Swipe wants to make debit card transacting easier for businesses by allowing them to develop customized cards. Clients transacting using Swipe’s platform with debit cards need its native token, SXP. Considering Swipe has a tremendous amount of potential for the future, we wanted to make an SXP coin price prediction.
We also went into the details of Swipe’s project, SXP’s utility and where to buy SXP. Our guide features a review of the exchange listing SXP and everything else investors need to know before investing in the token.
SXP Coin Price Prediction 2022
Although SXP has been trading for only two years, it has experienced a significant level of volatility. But that has shown investors the potential returns they can make from the coin. After analyzing the charts, we made an SXP price prediction for 2022, 2023 and 2025.
- End of 2022: Swipe’s token has made a new lower low. That may serve as further confirmation to bearish investors that the coin’s price will go lower. While there is validity in that sentiment, it’s important to look at the broader market as well. Bitcoin’s bounce hasn’t come in since setting an all-time high (ATH) in November 2021, and when it does, it will take other altcoins up with it. We predict an SXP price of $5 at the end of 2022.
- End of 2023: At the $5 price level, the SXP coin will encounter major resistance. Our sentiment is that the crypto market will crash in 2023, so SXP will not break through major resistance at its previous ATH, and it will make lower lows. By the end of 2023, the coin will retest its major support at $0.58.
- End of 2025: The crypto market has shown that even major coins lose around 94% of their value during a crash. If SXP reaches $5, a 94% loss in value will mean that it will reach $0.3 by the end of 2025.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
|⚛ Coin Name||Solar|
|🔆 Coin Symbol||SXP|
|⏳ Price Change 1h||2.03%|
|🌕 Price Change 24h||35.3%|
|💵 Market Cap||$356,972,740|
|🌐 24h Volume||$1,252,727,232|
|🔄 Circulating Supply||559,666,301|
|💰 Total Supply||559,307,423|
Swipe Coin Price History
SXP began trading on major exchanges on 13 July 2020, and the coin got off to a flying start. By 10 August 2020, the coin has surged 825% as investors rushed to buy SXP coin. The catalyst for the rally was Binance announcing that it had purchased the majority share in Swipe in July, and then Binance listed the SXP token on its exchange.
The reason for the acquisition was Binance’s desire to merge fiat and cryptocurrencies, and the exchange felt it would best bridge cryptocurrency and commerce through Swipe. Considering some investors had felt the rally provided them with enough returns, sellers stepped in and drove the price down.
After its first rally, the SXP token went into a downtrend, setting lower lows until it eventually reached its initial coin offering (ICO) price region of $0.58 in December 2020. It’s at that price level that the coin found strong support, and it didn’t consolidate long before another massive price spike.
SXP token began making higher highs in January 2021 and went on a massive bull run to reach an ATH of $5.88 at the beginning of May 2021. A massive crash followed, resulting in the coin losing 77% of its value by reaching $1.33 toward the end of May 2021. SXP found support at that level, and although the price slightly spiked up, it retested key support several times until the end of July 2021.
It was in August 2021 that the SXP coin made higher lows and continued to do so until the end of the month to provide investors with a 235% return if they had entered at July lows. The coin crashed again and formed lower lows until December 2021.
Binance Announces Purchase of Remaining Swipe Shares
SXP ranged during December 2021, then Binance announced the day before new year’s eve that it would acquire the outstanding shares in Swipe. That had some effect on the market but not as big as the first-round acquisition since the price surged only about 60%.
But that was only a short-term rally in a downtrend since the price carried on making lower lows until reaching the ICO price level again around mid-May 2022. SXP failed to hold at key support and then dipped below it, setting an all-time low (ATL) of $0.29. The coin bounced up again from that level to test its new resistance but failed to break through.
SXP dipped down to $0.30 again and could be forming a double bottom.
Recapping Key Events
- SXP trading launched in July 2020 on major exchanges. Binance announced that it would acquire the majority share of Swipe, resulting in the coin rallying about 825%, and a listing on Binance’s exchange followed.
- After the rally, SXP started forming lower lows and eventually dropped to its ICO price at around $0.58 in December 2020.
- The coin set higher highs in January 2021 and went on a massive rally, reaching its ATH of $5.88 at the beginning of May 2021.
- A crash followed, and SXP lost 77% of its value, reaching $1.33 at the end of May 2021.
- Binance announced on 30 December 2021 that it would acquire the remaining shares in Swipe, resulting in a short-term rally of 60%.
- SXP continued making lower lows and broke through key support to set an ATL at $0.29.
SXP Coin Price Prediction 2022
Since setting its ATH in May 2021, SXP has been in a bear market. Even Binance’s announcement in December 2021 of acquiring the remaining shares wasn’t enough for a reversal. What’s worse is that SXP dropped to its ICO prices and failed to hold at key support.
The price broke through support and dipped to $0.29. It bounced up to retest its new resistance but failed to break through it, resulting in the coin dipping down again to its ATL. SXP has lost about 93% of its value, which is the same that many other major coins do when they’ve reached the bottom.
It’s possible that the coin is making a double bottom. So a reversal could be imminent. Besides having lost the required value coins do when they reach the bottom and reverse, SXP is also looking to Bitcoin for higher prices.
The crypto market has revealed that bounces happen after major crashes. Bitcoin hasn’t had a serious short-term rally since it topped out in November 2021. The market is expecting one, and we’ve seen that altcoins follow Bitcoin. It’s possible that SXP could retest its new resistance and break through it when Bitcoin’s bounce comes in.
If it breaks through the resistance at around $0.58, it’s possible that SXP could spike all the way to $5 by the end of 2022, rallying like some of the best altcoins to invest in.
SXP Crypto Price Prediction 2023
If SXP reaches $5 as Bitcoin bounces, it’s going to face strong resistance at that level. Once Bitcoin’s steam runs out, it’s going to continue its downtrend and drag the rest of the altcoins down with it. That means SXP will fail to break through the major resistance and would likely make lower lows.
Although SXP support is at various levels such as $3.80, $2.60 and $1.70, our Swipe coin price prediction is that it will break through all of those levels and reach key support at $0.58.
If that happens, it will mean that SXP is in a very large range, between $0.58 and $5. Eventually, all ranges are broken, and we see that happening for SXP as well. Once it reaches $0.58 by the end of 2023, it may consolidate some time because of the drastic price drop from $5.
Swipe Coin Price Forecast Long Term Outlook – 2025 Prediction
The crypto market should be in a bear winter and reach the bottom in 2025. Investors have witnessed major coins such as Ethereum lose around 94% of their value. The same could likely happen to SXP. During the consolidation at key support, SXP likely won’t hold the $0.58 level.
Since SXP has broken through key support before, it can do it again. If it reaches $5 and tops out, a 94% loss in its value would mean that our SXP crypto price prediction for the end of 2025 would be $0.3.
Potential Highs & Lows of SXP Coin
Swipe’s token has proven to encounter huge volatility, and it has several price levels where it could encounter support or resistance. Let’s explore the possible highs and lows of SXP coin for 2022, 2023 and 2025.
|Year||Potential High||Potential Low|
What is SXP Crypto Used For?
SXP has several use cases, like the best utility tokens. Investors benefit in several ways by holding the token besides the potential capital gains that the coin has provided for buyers who got in at key support.
Staking and DeFi
When Swipe designed its platform, enabling businesses to offer debit cards to clients, it added several features to make SXP appealing. One of the key features of this platform is that investors can use the Swipe DeFi app to convert between fiat, cryptocurrencies and stablecoins, making it one of the best DeFi apps on the market.
It’s unnecessary for investors to wait for the coin to rally so they can lock in profits. One way to make money from SXP is to start crypto staking. Staking SXP means holding the coins on an exchange for a specific period to receive interest. Each exchange offers various staking periods and interest rates. Using Swipe’s platform enables investors to stake coins from trust wallets directly to Swipe. Investors who have Swipe’s card can take the first steps to stake SXP on Binance Smart Chain. Ever wondered what the best staking coins in 2023 are?
Swipe’s platform enables businesses to develop customized debit cards for clients. Businesses can issue cards with controls such as foreign transactions, re-issuing lost cards, pin controls and locking the card. Clients can use their cards to buy NFTs, commodities or any other item they want.
Swipe’s platform operates on its native token, SXP. Cardholders need to hold SXP to transact. While clients wait for businesses to issue their physical cards, they have access to a virtual card, enabling them to transact.
Swipe offers one of the best crypto debit cards.
A key feature of Swipe’s platform is enabling businesses to offers rewards to their customers. Holding a card issued from Swipe’s platform entitles cardholders to participate in a benefits program and a cashback rewards program.
The processing fees are paid in SXP, so to transact, cardholders need to own SXP.
What Drives the Price of SXP?
The SXP token price is influenced by several factors. Knowing the factors will help investors determine if SXP is the right investment.
Swipe’s platform is growing, and numerous businesses use it to develop customized cards for their clients. Expansion means that more users are joining the platform. The adoption of Swipe’s platform means that more investors are holding SXP.
To transact using cards developed on Swipe’s platform, users need to hold SXP. The processing fees are paid in SXP, so users need to buy the coin before they can transact. The more Swipe cards businesses issue, the more users will need to buy SXP.
The demand increase in SXP should result in the coin’s price increasing.
Many investors enter the crypto market and speculate coin prices purely based on the attention a token gets. Although celebrity endorsements such as from Elon Musk spurred numerous investors to buy Dogecoin and for the price to rally, it doesn’t always work.
Although Swipe’s platform utility can affect SXP’s price, the general crypto market hasn’t experienced adoption on a mass scale. But investors can also use Bitcoin’s price action as part of their technical analysis.
As the market has proven numerous times, the best cryptocurrencies to invest in follow Bitcoin’s price. Regardless of whether Bitcoin goes up or down, it usually takes the altcoin market with it.
But investors need to be careful to incorporate that strategy into their investing. Because when Bitcoin rallied in 2021, it was only Ethereum that followed and a few other coins. Most altcoins didn’t go on a bull run with Bitcoin. For a more detailed analysis of the world’s leading cryptocurrency, read our Bitcoin price prediction.
Where to Buy SXP Crypto
Besides doing an SXP price prediction, we also searched the market for the best exchanges to buy SXP. We found a few exchanges, but Bitstamp proved to be the place to offer the coin to investors. Not only does Bitstamp offer 73 cryptocurrencies, but it also enables traders of all skill levels to use its platform.
The platform requires users to verify their identities after registering an account, then investors can fund their accounts via cards, bank wire and cryptocurrencies. An ACH deposit is free, and European investors can opt for SEPA. An initial deposit of at least $10 is required. Investors opting for an ACH withdrawal won’t incur fees.
Trading on Bitstamp means incurring a fee of 0.5% of a monthly volume up to $10,000. The fees decrease to 0.25% after traders exceed that volume. The platform enables traders to buy cryptocurrencies with cards, but a 5% fee applies. Traders who are inactive after 12 months will incur a €10 monthly inactivity fee.
Bitstamp is one of the best DeFi staking platforms, offering investors a chance to stake Algorand. Locking in Algorand coins on Bitstamp will entitle them to receive 5% per annum. Investors can also choose to stake Ethereum, which provides a 4.26% interest annually.
Luxembourg Financial Regulator, the Commission de Surveillance du Secteur Financier regulates Bitstamp.
What We Like
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
How to Buy SXP Coin
Investors who believe that the Swipe token price is low will wish to buy it on Bitstamp. We’ve provided a step-by-step tutorial.
Step 1: Register an Account
Visit Bitstamp.net, then click ‘Sign up’. The screen below prompts users to enter a full name, an email and a date of birth, followed by the Continue button.
Step 2: Account Verification
Users first need to verify their identities before transacting on the exchange. Bitstamp requires users to click the link in the email they’ve sent and to upload an ID or a passport.
Step 3: Fund an Account
Click the Deposit icon at the top, then look at the options on the left side of the screen. Click ‘Bank transfer’ for a wire, then enter the amount to fund the account and proceed.
Step 4: Search for SXP
The dashboard displays a search function in the top right. Click where it says ‘Find assets’. Type SXP, then select between euro or US dollar pairing.
Step 5: Buy SXP
Input the amount of USD or euros to buy SXP, then click ‘Buy’ at the bottom.
Besides providing a Swipe crypto price prediction, we detailed how investors can use SXP and the factors that influence its price. Our guide also featured an in-depth review of Bitstamp, the best exchange offering SXP. One of the benefits of investing through Bitstamp is that it allows staking, a passive way for investors to earn interest on coins by locking them on an exchange.
Some other upcoming crypto projects that are earlier in their development are Tamadoge and IMPT – the IMPT presale is active now, offering early investors a chance to buy early with the most upside potential.
IMPT - New Eco Friendly Crypto
- Carbon Offsetting Crypto & NFT Project
- Industry Partnerships, Public Team
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