As a decentralised transaction network that can run on Ethereum and Binance Smart Chains, FEG Token claims to be just that. Hyper-deflationary, community-driven token that imposes a 2% tax on each transaction is the cryptocurrency.
The cryptocurrency’s value has risen to nearly $120 million in the last few days. The daily trading volume of the token, on the other hand, is little when compared to that of other cryptocurrencies. Only $992 million worth of transactions has occurred in the last 24 hours for FEG con. However, the daily trading volume of the majority of high-performing tokens can exceed $100 million. Consider the fact that there is currently 41 quadrillion FEG in circulation before deciding to invest in it. It is quite difficult for cryptocurrency to become volatile because of its enormous supply. It is also difficult to trade at $0.01 because of this.
Why? At these supply levels, it would require taking up nearly half of the cryptocurrency market cap, which is difficult for the token to achieve. Consequently. Prices cannot grow greatly over time because of the large supply and limited trade volumes.
Predicting the FEG Coins
It’s been a rough week for FEG Coin values, with three straight days of losses. The cryptocurrency has already lost over 4% of its value in today’s trading session. We can see on the daily chart that prices are currently trading around 2.9X10-9.
It’s also evident that the present price decline is well-motivated, which suggests that the downward trend will continue. As a result, I believe that FEG will touch 2.2X 10-9 in the next several days. If prices fall below the 2.2X 10-9 level of support, there is a considerable probability that they will fall even further.
In 2022 and 2025, Will Feg Coin Be Worth $1?
As of this writing, the FEG coin price projection is not looking all that encouraging. Bitcoin and other cryptocurrencies were shaken by the anticipated rate rises and the current tensions in Eastern Europe. The recent massacre has also had a significant impact on the FEG token price, which is currently 92% lower than its all-time high. Despite the downturn in the stock price, the company’s development efforts appear to be ongoing. It’s likely to bring some comfort to FEG crypto holders.
What Does Feg Crypto Mean?
Reflect Finance was forked into FEG in January 2021. Reflect Finance and Shiba Inu were brought together to create it. For every transaction, FEG charges 2 per cent of the transaction cost in FEG tokens. One per cent of these tokens are sent to FEG holders, and one per cent is burned.
This built-in feature creates passive revenue for holders and has a favourable impact on the price of the tokens through the token burn. More than 100 Quadrillion of FEG exists, however, only 41 Quadrillion are in use. This means that about 60% of FEG coins have already been melted down. FEG is unable to reach $1 because of the enormous amount of FEG in circulation. First, let’s take a look at how the FEG currency initiative got started.
The Founders of the FEG Token
FEG’s founders are unknown to the general public. The crew appears to be unidentified, and @lifeisdefi appears to be the primary developer. “Feed Every Gorilla” is the acronym used to describe the effort, which may be a reference to animal welfare. This and the meme coin season’s launch pushed FEG coin price skyrocketing in no time at all. As of the 13th of May, FEG had reached an all-time high of 0.0000000441, and it is presently trading 92% below that level.
Newest FEGC Coin Information
Most investors acquired FEG because of its minuscule pricing and viral memes, but the team has continued to grow and expand. Regex, the platform’s DEX, is currently operational and can be used to swap between different assets. Additionally, FEGEX allows FEG customers to generate passive income from several other prominent assets. The price of one FEG coin is present $0.0000000035.
SmartDefi Templates for FEG Coins
DeFi tokens can be generated using a Smart DeFi token template built by the FEG team.
This makes it possible for anyone, regardless of programming skills, to launch their tokens with built-in DeFi functionality. FEG Tracker, an app for keeping track of investments, and FEG Radio round out the line.
Predicted FEG Coin Values in 2022
The FEG coin price is currently trading at $0.0000000035 and has a market capitalization of $147 million. This ranks it as the 310th most valuable cryptocurrency in terms of market capitalization. In May 2021, the market cap reached $1 billion. The price of FEG tokens reached a record high of $0.000000044 during this period. Euphoria peaked for a brief period before falling precipitously ever since.
A Chart of the Price of Feg Coins
In the FEG coin price chart, technical analysis shows that the price is trading inside a symmetrical wedge. The price has repeatedly bounced off the $0.0000000015 level, suggesting that this level is a solid point of support. Bulls may aim for higher prices this year if the price retains current support.
For the current bounce to be considered legitimate, the price must break out of its downtrend and make new highs. The price could rise significantly if it reclaims the $0.0000000080 level. As a result, a reliable FEG coin price estimate for 2022 would be $0.0000000200.
To get from the May 2021 highs to the latest lows, a 0.38-Fib retracement level must be crossed. A breach of the $0.0000000015 barrier might drive the price as low as the $0.0000000005 level, so keep this in mind.
Price Prediction for Feg Coin in 2025
Globally, cryptocurrencies are seen as one of the riskiest investments. Cryptocurrencies, too, have a range of risk levels. FEG is an example of a hazardous cryptocurrency whose value is mostly determined by the media frenzy surrounding it. Due to its moniker, FEG may also be referred to as a meme coin. Despite this, the team has made some progress in their work. However, due to the intense competition in the DeFi market, the platform has yet to be widely adopted.
In the eyes of some, FEG is nothing more than an Internet craze. FEG coin, on the other hand, has the potential for long-term positive targets if it can withstand a long down market. Another project like this is Safemoon, which began as a meme coin but has since expanded to include several different products. Safemoon’s market capitalization peaked at $6 billion at the height of the bull run. If we imagine the FEG price in 2025 at a similar market cap then we get a FEG coin price prediction in 2025 of $0.0000001470.
Is Feg a Smart Investment?
If you’re still debating whether or not to invest in FEG coin, you need to weigh your options carefully. Micro-cap currencies like FEG are highly volatile, therefore you need to be aware of this before you invest. They may rise in price in the short term, but any hack or DeFi vulnerability might also bring them to zero.
As a result, only invest in these assets with money that is available to you, and don’t put all your eggs in one basket.
There has been a long-term declining trend in FEG prices. A seasoned trader can predict that the price is only going to reverse and make at least a lower high shortly. Even if the high is 200-300 per cent below present levels, even a lower high could still be profitable. In other words, if you’re looking for a quick profit, buying a FEG coin can be a wise option. For long-term investments in the ‘Feed Every Gorilla’ token, it is best to wait for the project to get some traction first. As compared to simply buying and holding at current prices, the chance of failure would be significantly smaller in this scenario.
Jonathan Herrod is a content writer who enjoys writing about technology, video games, and other topics. The author of informative articles that are well-researched and written with attention to detail has been writing professionally for nearly three years and specializes in the creation of well-researched and written attention to detail articles.