Although FEG is relatively new in the crypto world, it is not relenting in its bid to be relevant in the market. The Feed Every Gorilla network has made remarkable progress in 2021 despite being relatively new. With projects like FEGex, FEGroox, etc., added to the ecosystem, one can see the significant progress made.
If we also consider the many partnerships and updates planned, we can come to a conclusion that the future looks set for FEG from 2022 and beyond with greater transparency about the founders.
FEG’s current price is $0.000000004404 with an increase of 0.89% in the past 24 hours. The market cap is $184,004,625 and its trading volume is $824,230 in 24 hours. It’s currently ranked #3373.
FEG announced their partnership with Chiwawa (a Smart NFT platform) on 12 December 2021 and will be powered by FEG’s fWrap pairings, SmartDeFi and SmartNFT.
So far, this is their only partnership to date but there are partnerships to be expected in 2022 and beyond.
FEG is looking to explore the world of SmartDeFi and they are currently in the third stage of testing. FEG will probably be the first token to adopt SmartDeFi and if this is successful, it has every likelihood to be a ground-breaking development because according to the developers, SmartDeFi defies the very laws of physics as the baseline will go up with every token sold as opposed to the normal way of going down. It will also help to eliminate pump-and-dump schemes.
Over the course of 2021, FEG released some of the following projects into the FEG ecosystem such as FEGex, fWrap, ROX Token, FEGpresales, FEGcentral, FEGradio, FEGscholars, etc.
FEG token overview
The FEG Token is revolutionizing the way decentralized finance (DeFi) is structured. FEG Token is dedicated to completely re-imagining and expanding how DeFi operates while also providing the most robust ecosystem ever created for DeFi’s many needed improvements.
The goal of FEG is to create a decentralized transaction network that runs on the Ethereum blockchain. Market fluctuations will drive FEG’s evolution, but the system it operates on makes it likely to succeed.
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|FEG||$ 0.000000||$ 108.72 M||23.60%||41.14||$ 308.74 K|
How does FEG token work?
FEG is a deflationary cryptocurrency with a maximum circulating supply of 100 Quadrillion units on the Binance Smart Chain and Ethereum networks. On each transaction, a total tax of 2% is levied; a tax of 1% (reflections) will be given to holders of the FEG Token, and a further tax of 1% will be burnt permanently, thus incentivizing holders to hodl while also lowering the circulating supply over time.
As a result of the decreased supply, the token’s scarcity rises. A supply and demand model is created as a result of this inversely proportional connection. Furthermore, the number of tokens that may be destroyed is limitless. As a result, the value of the FEG token will continue rising.
Brief history of FEG Token
The FEG token creators remain hidden, which may be a concern for some crypto investors. Nobody will be held responsible if FEG token decides to cash out and abandon its platform if no available team is behind the project.
In 2021, the cryptocurrency began trading on Binance Smart Chain and Ethereum. Because there is a fixed amount of 100 quintillion tokens in circulation, the currency was worth little per unit.
Many of the tokens have already been destroyed since the start. On Ethereum’s network, approximately 58 quadrillion FEG coins have been destroyed, and on Binance Smart Chain’s network, about 56 trillion. The maximum supply left is around 42 quadrillion tokens on Ethereum and approximately 44 quadrillion tokens on Binance Smart Chain.
The FEG ecosystem
FEG Token is a hyper-deflationary token with a maximum circulating supply of 100Q (quadrillion) on both the Ethereum blockchain and the Binance Smart Chain that involves an inaccessible burn wallet. Depending on each holder’s percentage of ownership, a 2% transaction tax is distributed among all holders—this includes the burn wallet, which is essentially a holder that collects more tokens over time as transactions occur.
As the circulating supply decreases, the scarcity of the token increases. This inversely proportional relationship constitutes a supply and demand model. There is no limit as to how many tokens can be burnt. Without a burning limit, holders get to enjoy a never-ending cycle of passive income with positive price pressure
There is no single primary owner of the token since it is entirely decentralized. All decisions are made with the community’s interest in mind.
Every transaction results in a 1% burn rate, which reduces the supply of FEG over time.
To discourage weak hands, FEG provides its holders with a 1% tax on each transaction.
It is expected that FEG will continue to expand into the cryptocurrency market by releasing specific items that will guarantee the token’s long-term viability.
Pros and Cons of investing
The FEG token is one of the most volatile crypto assets, comparable to Dogecoin. These cryptocurrencies change in price with great frequency. Celebrities’ and public figures’ endorsements or lack thereof can cause fluctuations in the market.
However, venturing into cryptocurrency can be a smart decision, while it might also disappoint. Based on anticipated USD projections, the following are some of the benefits and drawbacks of investing in FEG Token.
- The FEG token has a strong potential to grow in a bull market, according to recent FEG token price forecast.
- FEG is a great example of a relatively new cryptocurrency that has been driven by quality growth and market demand.
- Because we’re in a bull market, most tokens should rise in value. FEG Token is no exception, and if the bull run lasts for an extended period of time, FEG Token prices on the Binance exchange may reach new all-time highs.
- Many individuals make investments with the intention of generating more money. However, making an investment in FEG may result in significant losses, as the market is unable to guarantee consistent growth on a regular basis.
- Trading with FEG may be successful only if you keep up with crypto news and are aware of any events that might significantly or minimally impact the forecast price.
FEG token price history
The current price of FEG Token is $0.000000001796 with a 24-hour trading volume of USD 464,563. Its current market cap is $73.89 million.
FEG price prediction by DigitalCoinPrice
DigitalCoinPrice expects FEG token price prediction to hit $0.00000000609 in 2022, touch $0.00000000717 in 2023, $0.00000000815 in 2024, and $0.00000000929 in 2025, $0.00000000835 in 2026 which is quite surprising, but then it corrects itself to push up at $0.00000001136, and this bull run continues to $0.00000001505 in 2028. Finally, the platform predicts FEG token price to shoot up to $0.00000001848 in 2029.
Cryptopolitan FEG Price Prediction
If the token maintains its current rate of growth, it should reach $0.0000000030 in late 2022. Following that, the FEG token might continue on its path and close out the year at $0.0000000033.
The FEG token has been a reliable performer in the crypto market. The study finds that the token is most likely to perform well in the first quarter of 2023, but slightly decrease compared to the previous year’s performance in mid-year, which could be seasonal. Before June, the price will drop from $0.0000000030 to $0.0000000027.
Observing other similar circumstances cited by experts, the nascent crypto will grow by 174% to reach a value of $0.0000000049.
Experts are predicting a significant shift in the FEG price by 2025. The price of the FEG token price will almost certainly rise towards $0.0000000055 at the start of the year 2025. Experts anticipate FEG token future price to close that same year with a market price of $$0.0000000052.
We anticipate the FEG Token future price to hit $0.0000000070 following a 292.79% growth in value.
On each FEG transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply over time. As the supply decreases, the scarcity of the token increases. This inversely proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt. Without a burning limit, you know what happens next.
Taking a look at recent developments and the proposed ground-breaking development scheduled to be released anytime from now, you will agree with me that the growth of FEG is inevitable. The ecosystem is continually increasing and 2022 is another year that would herald additional developments. They would be more aware of the FEG token, too.
Also, the proposed SmartDeFi is poised to change the game for FEG as buyers will know the risk ratio before they even get to trade. SmartDeFi will increase the burn rate of FEG. They also are planning to implement SmartNFTs, hence the partnership with Chiwawa. All these and more will eventually make FEG tokens skyrocket. Above all, 2022 is poised to be a great year for FEG.
Is the FEG price going to fall?
No, the FEG coin is still in its early stages.
Is FEG Token price rising?
Yes. Crypto enthusiasts are beginning to discover FEG Token. With the increase in burn rate, the FEG token price is likely to rise from its current level.
Will FEG price reach $0.1 in five years?
According to our forecast, in the next five years, FEG token price will most likely hit $0.1. It will come as no surprise if the currency goes higher than this threshold.
Will FEG Token surpass Bitcoin?
Despite our optimism in FEG/USD’s potential to revolutionize the world of decentralized finance, it will likely be some time before it overtakes Bitcoin. Bitcoin has effectively established itself as the ruler of altcoins, and removing its crown will take a tremendous amount of work. As a result, for now, replacing or surpassing Bitcoin is highly unlikely.
How to buy FEG Token
The FEG token, FGC, is very similar to other decentralized finance (DeFi) protocols. You can buy FEG Token on DEX platforms such as Uniswap, 1inch, PancakeSwap. FEG Token trading services are available on both DEXs and centralized exchanges at FEG Token market price. You can sell the token FEG on popular exchanges like Binance at market value.