Qredo (QRDO) Overview
|💱 Ticker Symbol||QRDO|
|💸 Market Cap||$25,408,995|
|🚀 Trading Volume||$515,127|
|📈 Price Change (24h)||-0.80%|
|💰 Current Supply||232,450,778|
- Bullish Qredo (QRDO) price predictions range between $0.491891 and $0.929128 by 2030.
- Market analysts believe QRDO could reach $0.382582 by 2025.
- Bearish Qredo market price prediction for 2023 is $0.087447.
Qredo (QRDO) Introduction
The liquidity crisis has continued to be a barrier across blockchains despite the rapid growth of decentralized finance. Because of this, projects like Qredo seek to address fundamental issues in DeFi and establish a multi-chain environment of blockchain connectivity.
Decentralized custody, cross-chain credit facilities, liquidity access, and Cross-chain atomic swaps are all made possible by Qredo because of its innovative architecture.
The project seeks to increase liquidity and capital efficiency within the blockchain community by utilizing these methods. You can learn more about the QRDO coin by reading this article. You will get detailed information about its average trading price, market cap, maximum and minimum price value, and fundamental and technical analysis.
What Is The Qredo (QRDO) Token?
Qredo is a governance and ERC-20 utility token for the Qredo platform. A maximum limit of two billion Qredo tokens is available, out of which one billion are for investors of Qredo Ltd.
The customer rewards system is entirely original and is based on a user-centric tokenomic paradigm that is unmatched in the industry. Everyone receives benefits, and this applies to all user categories and network users alike:
- Custody mining: An inflation-based technique that pays users for retaining Qredo network assets.
- Transaction mining: To encourage network use, up to 100% of QRDO refunds are offered for each transaction.
- Validator incentives – User fees are the source of a high reward scheme, while incentives are paid in QRDO tokens.
- Market maker mining – In addition to paying no fees, market participants also receive rewards in QRDO and L1 for facilitating liquidity in the market.
Qredo (QRDO) Technical Analysis
It is wise to research the crypto market before making a purchase. This means looking for recurring indicators and patterns to know whether your invested amount is more likely to increase than decrease by examining the historical prices. There are various techniques to evaluate cryptocurrency progress and choose which coins to acquire. Analyzing a cryptocurrency fundamentally and technically are the two most often used techniques.
Even if you do not have maximum historical data, technical analysis is still useful for trading in cryptocurrencies. For instance, some cryptocurrencies have seen high volatility and sharp price decreases, followed by all-time high values. Although there is no assurance that the pattern will continue, you should consider it if it has been persistent before.
One of the ways to predict Qredo price in the long term is by comparing this currency against different and major technology trends and innovations. If we see its growth on mobile, internet, Facebook and Google, it is clear that QREDO is in the buying position.
RSI (Relative Strength Index)
Another famous indicator is the use of RSI (Relative Strength Index) for Qredo price prediction by identifying whether the coin is above 70 (overbought) or below 30 (oversold). The Qredo’s RSI value is at 27.7, which shows its oversold position in the market.
Price of Qredo Correlation
Overall, Qredo price has a positive correlation with the price of FEI (Fei USD), NEXO (Nexo), USTC (Terra ClassicUSD), WEMIX (WEMIX Token) and XCN (Chain) and a negative co-relation with UNI (Uniswap), AAVE (Aave), EGLD (Elrond), CRV (Curve DAO Token) and QNT (Quant) prices.
All the currencies that have a positive correlation with Qredo show that if there is a movement in the currency’s value, this will have statistically significant weight to move the other in a similar direction. However, for negatively correlated currencies, if there is a movement in one direction, then Qredo will move in the inverse direction.
Fear & Greed Index
According to the Fear & Greed Index, the market experiences extreme greed at 76-100 level, greed at 51-75 level, neutral position at 50, fear at 25-49 level, and extreme fear at 0-25 level.
While a dominantly optimistic sentiment can be a good chance to sell, traders view a dominantly negative sentiment as a good chance to buy. Various measures, such as social media sentiment, average trading value, and price volatility are used to generate the Fear & Greed index.
Bullish and Bearish Patterns for QRDO Price Prediction
To know the average forecast price of a cryptocurrency, some traders look for candlestick trends to get an advantage over their rivals. Several candlestick patterns accurately predict both bearish and bullish price action.
The candlestick patterns that indicate bullish trends are:
- Three White Soldier
- Piercing Line
- Bullish Engulfing
- Morning Star
The candlestick patterns that indicate bearish trends are:
- Hanging Man
- Bearish Harami
- Evening Star
- Dark Cloud Cover
- Shooting Star
Commodity Channel Index Using Average Price
A technical indicator called the Commodity Channel Index (CCI) calculates the difference between the historical average value and the current price of Qredo. The price level is above the historical average when the CCI exceeds zero. In contrast, the price is lower than the historical average when the CCI is below zero.
As an unbounded oscillator, the CCI can go lower or higher. This is why oversold and overbought levels are often identified for each Qredo by examining previous high CCI values when the price reverted. The CCI of Qredo is -66.67, which shows it is neutral.
Qredo (QRDO) Fundamental Analysis
Qredo is redesigning blockchain connection and virtual asset ownership. Qredo is in a position to offer decentralized custody by bringing capital efficiency and liquidity to the blockchain ecosystem. Here are a few factors that excite us about this cryptocurrency:
MCP (Consensus Multi-Party Computation) Platform:
This trustless, consensus-driven, next-generation MPC Network links layer 1 blockchains to eradicate digital asset fraud.
Fast Finality Network:
Tendermint, a fast-finality consensus algorithm designed to process a considerable number of transactions per second, is the foundation upon which Qredo has been constructed. In addition, Qredo has a layer 2-statechain that records and transfers asset ownership within the Qredo platform between several layer one blockchains.
The network has programmable workflow and governance and installed security to make institutional trading and access DeFi smart contracts.
Qredo allows encrypted private conversations to be cryptographically connected to Qredo Network transactions through integration with the Matrix network, a decentralized communication infrastructure.
The use of this communications layer allows particular app developments like Trader Chat. This app enables traders to trade directly from their preferred chat program.
The QRDO coin combines governance and utility by rewarding network activity with a unique mix of inflation-based and fee-based compensation.
There are six different kinds of users on the Qredo Network. A special mix of inflation-based and fee-based compensation is given to every user. The users are borrowers, liquidity providers, custody users, traders, validators, and market makers.
Qredo has a total supply of 2,000,000,000, with 51,461,693 circulating supply. The market cap of Qredo is $643,090,000.
Qredo (QRDO) Current Price
Qredo is currently worth $0.109309 USD. QRDO has moved -0.80% in the last 24 hours with a trading volume of $515,127. Qredo is currently ranked 486 amongst all cryptocurrencies with a market capitalization of $25,408,995 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Qredo (QRDO) to decide wether it is going to have a bullish or bearish year.
Qredo (QRDO) Price Predictions
|Year||Minimum Price||Average Price||Maximum Price|
Price prediction data provided by Qredo Price Prediction
Qredo (QRDO) Price Prediction 2023
Qredo, according to some, is one of the most amazing cryptocurrencies to rise this year (QRDO). The QRDO price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.163964.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.153033 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. QRDO is expected to have a minimum value of $0.131171.
Qredo (QRDO) Price Prediction 2024
In 2024, Qredo QRDO price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of QRDO will soon surpass $0.273273. However, we should wait to see if the QRDO’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, QRDO will trade with a minimum trading price of $0.218618 and an average trading price of $0.24048.
Qredo (QRDO) Price Prediction 2025
If the upward trend continues until 2025, it could reach $0.382582 and QRDO may profit. If the market experiences a decline, the goal may not be met. QRDO is expected to trade at an average price of $0.349789 and a low of $0.327927 in 2025.
Qredo (QRDO) Price Prediction 2026
If Qredo successfully boosts market sentiment among cryptocurrency enthusiasts, the QRDO coin price could remain stable for the next five years.
According to our projections, QRDO will be green in 2026. The QRDO is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.491891, with a minimum price of $0.437237 and an average price of $0.459098.
Qredo (QRDO) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the QRDO price is expected to cross an average price level of $0.568408 by 2027, with a minimum price of $0.546546 expected before the end of the year. Furthermore, QRDO has a maximum price value of $0.6012.
Qredo (QRDO) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $0.677717. If QRDO manages to break the resistant level in 2028, we could see a maximum price of $0.710509, failing to gather the support QRDO needs by 2028 could result in a low of $0.655855.
Qredo (QRDO) Price Prediction 2029
While QRDO is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.765164 and a yearly price close above $0.819819 in 2029.
Qredo (QRDO) Price Prediction 2030
By 2030, Qredo will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.874473 and potentially reach a maximum price value of $0.929128, averaging out at $0.896335.
Qredo (QRDO) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum QRDO price in 2031 is projected to be $1.07 in the event of a bull run, with an average price level of $1.03.
To provide its customers with institutional-grade protection and decentralized usage of digital assets, the Qredo Network became operational in November 2020. Decentralization is its primary objective, and it wants to develop into a DAO. The foundation of the network is a distributed custody for decentralized commodities. Qredo, a true technological innovator, does not use wrap tokens or smart contracts.
Unlike other speculative cryptocurrencies, QRDO is unique. It is a powerful, innovative, multi-functional coin that solves several problems in the blockchain industry. High transaction costs, delayed settlement, subpar cross-chain capability, a lack of governance over decentralized products, excessive collateralization for lending or borrowing, and poor security are a few of these issues. Before you invest in Qredo, be sure to do your own research and get investment advice from professionals.
Premium Qredo (QRDO) Price Predictions
Create your account below to receive exclusive access to a wide range of trading tools such as premium Qredo price predictions, advanced QRDO buy/sell signals and much more.
What is the Qredo (QRDO) price today?
Today, Qredo (QRDO) is trading at $0.109309 with a total market capitalization of $25,408,995.
Is Qredo a good investment?
Qredo proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that QRDO is a good choice of investment.
How high can Qredo go?
The average price of Qredo (QRDO) can possibly reach $0.153033 this year. Over the next 5 years, it is projected that Qredo may surpass $0.710509.
How much will Qredo be worth in 5 years?
Based on the rising popularity of cryptocurrency and Qredo, a long term investment in QRDO could see the price rise to $0.710509 within the next 5 years.
How much will Qredo be worth in 10 years?
If you invest in Qredo today, as with any investment, a long term increase is expected. The price of QRDO could possibly rise to $1.39 within the next 10 years.
What will the Qredo price be in 2024?
Qredo (QRDO) price is expected to reach $0.273273 by 2024.
What will the Qredo price be in 2025?
Qredo (QRDO) price is expected to reach $0.382582 by 2025.
What will the Qredo price be in 2026?
Qredo (QRDO) price is expected to reach $0.491891 by 2026.
What will the Qredo price be in 2027?
Qredo (QRDO) price is expected to reach $0.6012 by 2027.
What will the Qredo price be in 2028?
Qredo (QRDO) price is expected to reach $0.710509 by 2028.
What will the Qredo price be in 2029?
Qredo (QRDO) price is expected to reach $0.819819 by 2029.
What will the Qredo price be in 2030?
Qredo (QRDO) price is expected to reach $0.929128 by 2030.
What will the Qredo price be in 2031?
Qredo (QRDO) price is expected to reach $1.07 by 2031.
GXChain (GXC) Price Prediction – 2023, 2025, 2030
Gods Unchained (GODS) Price Prediction – 2023, 2025, 2030
Beta Finance (BETA) Price Prediction – 2023, 2025, 2030
Phala Network (PHA) Price Prediction – 2023, 2025, 2030
Rarible (RARI) Price Prediction – 2023, 2025, 2030