Hifi Finance Price Prediction 2023-2030: Will HIFI Reach $10 Soon?

• Bullish HIFI price prediction ranges from $2.578 to $2.778.
• HIFI price might also reach $3 this 2023.
• HIFI’s bearish market price prediction for 2023 is $0.249.

What is Hifi Finance (HIFI) ?

Hifi describes it as a decentralized finance protocol that allows people to lend and borrow crypto at a fixed interest rate. According to CoinMarketCap, Hifi consists of decentralized interest rate markets, maturing on specific dates. Moreover, this decentralized finance protocol utilizes the Automated Market Maker model which users supply tokens to liquidity pools and an algorithm sets the interest rate based on supply and demand.

Furthermore, HIFI, an ERC20 token, is used for governance and various other benefits within the platform. Through the Hifi governance, token holders could take part in decision-making by voting and proposing changes. The voting rights would be automatically adjusted according to the owner’s token balance.

Hifi Finance (HIFI) Market Overview

Hifi Finance (HIFI) Current Market Status

HIFI is already ranked in the 178 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of the HIFI platform’s native token is 95,012,805 HIFI, while its total supply is 117,929,473 HIFI. 

Moreover, HIFI is priced at $1.14, experiencing a 46.68%  in one day. With a market cap of $107,889,291, HIFI also experienced a 123.76% surge in seven days. Moreover, the trading volume is valued at $476,986,139, after experiencing a rise of 102.25% in one day, indicating that the demand for this token is rising.

Hifi Finance Price Analysis 2023

Will HIFI’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the digital asset industry affect HIFI’s sentiment over time? Read more to find out about HIFI’s 2023 price analysis.

Hifi Finance Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

The candlesticks broke through the upper band of the Bollinger bands and continued to move upward during its double-digit surge. The candlesticks could soon face a price correction after it experienced immense surge which could have been caused by the huge number of buyers entering the market. There is a high likelihood that the traders may sell soon to take advantage of this massive surge.

Hifi Finance Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

The massive surge HIFI experienced drove the RSI into the overbought region. Currently, the RSI is valued at 92.72 which is the extreme level of the RSI indicator. There may be a chance that the RSI will drop soon due to its effect on the current position. If the price correction happens, then, the RSI could fall below the 70 value. 

Hifi Finance Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data.

The candlesticks is moving upwards and the red bars continue to form on the MACD indicator. Moreover, after the bullish crossover, the MACD line and signal line continue to move upwards while increasing the distance between themselves. However, similar to the sudden surge, sellers could take advantage of this situation and influence the HIFI to fall in a bearish sentiment soon.

Hifi Finance Price Prediction 2023-2030 Market Overview

Hifi Finance Price Prediction 2023

The candlesticks crossed various resistance levels with its surge. There may be a chance a pullback may happen soon. The pullback could push HIFI below the $1 mark, hence falling below its previous resistance level. There is a chance that once HIFI reaches 0.4615 then it could further fall below it. Finally, In order to maintain the current support level, HIFI needs to make significant price action at its current position. 

Meanwhile, the forecast for HIFI remains to be bullish and is expected to reach beyond the level of $2.5. The bearish price prediction for HIFI ranges from $0.249 to $0.135. However, on the off chance, that HIFI experiences an extremely bullish sentiment again, there is a high possibility that it trade beyond the level of $3.

Hifi Finance Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. HIFI could also be affected by Bitcoin halving and could trade beyond the price of $5.88 by the end of 2024.

Hifi Finance Price Prediction 2025

HIFI could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, HIFI will continue to rise in 2025 forming new resistance levels. It is expected that HIFI would trade beyond the $7.90 level.

Hifi Finance Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. Moreover, when HIFI remains in the oversold region, there could be a price correction soon. HIFI, by the end of 2026, could be trading beyond the $8.34 resistance level after experiencing the price correction.

Hifi Finance Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. HIFI is expected to rise after its slumber in the bear season. Moreover, HIFI could even break more resistance levels as it continues to recover from the bearish run. Therefore, HIFI is expected to trade at $9.44 by the end of 2027.

Hifi Finance Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, HIFI will continue to form new higher highs and is expected to move in an upward trajectory. Hence, HIFI would be trading at $11.08 after experiencing a massive surge by the end of 2028.

Hifi Finance Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, HIFI could be trading at $13.26 by the end of 2029.

Hifi Finance Price Prediction 2030

After witnessing a bullish run in the market, HIFI and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, HIFI could be trading at $15.92.

Hifi Finance Price Prediction 2040

The long-term forecast for HIFI indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, HIFI may face a slight fall before starting its upward journey once again. It is expected that the average price of HIFI could reach $28.92 by 2040.

Hifi Finance Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, HIFI could surpass the resistance level of $47.21.  

Conclusion

HIFI has been part of the watch-out list for many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in HIFI and add these tokens to their portfolio, then, it could continue to rise up. HIFI’s bullish price prediction shows that it could pass beyond the $2.578 level. Moreover, HIFI could surpass the $47.21 level by the end of 2050. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.