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SuperFarm Price Prediction: Should You Invest in SuperFarm?

With the recent boom in the NFT market, many people wonder how to create an NFT. SuperFarm is a project aiming to simplify this process as much as possible, as well as provide additional use cases for them. Are you wondering if this project has potential? Look into the SuperFarm coin price predictions below to find out what the analysts think.

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SuperFarm Fundamental Analysis

Project name
SuperFarm
Stock Symbol
SUPER
Current Price
0.9456
Current Supply
999998077.4169172
Launch Date
2014

SuperFarm is a cross-chain decentralized finance (DeFi) protocol designed to facilitate the creation of NFT without coding. The project includes the marketplace and an innovative set of tools for unfolding the farm with the users’ rules. 

SuperFarm aims to bring utility to every token by minting it as NFT without the need to know any programming languages. The project empowers the NFT creators, collectors, and traders to participate in an open and accessible for everyone NFT marketplace. The SuperFarm platform was officially launched on March 21, 2021. 

Users can use visual tools to build their farms with customizable rules and also to tune their incentives. SuperFarm also allows the creation of NFTs, farming the coins for them, and making new ERC-20 tokens as well as binding NFTs to the videogames. The farms can provide the rewards for the liquidity providers and they also boost long-term stakes and provide the access to the project services via NFTs with utilities. 

SuperFarm is also considered as a link between crypto platforms and the video games industry, as its goal is also to support collectible tokens used in AAA games. Non-fungible tokens from the SuperFarm platform will let the users access playing and gain limited edition items in the gameplay. 

The project was founded by Elliot Wainman, an American influencer and cryptoblogger. In the first round of funding, the project raised $1.1 million from Bitcoin.com, Spark Digital Capital, Solidity Ventures, Animoca Brands, and other big companies from the crypto world. 

SUPER is SuperFarm’s utility ERC-20 token. It’s used for staking, governance, NFT drops, and fees on the platform. Users also need to have at least 100 000 SUPER tokens to create their farm. This condition is set to ensure the quality of the launched farms and NFTs. 

The token has a total supply of 999 million and 357 million coins are currently in circulation.

SuperFarm Live Price Chart

At the beginning of 2021 SUPER was traded for $1.36 and the price was bouncing, at times dropping to the level of $1. The situation changed at the beginning of March when the launch of the SuperFarm platform was announced. 

SUPER started to gain in value, though experiencing moderate corrections after each price spike. One week after the platform was realized, SUPER token reached its all-time high of $4.73 on March 31. After that the price started to go down, but still within the bullish trend, not dropping lower than the resistance level of $1.6. 

The trend changed in mid-May when the crypto market faced a crisis. On May 23 SUPER token collapsed to $0.44 and continued following the bearish movement till it reached its all-time low of $0.26 on June 14. 

After the price recovered it stayed around $0.4 till the end of July and then started to experience slow growth. SUPER market stayed bearish till the end of October. By November 2 the token changed and started to follow bullish trends again. At the time of publishing the token is traded for $1.98. Despite the latest recovery most analysts give a negative SUPER token price prediction, considering it as a bad short- and long-term investment.

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SuperFarm Technical Analysis

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

SuperFarm Price Prediction

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

TradingBeasts SUPER Price Prediction for 2023

Answering the question about if SuperFarm is a good investment, TradingBeasts say a resounding yes. In the 2022 perspective, this coin price is predicted to reach $1.2723710 with a growth to $1.5867770 by the end of 2023.

WalletInvestor SUPER Price Prediction for 2022, 2024, 2026

According to WalletInvestor, SuperFarm price will drop from $0.9456 to $0.2050 in one year. That makes SUPER an bad investment. The long-term earning potential is -78.32%.

DigitalCoin SUPER Price Forecast for 2022, 2023, 2024, 2026

In DigitalCoin analysis, the price of SuperFarm cryptocurrency will rise in the next 5 years starting from $1.1650337 as of today’s price to $4.9423686. It will go up to $1.7334518 by 2023 and starts its reduction in 2024-2025. Based on this forecast, SuperFarm is a profitable long-term investment.
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Summary

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