Here's Why Sweatcoin's SWEAT Token Could Hit $0.01. The SWEAT is certainly one of the most anticipated cryptocurrencies on the current market. With a solid and resolutely innovative project, namely the combination of blockchain and fitness applications. The enthusiasm of investors for its native token, the SWEAT, is such that one is entitled to wonder if its price can quickly reach $0.01.
An innovative crypto project.
Launched in 2015, the Sweatcoin project quickly became a staple. Among other things, it offers to reward users with points each time they exercise. These points can then be redeemed for various goods and services. The web app 3, Sweat Economy, was launched in April this year.
App users who received the rewards can then get one SWEATSHIRT per reward token.
More concretely, it will be possible to generate a SWEAT for every 10,000 steps taken. The developers have also announced that over time, the rewards can increase. Movement validators will have the role of confirming the number of steps required to receive the coins.
Multiple uses announced for the SWEATSHIRT.
As a reminder, the SWEAT is based on the Ethereum (ETH) and Near Protocol (NEAR) blockchains, which makes it more of a token than a coin. It may be assigned to various uses, especially for the collection of income from NFT resellers or for the purchase of said NFTs.
Tokens can also be used for subscriptions to premium Sweatcoin services. Added to this is the fact that the token is used for the collection of advertising fees.
The SWEAT crypto will also have its own crypto wallet, called the SWEAT wallet. And in the near future, SWEATS will also be able to be bought, sold, and traded on cryptocurrency exchanges.
Sweatcoin price history
Since its market launch on September 13, the performance of the SWEAT has been unmatched. This is also what makes the token's price predictions quite optimistic.
At launch, the SWEAT was priced at $0.05101. It then hit a high of $0.09257, before falling to close the day at $0.05629. The next day, the value of the token stood at $0.06845.
Even if it is not possible at this stage to precisely determine its price over the long term, we can read on Coinmarketcap that it displays a diluted market capitalization of $1,511,321,416 and a volume in 24 hours of 119,168,542. $ at the time of this writing.
It should also be noted that the cryptocurrency lite paper mentions that there is no cap on the total amount of SWEAT. As of this writing, the SWEAT is trading at a price of $0.07491.
Sweatcoin Price Predictions.
Many wonder if the SWEAT can quickly gain in value. Nevertheless, as with all other cryptocurrencies, it is not easy to predict a price for such a volatile asset. And most importantly, for a token that has just hit the market.
CoinArbitrageBot shared a sweatcoin price prediction for 2022. In it, he estimated the value of the token at $0.069619 as of September 15. The site then added that he would manage to stay in this area for 30 days.
In the medium term, CoinArbitrageBot announces a price of $0.059673 for sweatcoin. In the long term, he hopes for a recovery in the price and estimates that by 2023, the SWEAT could show a price of around $0.13. By 2025, the price could potentially reach $0.34.
We can therefore say that in the medium term, the Swaetcoin could easily reach and even exceed $0.01. Before you get started, though, remember to learn as much as you can about the project and follow social media such as Twitter to keep up to date with the progress of the crypto project and its native token.
READ MORE: Sweatcoin Review: Reliable Earning App?
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