Taking market participants by surprise, SwiftCoin has surged past expectations in recent trading sessions. The move has raised questions about how the token will perform in the upcoming month and whether is it a good time to buy.
What Is The SwiftCoin?
SwiftCoin (SWFTC) is a digital token built on the SWFT Blockchain. The blockchain takes pride in itself on being a little unique. It claims that in addition to operating across blockchains to enable transactions, it speeds up the process of transferring tokens that are present on different blockchains. Additionally, it seeks to distribute users’ tokens through AI, which could result in lower network transaction costs and faster sign-up times.
The ability to exchange cryptocurrencies is one of the most important features of a digital asset. In the end, possessing any kind of currency—virtual or real—is meaningless if it has no intrinsic value, and the only way to give it a value is through exchange.
An exchange, or marketplace, is where most cryptocurrency transactions take place. Here, users can purchase desired coins and tokens and sell unwanted ones. Cryptocurrency exchanges are quite common and essentially exist in two varieties.
Exchanges with a central hub are more typical. These have set trading pairings and are managed by businesses or organizations. Conversely, decentralized exchanges, or DEXes, let users list any cryptocurrency they want to purchase or sell in exchange for another cryptocurrency. They accomplish this without having a central authority in charge. Despite being a centralized exchange.
SWFT Token To Surge In June?
In January 2018, when SWFTC was initially introduced to the public, the cryptocurrency market was experiencing a severe bubble with exorbitant pricing on all fronts. On January 10, 2018, it reached its highest point of $0.09186. After that, though, the price dropped until it was less than a cent by the summer due to a combination of the bubble popping and the newly-formed token being viewed as relatively pricey.
At present the coin is trading at $0.00530, being up over 8% as compared to the same time last day. The coin is poised to see more green trading days in June before it hits a stagnation point in July.
As of July 4, 2024, the price of SWFTCoin is expected to decrease by 3.45% to $ 0.005116, based on the current price estimate. Most technical indicators indicate that the current mood is bullish, and the Fear & Greed Index is currently reading 73 (Greed). Over the previous 30 days, SWFTCoin had 12/30 (40%) green days and 3.02% price volatility. The SWFTCoin forecast indicates that this is a favorable moment to purchase SWFTCoin.
The current range for the SWFT Coin price projection in 2025 is $0.00424 on the lower end and $0.02505 on the higher end. If SWFTC hits the higher price target, it might increase by 377.08% from its current value by 2025.
