In this guide, we will express our and the market’s view on future SRM as we discuss the Serum price forecast for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like the Serum.
Now, let’s get into it.
Before delving into Serum price forecasting and answering questions about whether SRM is a good investment or not, why SRM will succeed or fail, or why the Serum price will rise or fall, let’s quickly take a look at what SRM is and its history to date.
What is Serum?
Serum is a decentralized permissionless exchange (DEX) and blockchain ecosystem built on Solana and developed by the Serum Foundation. The project was co-founded by Sam Bankman-Fried, CEO of the FTX exchange and an active contributor to the Solana ecosystem.
In the DEX, and also in the broader ecosystem, Serum aims to improve the state of decentralized exchanges by bringing all the benefits of a centralized exchange to the DeFi space.
Serum ($SRM) Token
$SRM is the governance token of Sium based on the Solana blockchain, but alternatively it also has an Ethereum or ERC-20 version.
About SRM 10 billion was minted as the maximum supply at the beginning; of which about 175 million tokens will circulate initially and grow to 181 million tokens after the IEO (see below). This amount is therefore expected to grow by about 15% per year. It gives holders governance power over the Serum ecosystem. While most of the components of Serum are considered immutable, some parameters, such as future fees, can be changed through SRM governance votes. Net prices are used to purchase and burn SRM tokens.
SRM can be wagered and can also be used to pay taxes. This gives SRM holders up to 50% off all trading costs. In addition, 90% of all SRM tokens are designed for long-term retention or blocking. This is to ensure that the team is here for the long term.
SRM Price Forecast for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Serum Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
SRM Price Prediction 2025 – 2030 – 2040
Our forecast model predicts that SRM will fall from 2022 highs to lower levels in 2025, mainly due to its unfavorable tokenomics and crowded use case.
The SRM price in 2030 and 2040 could be close to zero as we don’t see a bright future for it in the distant future.