShapeShift Token Price Prediction For 2025 | Potential ROI: 12%
As for 2025, experts from TradingBeast are expecting the price of FOX token to grow and reach $0.139574. On the other hand, experts from WalletInvestor’s are mainly optimistic about the prices and suggest that they will reach $0.047637 by December 2025. Following this, experts from PricePrediction.net indicate that the prices will fall to 0.016281 by the end of 2025.
ShapeShift Token Price Prediction For 2030 | Potential ROI: 76%
For 2030, experts from TradingBeast are expecting the token's prices to grow and attain a valuation of $0.173071 by December 2030. Then comes the experts from PricePrediction.net, who have a similar view with their predictions citing a price of $0.104319 by the end of the decade. Finally, contradicting these predictions are experts from WalletInvestor, who predict a downfall will take the token's value to a low of $0.040401 by the end of the year. As you can see, there are different experts with different takes on the future of the ShapeShift FOX Token. These figures can be confusing for anyone, so we must present them more comprehensively. So refer to this table below to better understand the future of the ShapeShift FOX Token.
| Method | 2022 | 2023 | 2024 | 2025 | 2030 |
|---|---|---|---|---|---|
| Expected Price | $0.101907 | $0.08442 | $0.054873 | $0.016281 | $0.104319 |
| Potential ROI | 19% | 52% | 49% | 12% | 76% |
| Type Of Run | Bullish | Bullish | Bearish | Bearish | Bullish |
| Singal | Buy | Buy | Buy | Buy | Sell |
Why Should You Consider Using The FOX Token?
ShapeShift FOX Token was one of the most performant crypto tokens in 2021. Many reasons fuel this popularity, including:
- Governance: One of the best things about ShapeShift FOX Token is the right to participate in the platform's governance. ThiFees: The other great thing about the ShapeShift FOX Token is you need not worry about any trading fees eating into your returns. All you s means as long as you hold a sufficient amount of ShapeShift FOX Tokens, you can be a part of the decision-making body of the platform.
- No Trading need to do is focus on making the right trading decisions and nothing more than that.
- Privacy: Unmatched privacy is another plus of ShapeShift FOX Token. ShapeShift is one of those few crypto trading platforms that does not store any of your private keys. This ensures that you only have access to your crypto assets.
Is It Worth Investing in The FOX Token?
Investing in crypto can have several implications on your personal life. Hence the smart thing to do here is to evaluate all the relevant factors and determine if ShapeShift FOX Token is worth your investment. Besides that, you must even refer to the predictions made by experts to get a comprehensive view of the future of the token.
Once done with all that, you must spend some time carrying out your research and due diligence. This will help you get a first view and idea of the crypto market, further helping you facilitate informed decisions.
Final Verdict
Investing in a crypto token means evaluating many factors associated with the specific crypto and the market. Lucky for you, this article has all the information you need to make an informed decision about ShapeShift FOX Token. So ensure you refer to this information and make the right decision to drive growth. But that does not mean you should rely solely on the many variables' predictions and forecasts. Instead, you must also research and diligence to facilitate better decision-making and drive growth with minimal hassle.
FAQs
Q1. Will ShapeShift FOX Token breach the $1 mark again?
There is no definitive way to predict the future of a crypto token. But we can always refer to the predictions from experts to better understand what's in store for the future. Given the predictions mentioned above, it does not seem ShapeShift FOX Token is breaching the $1 mark anytime soon.
Q2. Where can I buy ShapeShift FOX Tokens?
ShapeShift FOX Token is very popular, and many prominent crypto exchanges have listed ShapeShift FOX Token. Some of the most notable platforms from which you can buy ShapeShift FOX Tokens include Huobi Global, Uphold, and more.
Q3. Should I invest in ShapeShift FOX Token?
Crypto investments are your personal decision, and you must evaluate all the factors accordingly. So make sure you do your research and due diligence to answer your questions correctly. You can even refer to the predictions and forecasts from experts for the same purpose.