Retreeb price prediction: Will TREEB rally again?
In the face of Russia's invasion of Ukraine, the global cryptocurrency market is giving mixed signals to investors. With millions of dollars in crypto donations for Ukraine, the sentiment towards bitcoin and cryptocurrencies has been changing from a risk asset to a safe-haven in a time of geo-political turmoil.
Retreeb (TREEB), a native token of a decentralised payments network, reached an all-time high of $0.4314 on 19 February. However, on 6 March, it fell to a 7-day low of $0.1666, wiping out over 61% of the gains. At the time of writing (7 March), TREEB was trading at $0.2351.
Can TREEB token become a popular payments network in a decentralised finance (FeDi) sector, or will it fade away over time like many other cryptocurrency ventures? This article covers fundamental analysis of the token, along with a Retreeb token price analysis and recent news and developments that could shape Retreeb price prediction for the coming years.
What is a retreeb coin?
Retreeb was launched in 2019 as a decentralised payment protocol that allows users to make payments. A portion of transaction fees is allocated for social benefits.
It permits an equal distribution of wealth without imposing additional charges on customers. To do so, it contributes a percentage of its network fees to social and solidarity efforts and programmes. These include tackling societal concerns such as ecological transition, social inclusion, education, industry relocation and employment.
Retreeb Protocol currently has two native coins: (S)TREEB, the stablecoin of Retreeb, and (U)TREEB, the utility coin.
(S)TREEB is a stable multi-asset coin pegged to the euro in European Union member nations and the Swiss Franc (CHF) in Switzerland. Users of (S)TREEB can purchase products and services in retailer networks using their mobile phone or the retreeb card.
(U)TREEB is a utility and governance token with a fixed supply and dynamic value. With (U)TREEB, users can use free services such as payment card services and choose which ecological or solidarity initiatives to fund.
Retreeb's products are broken down into two wallets assigned to different target markets: retailers and consumers.
Retailer wallet
The POS retailer wallet is a mobile application for retailers and organisations.
The POS retailer wallet enables users to access transaction histories, provide refunds, configure their company information, manage accounting exports and manually withdraw their balance into fiat money at any moment.
Retailers pay transaction fees, in the same manner, they do with a traditional credit card payment.
The service is free for associations and non-governmental organisations.
Consumer wallet
Consumer wallet is a consumer-focused smartphone application.
It provides white-label and adaptable services to a diverse range of user groups.
The consumer wallet is the only mechanism for the user to acquire (S)TREEB in their local currency.
(S)TREEB can be bought as a rapid deposit using a credit card or as a free deposit using a bank transfer.
Retreeb news and price drivers: Will new partnerships boost its price?
The project has undergone several important updates lately, which may affect the retreeb future price:
Partnership with Huobi
Retreeb announced the launch of the TREEB token on Huobi Wallet in February 2022. To celebrate this collaboration and show appreciation to users, Retreeb and Huobi Wallet announced an airdrop event with a prize of $10,000 tokens.
Huobi Wallet is a multi-chain lightweight wallet designed for professionals. It benefits from Huobi Global's security experience and technological development as an independent entity inside the Huobi Global ecosystem.
???? @Retreeb_io Partnership with @HuobiWallet
— ???????????????????????? ???????????????????? (@Fantom_Space) February 28, 2022
???? $TREEB - native token of #Retreeb is listed on #HuobiWallet and they have an ongoing opportunity for the users to earn more $.
???? INFO :https://t.co/RB8JQzdYZ8#FantomSpace $FTM pic.twitter.com/xwr1EOstM7
Partnership with Unitlife
Retreeb entered another significant partnership in February 2022. Retreeb partnered with Unitlife, a United Nations-led global programme to resolve inequalities from birth. Unitlife is hosted by the United Nations agency UNCDF.
Unitlife's partnership with Retreeb signifies the start of the company's social endeavours as the first beneficiary partner of a transparent and dedicated corporate social responsibility approach.
Partnership with Spookyswap
Retreeb collaborated with Spookyswap in September 2021 to launch its initial DEX offering (IDO). SpookySwap is a decentralised exchange (DEX) powered by automated market-making (AMM) for the Fantom Opera network.
Apart from the IDO, this collaboration resulted in Retreeb staking and farming on Spookyswap. Users gained the ability to farm TREEB tokens and obtain xBOO (Spookyswap's native token) tokens via staking.
TREEB/USD price analysis
According to ICO Drops, the initial coin offering (ICO) for the TREEB coin concluded on 15 September 2021 at $0.01. Since then, it’s delivered a ROI of 2,251%, according to CoinMarketCap (as of 7 March 2022).
According to the earliest available price data, Retreeb token price fell from $0.014 on 5 October to $0.002 on 21 October, a decline of more than 85%. Following the decline, the TREEB token price rebounded dramatically, reaching $0.016 on 4 November – a 700% gain. The uptrend was in line with the broader crypto market, which was bullish over the same time. Bitcoin (BTC) was trading at $61,452 on 4 November, up more than 5% from $58,482 on 27 October.
The bullish market sentiment continued and on 15 November, the TREEB token hit $0.059, a significant rise of more than 290% in three days. During the same period, ethereum (ETH), the world's second-biggest cryptocurrency by market cap, reached an all-time high of $4,891 on 16 November.
After a short retracement in December, the price increased and ended the year at $0.322. It briefly declined to $0.115 on 6 January 2022 before reaching its all-time high of $0.431 on 19 February. Since then, it has been trading in a bearish market and made a 7-day low of $0.1666 on 6 March.
At the time of writing (7 March), the TREEB token was trading at $0.2351 and had a market capitalisation of $36m.
Retreeb (TREEB) price prediction: Targets for 2022, 2025 and 2030
Predicting the retreeb future price, algorithm-based forecasters gave various targets, as of 7 March. According to Wallet Investor, the average price could reach $0.80 by the end of 2022, $2.72 by the end of 2025 and $3.47 by February 2027.
Digital Coin's TREEB price prediction was less bullish. The service suggested the average price of TREEB in 2022 could be $0.31, $0.35 in 2023, $0.46 in 2025 and $1.11 in 2030.
According to Price Prediction’s technical analysis as of 7 March: “Retreeb is facing a hard time getting on board with other crypto coins. The TREEB is down to almost – 12.94% in the last 7 days. The coin is still showing risking framing segments for past few days. The coin might have strong fundamentals but, we don’t think that it would a profitable asset in short term.”
However, their TREEB/USD forecast was bullish in the long run, suggesting the average price could reach $0.31 in 2022, $1 in 2025, $5.98 in 2030 and $8.85 in 2031.
When looking for Retreeb predictions, bear in mind that analysts' and algorithm-based price targets can be wrong. Their TREEB/USD forecasts are based on fundamental and technical studies of a cryptocurrency'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 Retreeb a good investment?
Retreeb is a decentralised payment system that contributes one-third of its network fees to social and solidarity initiatives. It has delivered a ROI of 2,251% since its inception according to CoinMarketCp as of 7 March 2022. It has even collaborated with the United Nations for social welfare initiatives.
Still, whether the Retreeb coin is a good fit for your investment portfolio depends on your circumstances and risk tolerance. You should estimate the level of risk you are ready to take before investing. And always conduct your research before making any investment decision.
Will Retreeb coin go up or down?
Algorithmic forecasting tools, including Wallet Investor, Digital Coin and Price Prediction (as of 7 March), gave a positive Retreeb crypto price predictions, suggesting that the coin has the potential for gains in the future, but gave various price targets. According to Price Prediction, it could surpass $5 in 2030.
Will retreeb (TREEB) hit $1?
According to the TREEB/USD forecast by Price Prediction (as of 7 March), TREEB could hit $1 by 2025. Note that TREEB predictions can be wrong and shouldn't be used as a substitute to your own research.
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