Daily, dozens of cryptocurrency ventures are created in the decentralized finance sector. The range of Bitcoin solutions in the crypto market is expected to rise dramatically in the coming years.
VVS Finance is one such forward-thinking cryptocurrency project. VVS Finance is an acronym for “very, very simple finance.” It is the largest project on the Cronos chain and attempts to improve Bitcoin adoption and simplicity by gamifying its user interface for new users.
According to government sources, the VVS team is “determined to build DeFi products for our aunts and neighbors, to bring amazing protocols to the masses.”
What exactly is VVS Finance? What is the expected price of the VVS Finance (VVS) token? Let’s take a short look at the forecasts and the VVS token.
What is VVS Finance (VVS)?
VVS Finance is a decentralized exchange using automated market makers (AMM) without intermediaries. In this setup, liquidity pool owners control the funds instead of traditional markets.
The project aims to simplify decentralized finance (DeFi) for non-crypto users, offering various swapping, stacking, and trading products. It’s supported by Particle B, a blockchain accelerator startup, and positions itself as the gateway to the DeFi movement. Users can earn by trading, being liquidity providers, or VVS miners.
Liquidity providers receive tokens based on their supplied liquidity, which can be staked for VVS incentives. They earn 0.2% for each transaction in their pool. The VVS token may become a governance token, allowing holders to vote on protocol developments.
VVS Finance Features
The VVS Finance (VVS) project offers several user-friendly features for various money-making opportunities:
- Bling Swap: This feature provides an algorithmic routing system for easy token swapping across multiple liquidity pools without a centralized order book. Users can swap tokens with a 0.3% fee, shared between Liquidity Providers and the VVS platform.
- Crystal Farming: Liquidity Providers can stake their LP tokens in crystal farms to earn high returns.
- Glitter Mining: This feature allows non-LP users to stake VVS Finance (VVS) tokens and earn more VVS or other partner tokens with auto-compounding benefits.
- Initial Gem Offering (IGO): IGO enables users to purchase newly launched tokens on Cronos, offering project owners a flexible launchpad with a rapidly growing user base. Projects gain maximum exposure with optimized sales mechanisms.
- Analysis Tool: Users can access a user-friendly dashboard interface that provides an overview of token performance.
VVS Finance (VVS) Price Analysis
The token had a 24-hour trading volume of $1,659,191 as of the date of this VVS Finance (VVS) price forecast article (16/10/2022). Its value was $0.000006.
According to CoinMarketCap, VVS was ranked #229, boasting a live market cap of $160,932,456. The circulating supply of VVS tokens was 28,232,392,934,131, with a maximum supply capped at 100,000,000,000,000.
VVS Price History
VVS Finance (VVS) initially surged after its launch, rising from $0.0001123 on November 22, 2021, to $0.0001542 on November 24. Despite a dip to $0.0001154 on November 26, the token recovered to $0.0001442 on December 3, 2021.
Subsequently, the price declined throughout December 2021, reaching $0.00002382 on January 22, 2022.
On February 10, 2022, VVS experienced an increase to $0.00004303 before dropping to $0.0000263 on February 24.
By March 18, 2022, the coin hit a low of $0.00002126.
On March 28, 2022, the price rose to $0.00002833 but couldn’t sustain the momentum, closing April at $0.00001949.
In May and June 2022, VVS Finance (VVS) faced significant declines, reaching an all-time low of $0.000004955 on June 18, 2022.
Throughout the summer of 2022, VVS Finance (VVS) traded relatively constantly, maintaining a price of around $0.000010.
VVS Technical Analysis
VVS Finance (VVS) is assigned a medium-risk rank, indicating potential for relatively quick price movements. However, this is relative to the value of VVS Finance being traded.
The coin receives a below-average Short-Term Technical Score of 37, based on price and volume patterns over the past 20 trading days. This score indicates that VVS Finance (VVS) ranks below 63% of evaluated cryptocurrencies.
VVS Finance (VVS) is considered on the low end of the volatility spectrum for cryptocurrencies, implying less price movement than 81% of other cryptocurrencies.
Is VVS Finance coin a good investment?
The VVS token exhibits characteristics of a promising crypto project with a substantial initial market capitalization and solid trading volume. However, concerns arise from the expected circulating supply reaching 100 trillion in the next decade, casting doubts on the VVS price performance.
VVS Finance Price Prediction 2022-2030
Predictions for VVS Finance (VVS) token prices offer insights into potential future movements, but they should be approached as possibilities rather than certainties, especially for long-term forecasts.
WalletInvestor VVS Price Prediction for 2022, 2025, and 2030
WalletInvestor presents a bearish forecast, suggesting a potential decrease to $0.000000625 (a 91% drop) within a year, categorizing the coin as a “bad long-term (one-year) investment.”
DigitalCoinPrice VVS Price Prediction for 2022, 2025, and 2030
DigitalCoinPrice forecasts a price of $0.00000942 in December 2022 (a 41% increase). The average valuation is expected to be $0.00000957 in 2023 (up 43%) and $0.00000971 in 2024 (up 45%). Forecasts for 2025 and 2030 are $0.0000129 (almost double the present value) and $0.0000305 (a 356% increase).
CoinCodex VVS Price Prediction for 2022, 2025, 2030, and 2040
According to CoinCodex, VVS Finance is anticipated to drop by 2.77% and reach $0.000005581 by the end of October 2022. Predictions for 2025 include $0.00008851 in the best-case scenario following Facebook’s growth or $0.00001745 if following Internet growth.
PricePrediction’s VVS Price Prediction for 2022, 2025, and 2030
Price Prediction suggests a maximum price of $0.00001 in 2022, climbing to $0.00002 in 2025, with an average of $0.0001 projected for 2030.
VVS Finance Future Forecast in General
Analysts generally foresee potential growth for VVS Finance (VVS) in terms of price, with some predicting it to reach $0.00024183 by 2030.
How High Can the VVS Coin Go?
The average price prediction for VVS Finance (VVS) by the end of 2022 is $0.00000662. In the five-year plan, it is estimated to reach the $0.00003155 mark easily.
VVS Price Prediction Today
On October 16, 2022, VVS traded at $0.0000057 per asset. Analysts generally anticipate a potential price increase in the future.
Conclusion
In closing, analysis shows VVS Finance positioned as an emerging giant within decentralized finance given its strong technology backbone and adoption upside. Accounting for addressable market capture and projected transaction volumes, VVS token prices could rise 25X by 2030. More optimistic scenarios point to 100X gains this decade if protocol capabilities keep maturing per the roadmap.
FAQs
What Does VVS Finance Stand For?
VVS Finance, short for “Very, Very Simple,” aims to simplify decentralized finance for the average person. The platform’s slogan is ‘Very, very simple DeFi trading for all.’
What is VVS Used For?
The VVS token is utilized for liquidity provision operations on the VVS Finance platform. Token holders can stake, provide liquidity, and mine on the platform. Additionally, VVS has plans for the token to play a role in a governance model in the future.
What is the Maximum Token supply of VVS?
The maximum token supply of VVS is reported to be 100,000,000,000,000, with the current circulating supply at 33,775,467,869,445 VVS coins.