The advent and growing popularity of cryptocurrencies are now shaking the existing financial system. Investors and traders from all walks of life are now getting more and more interested in cryptocurrencies. This is understandable given the amplified returns one can enjoy with cryptos. Currently, over a thousand types of cryptocurrencies are available in the market. Most cryptos are structured to serve different purposes and provide traders and investors with a better crypto trading experience. One such well-known cryptocurrency is the Swipe (SXP) token.
Swipe (SXP) is the native token of the Swipe protocol launched in 2019. The protocol was the brainchild of Joselito Lizarondo, who is a well-known expert in the tech start-up sector. The intent behind the launch of this protocol was to take on the existing crypto card sector and provide customers with a better alternative.
Ever since, the Swipe (SXP) has gone through a lot, seeing both highs and lows that come with the crypto market. But, of course, no one is a stranger to the volatile nature of cryptocurrencies, making them a relatively risky investment. One simple way to navigate these risk factors is through thorough research and due diligence.
This article will walk you through every detail you need to know about the Swipe protocol and the past, present, and future performance of Swipe (SXP). In the coming years, you will get a deep and granular insight into the price predictions for Swipe (SXP). So continue reading to learn more and make an informed investment decision.
Swipe Protocol: At a Glance
|Project Name||Swipe Protocol|
|SXP Market Cap||$214,400,281|
|Current Supply||492,952,380.43 SXP|
|Circulating Supply||492,952,380.43 SXP|
|Current Price (As of August 1st week)||$0.4357|
|All-time High Rate||$5.79|
Swipe Protocol: Overview
The Swipe protocol is an application programming interface commonly known as API. The API allows traders and investors to facilitate seamless payment on their crypto cards. The API came into being in 2019, and it did not take long before it became highly popular in the crypto sphere. The following year in June 2020, Binance took cognizance of this development and acquired the Swipe API protocol. There have been very significant changes in Swipe's utility as the API transformed from a front-end crypto card offering to an API used to support Binance's crypto card.
This offering was soon released in the UK and EU by July 2020. Swipe has expanded its operations, offering similar back-end services to another exchange called FTX. The company has since earned an exuberant reputation for offering back-end services to a number of decentralized exchanges (DEX).
But all of that has never been possible without the Swipe (SXP) token supporting all the operations leveraging the ERC-20 network. Even the native currency underwent a great deal of transformation after Binance acquired the protocol. Initially, the token had to be staged for traders to access the Swipe credit card.
But things have changed now, and the token is primarily used to support the functions of Swipe API. Basically, the token functions as a mode of transaction within the network for paying things such as transaction fees. Besides that, there are other functionalities of the token, but more on that in the following section.
Fundamental Value of SXP Token
With each passing year, the number of cryptocurrencies and crypto exchanges is increasing at a steady rate. As a result, it becomes rather challenging for traders and investors to find the right token that promises a good return. One easy way to determine a token's future performance and probable return potential are by analyzing its present fundamental value. Swipe (SXP) Token currently yields a market valuation of $0.433874, which is likely to increase by the end of August 2022. According to CoinCodex, the price volatility of Swipe (SXP) Token currently stands at 6.07%, which is ideal for promoting positive sentiment among traders and investors in the market. Nonetheless, now let's check out some ways the Swipe (SXP) Token yields fundamental value.
Seamless Trading Experience
The aforementioned market value of a Swipe (SXP) Token is the current price for a single Swipe (SXP) Token. This means one has to pay $0.433874 to own one Swipe (SXP) Token. One can then trade this token in varied crypto exchanges and amplify their returns with minimal hassle.
Medium of Exchange
Every crypto protocol needs some kind of medium of exchange to keep the network running. The same goes for the Swipe protocol, which uses its native currency, Swipe (SXP) Token, as a medium of exchange on the network. This means users can use their Swipe (SXP) Token holdings to pay for things like transaction fees and more.
The other great advantage of holding Swipe (SXP) Tokens is it gives you the right to have a say on Swipe's future. As long as you hold a certain amount of Swipe (SXP) Tokens, you can be a part of the decision-making body of the Swipe protocol. This empowers you to make decisions that will shape the future of the Swipe protocol.
With a better understanding of the fundamental value of the Swipe (SXP) Token, it is time to dive deeper. The following section will walk you through the performance of the Swipe (SXP) Token until now. This will be imperative to give you the right idea of what you expect from Swipe (SXP) Token in the coming years.
SXP) Token Price History And Overview
Swipe (SXP) Token started trading in major cryptocurrencies on the 13th of July 2020. Not long before, the token's value began skyrocketing like something unprecedented. By the 10th of August 2020, the value of Swipe (SXP) Token increased by a staggering percentage of 825%, and soon investors and traders were flocking to buy more Swipe (SXP) Token.
But what was the cause behind this sudden increase in Swipe (SXP) Token's price? The announcement where Binance said it had purchased a majority of shares in the Swipe protocol act as a catalyst here. Following this, the Swipe (SXP) Token was launched on the Binance exchange, which further helped boost the overall value of the token.
Binance intended to bridge the gap between conventional commerce and cryptocurrencies with Swipe. But things didn't go as planned, and investors were not getting the expected returns from their Swipe (SXP) Token holdings. As a result, many investors began selling their Swipe (SXP) Tokens, and the price began to follow a downward trend almost immediately.
All of these were happening even before the token reached the right time for its ICO. But by the time it came close to its ICO in December 2020, the token's value plummeted to a low of $0.58. But bad times did not last long for the Swipe (SXP) Token, as the token's value began to spike up again in the following months.
The start of 2021 was great for Swipe (SXP) Token as the token reached exuberant valuations as of January 2021. This bullish trend for a couple of months, taking the token's value to an all-time high of $5.88 by May 2021. This was then followed by a massive crash bringing the token's value to just $1.33 by the end of the same month.
This continued to go on a bearish trend for the remaining year barring a couple of spikes every now and then. By December 2021, Swipe (SXP) Token reached a new low, meaning it needed an external boost to bounce back up. Fortunately, it again got this support from its parent company Binance announcing it will now purchase all the remaining shares of the Swipe protocol.
This boosted Swipe (SXP) Token's prices, enabling it to surge by about 60%. While this was a significant development, it was certain this would be a short-lived victory for the token. Things again started to take shape for the worst with the entry of 2022.
Swipe (SXP) Token continued its bearish trend that was prevalent since its ICO in 2020. By the time it reached May 2022, the token had hit a new low, setting a new all-time low record of just $0.29. There have been a couple of ups since then, and the prices are showing good signs of recovery. As of August 2022, the token is priced at $4.362, with a market cap of $214,660,786 and a 24-hour trading volume of $24,842,157. There is currently 492,943,407.03 Swipe (SXP) Tokens circulating in the market, which further helps mitigate or prevent further deterioration in the token's value.
SXP Token Price Forecasts
With so many cryptocurrencies available in the market, choosing the right one can be an overwhelming experience for anyone. Besides that, the volatile nature of the crypto market does not make things any easier. One easy way to navigate through this complexity is by checking out the forecasts made by experts.
2022 has not been a great year for the crypto market, which is no secret today. Of course, this adversely affected Swipe's (SXP) Token value, resulting in a significant fall in its market value. But the good news is that the Swipe (SXP) Token shows great signs of recovery, so things will likely change for the better soon. Let's check out the technical and fundamental analysis of the Swipe (SXP) Token.
Swipe (SXP) Token has been one of the most performant cryptos in the market. The credit for this amazing performance certainly goes to Binance's acquisition of the Swipe protocol. But this only accounted for a couple of notable spikes in Swipe (SXP) Token's value, while the other times were more or less bearish for the token. The token lost its value quickly when investors did not get the expected returns. Things remained more or less bearish, only to worsen further in 2022. As of August 2022, Swipe (SXP) Token is valued at $0.4343 with a market cap of $214,105,528 and a circulating supply of 492,943,407.03 Swipe (SXP) Tokens. These figures should not discourage anyone because the token is showing great signs of recovery even now. There is a 1.32% increase in the token's market cap as of August 2022.
Fundamentals are very important parts of any token in the crypto market. This makes fundamental analysis very important for traders and investors as it helps them get an idea of the future performance of a token. The token comes with robust fundamentals to ensure stability regarding the Swipe (SXP) Token.
Swipe (SXP) Token is the native token of the Swipe protocol, and the protocol is now helping many major DEX facilitate seamless transactions. Some of the most notable exchanges include major names such as Binance and FTX crypto exchanges. This ensures the token will become even more performant with each passing year.
Note: Volatility and the crypto market go hand in hand. Hence there is no perfect way to make accurate predictions about any token. Even those mentioned above technical and fundamental analyses result from thorough calculations with many variables. So one can never know if any of the variables will change or not in the future. Thus, it becomes essential for traders and investors to carry out their research and due diligence before investing in any crypto.
With a better understanding of the technical and fundamental stand of the Swipe (SXP) Token, it is time to dive into further smaller details. The following section will walk you through Swipe (SXP) Token price predictions for each year. This means peeking into the predictions made by experts and getting an idea of what the future holds for the Swipe (SXP) Token.
SXP Token Price Predictions
Swipe Token Price Prediction For 2022 | Potential ROI: -22%
Swipe (SXP) Token began 2022 with a slight spike taking the token's value to $2.31 at the start of January 2022. But the rally soon followed suit, taking the token's value to $1.13 by the end of January. The value reached below the $1 mark by May 2022, ending at $0.93 on the 6th of May 2022.
The downtrend continued until the token's value reached $0.4343 by the start of August 2022. The token's market cap also increased by 1.82% in August, taking the refreshed figure to $214,943,889. The token shows many signs of recovery now.
According to experts from TradingBeast, the Swipe (SXP) Token prices will go up by the end of 2022, with predictions suggesting the prices will reach $0.554796. But not everyone is optimistic about Swipe (SXP) Token this year, as experts from PricePrediction.net are predicting a further downfall taking the price to $0.11154. Experts from WalletInvestor are of a similar opinion suggesting the prices will go down to $0.33891 by the end of 2022.
Swipe Token Price Prediction For 2023 | Potential ROI: 8%
Experts from TradingBeast are still optimistic about Swipe (SXP) Token's performance in 2023. Their forecasts suggest the prices will go up, reaching $0.581589 by the end of 2023. Even experts from PricePrediction.net are highly optimistic about the token's performance, with their forecasts citing a price of $0.71643 by the end of 2023. Contradicting all these predictions are experts from WalletInvestor as they predict a further downfall to take the prices to $0.0858 by December 2023.
Swipe Token Price Prediction For 2024 | Potential ROI: 50%
By 2024, every expert believes that things will get much better for the Swipe (SXP) Token. TradingBeast's experts predict the prices to reach $0.766628 by the end of 2024. Even experts from PricePrediction.net seem more or less optimistic about the token's prices, suggesting it will be somewhere around $0.60918 by the end of 2024. WalletIhnvertor analysts also expect an increase in the token's value to $0.5577 by December 2024.
Swipe Token Price Prediction For 2025 | Potential ROI: 65%
Even 2025 will likely be a great year for traders and investors holding the Swipe (SXP) Token. Experts from TradingBeast are predicting an increase to take the token's value to $0.54912 by 2025. Similarly, experts from PricePrediction.net are of a similarly optimistic view, with their predictions indicating an increase to take prices to $0.897332. Analysts from Wallet Investor are indicating the prices to increase further and reach a valuation of $0.68211 by the end of 2025.
Swipe Token Price Prediction For 2030 | Potential ROI: 85%
Token experts have two different views regarding the long-term price prediction of Swipe (SXP). On the one hand, experts from PricePrediction.net suggest a downfall is on the way, which will take the token's value to $0.03003 by the decade's end. On the other hand, experts from TradingBeast are optimistic, suggesting the prices will reach $1.516492 by the end of 2030. Experts from WalletInvestor are a little less optimistic with their predictions suggesting the prices will eventually reach $0.84084 by the end of this decade.
To give you a better idea, here’s an overview of the different price suggestions from experts from TradingBeast, PricePrediction.net, and WalletInvestor.
Swipe Swap: What Is It About?
Since decentralized exchanges (DEX) are taking over the crypto world, even Swipe is here for its share of the pie. Swipe Swap is a simple decentralized platform that facilitates seamless peer-to-peer cryptos exchange. This eliminates the need for a centralized exchange such as Binance or Coinbase.
This mechanism eliminates the need for any intermediary, keeping in line with the truly decentralized nature of crypto. Users can leverage the liquidity pools to make transactions of the Swipe Swap DEX. the more liquidity you add to the market, the better returns you generate with your Swipe (SXP) Token holdings.
The platform is still in its beta mode, but this has not stopped it from benefiting from an exuberant trading volume of $212.12 million. But the platform still has a long way to go in competing with existing players such as Pancake Swap and UniSwap.
Is It Worth Investing in Swipe (SXP) Token?
The volatile nature of the crypto market makes it very challenging to predict the future of a token. But thanks to the educated guesswork by experts, we can still get an idea of what to expect from the token's future. Given the previous predictions, it is safe to say that investing in Swipe (SXP) Token for the long term might not be a very good idea after all.
But unfortunately, even these predictions do not guarantee anything, especially with so many variables at play. The best thing to do here is to conduct your research and due diligence to understand better what the future holds for the Swipe (SXP) Token. Evaluating the current state of the crypto market will make it much easier to make a wise investment decision.
This entire article gives you a complete view of the Swipe (SXP) Token and the Swipe protocol. There is information about the past, present, and future of the Swipe (SXP) Token. So make sure you use this information and consider it when making your investment decision. But that does not mean you do not need to conduct your research and due diligence before investing in this token. Always do the relevant research and get a detailed understanding of the market before investing in it. This information is only meant to serve as a reference point and nothing more or less than that.
Will Swipe (SXP) Token soon breach the $10 mark?
Given all the predictions and forecasts made by experts, it is not likely that Swipe (SXP) Token will soon breach the $10 mark. The token's prices might manage to breach $1 by the end of this decade. Yet things can always change in the crypto market, so you should keep yourself informed.
Where can I buy Swipe (SXP) Token?
One must not forget that Binance is the parent company of Swipe protocol. Hence the first platform where you can buy Swipe (SXP) Token is Binance. But besides that, many other major crypto exchanges allow one to buy and sell Swipe (SXP) Tokens.
Who owns Swipe protocol?
A - Binance is currently the most significant owner of the Swipe protocol using it to support their crypto card transactions. The crypto giant first purchased shares on the network in 2020 and later in 2021 when it finally purchased all the shares in Swipe. As of now, the sole ownership of Swipe lies in Binance's hands.
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