Blockchain technology has already revolutionized the world, and none of us know where it will take us next. As this space grows, so does the number of cryptocurrency projects. Different crypto projects have different purposes, and people usually label them to separate groups. For example, we have smart contract-compatible projects such as Ethereum, Terra Luna, and Cardano on the one hand; and meme-based projects such as Dogecoin, Shiba Inu, and Saitama on the other hand.
Today, we will discuss a crypto project that is most certainly a memecoin – Farmer Doge Token. Although a memecoin, Farmer Doge Token provides several services. Besides elaborating on this token’s fundamentals, we will talk about its future potential and its utility. Adding on, we will present a brief guide on how to buy this token.
Farmer Doge Token Fundamental Analysis
So, what is Farmer Doge Token? Well, Farmer Doge Token is a token that operates on the Binance Smart Chain (BSC). This makes it a BEP20 token. Since it is a BEP20 token, it is way more time and cost-efficient than many other blockchains such as Ethereum. Currently, BSC is known for hosting most of the new projects that are driven by the community. This might be because of several reasons, with the main one probably being the coding aspect. Unlike Ethereum and Cardano blockchains, BSC is easier to code on.
What makes this project unique is its reward system. Similar to most BSC projects, Farmer Doge distributes rewards collected from transaction fees back to its holders. However, unlike most other projects, this token claims to be the first-ever project to provide multi-currency rewards. So, CROP holders are eligible for rewards in the form of different BSC-based tokens. According to their website, you may receive up to 200 different cryptocurrencies and tokens only by holding CROP. Furthermore, they claim to be one of the few projects that automatically provide their holders with rewards. This promotes cooperation between different projects, which is considered crucial in this space.
Charity and Donations
Farmer Doge Token also promotes goodwill and giving back to the community through their charity and donations program. Their website promotes helping farmers manage their waste by making use of their waste. According to their whitepaper, most of the waste is made from fruits and vegetables that don’t have an appealing look. Because of this, the team of this project will continuously meet with farmers and buy the fruits and vegetables that they don’t sell because of this reason. Then, they will bring those healthy fruits and vegetables to local shop owners and restaurants.
They will also cooperate with the restaurants so that they get fresh meals ready for the shelter, where they will distribute food to people in need. In their whitepaper, the team acknowledges the fact that restaurants are not obliged to help them in any way. However, that does not stop them from providing goods to the ones in need.
To build a brand around their project, Farmer Doge created a roadmap using farming terminology. Their roadmap is divided into four phases:
- Planting Seeds
- Fair Launch
- Website Redesign
- Create a Discord
- Sprouts & Growth
- Coingeko & CoinMarketCap Listing
- Team Reveal
- Branches & Leaves
- Launch of Merchandise
- CEX Listings
- Partnerships with Farms
- Fruit & Harvest
- FarmerDoge NFTs
- FarmerDoge Swap
- More CEX Listings
The tokenomics of CROP are similar to those of most other projects that use reflections. Similar to SafeMoon and Glow Token V2, Farmer Doge taxes people on each transaction, with 10% going to redistributions, 3% going to the operations wallet, and 2% going to the liquidity pool.
62% of the total supply was distributed through a private sale where only white-listed wallets could participate in. The remaining 33% was part of the fair launch, while 5% went to the dev wallet.
Farmer Doge Token Price Analysis
Several websites provide different types of charts for Farmer Doge Token. One of the best DApps to use when it comes to BSC tokens is Poocoin App. Their platform provides you with all the information you need for a certain BSC token. This is the case with Farmer Doge Token as well.
According to PooCoin, Farmer Doge reached a trading value of $0.0027 in late-January 2022. However, after reaching such a price, CROP fell below the price of $0.0016, breaking a crucial support zone. Not everything went downhill after that, though. It did not take long for the price of CROP to recover and get back to trading above $0.0023. The real dip came on the 27th of January when CROP hit a yearly low by hitting $0.0009. By the end of January, however, CROP got back to trading at $0.0032.
February was not a good time for the crypto market. Most of the market dipped after Bitcoin’s price began to drop. This includes CROP as well. On the 1st of February, CROP was trading at $0.0023. However, by the 12th of February, Farmer Doge’s price fell to $0.0006. At the time of writing, this token is trading at $0.00049.
Crypto Academy Farmer Doge Token Price Prediction 2022
|Month||Minimum Price||Average Price||Maximum Price|
Farmer Doge Token Price Prediction January 2022:
The year 2022 did not start on a good note for the cryptocurrency market. This does not mean that Farmer Doge won’t be bullish, however. CROP could go as high as $0.0035 by the end of January.
Farmer Doge Token Price Forecast February 2022:
Our forecast shows Farmer Doge having a minimum price of $0.0002 and a maximum price of $0.0021 throughout February. Farmer Doge might end the month of February with a price of $0.0009.
Farmer Doge Token Price Prediction March 2022:
As for March, our prediction shows CROP trading somewhere between $0.0007-$0.00033. However, we believe that the average price could be around $0.0018.
Farmer Doge Token Price Forecast April 2022:
Moving on, April marks the beginning of the 2nd quarter of 2022, which is usually bullish. CROP’s price might go as high as $0.0060 by the end of April.
Farmer Doge Token Price Prediction May 2022:
May might be a continuation of April, with Farmer Doge potentially shooting up. By the end of May 2022, Farmer Doge may be trading somewhere between $0.0062-$0.0073.
Farmer Doge Token Price Forecast June 2022:
Our Farmer Doge price prediction shows CROP dipping a little in June 2022. Farmer Doge might be left trading at $0.0030 by the end of June.
Farmer Doge Token Price Prediction July 2022:
Moving on to July, CROP could go even lower but it is unlikely to go under its support zone. Farmer Doge could be trading at $0.0041-$0.0053 throughout July 2022.
Farmer Doge Token Price Forecast August 2022:
Following the same patterns, August might be similar to the two previous months. Our forecast shows this token with a minimum price of $0.0021 and a maximum price of $0.0045.
Farmer Doge Token Price Prediction September 2022:
Historically, September has been good for the cryptocurrency market. Farmer Doge might use this month to recover and reach a trading value of $0.0039.
Farmer Doge Token Price Forecast October 2022:
Following the footsteps of September, October is likely to be good for Farmer Doge as well. Our prediction shows Farmer Doge with an average price of $0.0057 in October.
Farmer Doge Token Price Prediction November 2022:
As for November, Farmer Doge might reach a price of $0.012 and nearly set a new all-time high. However, if the overall market disappoints, its price might drop to $0.0051.
Farmer Doge Token Price Forecast December 2022:
By the end of the year, Farmer Doge might express a little uncertainty regarding its price. This all depends on Bitcoin’s movements, however. Our forecast shows CROP ending the month of December with a trading value between $0.0071-$0.0092.
Farmer Doge Token Price Prediction 2022 Q1
The 1st quarter of the year 2022 could be quite bad for the overall cryptocurrency market. Currently, several powerful countries are involved in conflicts around the world. This may affect the price of Farmer Doge during this period of time. However, unlike other meme coins, CROP might be able to withstand a price that does not result in losses. Our forecast shows Farmer Doge having an average price of $0.0012 throughout the 1st quarter of 2022. By the end of the 1st quarter, Farmer Doge could begin its recovery.
Farmer Doge Token Price Prediction 2022 Q2
The 2nd quarter of 2022 is likely to be way better than the 1st quarter. Again, every market in the world is experiencing a crisis right now. However, they could begin recovering shortly. Farmer Doge is likely to follow the pattern of Bitcoin and increase in price during the 2nd quarter of the year. This could leave this token with a minimum price of $0.0026 and a maximum price of $0.0073.
Farmer Doge Token Price Prediction 2022 Q3
As for the 3rd quarter of 2022, the market could be way more volatile. Since the pandemic has been dealt with and economies are slowly recovering from the damages that are caused, the crypto market might flourish. Of course, the global tensions between key players such as Russia and the USA will most certainly have a bad effect on the market. However, those things may be overcome soon. Farmer Doge might reach a maximum price of $0.0053 and a minimum price of $0.0019 in the 3rd quarter of the year.
Farmer Doge Token Price Prediction 2022 Q4
The last quarter of the year is usually good when it comes to the price movement of the crypto market. That being said, Farmer Doge could also see some gains. This token might reach a new high in November, leaving it with a possible trading value between $0.0057-$0.0121. However, the lowest this token could go during this quarter of 2022 is likely to be $0.0032. Once again, our predictions consider all possible elements, but not all of these elements depend on the market or the individuals participating in it. Global financial crises or any type of conflict can heavily affect the market.
Crypto Academy Farmer Doge Token Price Prediction 2023, 2024, 2025, 2026
The long-term prediction for Farmer Doge is quite optimistic, mainly because of their vision for the future. Not every project promotes goodwill and charitable activity like Farmer Doge does. Understanding how warming the crypto community is, they might reward the project with mainstream adoption and help them achieve their goals.
Farmer Doge Token Price Prediction 2023
The year 2022 might be quite hard for the crypto community with everything that is going on. However, that does not mean that the same goes for the year 2023. In 2023, the market might experience considerable growth. If Farmer Doge does not fail to deliver and accomplish its promises, its price might increase hugely. Our forecast shows Farmer Doge possibly hitting a price of $0.0162 and setting a new all-time high sometime in 2023.
Farmer Doge Token Price Prediction 2024
Moving on, we have the most awaited year of the decade, the year when the next Bitcoin halving will happen. Every four years, the mining rewards for the Bitcoin network are halved. This is done to keep the inflation rate of Bitcoin under control. Moreover, because of this, Bitcoin is engineered to be deflationary. This event is known for its positive impact on the crypto market. Because of that, we believe that CROP might surpass the $0.03 milestone by the end of the year.
Farmer Doge Token Price Prediction 2025
It is highly likely that the growth that could start in 2024 might continue in 2025. So, the cryptocurrency may continue to set new records in the year 2025 as well. Our prediction shows Farmer Doge potentially reaching a market capitalization of more than $200 million. That would leave CROP trading at a price of $0.05.
Farmer Doge Token Price Prediction 2026
As for 2026, we believe that Farmer Doge could set a new all-time high once again. This is because of the rate of adoption crypto could have as we move further into this decade. Moreover, the mission of Farmer Doge is pure, unique, and very beneficial. This would promote them and increase their exposure, and with more exposure come more investments. That is why our forecast shows Farmer Doge possibly trading somewhere between $0.07-$0.10 sometime during 2026.
Farmer Doge Token Market Price Predictions
One website that makes price predictions for various cryptocurrencies and tokens is Price Prediction. Their most recent prediction for Farmer Doge is not as optimistic as one might expect, considering that CROP is a low-cap, high-potential token. According to their forecast, CROP could be trading at $0.001 by the end of 2024. Furthermore, Price Prediction claims that Farmer Doge is likely to surpass the $0.01 in 2030, 8 years from now.
Korean Jew Trading
Korean Jew Trading is a cryptocurrency Youtuber that also made a prediction video about Farmer Doge. This Youtuber claims that Farmer Doge is one of the hottest coins on the Binance Smart Chain at the moment. Moreover, throughout his video, he stressed the potential of this project and stated that CROP could do a 1000x in the future. This would leave it at a possible price of $0.10.
Digital Coin Price
Another website that makes price predictions is Digital Coin Price. This website is one of the biggest websites for providing algorithmic-based predictions. However, predictions based solely on algorithms are not always accurate. This is because there are several things to consider before predicting the future of a token. Nevertheless, let us take a look at the forecast that this website has for Farmer Doge. According to them, Farmer Doge could be trading at $0.001 in 2025. As for the long-term, CROP might reach a trading value of $0.0025 by the end of 2031.
How to Buy Farmer Doge Token?
At the time of writing, you can only buy Farmer Doge through the PancakeSwap and PooCoin decentralized exchanges. You can buy CROP by following these four simple steps:
Step 1: Create An Exchange Account
The first step towards buying CROP is to create an account on a centralized exchange. Currently, you can only exchange CROP for BNB. Therefore, we suggest you use Binance since exchanges such as Coinbase and Crypto.com do not support BNB. All you need to create an account on Binance is your email address and an official state-issued document.
Step 2: Buy BNB
After successfully creating your Binance account. You will have to buy Binance Coin (BNB). Buying BNB is easy and the Binance exchange provides high liquidity for it. Before buying BNB, you must fund your account. You can fund your Binance account through a credit/debit card or a bank transfer. You can also use the Peer-to-Peer (P2P) section to purchase crypto using Paypal or Pioneer. After you fund your account, simply find a market pair of BNB that suits you and execute the trade.
Step 3: Create and Fund Your Decentralized Wallet
Now that you have bought BNB, you will need a non-custodial wallet such as MetaMask or Trust Wallet. We will be using MetaMask for this example. First off, you will need to download and install the MetaMask browser extension. When you create your wallet, all you need to do is provide a password and write your recovery phrase somewhere safe. Now, you will need to fund it. Since MetaMask is an Ethereum wallet, you will need to add the Smart Chain network on the MetaMask extension and then proceed to send funds to it.
Step 4: Buy CROP in PancakeSwap or PooCoin
After you fund your wallet, all you need to do is connect it to PancakeSwap or PooCoin. After you connect it, simply search for CROP and trade it for BNB. Before executing the trade, make sure that the wallet is connected and that you have allowed “Auto Slippage.”
Frequently Asked Questions (FAQ)
What is Farmer Dogecoin?
Farmer Doge is sometimes called Farmer Dogecoin. However, its official name remains Farmer Doge, and calling it Farmer Dogecoin is not correct. Farmer Doge is a BSC token that claims to be the first-ever token to use a multi-currency rewards system. This means that the rewards for farming/locking your tokens will be given in different BSC tokens, not only CROP.
Is Farmer Doge Token a Good Investment?
Yes. After careful analysis, we believe that Farmer Doge Token is a good investment. This is because of several factors. First off, Farmer Doge Token has a market capitalization of only $4 million. This makes it a low-cap token with loads of potential. Additionally, this crypto project has a vision and a cause for its future.
Can you stake CROP?
Yes. You cannot technically stake CROP, however, you earn reflection rewards for simply holding onto your tokens. This makes it even easier to receive rewards since it does not require any complicated process. So, you will be eligible for rewards simply by holding (HODLing) CROP in your wallet. These rewards will be given from the transaction tax put on people who make transactions.
- There are several groups of crypto projects: meme coins, Metaverse tokens, smart contract projects, etc…
- Farmer Doge is a meme coin that operates on the Binance Smart Chain (BSC). This makes it a BEP20 token.
- Binance Smart Chain is way cheaper and faster than Ethereum because is usually not overcrowded.
- Farmer Doge’s team claims that their project is the first one to introduce multi-currency rewards.
- Although you cannot stake CROP, you will earn rewards just by holding it in your wallet.
- By the end of 2022, CROP might be trading above $0.005, setting yet another all-time high this year.
- As for the long run, CROP could hit a trading value between $0.03-$0.04 by the year 2026.
- All things considered, CROP may prove to be a very good investment. However, always do your own research.