Qredo Price Prediction: How High Can Qredo Crypto Go?

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What Is the Qredo Price Prediction Today

AT A GLANCE

  • In 2024, Qredo price is expected to reach $0.045284976000000005, according to some experts
  • 2025 promises to be turbulent, with prices ranging from $0.009225645000000001 to $0.033537933, with TradingBeast predicting a breakthrough leading to a price rise to $0.033537933
  • By 2030, QRDO price can hit $0.045284976000000005

Qredo Fundamental Analysis

Project name
Qredo
Stock Symbol
QRDO
Current Price
0.02783
Current Supply
2000000000
Official Website

Qredo is a decentralized infrastructure platform designed to facilitate secure digital asset custody and settlement, offering the security of cold storage with the flexibility and efficiency of hot wallets.

Qredo was founded in 2018 by Anthony Foy and Brian Spector with the aim to cater institutional investors, offering features like compliance tools, governance mechanisms, and secure key management. This includes features like detailed audit trails, multi-signature approvals, and adherence to AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations. 

Qredo uses advanced cryptographic techniques, specifically Multi-Party Computation (MPC), to ensure secure key management without the need for a single point of failure. This method enhances the security of private keys by distributing their computation across multiple parties. 

Multi-party computation (dMPC) distributes shards of private keys across network nodes. These dMPC nodes collaboratively sign transactions without ever reconstructing a private key in a single geographic location, significantly reducing the risk of private key theft or loss.

The use of MPC allows multiple parties to jointly compute functions over their inputs while keeping those inputs private. This technique is central to Qredo’s approach to secure key management and transaction authorization.

The Qredo Network operates as a Layer 2 solution, enhancing the scalability and speed of transactions. It offloads transactions from the main blockchain, reducing congestion and fees while maintaining security.

The platform supports cross-chain interoperability, allowing assets to be securely settled across different blockchain networks. This is crucial for institutions needing to move assets between various blockchains without compromising security or efficiency.

Qredo provides robust governance frameworks, enabling institutions to enforce multi-signature policies, conduct audits, and comply with regulatory standards. This is essential for institutional clients who need to adhere to strict compliance requirements.

In a significant leap towards enhanced security, Qredo transitioned its validator nodes to Trusted Execution Environments (TEEs) on the cloud, marking the first step towards achieving multi-cloud decentralization. By utilizing state-of-the-art TEE technology, Qredo ensures that operational data remains protected from third-party access, including Qredo itself, thereby amplifying the privacy and security of users’ digital assets. This transition aligns with Qredo's ethos of decentralization and also enhances the performance, scalability, and resilience of the Qredo Network.

Despite its complex backend, Qredo aims to offer a user-friendly interface for managing digital assets. This includes dashboards for tracking assets, managing transactions, and enforcing security policies.

Qredo actively engages with its community through various channels, including social media, forums, and events. This helps to build a strong, supportive user base and fosters collaboration and innovation.

Qredo has its native token, QRDO, which is used within the ecosystem for governance, staking, and incentivizing network participants. The token plays a critical role in maintaining the security and decentralization of the network. QRDO is an ERC-20 asset with a total supply of 2 billion. 

In 2023, despite a temporary market lull before its resurgence, Qredo experienced remarkable growth, with network activity increasing by 86.58%. Transactions rose from 895,138 in December 2022 to a cumulative total of 1,670,121 by December 2023. Additionally, the number of unique wallets saw significant growth, jumping 56.49% from 76,577 at the end of 2022 to 119,835 by the end of 2023.

Adding to the sustainability of the Qredo ecosystem, the introduction of the burn mechanism in QRDO token protocol fees ensures an additional layer of value and long-term viability. A total of 405,905,186 QRDO tokens were burned through two mechanisms: governance-voted burns and protocol fee-based burns.

Qredo's dedicated efforts have driven the ongoing development of the Fusionchain testnet, paving the way for a future blockchain that introduces self-custody primitives. This innovation allows third-party developers to create independent self-custodial applications.

Recently, ​​in 2023, Qredo introduced a new API suite. This revamped API addresses existing challenges and provides a versatile toolkit that not only mirrors but also expands upon the functionality of the Qredo Web App. It enables a more comprehensive and efficient way to custody assets programmatically and interact with web3. The API is built upon three guiding principles: Uncompromising Security, Web3 Connectivity, and Resilient Scalability.

Qredo Live Price Chart

From the very beginning of December 2023, the QRDO price chart was growing at a rather fast pace. In just 4 first days of the month, the price went from $0.043 to $0.062, and then remained around this level for the next week, bouncing between $0.057 and $0.064. After December 13 the QRDO token value went for a market correction and dropped to $0.048 by December 22. 

Right after reaching this point, the QRDO price chart started growing again, showing good gains in the following week. By December 27 to swap QRDO traders paid $0.072. However, at this price level, the token was overbought so the next day the price went down for a correction, and on December 31 the value of QRDO was at $0.057. It bounced around this level for another few days till January 3, 2024, and then made another attempt to establish a higher price level.

On January 5 users had to pay $0.067 to swap 1 QRDO token, but from the next day, the price chart established a new downtrend. The value of the Qredo network native token kept declining till January 9. Then the price stabilized just for a couple of days went up to $0.054 just for a day, and continued going down again. This time the downtrend was much longer and the QRDO price stopped declining only by February 2 when to swap the Qredo network token traders paid only $0.028. 

At this point, the price of the QRDO token was too low, so it went for a recovery to $0.038 on February 5 and then dropped a little bit to around $0.032 and remained around this level till February 20. In the last week of the month, the price of QRDO declined a bit more, dropping to $0.030. After reaching this point the price chart started growing again, reaching $0.034 by February 28, and then continuing to go up at a faster pace. By March 4 the price chart reached $0.068, was corrected for a while to the level of around $0.052 just for a day to continue growing again. 

In the following few days, the value of QRDO skyrocketed, reaching $0.088 by March 9f. This level, however, was too high to maintain for an extended period of time and the next day the price chart started declining. On March 20 the value of the QRDO reached $0.050, bounced around this level for a week, and then established a new uptrend. From March 27 and till April 1 the QRDO showed many gains, reaching $0.080. 

Again the Qredo network token price couldn’t remain this high for a long time and 2 days later it started going down, establishing quite a long and steady downtrend this time. By April 17 the price chart reached $0.041 and then continued declining, moving downwards in a series of ups and downs. Almost a month later by May 11 to buy QRDO tokens traders paid $0.032 and the price continued to go down further till the moment of writing on May 22. By that time the value of QRDO was at $0.032. 

As the crypto market is starting to recover from the April-May downtrend, there is a possibility for the QRDO price chart to show some gains in the near future if the crypto market also turns more bullish.

Qredo Technical Analysis

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

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Qredo Price Prediction

Below we have collected the most reliable price projections for Qredo (QRDO) from popular forecast platforms.

Qredo Price Predictions Summary

Year
Average Price
Avg. Price / Pot. ROI
Potential ROI
2024
$0.03601295
10%
10%
2025
$0.01901253
-40%
-40%
2026
$0.01577961
-46%
-46%
2027
$0.03560292
15%
15%
2030
$0.02485497
-30%
-30%

Qredo Price Prediction for 2024

As for Qredo price predictions for 2024, there are divergent opinions. PricePrediction.net expects an upturn towards $0.03145, and WalletInvestor echoes with ~$0.04008 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about Qredo’s future price, citing numbers downwards of $0.02059 in December.
Potential ROI: 10% Buy

Qredo Price Prediction for 2025

In their Qredo price predictions for 2025, WalletInvestor forecasts the coin’s price to go down to $0.01085 by December. Forecasting Qredo future, PricePrediction.net expects further decrease of its price, too, saying the Qredo price will reach ~$0.0103 by that time. On the contrary, TradingBeast keeps predicting Qredo price growth, quoting prices around ~$0.02866 in 2025.
Potential ROI: -40% Sell

Qredo Price Prediction for 2026

The experts are unanimous in their Qredo price forecasts for 2026 — everybody expects Qredo’s price to drop down by the end of that year. WalletInvestor predicts the price to fall, reaching $0.02477. According to PricePrediction.net’s research, Qredo’s price can drop down to $0.00334. TradingBeast’s forecast is also not so positive: its analysts hold the view that by 2026 Qredo’s price will be about $0.01698.
Potential ROI: -46% Sell

Qredo Price Prediction for 2027

PricePrediction.net has only optimism in store for the 2027 Qredo price prediction, valuing Qredo at $0.03089 by the end of 2027. WalletInvestor agrees with a positive forecast and predicts, in turn, $0.04258 for the same period. On the other hand, TradingBeast’s team is more pessimistic — their Qredo price prediction for December of this year is just $0.02226.
Potential ROI: 15% Buy

Qredo Price Prediction for 2030

Speaking of long-term Qredo price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Qredo price won’t grow further and, opposedly, will decline to $0.01197. PricePrediction.net’s price prediction for Qredo echoes with the projection of a downtrend to $0.007514. Despite this, TradingBeast’s vision remains positive, promising growth up to $0.03924.
Potential ROI: -30% Sell

Author

June Katz
June Katz is a writer who is really interested in finance, trading, blockchain, and tech. As a SwapSpace author, she enjoys making content about crypto and other related topics.

Summary

As it can be clear from the analysis cited above, Qredo (QRDO) projections are rather contradictory. There is no universal consensus either about positive or negative future QRDO price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Qredo 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).
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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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