Sologenic is a blockchain project that tries to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). The platform works as a derivative protocol on the Ripple network.
Sologenic also offers a decentralized exchange (DEX) and NFT marketplace. The platform is powered by its native utility token SOLO.
This article is your go-to guide to understanding the Sologenic platform and its native token. I will discuss the key features of the platform, the economics of the token, its past performance, and future price forecasts.
In the end, you can find the details of where and how you can buy SOLO, should you want to know. Let’s jump in without any further ado.
Sologenic (SOLO) Key Features
| Derivatives Protocol | Sologenic is a derivatives protocol on top of Ripple. This will allow the users to tokenize traditional financial instruments like securities, stocks, ETFs, commodities, and other RWAs. |
| DEX and NFT marketplace | The platform offers a digital asset trading and management platform. You can also mint and trade NFTs on Sologenic at low gas fees. |
| IDO launchpad | Sologenic has a native IDO (initial DEX offering) launchpad which allows new blockchain companies to raise capital. |
| XRPL Integration | Operating on the XRP ledger, Sologenic offers fast transactions at competitive fees. |
Sologenic (SOLO) Tokenomics
SOLO has a total supply of 399,947,699 tokens and all of it is already in circulation. The supply is capped at a maximum of 400 million SOLO.
Sologenic (SOLO) Past Performance
At the time of writing, the Sologenic token is trading for $0.1409, which is 0.80% up from yesterday.
making up a market capitalization of $56 million. The 24-hour trading volume stands at $2.9 million, down 1.5% from yesterday.
Sologenic (SOLO) Price Forecast
Technical indicators suggest that the prevailing market sentiment is bearish although the fear & greed index is still at 76, signaling greed. Sologenic recorded 12 (40%) green days in the past month with a low 5.38% price volatility. Our experts think that now is not a good time to buy Sologenic.
2024: In the year 2024, despite the expectations of a crypto bull run, the price of Sologenic is expected to drop by 0.06% and hit $0.137 by the second week of May.
2025: Moving on to 2025, the price of Sologenic is expected to fall between $0.133 and $0.156. If we compare these with today’s price, Sologenic could gain 10.48% by 2025 if the token hits the upper price target.
2030: Fast forward to 2030, the Sologenic token is expected to be priced between $0.0137 on the lower end and $1.102. Compared to today’s price, the upper price target will be translated into a whopping 678.33% return on investment.
Where to Buy Sologenic (SOLO)?
If you are planning to buy SOLO, these are the exchanges you can choose from.
How to Buy Sologenic (SOLO)?
This is how you can buy SOLO from Gate.io.
- First, go to the Gate.io website and sign up for a new account.
- Now, log in with your credentials and complete the KYC.
- Load the wallet with USDT or any other stablecoin of your choice.
- Navigate to the trading section and search for SOLO/USDT.
- Choose ‘limit order’, enter the number of Sologenic tokens you want to buy, and hit the ‘buy’ button.
- Click ‘confirm’ and your Dologenic tokens will now show up on your Gate.io wallet.
Conclusion
Sologenic leverages the robust XRP ledger to democratize access to DeFi. Offering the best elements of both the new and old finance, the platform has attracted a good number of users and developers in recent days. Our analysts think that despite the lackluster performance of SOLO in the market, its strong fundamentals make it worth investing in.
All being said, it is vital to note that crypto markets are susceptible to price fluctuations and are considered a high-risk asset class by many. The reader is advised to do independent research before investing in such assets. As always, stay away from leveraged investments and perpetual instruments.
