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What Is the Venus price prediction today
AT A GLANCE
- In 2024, Venus price is expected to reach $24.376, according to some experts
- 2025 promises to be turbulent, with prices ranging from $9.24710783840786 to $27.348, with WalletInvestor predicting a breakthrough leading to a price rise to $27.348
- By 2030, XVS price can hit $24.376
Venus fundamental analysis
Venus (XVS) is a BEP-20 governance token on the Venus network, which is a lending and borrowing platform in the DeFi space, launched by the team behind Binance’s Swipe in 2020. Venus is designed to solve some of the current problems in traditional lending and similar crypto solutions:
- The banking system has a lot of conditions for a borrower, such as having to pass a credit check, even if their loan is fully collateralized
- Many decentralized protocols run on Ethereum, which leads to slow processing speeds and high transaction fees
- Some DeFi solutions such as Compound are also governed mostly by private funds, so they aren’t really decentralized.
Venus allows anyone to borrow cryptocurrencies from anywhere without checking credit history on the only condition that they can supply the collateral. Moreover, users can utilize their collateral to provide liquidity, earn interest on it, or mint stablecoins from it to use in the general crypto space. The transactions are fast and low-fee since Venus runs on Binance Smart Chain. The network is secured by a unique hybrid protocol – Proof-of-Staked Authority (POSA).
The default synthetic stablecoin on Venus is VAI, pegged to the value of the dollar. XVS is used for governance, and since it was distributed through fair launch, it facilitates truly decentralized decision-making.
Venus live price chart
XVS appeared on the market in October 2020, at modest levels of ~$2.5-$3.5 at first. As renewed interest in DeFi gained momentum, so did the price, which rose above $8 in January 2021. By February it took off, surging as high as $98. Later, in the early spring, some changes in protocol and asset withdrawal rates raised some concerns, at which point the price dropped to around $40. It recovered by May, reaching $147.02 on May 10, but climbing down over the next few days.
On May 18-19 2021, XVS experienced a sharp spike in price followed by massive sell-offs. The liquidation caused a huge dip when the price fell under $40 in the first days after the event and gradually trended down to ~$18-$20 by July. The project’s team made serious leadership changes in the aftermath and proposed a recovery plan, but the project’s – and XVS price – future is still uncertain.
Venus technical analysis
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Venus price prediction
Venus price predictions summary
Venus price prediction for 2024
Venus price prediction for 2025
Venus price prediction for 2026
Venus price prediction for 2027
Venus price prediction for 2030
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