Discover the transformative potential of the SSV Network and its native token, a groundbreaking force within the Ethereum ecosystem. This innovative infrastructure not only bolsters the security and governance of Ethereum but also introduces new opportunities for both stakers and operators. As we delve deeper into the world of SSV, you'll gain insights into its unique features, strategic partnerships, and its role in Ethereum's future. Read our SSV token price prediction to explore the growth prospects of this dynamic cryptocurrency.
Back
SSV Network Price Prediction: What Is SSV Price Target for 2030?
Swap Tracker
Wanna get a free genesis NFT and cashback for SSV swaps?
Table of Contents
SSV Network Fundamental Analysis
Project name
SSV Network
Stock Symbol
SSV
Current Price
23.74755959103626
Current Supply
11076871
Official Website
ssv.network is a decentralized staking infrastructure designed to facilitate the collaborative operation of an Ethereum validator. This is accomplished by dividing a validator's key into multiple parts, typically four or more, which are managed by separate nodes known as 'multi-operator nodes.' These nodes work together to carry out the responsibilities of the validator through a consensus mechanism. In simpler terms, the protocol converts a validator's key into a multi-signature arrangement governed by a consensus layer.
ssv.network serves as a foundational layer 0 solution, offering the essential infrastructure for dividing and managing validators among diverse node operators. Its primary goal is to advance the decentralization of network security and governance, with the ultimate aim of enhancing the scalability of the Ethereum network.
A Validator Key plays a crucial role in signing transactions and earns rewards each time it successfully accomplishes this task. However, there's a critical challenge associated with validator keys – they must remain online at all times to prevent network disruptions and the imposition of penalties in case of downtime. One issue that has already been observed is network outages caused by offline validator keys, often resulting from relying on a single operator.
With ssv.network, the solution lies in breaking down a validator key into what we call 'KeyShares.' This division of responsibility for keeping the key online is spread among multiple participants, thereby optimizing its uptime and mitigating the risk of network interruptions.
The innovative protocol enhances the resilience, operational continuity, and fault tolerance of nodes within the Ethereum ecosystem. By distributing validator keys among multiple node instances, it represents a significant advancement compared to existing staking models, which often face limitations in the following areas:
- The ability to securely store validator keys offline.
- Achieving 'active to active' redundancy for enhanced reliability.
- Customizability of node instances to suit specific needs.
- Utilizing a threshold signature scheme for improved security.
ssv.network stands as the pioneering public implementation of the SSV concept. Originally conceived as a research project by the Ethereum Foundation in 2019, it has evolved into a decentralized autonomous organization (DAO) governed network. This network is driven by a community consisting of stakers, developers, and node operators, all working together to advance and support the SSV ecosystem.
Stakers commit their ETH holdings for a specific duration to enhance the security of the Ethereum network. Operators take on the responsibility of overseeing validators and performing various tasks on Ethereum's Beacon Chain, which is its Proof-of-Stake execution layer. Operators are frequently organized as limited liability companies (LLCs). Importantly, both stakers and operators can stake ETH and offer assistance by managing stakes on behalf of others. DAO members are entrusted with the crucial role of contributing to the governance of the network.
In its architectural design, ssv.network consists of two distinct layers:
- SSV P2P Network: This serves as the execution layer of ssv.network, responsible for the operational aspects of the network's validators.
- Contract Layer: This layer functions as the management and governance layer. It is the place where modifications are enacted, and network fees are processed.
SSV is the native cryptocurrency of the platform, acting as the bridge connecting the community with the broader SSV ecosystem. The token fulfills two primary functions within this ecosystem: facilitating payments and enabling governance.
Operators have the autonomy to establish their own fee structures and receive annual compensation from stakes in SSV tokens. A segment of the fees collected by operators is subsequently allocated to the DAO treasury. With an increase in the amount of ETH staked within the SSV Network, both operators and the DAO treasury will experience a rise in fee revenues, leading to the protocol's positive expansion.
The SSV token has a total supply of 11,012,871 SSV with 10 million tokens in the current circulation.
SSV Network Live Price Chart
In the middle of September 2022, the price of the SSV token was at $16.17 but was moving downwards. For 1.5 months the downtrend wasn’t very rapid, and by October 22 the SSV price fell only to $9.39. After that point the native token of the ssv.network made a recovery attempt, jumping to $11.81 by the very end of the month, but couldn’t remain there and after swinging between $11.7 and $10.2, it fell to $7.04 by November 10 but then recovered a little bit, reaching the level of $7.7-$8 in the mid-November.
After 2 weeks of trading around that level, the SSV token again grew a little bit and was trading for around $9.7-10. For the next couple of weeks, the SSV price chart stayed rather stable around that level, only growing again by December 10. In a few days, the SSV price reached $12.12, but it couldn’t stay there and went declining from the next day.
From the middle of December till the very beginning of January 2023, the SSV price chart was stable and the users could swap the SSV token for around $10. From January 4 though the situation changed drastically as the SSV price chart started going bullish. By January 22 the price of SSV reached around $17.8 and didn’t stop the surge there. The token continued bullying till the end of November with its price reaching an all-time high of $49.52 on February 27.
There were several reasons behind this bull rally of the SSV token. Firstly, it was related to the approaching Shanghai upgrade of the Ethereum network that was making the staking services more popular among the users. Another reason is that in preparation for the Shanghai Update and the prospective value of DVT, the SSV DAO initiated a $50 million investment fund on January 19th. This fund is dedicated to offering backing to upcoming projects focused on the development of distributed validator systems. Notably, the fund has attracted contributions from a range of prominent investors, including Digital Currency Group, Coinbase Ventures, Everstake, GSR, and more.
As the SSV project also sponsored the Ethereum Denver Hackathon 2023, where it was handing out grants to projects developing DVT systems, it attracted additional investors’ interest in the SSV token and the project’s solution, increasing the buys of the assets and making the SSV price chart go up.
But after reaching the all-time high, the SSV price chart was corrected, first going down to around $38 in the beginning of March, and then dipping to $31.76 on March 12. The SSV price didn’t remain at this low level and recovered shortly, reaching $39.61 by March 15. For the next month, the SSV price chart kept swinging between $39.9 and $34.3, trying to keep the support level.
On April 14 the price of SSV dropped to around $35 and tried to keep this price level, but also failed as the SSV price chart continued going down after a week. On April 22 to swap the SSV token traders only paid $25.18, and as the token became oversold at that point the price briefly grew, getting to $28.64, but still returning to the downtrend. On May 5 the SSV price chart went down to $23, jumped up to $26, and then collapsed to $18.8 on May 9.
It was followed by another period of the price recovery that started on May 12. By May 23 the SSV price reached $24.87, remained around that level for a while, and started declining again from the last day of May. By June 1 to buy the SSV token traders already paid $16.40. This price level became a new medium for the SSV price chart for quite a long time. Till the middle of August, the SSV token was trading between $16.7 and $18.7.
In the second half of May, this level of the price was also broken as the SSV token went down again. On August 18 to buy SSV users paid only $14.63. For the next months the SSV price chart remains around this level trying to break a resistance, but not being able to fight the overall crypto market tendencies. On September 14, the SSV price is at $15.22.
Despite the fact that the SSV price chart was continuously going down in the last few months, the experts keep the positive outlook for the SSV token price. The SSV Network token stands out as a promising investment, delivering substantial advantages to Ethereum, the second-largest cryptocurrency by market capitalization. It offers benefits to both stakers and operators while simultaneously enhancing Ethereum through its fully decentralized validation operations. The strategic partnership with Ankr and other Ethereum staking services underscores the growing demand for the services offered by the SSV Network.
SSV Network Technical Analysis
Despite the fact that 100% accurate technical analysis for SSV Network cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated SSV buy-and-sell rating for selected timeframe. The summary for SSV/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
SSV Network Price Prediction
Below we have collected the most reliable price projections for SSV Network (SSV) from popular forecast platforms.
SSV Network Price Prediction for 2023
As for SSV Network price predictions for 2023, there are divergent opinions. TradingBeast expects a downturn towards $18.04815, and PricePrediction.net echoes with ~$5.461939 by the year’s end. Other experts, for example, from WalletInvestor, are more enthusiastic about SSV Network’s future price, citing upwards of $43.69551 in December.
Potential ROI:
-6%
Sell
SSV Network Price Prediction for 2024
In their SSV Network price predictions for 2024, WalletInvestor forecasts the coin’s price to go down to $23.15862 by December. Forecasting SSV Network future, TradingBeast expects further decrease of its price, too, saying the SSV Network price will reach ~$5.955888 by that time. On the contrary, PricePrediction.net keeps predicting SSV Network price growth, quoting prices around ~$36.80872 in 2024.
Potential ROI:
-7%
Sell
SSV Network Price Prediction for 2025
SSV Network price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $8.51692–$9.72662 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $25.40989 in December 2025.
Potential ROI:
-39%
Sell
SSV Network Price Prediction for 2026
TradingBeast has only pessimism in store for the 2026 SSV Network price prediction, valuing SSV Network at $11.58301 by the end of 2026. WalletInvestor agrees with a negative forecast and predicts, in turn, $1.848058 for the same period. On the other hand, PricePrediction.net’s team is more optimistic — their SSV Network price prediction for December of this year is just $47.25764.
Potential ROI:
-15%
Sell
SSV Network Price Prediction for 2030
Most experts are expecting a bleak future for SSV Network: long-term SSV Network price predictions promise significant decline by 2030. TradingBeast predicts the price to reach $16.67954, while PricePrediction.net goes down for $8.786597. WalletInvestor also puts not so big hopes on SSV Network in the long term: its SSV Network prediction for 2030 is $3.548271.
Potential ROI:
-59%
Sell
Summary
As it can be clear from the analysis cited above, SSV Network (SSV) projections are rather contradictory. There is no universal consensus either about positive or negative future SSV price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the SSV Network 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.
About SwapSpace
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 2450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.
Trade SSV Network