Bitcoin Standard Hashrate Token Price Prediction: What Are Hashrate Tokens And What Is Their Future?

Among the more complex crypto assets there is a type called Hashrate tokens, which might be promising as those tokens serve as a bridge between the worlds of DeFi and mining. One of the prominent examples is Bitcoin Standard Hashrate Token. To find out what is happening with this token and what to expect in the future, you can read this article where we gathered some information, including BTCST coin price predictions.

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Bitcoin Standard Hashrate Token Fundamental Analysis

Project name
Bitcoin Standard Hashrate Token
Stock Symbol
BTCST
Current Price
9.478612
Current Supply
15000000
Official Website

BTCST (Bitcoin Standard Hashrate Token) — is a project aiming to become an intermediary between Decentralized Finances and Bitcoin hashrate assets. It is represented as a cloud mining service that provides participants with exposure to the mining rewards for a lower price. BTCST was set up on Binance Smart Chain in January 2021 and works as a base for the trading, lending, and borrowing protocols to build on. BTCST aims to increase the participation of Bitcoin mining in the open market and to expand the liquidity and productivity of the Bitcoin mining markets. 

BTCST tokens are issued only when qualified miners decide to normalize Bitcoin hashrate and transform it into tokens. Then holders can access Bitcoin mining while being in the DeFi ecosystem and do it at any size, any time with cheaper prices, without running a mining rig. The rewards are paid in BTCB, a wrapped version of BTC on BSC, or in the native BTCST crypto. Each token has a 0.1 TH/s of Bitcoin mining capacity with 60W/Th productivity. 

By staking their assets the holders share their computational power. It allows them to receive the daily redistributions of Bitcoin mined. The snaps of participants’ balances and pool balances are checked every hour to define the rewards. The total supply is limited to the summarized amount of all the tokens staked set as 15 million tokens. On March 15 BCTST coin went through 1:10 token redenomination across the partner’s exchanges and wallets according to the STP-4 step proposal. 

Any appearing material issues related to the project are resolved or initiated by the holders, miners, and differentiated token community. All the decisions, proposals, and their results are recorded within the chain.

Bitcoin Standard Hashrate Token Live Price Chart

According to the technical analysis of the BTCST price, it has been following bearish tendencies since its launch. Only right after the launching token price was growing, reaching an all-time high of $93 on April 15, 2021. After that, it started to drop with slight corrections, and then it has stabilized at the level of $17-20 per token. 

Last month token prices started to grow again and have increased more than 100% since the beginning of September. But the trend lasted just for two days and then started to drop again. BTCST price predictions are mainly not too optimistic. According to most charts, the token price is not likely to grow and it is considered possible for it to completely drop to 0 at any moment. The maximum expected price for the token by the end of 2021 is $87.

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Bitcoin Standard Hashrate Token Technical Analysis

Despite the fact that 100% accurate technical analysis for Bitcoin Standard Hashrate Token cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated BTCST buy-and-sell rating for selected timeframe. The summary for BTCST/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Bitcoin Standard Hashrate Token Price Prediction

Below we have collected the most reliable price projections for Bitcoin Standard Hashrate Token (BTCST) from popular forecast platforms.

Bitcoin Standard Hashrate Token Price Prediction for 2022

As of the end of 2022, Bitcoin Standard Hashrate Token price predictions are mostly pessimistic, predicting a decline to $9.02995 (TradingBeast) and even lower, down to $1.596 (according to WalletInvestor) by the end of 2022.
Potential ROI: -34% Sell

Bitcoin Standard Hashrate Token Price Prediction for 2023

In their Bitcoin Standard Hashrate Token price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $11.91 by December. Forecasting Bitcoin Standard Hashrate Token's future, TradingBeast expects further growth, too, saying the Bitcoin Standard Hashrate Token price will reach ~$14.70816 by that time. On the contrary, WalletInvestor keeps predicting Bitcoin Standard Hashrate Token price decline, quoting prices around ~$1.111 in 2023.
Potential ROI: -2% Sell

Bitcoin Standard Hashrate Token Price Prediction for 2024

Bitcoin Standard Hashrate Token price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $17.81–$18.27668 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.648 in December 2024.
Potential ROI: 29% Buy

Bitcoin Standard Hashrate Token Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 Bitcoin Standard Hashrate Token price prediction, valuing Bitcoin Standard Hashrate Token at $20.90204 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $25.88 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their Bitcoin Standard Hashrate Token price prediction for December of this year is just $0.618.
Potential ROI: 67% Buy

Bitcoin Standard Hashrate Token Price Prediction for 2030

Speaking of long-term Bitcoin Standard Hashrate Token price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that Bitcoin Standard Hashrate Token price will grow further and eventually reach $19.229877 by the end of the decade. PricePrediction.net’s price prediction for Bitcoin Standard Hashrate Token echoes with the projection of an uptrend to $184.72. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $0.8343.
Potential ROI: 620% Buy
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Summary

As it can be clear from the analysis cited above, Bitcoin Standard Hashrate Token (BTCST) projections are rather contradictory. There is no universal consensus either about positive or negative future BTCST price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Bitcoin Standard Hashrate Token projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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