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FEG Token Price Prediction 2023-2031: Will the FEG Price Go Up?

feg token

FEG Token Price Prediction 2023-2031

What’s happening with the FEG network? Here’s what:

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.

FEG Token Swap Contracts Exploited

On 16th May 2022, a post on Twitter by ‘Feg’ about an anomaly on Feg swap contracts would result in the unravelling of two hacks that led to the platform losing over $30M in a span of hours. On 15th May at about 8.20 PM UTC, the Feg  Swap to Swap functionality on BSC and Eth chains was hacked. Certik provides a breakdown of how the BSC chain is exploited of 915BNB as shown in the link below. Peckshield shares similar concerns. https://bscscan.com/tx/0x77cf448ceaf8f66e06d1537ef83218725670d3a509583ea0d161533fda56c063

At about the same time, a second similar attack is made on the swap contract. The attacker gets away with about $1.9M of BNB and ETH.

FEG partners with Peckshield to try and stop the attack. The attacker would later send the funds to Tornado cash to wash the money. The transaction link below shows how some of these funds were sent to Tornado Cash.

FEG token is way out on the higher end of the risk spectrum with its market capitalization of $245 million. Being around #3373 in terms of token rankings by market cap makes FEG a very speculative, high-risk, high-upside pick, as one analyst pointed out. What’s going for this coin and why should you include it in your portfolio? Or why not?

Today’s FEG Token price is $5.52e-10 with a 24-hour trading volume of $280,824. FEG Token is down 1.07% in the last 24 hours. The current CoinMarketCap ranking is #3033, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

Read Also: How to Buy FEG Token

What’s happening with FEG?

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.

Proposed developments

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.

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.

[mcrypto id=”141060″]

How does FEG token work?

FEG token price

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

Decentralized

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.

Burn rate

Every transaction results in a 1% burn rate, which reduces the supply of FEG over time.

Rewards

To discourage weak hands, FEG provides its holders with a 1% tax on each transaction.

Further development

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.

Pros

  • 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.

Cons

  • 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 Token Price Prediction 2023-2031: Will the FEG Price Go Up? 1

FEG has reached Fib 78.60 and it will go to the moon very soon.
Don’t miss the train, HODLER finally can have a smile.
This is just an Idea, Not financial advice.

FEG token price prediction Source: TradingView.com

FEG Token Price Prediction 2023-2031: Will the FEG Price Go Up? 2

FEG/USDT chart doesn’t exist on the Tradingview so I analyzed FEG/ WETH chart.
FEG/USDT prices:
buy point:2*e-9 rocket launch time: 18 September
tp1=2*e-8 (%1000 gain in 3 days)
tp2=3*e-8 (%1500 gain)
tp4=4*e-8 (%2000 gain)

Source: TradingView.com

FEG Technical Analysis

FEG Token Price Prediction 2023-2031: Will the FEG Price Go Up? 3

According to FEG technical chat, the current sentiment of the coin is Bearish while the Fear & Greed Index is showing 26 (Fear). Furthermore, FEG Token recorded 15/30 (50%) green days with 8.84% price volatility over the one month.

FEG Token is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 23 days, since Nov 28, 2022.

The price of FEG Token is currently above the 50-day SMA and this indicator has been signaling BUY for the last 4 days, since Dec 17, 2022.

Based on our technical indicators, FEG Token’s 200-day SMA will rise in the next month and will hit $ 5.190e-10 by Jan 20, 2023. FEG Token’s short-term 50-Day SMA is estimated to hit $ 6.106e-10 by Jan 20, 2023.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 46.47, which indicates that the FEG market is in a neutral position.

FEG Price Prediction by Cryptopolitan

FEG Token Price Prediction 2023-2031: Will the FEG Price Go Up? 4
FEG Token Price Prediction 2023-2031: Will the FEG Price Go Up? 5

FEG Token Price Prediction 2023

According to our FEG token price prediction for 2023, FEG is expected to have a maximum of $0.000000005500. We can expect FEG price to reach an average of $0.000000005300 and a low of $0.000000005300 for the same year.

FEG Token Price Prediction 2024

FEG is forecasted to attain a maximum price of $0.000000006700 based on our FEG price forecasts for 202. However, investors can expect an average price of $0.000000006500, with its lowest possible price at $0.000000006400.

FEG Token Price Prediction 2025

Our FEG crypto price prediction for 2025 anticipates FEG to reach a maximum price of $0.000000007600 by the end of the year. A minimum price of $0.000000007400 and an average price of$0.000000007500 are expected.

FEG Token Price Prediction 2026

FET is anticipated to have an overall bearish market based on our FEG price prediction for 2026, leading to a maximum price of $0.000000008600 and a minimum price of $0.000000008300, respectively. An average market price of $0.000000008500 is expected. Crypto volatility and market restrictions are forces that lead to these low prices.

FEG Token Price Prediction 2027

According to our FEG price prediction for 2027, FEG investors will record huge profits, as the cryptocurrency could reach a peak price of $0.000000009600. Throughout the year, FEG is assumed to maintain an average price of $0.000000009500 and a minimum price of $0.000000009300.

FEG Token Price Prediction 2028

Based on our FEG price prediction for 2028, FEG could trade between a minimum price of $$0.00000001 and a maximum price of $0.00000001. The expected average price is $0.00000001.

FEG Token Price Prediction 2029

According to our FEG forecast for 2029, FEG will trade at a maximum price of $$0.00000001. The digital coin is expected to maintain an average trading price of $$0.00000001 and a minimum price of $$0.00000001 throughout the year.

FEG Token Price Prediction 2030

According to our FEG price prediction forecast for 2030, FEG will attain a maximum price of $$0.00000001. We also anticipate a significant increase in the price support level leading to a minimum price of $0.00000001 and an average market price of $0.00000001

FEG Token Price Prediction 2031

FEG is predicted to maintain an overall bullish trend leading to a peak expected price of $0.00000002 based on our FEG price prediction for 2031. An average price of $0.00000001 and a minimum price of $0.00000001 is expected.

FEG Price Prediction by Wallet Investor

According to Wallet Investor FEG is a bad long-term investment. They predict the coin will be worth $X10.000000000012 USD in one year. In 2026, they expect FEG to devalue by 96%. By 2027, they indicate that coin will regain its worth by 5%.

FEG Price Prediction by Cryptopredictions.com

According to Cryptopredictions.com, FEG is expected to reach a maximum price of $0.000000001167353 by 2023. The minimum and average price of the coin is expected to be $0.0000000007938 and $0.000000000933883.

By 2024, the coin is predicted to have a maximum price of $0.00000000156697, with an average trading price of the coin at $0.000000001253576. The lowest price of the coin is expected to be $0.000000001065539.

Cryptopredictions.com also expects the coin to reach a maximum price of $0.000000001839036 by 2025 The minimum price of the coin is expected to be$0.000000001471229, and the average trading price of the coin is expected to be $0.000000001250545.

FEG is expected to reach a maximum price of $0.000000002041679, with an average trading price of $0.000000001633343 by 2026.

FEG Price Prediction by Digital Coin Price

Digital Coin Price predicts that the FEG coin is a good investment. However, they expect the coin can reach a maximum price of $0.00000000129, with a minimum price of $0.00000000107 by 2023.

By 2027, they expect Digital Coin Price to reach a maximum price of $0.00000000267, with a minimum price of $0.00000000237. The coin’s average price by then is expected to be $0.00000000258.

Furthermore, Digital Coin Price predicts that FEG will reach a maximum price of $0.00000000719, with a minimum price of $0.00000000686 by 2030. They expect the coin’s average price by then will be $0.00000000711.

By 2031, FEG is expected to reach a maximum price of $0.00000000968 , with a minimum price of $0.00000000936 . The average trading price of the coin is expected to be $0.00000000957.

FEG Token Price Predictions by Industry Influencers

Industry influencers generally appear to take an optimistic stance on the FEG coin’s future price. Most price predictions indicate anticipation of price growth over the long term, encouraging FEG token investors of potentially profitable future holding the token.

Verdict

The FEG token forecast detailed above reflects the estimated maximum, low and average cost of the FEG coin. From this analysis, it is evident that there are positive sentiments about its future. Investors should weigh up all options before committing their resources; including evaluating the lowest value prediction for optimal risk management.

As 2023 approaches, the future of FEG appears to be obscure. However, by implementing greater transparency regarding its founders and developers, individuals may rekindle their trust in not liquidating their FEG tokens. The market for FEG Tokens is significantly smaller than traditional markets; this implies that one individual with a substantial amount of capital can have massive impacts on the price fluctuations of said token.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

FAQs

How do I exchange FEG tokens?

If you're using the Coinbase Wallet extension, tap the “Convert” button. Search for FEG Token and input the amount of ETH you'd like to exchange for FEG Token. Remember to leave enough for transaction fees. Confirm your purchase and follow the instructions on the screen to finalize.

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.

Is the FEG price going to fall?

Might do if the community does not support it, but the FEG coin is still in its early stages.

What is the FEG track?

It includes a FEG Exchange for swapping, staking and providing liquidity to tokens, as well as fWraps, which enable users to wrap another cryptocurrency like ADA, DOGE, or XRP and receive rewards. Moreover, it offers FEGtrack, a mobile and web app enabling users to track their FEG rewards.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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