- Bullish SRM price prediction ranges from $0.967 to $3.993.
- SRM price might also reach $4 this 2022.
- SRM’s bearish market price prediction for 2022 is $0.66.
The serum is an open-sourced decentralized exchange that enables transactions on decentralized (DEFI) projects to be fast, cheap and efficient. Its native token is denoted as SRM.
Serum investors are bullish on the token since it has had a return on investment (ROI) of over 615% in the past two years. The crypto bub of 2021 led to an increase in the price of SRM to its present all-time high (ATH) of $13.72, attained in September 2021. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, SRM investors are confident that the future of SRM is bullish.
If you are interested in the future of serum (SRM) and want to know the price analysis and prediction of SRM for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.
What is Serum (SRM)?
The serum is an open-sourced decentralized exchange that enables transactions on decentralized (DEFI) projects to be fast, cheap and efficient. Its native token is denoted as SRM.
The serum is multi-chained and is present in Ethereum blockchain, Binance Smart Chain, Solana blockchain and Terra blockchain. It was launched in August 2020 and was listed on a centralized exchange at $0.11 per. Serum came into existence through the partnership of Alameda Research, Solana Foundation and FTX Exchange.
At the moment, Serum is the most successful decentralized exchange built on the Solana blockchain. It ensures that trading on DEFI tokens is executed at a very high speed and low cost, unlike the scalable challenge and high price paid in gas fees on the Ethereum blockchain.
Some features of Serum decentralized exchange include a 60% discount for users that pay transaction fees with SRM tokens. 100% of the cost generated on salvage is used to reward users for staking, buybacks, burning and ecosystem grants. Transactions can be completed at view fees of about $0.00001 and 65,000 transactions per second (TPS). The serum has a block time of 400 ms.
The order books on Serum decentralized exchange have the same features as that of a centralized business, including fully on-chain transactions, entirely limit-based, and the ability to fix order size, price and direction.
Serum (SRM) Current Market Status
The maximum supply of Serum (SRM) is 10,161,000,000 SRM, while its circulating supply is 263,244,669 SRM, according to CoinMarketCap. At the time of writing, SRM is trading for $0.8018, representing 24 hours increase of10.82%. The trading volume of SRM in the past 24 hours is $25.09 million, representing a 3.43% increase.
Some top cryptocurrency exchanges for trading Serum (SRM) are Binance, Kucoin, Huobi Global, Gate.io, FTX and others.
Now that you know what SRM is and its current market status, we shall discuss the price analysis of Serum (SRM) for 2022.
Serum (SRM) Price Analysis 2022
Currently, SRM is ranked in the 132nd position on CoinMarketCap. Will developments and upgrades within the Serum community increase the price of Serum (SRM)? We shall see in this CoinEdition price analysis 2022 article.
Serum (SRM) Price Analysis- Keltner Channel
Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Serum (SRM), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the increase in the price of SRM might be sustained before any reversal would be expected.
Serum (SRM) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Serum (SRM) 1day chart of SRM/USDT is at 45.83. This shows that SRM is showing a neutral trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.
Serum (SRM) Price Analysis – Moving Averages
The chart above shows the 1Day chart of SRM 200-day and 100-day Moving Average (MA). As indicated in the recent uptrend, SRM is on a bullish trend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Serum (SRM) might experience a significant rise or fall in the future.
Serum (SRM) Price Prediction 2022
By looking at the daily chart of SRM/USDT, SRM price was swinging from $1.367 resistance2 to $0.967 resistance1 after touching the support level at $0.66. It reversed from the support level of $0.66 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term SRM price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect SRM to reach $4 in 2022.
Serum (SRM) Price Prediction – Resistance and Support Levels
This bullish chart shows that the price of SRM has decreased by 6% in the past 30 days. If this price decrease reverses, SRM could break the $0.967 resistance1 level and move higher to $3.993 at the resistance6 level and even higher, the bullish signal for 2022.
However, if sellers have their way, the price might be dethroned from its present uptrend position. In simpler terms, SRM might trend below the $0.66 support level and even lower in 2022, a bearish signal.
Serum (SRM) Price Prediction 2023
If the value of the relative strength index (RSI) of SRM is at least 55 by the end of 2022, the bulls and investors are in change. This could spill over into the first half of 2023, which could make the price of Serum (SRM) trade around $8 by the end of 2023.
Serum (SRM) Price Prediction 2024
The positive sentiment that comes with the news of Bitcoin halving could directly impact the price of SRM. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the price of SRM trade at $16 by the end of 2024.
Serum (SRM) Price Prediction 2025
By the end of 2025, the price of Serum (SRM) could rise to $32. This is because of the price surge a year after Bitcoin halved. Also, considering that more non-fungible tokens (NFTs) and DEFI projects are launched on the Solana blockchain, the Serum project could be in high demand soon.
Serum (SRM) Price Prediction 2026
With the number of SRM hodlers on the increase and the growing sentiment about cryptocurrencies, SRM has the possibility of holding most of its recent gains and consolidating. Hence, the price of SRM could trade around $64 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.
Serum (SRM) Price Prediction 2027
By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of SRM could surge to $100 by the end of 2027.
Serum (SRM) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain higher high-value Serum (SRM) and hit $150 by the end of 2028.
Serum (SRM) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halving, could surge the price of SRM to $400 by the end of 2029.
Serum (SRM) Price Prediction 2030
The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Serum (SRM) to trade at around $500 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
Conclusion
As said above, SRM might reach $4 in 2022 and $500 by 2030 if investors have decided that SRM is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
The serum is an open-sourced decentralized exchange that enables transactions on decentralized finance (DEFI) projects to be fast, cheap, and efficient. Its native token is denoted as SRM. The serum is multi-chained and is present in Ethereum blockchain, Binance Smart Chain, Solana blockchain, and Terra blockchain.
Like other cryptocurrencies, Serum (SRM) can be traded in cryptocurrency exchanges like FTX, Binance, Huobi Global, Kucoin, Gate.io, and others.
SRM has a low possibility of surpassing its present all-time high (ATH) price of $13.72 in 2022. However, due to the positive sentiments of its investors, this could be reached by 2024.
SRM is one of the few cryptocurrencies that has retained its bullish momentum in the past two years. If this momentum is maintained, SRM might reach $4 soon after its breaks the $3.993 psychological resistance.
SRM has been one of the most suitable investments in the crypto space in the past two years. Its return on investment of over 615% makes it one of the assets to keep on the watch list and hodl for the future.
SRM has a current all-time low price of $0.11.
Serum was founded by a collaboration of FTX Exchange, Solana Foundation and Alameda Research.
SRM has a maximum supply of 10.161 billion SRM.
It was launched in 2020.
SRM can be stored in private wallets and cold and hot wallets of centralized exchanges.
SRM price is expected to reach $8 by 2023.
SRM price is expected to reach $16 by 2024.
SRM price is expected to reach $32 by 2025.
SRM price is expected to reach $64 by 2026.
SRM price is expected to reach $100 by 2027.
SRM price is expected to reach $150 by 2028.
SRM price is expected to reach $400 by 2029.
SRM price is expected to reach $500 by 2030.
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.
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