The current global financial system is falling apart, with fiat currency losing its purchasing power more and more each day. Moreover, the level of dissatisfaction is increasing at alarming rates and the main reason for this occurrence is the uneven distribution of money. This causes numerous other issues such as famine and increased levels of crime as a result. Cryptocurrencies, with Bitcoin as their leader, are trying to build their own ecosystem and provide humanity with an alternative financial system.
The above-mentioned ecosystem is known as Decentralized Finance (DeFi) and it has given humanity an alternative to the global financial system. Although still early in the process, DeFi has provided a platform for everybody to create and experiment with their ideas to help build a better world. Until today, this ecosystem has grown enormously, achieving billions of dollars in investments each day.
After Bitcoin came to Ethereum, the programmable version of Bitcoin. Through this cryptocurrency project, people were able to unfold the mysteries of blockchain. Additionally, they were able to test the limits of this technology – which no one has ever found by the way. That being said, decentralized finance is surely amazing.
Recently, the DeFi ecosystem has been growing rapidly. Cryptocurrencies like Elrond, Decentraland, and Uniswap are restlessly contributing to this ecosystem and have seen huge gains during the past weeks. One other cryptocurrency that aims to help build the DeFi ecosystem further is the DeFi Coin.
DeFi Coin (DEFC) Fundamental Analysis
So, what is DeFi Coin and how does it work? Well, the DeFi Coin protocol is just a DeFi token that claims to be completely community-driven. Similar to most DeFi tokens, the DeFi Coin uses reflections, manual burns, and LP Acquisitions. These functions aim to keep the DeFi Coin ecosystem healthy and working. This token powers the DeFiCoins.io website. Additionally, its team is contributing to the decentralized finance space through their DeFi Swap – a decentralized exchange powered by DeFi Coin.
Earlier on, creating your own cryptocurrency was not as simple as it is today. One of the blockchains that are making this process even easier is the Binance Smart Chain (BSC). Similar to SafeMoon, DeFi Coin operates on the Binance Smart Chain. This enables DeFi Coin to benefit from the low gas fees and the speed of transactions that this blockchain provides.
You can swap DEFC in numerous decentralized exchanges, including DeFi Swap and PancakeSwap. Moreover, DEFC is also available in BitMart. This gives the token a decent amount of exposure. However, there are hundreds of exchanges that have yet to list DEFC. Listing in exchanges such as Binance, Coinbase, or Crypto.com would increase the exposure of this token extremely, potentially resulting in positive market performance.
Their other product, DeFi Swap, is still in its first stage. Their whitepaper suggests that the next generation of the DeFi Swap is said to include technical analysis, video analysis, webinars, and news regarding the tokens the users are swapping. As the cherry on top, the third generation of DeFi Swap will provide its users with research, interactive charts, market data, podcasts, and even forums regarding the cryptocurrencies and tokens available for trade.
DeFi Coin (DEFC) Tokenomics
To incentivize people to hodl their DeFi Coin for as much as they can, everyone executing a trade pays a 10% transaction fee to the network. Half of this transaction fee is redistributed to DeFi Coin holders while the other 5% are locked to provide liquidity for the DEX. So, DeFi Coin is not suitable for day trading but rather long-term investing.
When it comes to their manual burn strategy, the team of DeFi Coin has a unique approach to it. Unlike most other tokens, the DEFC token undergoes manual burns from time to time. Manual burns happen manually, with the team of a certain cryptocurrency project controlling the process. On the other hand, automated burns happen automatically based on the algorithm of the native token.
DeFi Coin (DEFC) Price Analysis
According to CoinGecko, DeFi Coin joined the market with a trading value of $1.50 during July 2021. Just some days after its launch, DeFi Coin lost most of its value, going as low as $0.62. Nevertheless, the token did not need that much time to recover and got back to trading at $1.43 by the end of July 2021. As time passed by, DeFi Coin began losing value only to find a support zone around the price of $0.44.
The last 14 days were not that good for DeFi Coin. This token was trading at a price of $0.61 on the 9th of November. By the 16th of November, DeFi Coin lost a portion of its value and had a value of $0.44. On the 18th of November, however, its price skyrocketed and hit $0.60 once again.
Today, DeFi Coin is trading at a price of $0.42 and has a trading volume of $223,479. Its self-reported market capitalization is $141 million and they are expecting to provide $50 million as liquidity sometime soon.
DeFi Coin (DEFC) Market Price Prediction
DeFi Coin is still young and has a lot to achieve before reaching its full potential. Its upcoming products make it a crypto project to keep a close eye on. Although DEFC has not had a good year in 2021, its future seems promising.
Coin Data Flow
When predicting the price of cryptocurrencies, we have websites that use algorithms and those that use analysis (fundamental or technical). Coin Data Flow is one of the best websites when it comes to algorithmic predictions. Recently, they have featured DeFi Coin. According to their calculations, if DEFC experiences just half of the growth that Bitcoin experienced during previous years, this token could reach a trading value of $5.64 by 2024. Furthermore, if the token manages to experience 100% of Bitcoin’s growth, it could go as high as $77.68 by 2030. However, not much can be concluded when predictions are based solely on algorithms.
Coin Arbitrage Bot
Another prediction website that uses algorithms is Coin Arbitrage Bot. Nevertheless, unlike Coin Data Flow, Coin Arbitrage Bot also uses technical analysis. Using the combination of algorithmic predictions and technical analysis, this website is able to come up with decent price predictions. According to their DeFi Coin forecast, DEFC could be trading at a price of $1.51 by the end of 2024. Moreover, they claim that this token might experience quite some growth as time goes by. By 2025, DEFC could reach a trading value of $2.51.
Crypto Academy Price Prediction
We at Crypto Academy continuously analyze the market and come up with predictions concerning different cryptocurrencies. Through a combination of both technical and fundamental analysis, we came up with a DeFi Coin price prediction for the upcoming years.
DeFi Coin (DEFC) Price Prediction 2022
The year 2021 was not that interesting for DeFi Coin, with this cryptocurrency losing a portion of its value. However, the year 2022 could be the golden year for DeFi Coin. The project is working on its decentralized exchange called the DeFi Swap more and more every day, and this might be a very important factor when it comes to the token’s market performance. DeFi Coin could hit a high of $2.70 sometime during 2022. The token is likely going to meet a resistance level around that price. If it fails to break that resistance level, DEFC may enter a downtrend and end the year at a potential trading value of $1.98
DeFi Coin (DEFC) Price Prediction 2023
Moving on, the year 2023 may prove to be just as good as the year 2022 for the market performance of DeFi Coin. Entering the year with a possible price of between $1.90-$2.00, DeFi Coin could slowly enter an uptrend. This may cause the price of DeFi Coin to increase and possibly set a new all-time of $3.49. On a bullish note, its trading value could go as high as $4.12. DeFi Coin could leave 2023 with a price of $3.75.
DeFi Coin (DEFC) Price Prediction 2024
The biggest event in the cryptocurrency space occurs every four years, and that is Bitcoin halving. This event was last held in 2020 and will do so again in 2021. Moreover, this event is known to have a positive effect on the overall cryptocurrency market. That being said, this event could also affect the price of DeFi Coin. All things considered, DeFi Coin is likely to reach a trading value between $5.50-$7.30 by the end of 2024.
DeFi Coin (DEFC) Price Prediction 2025
This cryptocurrency project has a lot of incoming products, with the main one being the DeFi Swap. By 2025, this swap might undergo improvements and attract more users. Following a great run in 2024, the year 2025 might also be great for DEFC. DeFi Coin could break its all-time high once again and reach a possible price of $9.50. If the market is bearish, however, DeFi Coin might only go as high as $8.70 by the end of 2025.
DeFi Coin (DEFC) Price Prediction 2026
For 2026, the market seems really uncertain for DEFC. Considering that by that time the cryptocurrency industry could achieve mass implementation, the market might become a little bit more stable. Despite the stability that could come, DeFi Coin’s price could increase furthermore. This token might reach a trading value of $11.20 sometime during the third quarter of 2026. Moreover, DeFi Coin could end the year 2026 with a price between $10.50-$11.50.
How to Buy DeFi Coin (DEFC)?
Buying cryptocurrencies and tokens that belong to the decentralized finance sector is not as easy as buying Bitcoin or Dogecoin. Most of these tokens are not listed in any major centralized exchanges. This makes the process of obtaining such coins harder than usual. When it comes to DeFi Coin, however, this token managed to get listed in a big CEX named BitMart.
Step 1: Create an Exchange Account
Creating a BitMart account is fairly easy. Simply go to their website and click on register. There, you will need to fill out some blanks and provide them with your email, phone number, name, and surname.
Step 2: Fund Your Account
Now that you have successfully created a BitMart account, it is time to fund it so you can buy DEFC. Funding your BitMart account is also easy. All you have to do is go to the ‘Buy & Sell’ tab, select USDT as your preferred cryptocurrency, enter the amount you are interested in buying, and click buy. Afterward, choose your payment method and proceed to fill in the required information.
Step 3: Buy DEFC
After funding your account, you are all set to buy DeFi Coin tokens. All that’s left to do is find a decent DEFC market pair. In BitMart, there are two available DEFC market pairs: DEFC/BTC and DEFC/USDT. If you are a beginner, it is recommended that you use the latter. Now, simply enter the amount of DEFC you can afford to buy, click on buy, and hold onto your tokens until you achieve profit.
Where to Buy DeFi Coin (DEFC)?
At the time of writing, you can buy DeFi Coin in PancakeSwap and BitMart. These two options provide DeFi Coin with a decent amount of exposure since one of them is a decentralized exchange while the other is a centralized exchange. However, the market of DeFi Coin could grow in the near future, leading to more exchanges supporting the token.
Will Coinbase list DeFi Coin (DEFC)?
At some point. Coinbase has strict listing criteria, and listing a token that is not that popular nor big may not be what they are aiming to do. That being said, Coinbase might list DEFC in the future. However, when we talk about the short run, it is highly unlikely for Coinbase to list this certain token.
Also Read: SafeMoon Price Prediction 2021 and Beyond – Is SAFEMOON a Good Investment?
- The current global financial system is heavily flawed and the cryptocurrency market might be the better alternative.
- The Decentralized Finance (DeFi) sector is growing rapidly and this could be the beginning of the end for traditional finance.
- Among many other great crypto projects, we have DeFi Coin – a decentralized finance token.
- Similar to SafeMoon, DeFi Coin uses reflections to reward its holders and to incentivize them to hold for as much as they can.
- One of their biggest products is DeFi Swap, a decentralized crypto swapping service.
- DEFC has a total supply of 100 million while its circulating supply is unknown.
- By the end of 2026, DeFi Coin could be trading at a price between $10.50-11.50.