The Solo core team is a community of developers who have created two Sologenic products, namely Sologenic.org and Sologenic.com. Here, Sologenic.org focuses on making Sologenic a decentralized ecosystem, and Sologenic.com focuses on launching Sologenic
ecosystem use cases.
Therefore, Sologenic is a decentralized platform that focuses mainly on the development of NFTs, digital assets, and tokenized securities.
SOLO is the native Sologenic token. It has a maximum supply of 400,000,000 tokens and of which 399,947,699 SOLO tokens are already in circulation.
The following are the use cases of the SOLO token
:
- SOLO token holders can earn rewards of up to 20% by participating in the LPRP (Liquidity Provider Reward Program).
- Tokens can ONLY be staked to earn rewards.
Characteristics and main facts
- The Sologenic project is being launched by developers who are working on different projects around XRP.
- The platform has a deflationary mechanism to increase the value of the SOLO token, that is, it burns 100% of the transaction fees to reduce the supply of tokens.
- The Sologenic platform provides a DEX where users can exchange the tokenized assets against XRP or SOLO.
- The platform allows users to trade at the speed of light.
- Users are free to build their trading panel with Sologenic DEX.
- Sologenic has launched an NFT marketplace where users can exchange and mint NFTs with zero gas fees.
- According to the data, Sologenic’s decentralized exchange recorded more than 250,000 transactions every week.
Finally, Sologenic’s main areas are the DEX and NFT markets. However, there are plenty of established NFT markets and decentralized exchanges available on the market. Therefore, Sologenic doesn’t have anything unique to offer
.
However, the team is actively trying to expand SOLO’s use cases. This also includes granting voting rights to SOLO holders.
Overall, considering Sologenic’s use cases and key features, it doesn’t seem to be a good case for investments, unless it expands its use cases into the real world.
Table of Contents:
Sologenic (SOLO) Price Prediction: Will Sologenic reach $10?
To reach $10, the SOLO token must grow by almost 58.8 times its current market price.
In addition, Sologenic reached its all-time high price of $6 in December 2021, where it grew nearly 30-fold in just two months (that is, from its lowest price of $0.2 in October 2021).
Therefore, considering its 15-fold growth in a month, the SOLO token can be expected to reach $1 in the next 4 months.
However, it may take a little longer depending on market conditions and economic factors. Therefore, we shouldn’t expect Sologenic to reach $10 like this before.
Sologenic (SOLO) Price Prediction: Can Sologenic Reach $1,000?
The SOLO token must grow by about 5,882 times its current market price, to reach a market price of $1,000.
In addition, it showed 15-fold growth in a month (as discussed earlier). Therefore, to reach $1,000, the SOLO token will take a minimum of 392 months (more than 32 years)
.
Therefore, it’s not very feasible for Sologenic to reach $1,000. In addition, it could take longer depending on the macro and microeconomic conditions of the market
.
Sologenic (SOLO) Price Prediction 2023, 2025 and 2030
- The Sologenic (SOLO) 2023 price prediction is $0.33
- Sologenic (SOLO) Price Prediction 2025 is $0.61
- Sologenic (SOLO) Price Prediction 2030 is $3.01
Where can I buy Sologenic Crypto?
SOLO tokens can be purchased from some centralized and decentralized crypto exchanges such as Huobi, Gate.io, Bybit, MEXC, CoinEx, HitBTC and PancakeSwap.
