This Serum (SRM), Price Prediction 2021 article relies solely on technical analysis. Below are the key metrics we considered when preparing our SRM price prediction and analysis.
Many cryptocurrencies rose to new heights during the 2021 bull market. Some crypto assets suffered a drop in price. Many digital currency traders now worry about whether it’s time to sell or hold their digital assets. The same scenario could occur for crypto traders in SRM.
However, the crypto market has been consolidating recently and many cryptocurrencies are losing previous profits. Will SRM see the same volatility in its price? This SRM price analysis 2021 article will help you find out.
What’s Serum (SRM),?
Serum is a Decentralized Exchange (DEX) that provides a platform for decentralized finance (DeFi) at high speeds and low transaction costs. It is also permissionless and built on the Solana Blockchain. Serum was created to remove the weakness in the current DeFi space due to partial decentralization. It is also claimed to be completely decentralized, and operates on a noncustodial exchange that supports cross-chain trade. KYC is not required.
Solana, however, is a web-scale cryptocurrency that can handle 50,000 transactions per second. This is possible due to a verifiable delay function (SHA 265 hash chains), which allows optimistic concurrency control.
Serum Foundation is behind its development. They have a team of experts who are experts in cryptocurrency, trading and decentralized finance (DeFi). A number of companies have also supported the project.
Do you think SRM will prove to be a benefit for crypto in 2021 now that we have clarified the topic of SRM? Let’s get together and see the charts for this SRM price analysis.
Serum (SRM) Current Market Status
SRM trades at $3.31 and has a 24-hour trading volume $71,791,222 as of this price analysis. SRM’s price has risen by 2.59% over the past 24 hours.
Currently, Binance, Upbit and CoinTiger are the best cryptocurrency exchanges to trade SRM. Let’s now move on to the technical analysis of SRM for 2021.
Serum (SRM) Price Analysis 2021
SRM currently holds the 159th position on CoinMarketCap. Will the SRM blockchain’s latest developments, development, or changes help to increase the cryptocurrency price? Let’s look at the charts in this SRM Price Prediction article.
The Falling Wedge Pattern can be seen in the daily chart. This could also lead to a price breakout. The falling wedges also slide down and have a bullish bias.
This bullish bias is even more difficult to analyze until a resistance breakout occurs. The falling wedge can slide further down as a continuation pattern. However, the slope will remain against the dominant upward signal. The falling wedge slopes upwards and follows the dominant trend as a reversal.
Relative Strength Index (RSI), which is higher than 43, means that SRM’s state is neither overbought nor undersold. This means traders must be cautious when trading and avoid further losses.
SRM’s price has experienced many bullish movements since the beginning of 2021. These are more than any previous one. These are often followed by consolidation and corrections, as well as fluctuations. This means that SRM will have a strong market in 2021.
Serum (SRM) Price Prediction 2021
Below is a chart that shows how SRM has performed over the last few days. The bullish trend in the SRM price is also evident. SRM could follow the bulls and surpass its $6.7 resistance level if this trend continues.
If investors shift towards crypto, bears could take control and pull SRM from its uptrend place. SRM’s price could plummet to $2.57, which is a bearish signal.
Our long-term SRM prediction for 2021 remains bullish. It is highly likely to reach new heights. It must overcome past psychological resistances before it can achieve this.
Prediction of the Top Crypto Websites
It is impossible to predict cryptocurrency’s future prices with 100% accuracy. It is important to remember that SRM price predictions are only a suggestion of potential price development and should not be considered investment advice.
Let’s take a look at the market predictions made by different crypto prediction sites for 2021.
This top cryptocurrency website is well-known for its ability to predict the future price digital currencies. It used historical data as well as a combination linear and polynomial regressions to make its predictions. Tradingbeasts forecasts that the average digital coin price would be $2.97 according to their SRM predictions.
They stated that the coin would have a minimum price at $2.52 and maximum price at $3.71 by 2021.
According to the SRM price prediction site, there will be a bearish trend in digital coin prices by 2021.
According to Walletinvestor’s analysis, the average price of the coin would fall to $0.70. The analysis by Walletinvestor also indicated that the coin’s value could drop as low as $0.06, or rise as high at $1.33.
The platform’s information shows that their forecasts were based on technical analysis and artificial intelligence.
The platform’s experts conclude that Serum is a bad 1-year investment.
However, if you look at this prediction on the website, you’ll see that the Serum’s price exceeded their prediction in January. This is despite the fact that the website prognosis was made in late 2020. Is this a sign that their prediction was correct or not? Maybe they should have predicted higher than others. We believe there is still potential for growth.
The CoinArbitrageBot predicts that the coin will be neutral for a one-year investment in digital currency, but it gives the green light to invest in it on a longer-term basis like five years.
The platform predicts a bearish trend in the coin’s price over the next year.
Coinarbitragebot predicts that the SRM price will rise to $2.04 by the end of 2019, and more than $ 10 by 2025.
Forecasts are based on historical price charts of the coin.
Digitalcoinprice’s Foreceast on SRM Price
Digitalcoinprice’s analyst who specialises in crypto price predictions has dropped their SRM prediction for 2021 as well as for the next five-years.
According to their analysis, the price of cryptocurrency has increased. They predict that SRMtoken will hit $4.17 by the end of this year.
According to their forecast, SRM will be a profitable investment in the coming year. Based on historical price data and their algorithm, they predict that SRM will be a profitable investment for the year.
According to the website data, experts believe that the coin’s value will continue to rise in 2021.
Serum, a website that based its predictions on historical price analysis, is considered a good investment capable to yield high ROI.
According to Cryptocurrencypriceprediction, Serum’s price will reach $5 by the end of 2021.
Another cryptocurrency prediction website has dropped its Serum prediction for the next five year.
Pickacrypto used historical price data to predict the price of the coin.
They believe that SRM’s price will rise to $7-10 per year based on their analysis of support/resistance and simple indicators such as the RSI.
They also predicted the price of the coin in the future.
Their Serum forecast has a remarkable feature: they believe that the coin will rise in value in the near future.
Serum looks bright in 2021. We may see SRM reaching new heights due to the developments in the SRM ecosystem and the overall crypto market.
Bullish SRM price prediction 2021: $8 It may reach its new ATH if investors decide that SRM, as well as mainstream cryptocurrencies such Bitcoin and Ethereum, is a worthwhile investment.
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