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Serum (SRM) Price Prediction for 2021

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Serum Price Prediction 2021
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If you have been following the FTX cryptocurrency exchange, you might have heard about Serum, a coin co-founded by Sam Bankman-Fried, the FTX CEO. In this article, we will talk about the Serum project – created to solves the major problems that decentralized finance and blockchain are facing. Our focus is going to be on Serum price prediction for 2021.

What is Serum?

The Serum is a fully decentralized exchange (DEX) platform that was built on top of the Solana blockchain platform.

The goal of the project is to bring high-speed and low-cost transactions. Since DeFi started growing in popularity and coupled with the on-going popularity of DEXes in the Ethereum space, there have been situations of high gas cost and slow transactions.

The Serum was built to address the centralized gaps that exist in the current Defi space.

The digital coin will be interoperable with other cryptocurrencies like Ethereum But, unlike other DEXes, SRM features order book-based trading, such as the centralized cryptocurrency exchanges. It can process between 50.000 – 65.000 transactions per second, which is the current TPS of the underlying Solana blockchain.

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History of Serum

Serum’s history is linked to Sam Bankman-Fried, an MIT graduate with over three years of experience trading ETFs with the Jane Street Capital, a well-known wall street trading firm.

Sam, who is the CEO of FTX cryptocurrency and Alameda research (a cryptocurrency trading firm), led the FTX team that founded Serum.

Some of the cryptocurrency community advisors that supported the project include; Robert Leshner, founder of Compound; Gary Wang, CTO at FTX; Long Vuong, founder of Tomochain, etc.

From what was told, Sam and his friends at FTX exchange were thinking about a Defi protocol to build. They decided to build a DEX. But, knowing that it could not be built on Ethereum because of the network-intensive features they wanted it to have, the team eventually choose Solana (SOL), a blockchain designed with efficiency in mind.

Serum (SRM) Price Predictions for 2021

The historical market price is one factor to consider when predicting a cryptocurrency’s long-term price. It is one of the significant factors that crypto investors consider before investing in a crypto coin.

Since the launch of the Serum and its native SRM token in August last year, the coin’s price chart has been on the bullish run.

The listing of the project in popular cryptocurrency exchanges such as Binance has contributed to the rising SRM token price.

Data from Coingecko showed that the transaction volume of SRM’s token surpassed $350 million in the first 12 hours of its launch.

The SRM token is also listed in other popular Defi exchanges and protocols like Uniswap, BitMax, HBTC, TomoDEX, and its co-founder FTX.

The listing of the SRM in popular DeFi exchanges has increased the popularity of the coin. These have led to some predictions on the digital coin price and these forecasts cannot be overlooked when investing in SRM.

Different crypto experts have aired their opinion on the price of Serum (SRM) in 2021. So, we have decided to share with you these price forecast for the year by both the crypto prediction websites and the individual predictions.

SRM Price Prediction of Top Crypto Websites

No one can accurately predict the prices of cryptocurrency with total certainty. This means that it is imperative to note that SRM price predictions serve as a suggestion of possible price development and not to be used for investment advice.

Let us look at the various market prediction by the different crypto prediction websites for 2021.

TradingBeasts

The top crypto website is widely known for predicting the future price of digital currencies. The website based its predictions on the historical data and a combination of linear and polynomial regressions. According to the SRM forecasts by Tradingbeasts, the digital coin price will have an average price of $2.97.

They went ahead to say that the coin will have a minimum price of $2.52 and a maximum price of $3.71 by the end of 2021.

WalletInvestor

The top prediction website’s SRM price forecast shows a bearish price movement of the digital coin in 2021.

From the analysis by Walletinvestor, the price of the coin will fall to an average of $0.70. Their analysis also predicted that the coin’s price could fall as low as $0.06 or rise as high as $1.33.

Information from the platform shows that they based their forecasts on technical analysis by artificial intelligence.

In summary, the experts in the platform think that Serum is a 1-year bad investment.

But, looking at the prediction from this website, you will discover that the price of the Serum surpassed their prediction in January (although the prognosis on the website was written in late 2020). Does it mean that their prediction was right or wrong? Or maybe, they should have predicted higher like others. Well, we still think that there is still room for growth.

CoinArbitrageBot

The CoinArbitrageBot prediction is neutral on a 1-year investment in the digital currency but gives the green light on investing in the coin on a longer-term – like five years investment.

The price prediction of the coin on the platform shows a bearish run in the year.

According to Coinarbitragebot, the SRM price could be $2.04 before the end of the year, by 2025 predicts more than $ 10 for SRM.

The platform’s forecast is based on the historical price chart of the coin.

serum-price-2021

Digitalcoinprice’s Foreceast on SRM Price

The analyst at Digitalcoinprice, who specializes in crypto price predictions, has dropped their SRM price prediction for 2021 and for the next five years.

Their analysis shows an increase in the price of the cryptocurrency. They believe that SRMtoken will reach $4.17 before the end of the year.

From their forecast, they think that SRM is a profitable investment for the year. Their prediction is based on their algorithm and the historical price data of the coin.

Cryptocurrencypriceprediction

From the data on the website, the experts think that the coin’s price will continue to surge in 2021.

The website, which based its prediction on the historical price analysis, thinks that Serum is a good investment capable of yielding high ROI.

According to Cryptocurrencypriceprediction, Serum’s price will reach $5 by the end of 2021.

Pickacrypto

This is another crypto prediction website that has dropped its Serum price prediction for the next five years.

The Pickacrypto website used the prior price history to forecasts the price of the coin.

From their analysis using support/resistance, and simple indicators like the RSI, they think that the price of SRM will reach between $7 to $10 by the end of the year.

They also went ahead to forecast the coin’s price for the subsequent years.

One amazing thing with their Serum forecast is that they think that the coin will increase in value in the future.

Serum Price Forecasts for 2021 on Twitter

As we usually do, we have gone to Twitter to look out for the year’s SRM price prediction. While going through the projections, we have chosen the most interesting ones that caught our attention. These predictions will guide you to forecast the future price of the coin before investing.

@SynphZ

This crypto enthusiast’s price prediction caught our attention. In his tweet, he predicted a bullish run for the coin in 2021. From his tweet, he predicted the SRM price to be $20.

The Twitter user based his forecast on the current market price. “Price Predictions this Bullrun that would not suprise me: $80 $ftt $50 $sol $50 $rune $50 $grt $20 $srm $15 $alpha $8 $ocean $5 $dag $3 $rsr $1 $vet I come to these price predictions by taking their current prices and make them bigger”

From his forecast, you can see that the user is very optimistic about one thing and which is that the coins will have a bullish run this year. Most of the users that commented on his tweet agreed with his methodology.

@golddustfintech

The user is another person that has made an SRM price prediction. In the tweet, he asked his followers to vote on the price of SRM for the year. “$SRM price prediction by 15th Aug 2020. @ProjectSerum #DeFi #Blockchain #Crypto #cryptocurrency #cryptocurrencies #SRM $BTC $ETH $XRP $LINK $XTZ $ADA $AMPL $BAND $DeFi”

The user listed four price variations; $0.60, $1.8, $3.6, and $5.4.

From the voting, the majority agreed that the price will reach $5.4 while the minority believes that the coin will hover around $1.8.

But, one common thing among the voters is that majority agreed that the coin will have a bullish movement.

SRM Token Price Predictions on YouTube

Going through YouTube, these are the SRM price predictions that have caught our attention the most.

Samy Sun

Sammy sun based his prediction on the historical price of the coin.
The YouTuber agrees with Digitalcoinprice, a prediction website, on several points. One of which that the coin will have a bullish run in the year.

From his prediction, the coin will increase to $4.17 by the end of the year.

CryptoBusy

The user predicted the top five crypto coins that will make people millionaires in 2021.

And guess what, Serum is among them. But, do you believe that crypto can make people millionaires?

Well, from his prediction, he thinks that the Serum price will hit between $10 and $20 before the end of the year. You can check his full prediction in the video.

Iftikhar Shah TV

The user of this YouTube channel made his SRM prediction on the Arabic language.

So, if you don’t understand the language, you might need to bypass it. However, we are going to bring the channel prediction to you.

From his prediction, he thinks that the price of SRM will reach $5 before the end of the year. However, his forecasts are based on assumptions.

The Wolf of Trading

The YouTube channel with the name “The Wolf of Trading” has made an SRM prediction for the year.

The channel used support/resistance, trendlines, moving averages, and simple indicators like the RSI to forecast the SRM price for the year.

You might need a little bit of knowledge of trading to understand his prediction.

But he foresees a bullish run for the coin. According to his prediction, the coin will reach $3 by the end of the year.

Final Thought

The FTX CEO is satisfied with Solana and has tried to bring a fully decentralized project in the Defi space, and that has been achieved. The Serum is powerful, scalable, stacked with loaded features that users want.

With the innovations going on in the Defi space, it is safe to say that the decentralized exchange is not the same anymore as new projects are bringing something unique that matches users’ expectations.

From the project description, Serum is a pure Defi project, and they really mean it, which is while the project is gaining popularity.

From our prediction, you can see that majority of the crypto prediction platforms are very optimistic that the coin will have a bullish run this year. Some of the Twitter users even went as high as quoting that the coin will reach $20 before the end of the year.

But even in the midst of that, some predictions didn’t think that the coin is capable of increasing in the year. Some even quoted $1.33 as the forecast for the year.

What side are you on? The bearish or the bullish team? let us know below. And don’t forget to tell us how you arrived at your forecast.

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Crypto enthusiast since 2016, learning every day about blockchain and the different projects that appear in the crypto-ecosystem. I write about cryptocurrencies because I want to help people get to know this exciting world.

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