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Biswap price prediction: Will BSW get the momentum back?

By Ankish Jain

Edited by Alexandra Pankratyeva

10:12, 12 April 2022

Biswap price prediction: Will BSW get the momentum back? The communication network around the Earth is used for international connections around the world for finance, banking, the Internet of Things and cryptocurrencies, the concept of fintech, a composi
Biswap price prediction: Will BSW get the momentum back? Photo: NicoElNino / Shutterstock.com

BSW, the native token of Biswap decentralised exchange (DEX), opened at $0.73 on 1 April and reached a high of $2.11 on 2 April, almost retesting the coin’s all-time high of $2.13, achieved on 8 December 2021, according to Coinmarketcap. However, the glory was short-lived, and the BSW token price declined to $1.19 at the time of writing (11 April).

BSW cryptocurrency remains in positive territory on a 15% gain year-to-date (YTD). Meanwhile, several other competing DEX cryptocurrencies, including dYdX (DYDX) and PancakeSwap (CAKE), dropped by 38% and 28%, respectively, YTD.

Will the BSW cryptocurrency rebound in the coming weeks, as it did in past quarters, or will the decline continue? Let’s take a closer look at the fundamentals of the project and get the round-up of the biswap price prediction.

Biswap (BSW) price prediction

What is Biswap?

Biswap is a decentralised exchange that introduced the three-type referral system platform on the Binance Smart Chain. The native token for the platform is known as BSW and has over 100,000 users globally. 

According to its whitepaper, Biswap commands a 0.1% transaction fee – the lowest among decentralised exchange platforms. Additionally, it offers up to 70% exchange fees reimbursements in the form of BSW tokens.

The three-type referral system is an opportunity for investors to earn referral fees. Users can refer it to their friends and earn 5% of the income generated through farms and launchpools. Users can also exchange BEP20 tokens for liquidity and make passive income.   

Biswap also features a Launchpool that enables users to stake BSW tokens in exchange for free tokens from other projects. The number of tokens received is proportional to the number of tokens subscribed to the pool by a user and the total number of BSW tokens invested in the pool.

In October 20221, Biswap received a strategic investment from Binance Labs. Biswap secured the investment due to being one of the winners of the Most Valuable Builder (MVB) II initiative in April 2021, an international competition to support Binance Smart Chain-based builders. 

Nicole Zhang, Director of Binance Labs, said: “Biswap is one of the most innovative and popular projects on Binance Smart Chain, and this investment is in line with Binance Labs’ ongoing initiative to promote DeFi and blockchain infrastructure. Binance Labs has always been committed to supporting fast-executing, technical teams who have the potential to positively impact the crypto space, build decentralized web, and help the BSC ecosystem grow.”
Major exchanges that support biswap (BSW) trading include Binance (BNB), Gate.io (GT), BYBIT, Tokocrypt, MEXC Global and LBank.

BSW/USD price analysis: Is it ready for new highs?

Biswap (BSW) price prediction

Based on the earliest available price data from 2021, the BSW token has experienced several significant rallies and bearish periods since its inception.

The token rose steadily from $0.84 on 2 July to $1.86 on 22 August, resulting in an over 121% ROI for investors. However, post the rally, the BSW token price retraced and declined to $0.68 on 8 September, a decline of more than 63%. The bearish trend continued and the BSW price declined to its all-time low of $0.27 on 12 October, the chart showed. 

On 22 October, the bulls jumped in when Binance Lab announced its strategic investment in Biswap. The BSW price reacted positively, spiking from $0.92 to the all-time high of $2.13 on 8 December.

However, the crypto market crash in late December 2021 hit BSW and it closed the year at $1.06, down more than 50% from the peak. During January 2022, the BSW token continued to trade in a bearish momentum and declined from $1.01 on 1 January to its 90-day low of $0.28 on 14 March.

However, with the recent listing on Binance, the coin’s value rebounded from $0.35 on 21 March to a 90-day high of $2.11 on 2 April, a rise of more than 500%.

The token was listed in Binance's innovation zone. The applicable trading pairs are BSW/BNB, BSW/USDT and BSW/BUSD. The innovation zone is specially designed to encourage users to invest in newly added innovative tokens. 

BTC/USD

63,844.85 Price
-1.120% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

BCH/USD

378.10 Price
-0.010% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

ETH/USD

3,414.11 Price
-0.080% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

XRP/USD

0.57 Price
-9.400% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

At the time of writing (11 April), the BSW token was trading at $1.19 and had a market capitalisation of $260m.

Biswap outlook: News and price drivers

BSW has undergone several important milestones lately, which may drive the BSW coin's future target price.

The launch of Biswap Space Agents Program

Biswap announced its Space Agents Program on 3 March with $5m BSW of total prize money for enthusiasts and influencers passionate about the Biswap project. 

The goal is to create buzz about Biswap globally. The participants can create content on several core topics – Biswap DEX, Biswap NFTs, and Squid NFT – and share it with their network. There is a $7,500 BSW reward for the top 10 agents. 

BFG & BSW announced event worth of 0,000 on BetFury

To celebrate its Binance-enlistment, BSW announced on 6 April a joint event with BFG on BetFury. The event has total prize money of $140,000 and runs from 6 April to 13 April. 

Roadmap update

According to the Biswap roadmap, which was revised on 28 March, many initiatives and updates are in the works to enhance the platform's capabilities.

These plans include the establishment of a multi-reward pool for BSW holders, the implementation of non-fungible token (NFT) staking v2.0, the introduction of a personalised dashboard for users, the introduction of daily tasks for users, the addition of limit order capabilities, and the introduction of lending and borrowing functionality, among other updates.

Biswap price prediction: Targets for 2022, 2025 and 2030

According to CoinCodex, market sentiment for BSW was neutral, as of 11 April, with 13 technical indicators giving bullish signals and 11 bearish. 

The 3- to 10-day moving averages gave ‘sell’ signals, while the 21- to 200-day as well as weekly simple moving averages (SMA) and exponential moving averages (EMA) gave ‘buy’ signals. The average directional index (ADX), Hull moving average (HMA) and the Stoch RSI also gave ‘buy’ signals.

The moving average convergence divergence (MACD) and relative strength index (RSI) kept neutral. Meanwhile, the volume-weighted moving average (VWMA) gave a sell signal.

According to the short-term biswap price prediction on 11 April by CoinCodex, the BSW token could plunge to $0.934059 on 16 April 2022.

Meanwhile, several algorithm-based forecasters gave mixed long-term BSW price predictions, as of 11 April:

  • According to Wallet Investor’s BSW crypto price prediction, the token was a bad long-term investment. It estimated that the coin’s average price could decline to $0.97 by the end of 2022 and $0.231 by the end of 2025. Its five-year BSW prediction indicated that BSW could reach $0.214 in April 2027.  

  • However, the BSW forecast from Price Prediction was rather bullish. Although its biswap coin price prediction suggested that the average price in 2022 could be $0.51, it expected the token to go up to $1.64 in 2025 and hit $10.41 in 2030. 

  • In line with Price Prediction, the biswap prediction from Digital Coin also indicated that BSW could rise further. According to its biswap crypto price prediction, the average price could be $1.39 in 2022, $2.06 in 2025 and $4.92 in 2030.

When looking for BSW coin price predictions, bear in mind that analysts’ and algorithm-based projections can be wrong. These expectations are based on fundamental and technical studies of the BSW token’s past performance. Past performance is no guarantee of future results.

It’s essential to do your research and always remember your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio, and how comfortable you feel about losing money. You should never invest money that you cannot afford to lose.

FAQs

Is biswap a good investment?

Biswap is a DEX platform that includes a three-type referral system and has the lowest transaction fees, according to its whitepaper. Whether the coin is a good fit for your investment portfolio depends on your circumstances and risk tolerance. You should always conduct your own research on the cryptocurrency’s prospects before making any trading decision.

How high can biswap go?

According to the BSW/USD forecast from Price Prediction, as of 11 April 2022, it could go as high as $10.41 in 2030. However, please note that algorithm-based price targets can be wrong.

Will biswap (BSW) reach $5?

Algorithm-based forecasts from Digital Coin, as of 11 April suggested that the average price of Biswap could reach $5.70 in 2031, whereas according to Price Prediction, the coin could trade at an average price of $5.03 in 2028.

Markets in this article

DYDX/USD
DYDX/USD
1.4390 USD
-0.0211 -1.510%
CAKE/USD
CAKE/USD
2.0329 USD
-0.0131 -0.660%

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