With new cryptocurrencies being launched every day, the market has never been as big. Recently, the total market capitalization has hit $3 trillion for the first time in history, indicating that this industry may only keep growing in the future.
Due to the hype for Dogecoin-influenced cryptocurrencies at the moment, such projects are continually being developed and bringing new features for investors. One particular cryptocurrency that has the potential to surpass all the other meme-influenced coins is FarmerDoge (CROP).
In this article, we are going to go through the fundamentals of FarmerDoge and provide you with some price predictions for this promising project. Let’s begin with some brief information about FarmerDoge.
FarmerDoge (CROP) Fundamental Analysis
FarmerDoge is one of the youngest projects in the cryptocurrency market. It aspires to be a one-of-a-kind cryptocurrency that solves various issues that many other blockchain-based cryptocurrencies are facing, especially the ones that are influenced by memes.
At its core, Farmer Doge promotes a multi-dividend token infrastructure. Built on the Binance Smart Chain (BSC), FarmerDoge allows users to farm any token on the BSC ecosystem.
The name FarmerDoge is primarily based on the farming mechanism that this project provides, as well as its inspiration from Dogecoin (DOGE). The native token of FarmerDoge is CROP.
What makes FarmerDoge unique is the fact that it allows any BSC-based token to be farmed. Other cryptocurrencies do not offer such a feature as only one kind of token can be farmed. Furthermore, other tokens have a manual reward claiming mechanism, where users need to collect their rewards manually by connecting their wallets and paying gas fees.
Additionally, with reflections and distribution, users need to sell their reflections to gain profits. This can cause people to think that people are not holding and cause unnecessary fear.
FarmerDoge solves such issues. First of all, multiple tokens can be farmed. This differentiates FarmerDoge from other projects that provide farming features. Even more, newly launched tokens can be farmed as well, giving traders multiple farming opportunities that can be lucrative and efficient.
Secondly, rewards are distributed automatically. This is done from transactions. From each transaction, a tax is imposed, playing the role of a disincentive for people to trade and as an incentive to hodl tokens. The only thing a person has to do is to add the contract to the wallet once, and rewards are distributed automatically.
In terms of community, FarmerDoge is continuously increasing. FarmerDoge aims to help the community through its charitable activities. Some of the biggest problems that farmers face are a large number of fruits and vegetables that are thrown away if they are not aesthetically pleasing for markets, even if they are still edible and healthy.
On the other hand, many people are left hungry in the world or even attempt to grow and cultivate their own food. The homeless rate is drastically increasing even if there is economic growth in major countries.
FarmerDoge attempts to solve such issues as well. First off, they plan to buy all the fruits and vegetables that originally would be thrown away. Such food is planned to be given as donations to NFOs that provide food for homeless people.
Not only that but the fruits and vegetables that the community buys can be given to restaurants or shelter kitchens. By dropping such packages to food banks and shops, it can help such entities to minimize production costs and maximize productivity.
When looking at the roadmap of FarmerDoge, we can see four main phases.
The first phase, known as Planting Seeds, entails establishing the community and connecting with the community through social media. This has already been completed.
The second phase, named Sprouts & Growth, plans to be listed in CoinMarketCap and Coingecko, as well as complete audit regulations.
Branches & Leaves, the third phase, entails being listed in major exchanges and partnering with farms that help grow the merchandise.
Lastly, the Fruit & Harvest phase plans to develop Non-Fungible Tokens (NFTs) and the FarmerDoge swap, which enables users to use Decentralize Finance (DeFi) services.
Not much is known about the creators of the project, who go by the pseudonyms of The Quest, CPT Scruffbeard, and Sky. The Quest is the CEO, and as the whitepaper of FarmerDoge suggests, has enough expertise through the many blockchain-based projects that he has been involved in.
CPT Scruffbeard is the COO of the project and has also been in billions of dollars worth of projects. Last but not least, Sky is the CMO of the project, and this person was involved in Fintech company for around a decade.
Let’s look at the tokenomics of FarmerDoge.
The total supply is 10 billion CROP. From this supply, 5% is distributed to the developers; 33% to fair launch; and 62% to private investors. In the taxation of transactions, 10% goes to reward holders; 3% to operations wallet; 2% to the liquidity pool.
FarmerDoge (CROP) Price Analysis
CROP started its journey at around $0.0000069. The price had a major bullish breakout, reaching $0.00002 within a day.
After that, the price was in consolidation and relatively stable, and then it started increasing again at large rates recently, joining the hype of other booming meme-influenced tokens. One reason for this increase was the CoinMarketCap listing. The price has reached an all-time high at around $0.0009.
With this price and a total supply of 10 billion CROP, the fully diluted market cap of FarmerDoge is around $5 million. This indicates that there is plenty of room for FarmerDoge to grow in the coming weeks.
FarmerDoge (CROP) Market Price Prediction
Various experts in the industry predict that coins such as FarmerDoge have the potential to climb in the top 100 rankings due to the goals and fundamentals that differentiate them in the market.
For instance, priceprediction.net forecasts that CROP can increase in the coming months and even reach $0.001. In the longer run, they predict that CROP can go as high as $0.02.
YouTuber House Of Crypto gives an analysis on FarmerDoge and showcases how unique this cryptocurrency is. While they do not give n exact estimate on how much can FarmerDoge can grow, they suggest that it can grow at large rates due to its potential. After all, it is the first Dogecoin-influenced cryptocurrency to reward hodlers from farming various types of tokens.
https://www.youtube.com/watch?v=U44lFg_tQSo
Zarmeena Tech, another YouTuber, provides her prediction on FarmerDoge. Due to the tokenomics, fundamentals, and roadmap, she predicted that CROP can increase 500x in 2021. When the prediction was made, it suggested that CROP could go as high as $0.005 soon.
Also Read: Dogelon Mars (ELON) Price Prediction 2022 and Beyond – Can ELON Eventually Hit $1?
https://www.youtube.com/watch?v=ZwjhFM2_cyQ
Crypto Academy FarmerDoge Price Prediction
Due to the potential that this project has, whether it is from the swapping system that they are working on or NFTs. Therefore, we at Crypto Academy predict that the price of CROP can surge upwards and reach new highs very soon.
FarmerDoge (CROP) Price Prediction 2022
With its relatively low market cap compared to the potential that FarmerDoge has, we could expect the price of CROP to go as high as $0.002 in this bull run. As for 2022, we could see the momentum continuing and CROP reaching a high of $0.008.
FarmerDoge (CROP) Price Prediction 2023
In 2023, the price of CROP could be relatively stable. Throughout the year, CROP could range from $0.01 and $0.03. A high of $0.05 is possible as well.
FarmerDoge (CROP) Price Prediction 2024
In 2024, we could see the price of CROP decline at large rates. Nonetheless, in the last quarter of the year, we could see CROP and other cryptocurrencies enter another bull run due to the BTC halving that is planned to occur in 2024. CROP could reach $0.10
FarmerDoge (CROP) Price Prediction 2025
As the bull run continues in the early months of 2025, we can see CROP increase at larger rates. With BTC reaching immense heights as many experts project, we could see cryptocurrencies like FarmerDoge continue in the same manner. CROP could reach $0.40 in 2025.
FarmerDoge (CROP) Price Prediction 2026
Last but not least, cryptocurrencies are on the pace to become the most important investments in the world, and blockchain technology might be adapted at most of the major companies and businesses in the world. With this in mind, considering that NFTs are also becoming more potent in the market, we could see CROP reach a high of $1 in 2026. This would mean a fully diluted market cap of $10 billion for FarmerDoge.
How to Buy FarmerDoge (CROP)?
Step 1: Create a MetaMask Account
Since FarmerDoge is not listed in major cryptocurrency exchanges yet, you can only buy it in PancakeSwap. To do so, you need to create a MetaMask wallet first. You need to type down the recovery seed phrase and provide a safe password in order to do so. You also need to add the BSC to the MetaMask wallet.
Step 2: Fund Your Account
Once you create an account and add BSC, you need to fund your account with BNB tokens. You can do so by directly buying in Binance and then transferring your purchased BNB to your MetaMask account.
Step 3: Buy CROP
After you fund your account, you need to go to PancakeSwap and connect your MetaMask wallet with it. Then, all you need to do is type the address of FarmerDoge, type the amount of CROP you want to buy with your BNB, and simply press “SWAP.”
Frequently Asked Questions (FAQ)
Can FarmerDoge hit 1 cent?
Yes, FarmerDoge can soon hit 1 cent due to its incredibly promising project as well as its low market capitalization. As more people understand the utility that FarmerDoge has, the price can even go close to $1 in the long run.
Will the price of CROP increase?
As the supply is limited and as the demand for Dogecoin-like cryptocurrencies increases, the price of CROP can increase as well. Furthermore, FarmerDoge is the first meme-based cryptocurrency to give farming rewards with various types of tokens.
Where can I buy FarmerDoge?
In order to buy CROP, you need to have a MetaMask wallet and connect it with PancakeSwap. Once you fund your account, you can buy CROP.
Also Read: Dogecoin Price Prediction 2022 – What Will the Dogecoin Price be in 2022 and in Next Years to Come?
Takeaways
- FarmerDoge (CROP) is one of the youngest and most promising cryptocurrencies in the market.
- FarmerDoge provides farming opportunities by using other types of BSC-based tokens.
- CROP is the native token of FarmerDoge, and the maximum supply of FarmerDoge is 10 billion CROP.
- FarmerDoge team is now working on being listed on major exchanges, NFTs, and FarmerDoge swapping.
- The community is continually increasing, and the project aims to prevent edible food from being wasted but rather given to people in need.
- CROP has hit an all-time high at around $0.0009 recently.
- Various experts predict that the price of CROP can increase at large rates in the future.
- To buy CROP, you need a MetaMask wallet and connect it with PancakeSwap.