Fideum is a blockchain platform that aims to help traditional financial institutions adopt decentralized finance. It offers both individual and enterprise solutions.
Fideum is powered by its utility coin cleverly named FI, a commonly used abbreviation for ‘financial institutions’.
In this article, I will tell you about this new platform and the market economics behind its native token FI.
Key Features of Fedeum
Fideum (FI) Tokenomics
FI came into existence in a token swap that offered users to swap the 400 million BBANK tokens in supply. In the first month, each BBANK token could be exchanged for 10 FI tokens. From the second month, the ratio changed to 1 BBANK token for 6 FI tokens. The swap functionality was disabled after 6 months.
FI has a total supply of 4 billion tokens, which is also equal to its maximum supply. All of the supply is already in circulation, making it deflationary.
Fideum (FI) Past Performance
At the moment, Fedeum is traded for $0.0146 which translates into a total market value of close to $60 million. The token has a 24-hour trading volume of over $1.09 million, down by 11% from yesterday. Let’s take a look at the historic trading prices of FI.
In January 2024, Fideum started trading at around $0.19. Toward the end of the month, the token briefly touched an all-time high of $0.22. It was followed by a steady correction into a lifetime low of $0.12.
FI has since shown signs of maturity, trading at around $0.15 ever since. With the charts most on the green areas, today has so far been a good day for Fideum investors.
Fideum (FI) Price Prediction 2024
Looking at the technical indicators, though Fedeum scores a good 72/100 in the Fear&Greed index, the current market sentiment is still bearish.
FI stayed in the green region for a mediocre 14 days in the past month at a price volatility close to 12.5%. Owing to the bearish sentiment, FI is expected to be down by around 2.5% in 2024.
Fideum (FI) Price Prediction 2025
After the upcoming halving of Bitcoin, Fideum is expected to gain steam in 2025. The token is expected to have a lower limit of $0.013 and an upper limit of $0.021. This will be a very good 41 percent return if the odds play out in the favor of the optimists.
Fideum (FI) Price Prediction 2030
In 2030, FI is expected to be traded between $0.036 and $0.068. Compared to today’s price, this will be equated to a whopping 367.33% market returns.
Where to Buy the Fideum token?
You can buy Fideum tokens from a centralized exchange (CEX) like Bilaxy or decentralized exchanges (DEX) like Uniswap V3 or Pancakeswap V3.
How to Buy the Fideum token?
As I have mentioned above, you have a few options to buy FI. Check below to know how you can buy FI from Uniswap.
- Visit the Uniswap website and click on ‘connect wallet’ in the top-right corner.
- Pick a Wallet, you want to connect with. If you don’t have a preference, choose MetaMask. It is quite good.
- Follow the prompts to confirm the connection to the wallet
- On the field ‘select token’, search FI. You can also paste the token’s contract address instead.
- Enter the amount of the token you want to buy and click ‘swap’. Click ‘confirm swap’ to complete the transaction.
Conclusion
With so much debate on the merits and demerits of the traditional and DeFi financial systems, Fideum puts forward a solution that offers the best of both worlds.
The platform already has a strong client base that includes big names like Ripple and Cardano. One full year since its inception, the platform’s utility token has also shown significant investor interest. With almost a flat market for almost a year, FI has a strong bullish potential for the long term.
All said, do not forget that cryptocurrencies are assets with very little price stability, and investing in such instruments is subject to extreme market risks. The reader is cautioned to do their independent research before committing to such investments.
Related Articles: Sora (XOR): Price Prediction, How To Buy, Is It A Good Investment?
