Serum Price Prediction 2023-2031: Is SRM a Good Investment?
Serum Price Prediction 2023-2031
- Serum Price Prediction 2023 – up to $0.28
- Serum Price Prediction 2025 – up to $0.63
- Serum Price Prediction 2028 -up to $2.02
- Serum Price Prediction 2031 – up to $6.13
Undoubtedly, the crypto world is growing unpredictably, with several projects springing up now and then. Interests in new projects have continued to skyrocket as they offer investors more returns on investment. Serum is one such project that offers earning potential and significant use cases for now and the future.
Unfortunately, Serum is dependent on FTX, the network was affected by the chaos. As upgrade authority is held by FTX, security is in jeopardy, leading to protocols like @JupiterExchange and @RaydiumProtocol moving away from Serum.
Despite the fears, take a look at Serum markets:
Serum joined forces with Burnt Finance in April to launch a debut NFT collection and celebrate the release of the Burnt Finance Ignition Launchpad. The Ignition Launchpad is a no-code platform that lets users mint and sell generative NFT collections by simply uploading layers, traits, and rarities without transaction or listing fees.
The launch of the NFT Ecosystem is an important step in Serum’s mission to make crypto more accessible and fun for everyone.
Today’s Serum price today is $0.158601 with a 24-hour trading volume of $11,379,657. Serum is down 5.29% in the last 24 hours. The current CoinMarketCap ranking is #360, with a live market cap of $41,750,897. It has a circulating supply of 263,244,669 SRM coins and a max. supply of 10,161,000,000 SRM coins.
Price is suppressed by high inflation (1b new tokens a year) and there is not enough demand for Serum to keep pace with inflation as you only really need to hold SRM if you are running a DEX which is using the order book.
This guide will examine the fundamentals of the Serum protocol, its native token, key features, historical price analysis, and developments. We will also delve into Serum price prediction for 2022 and beyond.
Also Read: Serum price analysis: SRM shoots past $1 as bulls gain 8.5 percent overnight
What is Serum?
Serum is a decentralized exchange (DEX) that provides decentralized financing with high speed and cheap transaction fees (DeFi). The Network is the first and only high-performance DEX built on a completely on-chain central limit order book and matching engine. Ecosystem partners may use Serum’s on-chain order book to distribute liquidity and fuel their trading functionalities for institutional and retail customers.
Users and developers are constrained by high gas prices and delayed transactions due to the popularity of DeFi and the expansion of DEXes on Ethereum. Serum intends to address these conventional DeFi difficulties and centralization, inadequate capital efficiency, and liquidity segmentation.
The Serum token (SRM) offers its holders’ protocol governance privileges, staking incentives, trading fee reductions, and fee revenues.
This open-source project is backed by the Serum Foundation and co-founded by FTX CEO and Solana contributor Sam Bankman–Fried. The Serum protocol was launched in July 2020 and is poised to unveil trustless cross-chain trading.
The platform’s primary aim is to bring the convenience and speed of centralized crypto exchanges to Decentralized Finance(DeFi) space without compromising transparency and security. It is entirely permissionless, built on the high-performing Solana blockchain, and interoperable with the Ethereum blockchain.
Serum Native Token
The governance token of the Serum protocol is $SRM, and it is built natively as an SPL token on the Solana mainnet, although with an ERC-20 version on the ETH blockchain. While most of the features of the Serum protocol are perceived as immutable, parameters like future fees may be subject to change via $SRM token governance votes.
$SRM has a maximum supply of 10 billion tokens, of which approximately 10% was circulated at launch. The circulating supply of $SRM is set to increase by 15% every year. In addition, 90% of the total SRM tokens are intended for long-term lock-ups or hold to ensure the longevity of the Serum project. They are locking up 1 million SRM tokens for users as MegaSerum (MSRM) tokens.
$SRM can be used as network fees or staked to earn rewards. Serum (SRM) token holders can get up to 50% discount on trading fees, while MSRM holders can earn up to 60% discount. All trading fees from Serum’s Decentralized Exchange will be vested into the $SRM burn and buyback program.
The distribution of SRM is projected as follows:
- 27% – Collaborator and Partner Fund
- 20% – Advisors and Team
- 27% – Incentive Fund for the Serum Ecosystem
- 4% – Auction Purchasers and Locked Seed
- 22% – Project Contributors
Serum Key Features
Project Serum will create a permissioned order book that will limit trading to parties that have passed know-your-customer (KYC) requirements, the developer known as JHL told Australian Blockchain Week on 23 March 2022.
So if a big institutional trading firm wants to get on Serum, but they’re concerned that they only want to trade against counterparties that have a certain level of compliance or KYC, they can trade on this permissioned order book
JHL
Unlike most Ethereum-based decentralized exchanges, Serum leverages the high performance of Solana to offer users a traditional order book. But users don’t trade directly on Serum – it’s just a contract that sits on the Solana blockchain.
- Cross-Chain Swaps
The current DeFi landscape raises interoperability concerns, with users struggling to execute cross-chain token swaps. The Serum protocol offers cross-chain support, thereby securely facilitating decentralized, trustless, and efficient transactions between different chains. For instance, users can directly and seamlessly trade assets between Solana, BTC, and ERC-20. The chain interoperability feature of the Serum protocol also means that existing DeFi projects can access its features regardless of their base blockchain. Despite being built natively on Solana, Serum can be entirely usable from Ethereum.
- Automated On-Chain Order Book
Serum offers an automated limit order book that grants users the ability to take control of their trading by specifying order price sizes and choosing trade direction. The order books offered by the Serum protocol are implementable between tokens due to the project’s cross-chain support. Also, Serum’s on-chain order books are wholly programmatic and feature BTC and ETH order books. The Serum protocol supersedes other DEXs because it includes significant optimizations that facilitate cheaper and faster order matching, even between 3rd-party users.
- SRM Token
$SRM is the native token of the Serum protocol, and it can be staked to optimize the network’s performance.
- Solana Integration
Compared to previous blockchains iterations, Solana is substantially faster and less expensive. Integrating Solana with Serum provides the latter with speed, lower costs, and a user experience similar to centralized exchanges while remaining non-custodial and trustless. Also, the Solana integration elevates Serum’s ETH interoperability.
Order books work out of the box, not just for spot markets but all these kinds of exotic derivatives as well. You don’t need to change the underlying mechanics needed for the order book to support these.”
- Custom Contracts
The Serum protocol allows users to initiate custom crypto contracts and execute P2P leveraged trading on the fully decentralized and non-custodial Serum DEX assets. These contracts include cross-chain physically settled contracts. They can be tokenized and moved across the blockchain.
- SerumBTC
The Serum ecosystem allows users to create a permissionless and truly decentralized BTC token on the Solana and Ethereum blockchain.
- SerumUSD
SerumUSD is a decentralized stablecoin on the Serum protocol, and it offers a model for establishing a decentralized stablecoin with no failure point.
Serum Development 2022 and beyond
Serum has completed its phase 1&2 deployments, and phase 3 promises several features, collaborations, and integrations that could revolutionize the Solana-based protocol, giving it, even more use cases. Some of the developments expected in 2022 include:
- Borrow/lending
- Yield
- More cross-chain bridges
- Projects building on Serum
- AMMs
- Margin trading / contracts
- Tokens and exchanges natively supporting SPL
- Volume and TVL growth
With the completion of phase 3, Serum could gain massive adoption, and its native token may experience significant upsides.
Past Price Analysis of SERUM
Following the completion of the protocol’s phase one deployment, which included issuing both ERC-20 and SPL SRM tokens, listing on major crypto exchanges, and the roll-out of its on-chain DEX, $SRM kicked off on August 11, 2020, with an opening price of $0.1101 (current ATL) and a trading volume of $211,232,756. Over the coming days, SRM went on a bullish run and reached $3.78 on September 1, 2020. The uptrend reversed during the month, and by the end of October 2020, SRM had bottomed at $0.974. SRM closed out the year at $1.04, with a market cap of $52,001,293.
At the turn of the new year, SRM trended with the cryptocurrency market boom of 2021 that saw mainstream assets like BTC and ETH attain new heights. On February 10, $SRM exceeded its previous high and attained a new high of $4.42. The bullish run continued for the next few months, and by May 03, 2021, SRM’s price had gained over 190% to reach $12.89. The bears soon took over, but the token regained momentum to attain its all-time high at $13.72 on September 11. Also, its 24-hour trading volume peaked at $2,347,324,861.
SRM ended 2021 with a significant price drop of over 73% after a massive selling spree. Trading volume also dipped to as low as $76,463,705. The token started in 2022 at $3.42, and its price range has been relatively stable, between $2 to $4.
Serum Price Analysis
Serum current trading price is $1.04 with a 24-hour trading volume of $40,915,867.34. The price of SRM has increased by 0.95 percent in the last 24 hours. The 24-hour price movement chart indicates that $18,077,872 worth of SRM were trading. The price peaked to $1.04 in the last 24 hours while the lowest was $0.997.
SRM is currently trading above its 50-day moving average of $0.97 and below its 200-day moving average of $1.12. The next support for the coin is at $0.91 and the next resistance is at $1.22.Its market capitalization is $274.318 million USD, as of this writing, placing it at #121 on CoinMarketCap’s list. It has a circulating supply of 263,244,669 SRM coins and a maximum supply of 10,161,000,000 SRM coins.
Serum Latest Developments
Atrix Protocol Devnet Launch
Atrix is an Automated Market Maker (AMM) built on Solana that uses Serum’s order book to allow for permissionless liquidity pools and farm creation. In August, the Atrix team is celebrating the release of their Devnet launch. The permissionless interface allows users to swap, add liquidity directly on Serum, and easily create liquidity mining farms.
SRM listed on BitMEX!
The SRMUSDT Perpetual Swap contract went live at 04:00 UTC on 24 August and is now available to trade on BitMEX. Market traders post margin in XBT and earn or lose XBT as the SRM/USDT rate changes.
Symmetry Serum
In August, Symmetry became the default swap for the Serum Decentralized Exchange. The Symmetry team had worked tirelessly to deliver the product over the past few months.
Serum Price Prediction 2023-2031
Serum Price Prediction 2023-up to $0.28
Serum Price Prediction 2025 up to $0.63
Serum Price Prediction 2028-up to $2.02
Serum Price Prediction 2031-up to $6.13
Serum Price Predictions Analysis
Serum price movement in the last 30 days shows a massive price drop of over 30 percent, and the current price stands at $0.1595 per token. Serum started declining continuously after attaining a monthly peak of $0.3086
The MACD indicator also exhibits bearish momentum as the 12-day EMA is currently trading below the 26-day EMA with a wide gap between them. This indicates that there is more downside pressure on Serum in the coming days.
RSI has also entered oversold territory, as the RSI line is residing at 3.3, showing further weakness in the short term.
The moving Average of the Convergence Divergence (MACD) line suggests a bearish trend for Serum as the 12-day EMA is trading below 26-day EMA and both are trending lower. This indicates that there could be more downside pressure on the current price in the coming days.
The SMA (20) line is below the SMA (50) line, indicating that there could be more downside pressure on the token. The current movement by the oscillators indicates that the price could further dip and reach a new low for the last 30 days.
The key support area for Serum is at $0.1450, and if the price breaks below this level, then we could expect further downside pressure in the coming days.The Relative Strength Index indicator is headed downwards,suggesting the bears are looking to push the prices further downwards.
The Bollinger Bands are indicating a bearish trend as both bands have started converging with each other. This suggests that there is no significant volatility in the market currently and the price could remain range-bound in the coming days.
Overall, the technical analysis of Serum suggests that there could be more downside pressure on the current price in the near term, and investors should exercise caution before investing their funds into this asset.
Serum Price Predictions by Cryptopolitan
Based on Serum’s past performance in 2022, it is likely to continue trading in the current range of $0.1539 and $0.1685.In the recent few weeks, the market has made minor changes, with most of the cryptocurrencies trading in a downward trend. However, Serum has managed to remain relatively stable, with its price rising modestly and remaining within the range mentioned above.
As a result, we can expect Serum prices to remain in this range until another trigger event occurs, such as a new partnership announcement or a surge in trading volume. We expect the prices to start surging as per our predictions for 2023 and beyond.
Serum Price Prediction 2023
According to our current Serum price prediction, Serum is expected to surge in price in 2023 and potentially reach a maximum price of $0.28.The average price forecast for 2023 is $0.25 while the minimum price is expected to be $0.24.
Serum Price Prediction 2024
According to the Serum price forecast for 2024, a maximum price target of $0.42 and an average trading price of $0.38 is expected. The minimum forecast is expected to be around $0.37.
Serum Price Prediction 2025
For the year 2025, our Serum price forecast suggests that a maximum price target of $0.63 and an average trading price of $0.53 is expected. The minimum forecast is expected to be around $0.51.
Serum Price Prediction 2026
According to the Serum price forecast for 2026, SRM price might potentially surge to a maximum price of $0.90.Serum coin is expected to trade at an average price of $0.79 and a minimum value of $0.77.
Serum Price Prediction 2027
Our SRM price prediction for 2027 is Serum price to reach the lowest possible level of $1.15. As per our findings, the SRM price could reach the maximum possible level of $1.32 with the average forecast price of $1.19.
Serum Price Prediction 2028
According to the Serum price forecast for 2028, the SRM coin is expected to continue on a bullish sentiment and reach the maximum price of $2.02. The average predicted price is expected to be around $1.77 while the minimum forecasted value is likely to be $1.71.
Serum Price Prediction 2029
According to our Serum SRM price prediction for 2029, Serum is expected to continue surging in price and reach a maximum price of $3.00.The average forecasted value is around $2.60 and the minimum value is expected to be $2.53.
Serum Price Prediction 2030
According to our Serum SRM price prediction for 2030, a maximum value of $4.39 and a minimum trading price of $3.53 is expected to be achieved. The average price forecast is expected to be $3.53.
Serum Price Prediction 2031
According to our Serum SRM price prediction for 2031, a maximum value of $6.13 and an average forecasted trading value of $5.18 is expected to be achieved. The minimum prediction is likely to be around $5.00.
Serum Price Prediction by Wallet Investor
Wallet Investor’s serum forecast a bearish outlook for SRM in the short term. The forecast suggests that its price will go down to $0.0688 by November 2023. It also expects SRM to stagnate at this level by June 2024 and could continue declining in the long-term.
Serum Price Prediction by Price Prediction net
Meanwhile, PricePrediction offers a serum crypto price prediction that argued SRM could have reached $0.44 this year, $0.64 next year and $0.92 the year after that. By 2025, the site suggests, serum could have been worth $1.27, and could go up to $1.89 in 2026, $2.85 in 2027 and $4.14 in 2028. PricePrediction suggests that SRM could have closed the decade trading at a $5.67. The site’s serum price prediction for 2030 set out it could have increased to $8.40 and potentially climb to $12.09 in 2031.
Serum Price Prediction by CoinArbitrageBot
CoinArbitrageBot is incredibly bullish at the time of writing with its serum price prediction for 2023 – and it has suggested Serum cryptocurrency could rise to $1.78. By 2024, the token might trade at a maximum value of $3.17 anda minimum price of $5.13 in 2025. The SRM price is then expected to approach $8.30 in 2026.
Serum Price Prediction by Market Experts
Things have been downhill for SRM in 2022, much like they have done with the crypto market as a whole. The token experienced peaks and troughs in the first few months of the year but, following the de-pegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency, serum plunged to $0.9794 on 12 May. The collapse of FTX and the news of the enforced fork saw SRM down to just $0.171 early on 14 November 2022, before it recovered to around $0.245 whereby it is trading around these levels.
The market experts however remain bullish on SRM and predict that its price will start to see an uptrend soon. According to ”Crypto Vault’‘, the token is likely to be trading around $1.30 by early 2023, with a possible peak of up to $2.50 later in the year. The experts cite various factors such as the rising demand for decentralized exchanges and has given a technical analysis whereby he expects Serum to surge by over 500x in the next 5 years.
Conclusion
The Serum protocol is a hybrid of decentralized and traditional finance, leveraging the strengths of each. Based on the Solana blockchain system, it offers cheap and fast transactions compared to its counterparts. The Serum order book is a significant selling point owing to its high liquidity and ability to accommodate complex orders like derivatives and future contracts. Serum has also partnered with big players in the blockchain space.
The crypto has, however, been on a bearish trend this year and is reportedly the second-largest holding of the now troubled three arrows capital. The firm is facing insolvency following several liquidations of its holdings.
Serum is currently selling at a discount, but we expect the crypto to begin recovering in 2023. Holding the Serum token (SRM) over an extended period could be an excellent investment, given the Serum’s predictions, features, and enormous prospects. However, these forecasts are not always the most significant aspect of purchasing.
Various factors influence investment decisions, including fundamental & technical analysis and other market variables. Ultimately, it’s an excellent option to do your research and not rely solely on price forecasts to establish your opinion.
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