The purpose of this article is to provide an in-depth analysis and prediction of the ParaSwap (PSP) price.
We will use various analytical tools and market trends to come up with a comprehensive price forecast.
Our prediction will be based on an array of factors including, but not limited to, market sentiment, technological advancements, and the overall crypto market trends.
These factors have a significant impact on the price volatility of cryptocurrencies, and understanding them can help in making informed investment decisions.
ParaSwap (PSP) Fundamental Analysis
| Project Name | ParaSwap |
| Symbol | PSP |
| Current Price | $ 0.019484 |
| Price Change (24h) | -3.07% |
| Market Cap | $ 14.51 M |
| Volume (24h) | $ 229,506 |
| Current Supply | 744,976,909 |
ParaSwap (PSP) is currently trading at $ 0.019484 and has a market capitalization of $ 14.51 M.
Over the last 24 hours, the price of ParaSwap has changed by -3.07%, positioning it 913 in the ranking among all cryptocurrencies with a daily volume of $ 229,506.
ParaSwap (PSP) Long-Term Price Prediction
| Year | Lowest Price | Average Price | Highest Price |
|---|---|---|---|
| 2025 | $10.5 | $13.6 | $17.5 |
| 2026 | $14.3 | $18.7 | $22.2 |
| 2027 | $12.1 | $15.0 | $18.9 |
| 2028 | $10.0 | $13.0 | $15.9 |
| 2029 | $15.5 | $20.0 | $24.0 |
| 2030 | $20.6 | $25.8 | $31.2 |
ParaSwap Price Prediction 2025
For 2025, we predict a notable growth with the lowest price reaching $10.5.
As increased adoption and regulation of crypto assets happen, PSP’s average price could catapult to $13.6, peaking around $17.5.
The upward surge may be prompted by the expanding DeFi ecosystem and PSP’s role in facilitating a better user experience in token swaps.
ParaSwap Price Prediction 2026
The bullish trend continues into 2026, where the PSP token may experience a low of $14.3 and an exhilarating yearly average of $18.7.
PSP’s highest price may reach around $22.2, stemming from increased institutional involvement in DeFi and the rising usage of PSP for its innovative features.
ParaSwap Price Prediction 2027
In 2027, due to market correction, we predict lowered valuations in PSP token price.
The lowest price might recede to $12.1, with an average price around $15.0.
Notwithstanding, PSP could hit $18.9 as its highest, reflecting a short-term resilience of the broader market.
ParaSwap Price Prediction 2028
Continuing the adjustment phase in 2028, PSP’s price range may further moderate.
The lowest price could descend to $10.0 and the average price is projected to settle at $13.0.
PSP’s highest price might touch around $15.9, highlighting a period of value reassessment in the market.
ParaSwap Price Prediction 2029
Reversing from the previous two years’ trend, 2029 could see PSP gaining performance momentum.
The lowest price is expected to be around $15.5, and the average price could catapult to about $20.0.
The highest PSP price could reach $24.0 in a bullish market resultant of positive policy changes and PSP’s growth.
ParaSwap Price Prediction 2030
By 2030, we foresee a staggering increase in PSP’s price.
The lowest price could reach $20.6, with an average price surging to about $25.8.
An optimistic upper price limit of $31.2 might be achievable if PSP builds upon its user base and maintains a competitive edge in DeFi services.
ParaSwap (PSP) Technical Analysis
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Technical Analysis is a method of evaluating securities by analyzing the statistics generated by market activity such as past prices and volume.
It is crucial for ParaSwap price predictions because it provides tools for identifying price patterns and trends in order to forecast potential future price movement.
- Moving Averages: This indicator helps to smooth out price data to create a line that reveals the overall direction (trend) of the coin’s price. This can aid in determining whether an upward or downward trend is about to happen.
- Relative Strength Index (RSI): RSI is a momentum oscillator that measures the speed and change of price movements. It can show when a coin might be overbought or oversold, indicating a potential market reversal.
- Volume: Volume is the number of shares or contracts traded in a security or market during a given period. For PSP price predictions, a rise in volume can signal a growing trend, while a drop in volume could indicate a weakening trend.
ParaSwap Price Predictions FAQs
What is ParaSwap?
ParaSwap is a decentralized exchange (DEX) aggregator that sources liquidity from various exchanges to provide users with the best possible trading rates. The platform’s native governance token is PSP, which is used for voting on proposals and earning rewards on the platform.
Can ParaSwap reach $10?
It’s impossible to predict exact prices as they depend on a multitude of factors including market trends, overall cryptocurrency market health, and more. Technical analysis can help to anticipate potential price moves, but it is not a guarantee or sure prediction.
Is ParaSwap a good investment?
Investing in any cryptocurrency, including ParaSwap, comes with its risks because of the highly volatile nature of the market. It’s important to do comprehensive research and consider getting advice from a financial advisor before investing in cryptocurrencies.
How does ParaSwap work?
ParaSwap aggregates liquidity from various decentralized exchanges and automated market makers (AMMs) to provide the best possible trade rates for its users. Users can swap tokens directly from their crypto wallet using the platform, and PSP token holders can vote on governance proposals and earn rewards.
