Thinking of buying BitDAO? You are not alone. A good number of crypto traders and investors are buying the coin, believing it’s among the best new crypto in the market. While the project is developing at an impressive pace, it is important to understand its potential before buying.
In this guide, we will discuss the latest BitDAO price prediction, as well as explaining the BitDAO project and how it could affect the price of the BitDAO token (BIT) in the future.
BitDAO Price Prediction - Summary
At the time of writing this guide, BitDAO's price was $0.4950 per token. The altcoin was on a downward trend, recording about 1.80% price drop in the previous 24 hours. This has not been the case for a long while as it has performed satisfactorily in the past weeks. Looking for a comprehensive BitDAO long term outlook? Here is our BitDAO price forecast for the years ahead:
- End of 2023 — BitDAO has experienced a bearish trend recently, but it will start rising anytime soon. According to our forecast, the BITDAO could be worth as much as $1.18 by the end of 2023.
- End of 2024 — It is very likely that BitDAO will gain meaningfully and build momentum next year. A favorable market condition could see the value of the BitDAO coin reach $1.85 by the end of 2024.
- End of 2025 — BitDAO is an incredibly decentralized autonomous organization and will likely attract a lot of new valuable contributors in the next couple of years. Of course, that alone could boost the BitDAO price up to $3.75 before the end of 2025.
- End of 2030 — Considering that crypto adoption will continue to rise, most digital assets will significantly gain value before 2030. BitDAO token may be able to reach $15 by the end of 2030.
- End of 2040 — Chances are high that crypto will go mainstream long before 2040 arrives. General market gain and other positive developments could push the BITDAO price to about $48 by the end of 2040.
Cryptoassets are a highly volatile unregulated investment product.
BIT Overview
| Cryptocurrency | BitDAO |
|---|---|
| Ticker Symbol | BIT |
| Rank | 3351 |
| Price | $0.9008560197846168 |
| Price Change 24h | 2.22% |
| Price Change 7d | 2.91% |
| Market cap | $0.00 |
| Circulating Supply | 0 |
| Trading Volume | $475,465.31 |
BitDAO Price History
BitDAO has been around for about a year and six months. It is a relatively new crypto but has been touted as one of the best altcoins on the market right now. It’s best to start with a bit of background information so that you understand why many believe in the project and will continue to buy BitDAO.
As the name suggests, BitDAO is a decentralized autonomous organization (DAO). It is one of the World’s newest and largest DAOs and aims to provide a level playing ground for everyone on earth through its decentralized token economy.
One of the most important things to understand at this point is that BitDAO is not a company and does not have employees or a management team. Rather, the project is owned by contributors who hold BIT tokens and are committed to making the project a success. The direction of the project is determined through governance proposals and forum participation.
The BitDAO project was started and supported by a number of companies, including Bybit. Today, it is maintained by a group of token holders or contributors. The protocol was launched sometime in 2021 and the BitDAO token became available on exchanges in August. According to reliable data from Coingecko, BIT traded on 16th August 2021 at $1.60 per token.
BitDAO performed decently in the early days but market factors will always have their effects. After dropping to about $1.25 on 8th September 2021, it went on a slow bullish run that saw the price rise to $1.80 on 18th October 2021. It experienced an even faster bullish run, reaching an all-time high price of $3.10 on 12th November 2021.
Like most altcoins, BIT lost steam after reaching its ATH. By 30th December 2021, it was trading for $1.78 per token. BitDAO price fluctuated during the first few months of the New Year. The crypto bear market of 2022 was harsh on BIT. Just like most other coins, it dropped significantly throughout the year, eventually reaching an all-time low price of $0.270167 on 22nd November 2022.
Though it has recorded about 135.16% gain from its all-time low price, BIT is still trading below the $1 mark. This makes it one of the most undervalued crypto assets. It is one of the crypto you can buy cheap now and sell to make a significant profit when it explodes.
BitDAO BIT/USD price chart. Source: Coinmarketcap
Before wrapping up this section of our BitDAO price prediction, here’s a summary of what we’ve covered so far:
- BitDAO is one of the newest and largest decentralized autonomous organizations in the world, and its native token, BIT, is considered one of the top crypto to invest in
- BitDAO is not a company and doesn’t have employees or a management team
- BitDAO is owned by contributors and anyone can join by buying and holding BIT tokens
- BitDAO started trading on 16th August 2021 and the first recorded price, according to Coingecko, was $1.60
- BitDAO reached its all-time high price of $3.10 on 12th November 2021
- BitDAO was severely affected by the 2022 crypto bear market, eventually dropping to an all-time low price of $0.2701 on 22nd November 2022
- BitDAO is highly rated because of its visions and uniqueness, and that’s why our BitDAO price forecast is bullish
Cryptoassets are a highly volatile unregulated investment product.
BitDAO Price Prediction 2023
Moving on, how could the BitDAO price prediction chart shape up in 2023? If you consider the caliber of crypto brands that have identified with BitDAO, you can tell that it has a bright future. The DAO is strong and has some interestingly wonderful plans and visions for the crypto universe.
From the very beginning, the BitDAO ecosystem was able to attract several like-minded individuals and companies. Notable supporters include Bybit, Peter Thiel, Dragonfly, Founders Fund, Spartan, Pantera among others. This forms part of the reasons BIT is one of the best cryptocurrencies to invest in.
In addition to having a strong support base, BitDAO is well organized and structured. While there is no management team, the majority of contributors understand how the organization works. The governance right of all BIT holders is sacrosanct, and community leaders will emerge with time.
One of BitDAO’s priorities right now is to attract developer talent. This is vigorously pursued through token swaps and co-development efforts. The project aims to build up BitDAO treasury by accumulating top crypto tokens. This is part of the reason BitDAO's long term price is expected to be quite huge.
It is important to state here that we are not left alone in our bullish BitDAO price forecast. Most other crypto price forecast websites are also predicting that BIT will enjoy a decent market run in the near future. Changelly, for instance, projects that the coin could rise to $0.959 this year.
There are many key reasons to expect BIT to rise considerably in the coming months. A lot may not happen this year, but valuable cryptocurrencies like BIT will gain. With all that in mind, our BitDAO price prediction for 2023 is $1.18.
Cryptoassets are a highly volatile unregulated investment product.
BitDAO Price Prediction 2024
From a peripheral level, BitDAO may be seen as the native token of a regular DAO. This is not really the case. The BitDAO ecosystem is likely to grow so much in the future, owing to the objectives of the earliest founders. The plan is to attract the best in the industry, and that will definitely make BIT rank among the best altcoins in the blockchain and Web3 industry.
You also need to understand that BitDAO was never planned to be a regular DAO. It was created to attract the right talent and support the best rising teams in the industry. There is a strong emphasis on research and development, making BIT one of the most desirable new cryptocurrencies to invest in.
If you consider the caliber of projects the BitDAO DAO could potentially support, you can easily conclude that the BitDAO price forecast will remain bullish for a long time. The demand for the token and its utilities across the market will continue to expand. This, of course, should have a meaningful impact on price.
Regardless of market conditions, BitDAO's long term price prognosis remains positive. The DAO has already experienced significant growth, and the impact on BIT price will be more pronounced in the coming months. Our BitDAO price prediction for 2024, therefore, sees the coin valued at $1.85.
Cryptoassets are a highly volatile unregulated investment product.
BitDAO Price Forecast Long Term Outlook – 2025 Prediction
If you are looking at buying BIT and waiting for a couple of years to sell for profit, then you need to get a clearer understanding of what it may be worth in 2025. Of course, we consider BitDAO as one of the most undervalued crypto assets in the market, therefore, you may be in for some serious profit.
An undervalued crypto asset is one that has a real value that is significantly bigger than its potential value. BitDAO is a classic example of such an asset. Its current price on most crypto exchanges is clearly a fraction of what it may become when some ongoing projects come on board.
To describe a digital asset as undervalued, you need to consider its potentials and we’ve done that with BitDAO. It will definitely attract many useful projects, and a multitude of new users will buy BitDAO tokens. You can now understand why BitDAO price prediction for the long term is significantly bullish.
When you consider how long BIT has been on the market (just 1 year and 6 months), you will understand why the price is still low. Last year's bear market also had a significant effect on the growth trajectory of the coin. A little more market exposure may result in huge price gain.
A boost in BitDAO popularity will have an effect on BIT price on top crypto exchanges and platforms. That is only a factor among many others that can drive its price growth. Market factors always run simultaneously with project development to advance the fortunes of digital assets.
In a nutshell, where does the BitDAO long term price prospect leave us? Most experts foresee slow but steady growth. We are a bit more optimistic than many because the DAO has genuine visions, and the governance of the organization is strongly vested on BIT contributors.
You’re probably itching to know what BitDAO will be worth in 2025 right now. We need to reiterate here that the actual price will depend on a number of important market factors, including demand and supply. Therefore, BitDAO price could reach $3.57 in 2025.
Cryptoassets are a highly volatile unregulated investment product.
BitDAO Price Prediction 2030
Ideally, the most reasonable way to make huge profits in crypto is to buy and HODLe. If you believe this philosophy then you should be interested in our BitDAO long term price forecast. Is there a possibility that the coin will make you rich? Let’s find out.
It is common knowledge that digital currencies remain undervalued in their early days. Barring aggressive marketing strategies, it is difficult to get people to understand the real value of a token until demand and price begin to climb. BIT has experienced this.
If you followed the Bitcoin story really well, you will know that many who invested early and remained patient for years made millions. Is there also a possibility that BIT can be a millionaire-maker coin? The chances are high, really.
Why do you think we believe that BIT will rise in the coming years? Well, we already know that the DAO has attracted several talents. In the near future, many more talented developer teams will join the platform. The decentralized, tokenized economy is shaping up slowly.
The sheer number of project varieties BitDAO can support is another good reason to expect a bullish price forecast. While there’s an emphasis on decentralized exchanges (DEXs), BitDAO will support a wide range of projects, including DeFi, NFTs, DAOs and even gaming.
From the very beginning of this BitDAO price prediction guide, we suggested that BitDAO should be ranked among the best altcoins in the market right now. Considering the current value of the coin and what the DAO plans to achieve, BIT can be a very attractive investment. It should be one the next crypto to explode and reward investors massively.
From all we’ve covered so far, do you now believe that BitDAO will succeed? There’s no need to be in a hurry as we will explore other unique features of the project in the next sections. As for our BitDAO price forecast, we’re projecting that the DAO altcoin will reach $15.00 in 2030.
Cryptoassets are a highly volatile unregulated investment product.
BitDAO Price Prediction 2040
If you can buy some of the most undervalued crypto assets right now and wait till 2040 before selling, millions can be generated in profits. However, this is only possible when you choose the right projects with long term plans and achievable, viable visions. So, will BitDAO stand the test of time?
One of the first things to consider at this point is BitDAO visions. The decentralized autonomous organization intends to support research and development, provide liquid bootstrapping for viable projects and also fund talented and committed teams across the world.
What could be the impact of the above-mentioned interventions? Number one, we are certain that it will attract many viable crypto projects. It will give room for many new innovations within and beyond the ecosystem, and that will always bring about significant price gain.
When it comes to BitDAO long term price prediction, you also need to consider potential market explosion in the crypto space. It is very likely that crypto will go mainstream before 2040. When that happens, every cryptocurrency, including BIT, will record significant growth.
There is no denying the fact that BitDAO is one of the cheap coin to buy now. How long do you think this will remain the case? It certainly won’t last many more years. If you buy BitDAO now, the chances of making a huge profit by 2040 is really high.
At this point, we must admit that a lot of factors, beside time, will play even bigger roles in BIT price prognosis. Therefore, though our BitDAO long term price forecast may be too high, you must exercise caution when making any investment.
We can conclude this section by stating that BitDAO being one of the best altcoins out there, can rise significantly before 2040. Though price will continue to fluctuate, it will mostly head in the positive direction. That being said, our BitDAO price prediction for 2040 is $48.00.
Cryptoassets are a highly volatile unregulated investment product.
Potential Highs & Lows Of BitDAO
While this BitDAO price prediction guide considers the most important factors that could influence the price of BIT in the coming years, it is pertinent to stress that BIT is a volatile asset. It is also necessary, therefore, that we consider its potential highs and lows for the years in review. We’ll do so in the table below:
| Year | High | Low |
|---|---|---|
| 2023 | $1.18 | $0.46 |
| 2024 | $1.85 | $1.02 |
| 2025 | $3.57 | $3.14 |
| 2030 | $15 | $13.50 |
| 2040 | $48 | $35 |
Cryptoassets are a highly volatile unregulated investment product.
What Is BitDAO Used For?
Coin utility or use cases play a significant role in determining its value. So, what is BitDAO used for and why is it considered a top altcoin. In this section, we will focus on the coins current and potential use cases:
Setting Transaction and Fees Parameters
Like other blockchains that support building of protocols or parachains, BitDAO has several developer talents working on different projects. The BIT token sets the transaction and fees parameters for every activity.
BIT is the recognized currency of the DAO. It is currently used to settle for all kinds of transactions. The larger the ecosystem grows, the more valuable BIT becomes.
Method of Payment
The majority of digital assets can be used as payment media. Since they are considered valuable assets within and beyond their blockchain networks, BIT and other altcoins can be used to settle different types of transactions.
As we’ve already stated, BIT is considered to be among the top cryptocurrencies. Many crypto enthusiasts or users who understand its value will accept it for payment purposes.
Currency Swap to Build BitDAO Treasury
BitDAO aims to gather the highest collection of crypto tokens through currency swap. Creators of successful projects and holders of valuable assets can swap their tokens for popular crypto assets and the swapped tokens are kept in the DAO’s treasury.
Assets in the BitDAO treasury are apportioned to different causes. They may be used to fund partners’ programs, provide grants to teams that produce research and products, as well as for other related activities.
Paying for Services Offered By dApps
There are many projects at different levels of completion within the BitDAO ecosystem. Though many of such projects may eventually have their own token, BIT is the most recognized asset within the ecosystem.
It is expected that the BitDAO token will retain its place as the most important asset within the ecosystem. It will be used to pay for services some of the decentralized apps will offer.
As Governance Tokens
As the governance token of the BitDAO ecosystem, BIT is used to determine how the future of the project is shaped. It grants every token holder the right to vote for proposals to effect changes.
BIT helps to keep BitDAO contributors and token holders focused on the progress of the network. Everyone’s interest is represented by token holding and voting rights are respected at all times.
As An Investment Vehicle
Part of the reason you are interested in BitDAO price prediction is because you see it as an investment vehicle. Every cryptocurrency is an investment vehicle because their value mostly fluctuates, and they can yield returns.
As an investment vehicle, BIT can be used for various DeFi products and services that can yield returns. It can easily become one of the top coins to buy as an inflation hedge is it performs well in the years ahead.
Cryptoassets are a highly volatile unregulated investment product.
How Could BitDAO Future Utility Affect Price?
As a blockchain network expands and its native token becomes more popular, new use cases will naturally arise. We’ve seen that happen with Bitcoin and many altcoins. So, how could future utilities influence the price of the asset? We’ll explore that in this section of our BitDAO price prediction.
We’ve already stressed that BitDAO supports several projects. These different projects will bring new use cases that can boost BIT value and expand its tokenized economy. On-chain activities will create new use cases, but even the evolving blockchain industry may deliver new use cases for BitDAO and other cryptocurrencies.
One area we mustn’t fail to explore at this section of our BitDAO price forecast is the growing trend of Crypto ETFs. There are currently a good selection of exchange traded funds (ETFs) that contain cryptocurrencies. This trend will boost the value of assets, including that of BIT.
From what we’ve observed so far, there is no limit to the transformation crypto and blockchain technology will bring to the present economic system. The value of assets like BitDAO token will continue to rise as the industry develops in the right direction.
We can conclude this section by reiterating that digital assets will have new, valuable use cases in the coming future. Coins like BIT will benefit significantly from major positive market trends, which is why it is considered as one of the next crypto to explode.
What Drives the Price of BitDAO?
Regardless of asset class, supply and demand are the biggest market factors that influence price. However, there are many other factors that could shape up the BitDAO price forecast for the coming years. Here are some of the most prominent factors that can drive BitDAO price in the future:
Activities within the BitDAO Ecosystem
A project like BitDAO will continue to attract the right talents that will oversee developments within the ecosystem. Their activities will always play significant roles in expanding the BitDAO ecosystem. This is part of the reason our BitDAO price prediction is bullish at the moment.
In addition to the activities of developers and talent teams within the BitDAO ecosystem, simpler activities like token swaps, lending, staking and any other potential activity will always drive price growth. The possibilities are endless.
Social Media Activities
We all know that social media play huge role in cryptocurrency investing. Almost every crypto user interacts with social media, and activities within the space always have significant effect on price actions.
We also need to consider that most crypto projects are promoted through social media. As we continue to interact with social media and crypto, we must always expect the influence of the former on prices of assets, including BitDAO long term price prospects.
Growth in Crypto Adoption
Among other things, BitDAO will help to drive crypto adoption. An increase in crypto adoption is often seen as a win for the entire industry, and it naturally results in an increase in the value of most mainstream crypto assets and new altcoins like BIT.
Already, crypto adoption is improving globally. As the trend continues, we can expect BitDAO long term future price to be significantly higher than what we have right now.
Crypto Market Regulation
There is a general belief that regulation may harm the crypto economy. After all, Bitcoin and other cryptocurrencies were created to be independent currencies, immune to government regulation. However, there is a growing call for crypto market regulation.
It is impossible to explain with certainty how market regulations will affect cryptocurrency prices in the future. We can believe, however, that it may favor valuable digital assets. Of course, we regard BitDAO as one of the most valuable crypto assets, though it’s still cheap at the moment.
Institutional Investment
We’ve established that BitDAO is not a company but a decentralized autonomous organization. It is also important to note that it has prominent crypto institutions as contributors. Institutional investment helped to get the project off the ground.
Institutional investment will continue to drive price growth in the cryptocurrency universe. BitDAO is also likely to attract more institutional investment. It is almost impossible to expect BitDAO price prediction to be negative, considering the nature of the DAO and potentials of the project.
Cryptoassets are a highly volatile unregulated investment product.
Before we get to the very end of this BitDAO price prediction guide you need to understand the importance of getting relevant news about an asset you hold. It will help you take proactive actions that can either improve profit or minimize losses. Here’s some latest news around BitDAO:
- BitDAO (BIT) price hold steady even after unlocking $106 million worth of tokens
- BitDAO (BIT) tokens price surges to a new high as buying pressure continue to increase
- Support for BitDAO token establishes at the $0.5622 level, suggesting that a new bullish run can see the coin reach the $1 mark again real soon
- BitDAO gains by 1.32% as Bitcoin crosses $25k and Ethereum price rise by 2% - filecoin among top gainers too
Cryptoassets are a highly volatile unregulated investment product.
Conclusion – BitDAO Price Prediction
So far, we’ve provided what we believe is the most comprehensive BitDAO price prediction guide for real crypto traders and investors. We covered both short term and long term BitDAO price forecasts and factors that can drive price growth. We also discussed BIT’s utility and value potential.
We mentioned at different points that BitDAO is one of the best altcoins to buy now. Though it is a volatile asset, BIT is one of the most undervalued crypto assets and can easily yield significant ROI if the market plays out well.
Other Crypto Price Predictions
- Bitcoin Price Prediction
- MultiversX Price Prediction
- Ethereum Price Prediction
- Shiba Inu Price Prediction
- Stellar (XLM) Price Prediction
- Litecoin Price Prediction
- Stacks Price Prediction
- Aptos Price Prediction
- Ripple Price Prediction
- Toncoin Price Prediction
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Cryptoassets are a highly volatile unregulated investment product.
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FAQs BitDAO Price Prediction
What was the starting price of BitDAO?
According to Coingecko data, the starting price of BitDAO was $1.60 per token, and it was recorded on 16th August 2021.
What was BitDAO's highest price?
At the time or writing this article, BitDAO’s highest price was $3.10, and it was recorded on 12th November 2021
What will BitDAO be worth in 2023?
According to our meticulous BitDAO price prediction, BIT can maintain stability and then rise slowly to reach $1.18 before the year 2023 runs out.
What is the BitDAO price prediction for 2024?
If BitDAO performs satisfactorily and BIT enjoys a decent year, then the coin can sustain the momentum next year. Before the end of 2024, we project that the coin can reach $1.85 per token.
How much will BitDAO be worth in 5 years?
Five years is enough time for BitDAO to gain popularity and the token can take advantage of this to soar. According to our BitDAO price forecast, the coin can reach $11.5 per token.
What is BitDAO price prediction for 2030?
Based on our comprehensive forecast, BitDAO price prediction for 2030 is $15 per token.
Will BitDAO go up?
Yes, BitDAO price will likely go up in the coming years. It is an exciting project backed by some of the best individuals and institutions in the industry. Its value proposition is also exceptional.
Is BitDAO a good investment?
Yes, BitDAO is an overall good investment. Currently, it is one of the most undervalued crypto assets and the chances of exploding are high. It could be a very good investment in the near future.