BitDAO’s BIT token has shown a more than 100% rise today. Last day it was trading at $0.67 and suddenly it raised to $1.55. What is behind this sudden upward trend? Is this a bull trap? Is it a good time for investment with a long-term approach?
In this article, we have analyzed and compiled a long-term price prediction of BitDAO for you. We will cover the price prediction from 2024 to 2030, and we will also provide you with a buying guide. Let’s begin.
What is BitDAO?
BitDAO is not a company. It is the perfect example of a decentralized platform. It does not have any employees. There is no management team. Then, how does it work?
BitDAO works solely by the hard-working community. The community includes a bunch of builders and stakeholders. They hold BUT tokens, which are primarily used for decision-making and other governance tasks.
BitDAO protocol is one of the world’s newest and largest decentralized autonomous organizations. They attract developer talents and everyone can swap their tokens with any blockchain. BitDAO is a treasury with multiple coins and multiple talents. It is completely an open finance and a decentralized tokenized economy.
The BIT Token
BIT acts as BitDAO’s governance token. It can be used for delegated voting and off-chain vote aggregation. Here are some details:
Token Ticker | $BIT |
Contract Address | 0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5 (Ethereum) |
Total Supply | 10,000,000,000 BIT |
Market Cap | $2,681,431,760 |
Token Allocation
Category | Total Supply | Available at Launch | Cliff Period | Vesting Schedule After Cliff |
Private Sale | 5% | 0% | 3 months | Vested linearly over 12 months |
Launch Partner Rewards | 5% | 5% | N/A | N/A |
BitDAO Treasury | 30% | 10% | 3 months | Vested linearly over 12 months |
Bybit Flexible | 15% | 15% | N/A | N/A |
Bybit Locked | 45% | 0% | 12 months | Vested linearly over 24 months |
Historical Data
The token reached an all-time high of $3.64 on November 16, 2021. It was 3 years ago, at the time of the 2021 bull phase of the market. BIT was one of the few coins to show an incredible performance.
Now it is showing a 60% decline from the all-time high. However, the all-time low price was $0.2699, right in the middle of the bear market, on November 22, 2022. From that phase, now the coin has surged to 438.95%. That’s incredible.
BitDAO Price Prediction 2024
After today’s upward trend, BIT is now on the list of this year’s top promising coins. The price is predicted to rise by 200% soon. Let us get into a long-term prediction.
Price Prediction 2025, 2026, 2027, 2028,2029,2030
This prediction is based on a combination of advanced chart analysis and market sentiment. However, it is important to notice that the predictions may change because of the arbitrary nature of the crypto market.
Year | Yearly Low | High |
---|---|---|
2025 | $ 1.340307 | $ 6.21 |
2026 | $ 1.123511 | $ 3.50 |
2027 | $ 1.228504 | $ 2.48 |
2028 | $ 1.797963 | $ 4.20 |
2029 | $ 3.29 | $ 8.18 |
2030 | $ 3.24 | $ 5.26 |
Where To Buy BitDAO’s BIT Token?
The token is now available for trading in SushiSwap, Coinbase, Kraken, and ChangeNow. Because of the upgrade and other issues, the BitDAO ecosystem has been diversified into Mantle. So you can’t buy the tokens from their official site.
Is It A Good Investment Option?
If you are looking for short-term profit, then proceed with caution. It has already been up more than 100%, and we don’t know if more buyers will approach the token in the coming days.
But if you are looking to HODL the token with a long-term plan, the high probability is that you will get incredible rewards. If the coin’s price goes up like our prediction, then it is worth investing.
Be aware that this is not an investment advice. We are just going through the nature of the current upward trend, and trying to predict the future movements of the coins. The decision to invest is solely based on your insights.
When coming to the community backup and founding team, the crypto is promising. It is the true definition of decentralized finance. BitDAO has no founders. Yes, the project is maintained by a group of contributors holding BIT tokens. However, the project is supported by Peter Thiel from Founders Fund, Pantera, Dragonfly, Spartan, Bybit, and other major ventures.
Final Thoughts
If you are looking for a token to diversify your portfolio, it will be great if you invest a small amount in BIT tokens. The BitDAO project looks reassuring. Because of this sudden uptrend, probably more and more long-term holders are going to delve into the token.
Anyway, it is important to do your investigations before investing in crypto assets. Visit the official site of BitDAO and go through their docs to get an idea about the project. Read their whitepaper and blogs, and also visit their social media communities to get a clear picture. Thank you for reading, and good luck with your crypto journey.
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