Squid grow price prediction: What is squid grow (SQUIDGROW)?
It has generated something of a buzz since it came out, albeit with some red flags surrounding it, but what is squid grow (SQUIDGROW)?
Let’s find out, and examine some of the squid grow price predictions that were being made as of 12 September 2022, too.
Squid grow explained
One of the more notable things about cryptocurrency is that it is in theory pretty democratic and inclusive. While you will have to have a pretty strong knowledge of blockchain technology if you want to create a crypto coin of your own, starting up a token is pretty straightforward.
This has advantages and disadvantages. On one hand, you can create your own token and use it to power something that you have created. On the other hand, that means that there is always, sadly, the potential for people to lose their money. Ultimately, it does not really matter whether or not it is an intentional scam, or a well-meaning programme that was poorly run, if you lose your money then you will have come out worse.
One of the more controversial crypto start-ups in 2021 was the squid game (SQUID) token. Inspired by the hit Korean TV show that broke records on Netflix (NFLX), it enjoyed a stratospheric rise in October 2021, moving from a late-October launch price of $0.025 to an all-time high of $2,861.80 on 1 November before crashing hard.
The token was subject to a “rug pull” scam, which is where a token’s promoter attracts buyers and then stops all activity and disappears with all the money raised. SQUID’s developers were able to effectively steal an estimated $3.38m according to Gizmodo. While the crypto still exists, apparently run by the community, it is worth a fraction of what it was at its peak.
Anyway, recently, there has been another cryptocurrency inspired by Squid Game that has garnered a fair bit of attention. Squid grow is a crypto that is one of many meme coins out there.
While the most common form of a meme coin is the dog coin – cryptos inspired by the success of dogecoin (DOGE), itself a parody of crypto – the term can also apply to tokens that are created, sometimes as a joke, or sometimes as a pop culture reference. While the TV show Squid Game, which ultimately had nothing to do with its controversial eponymous token, reached the height of its popularity in late 2021, it still enjoys enough relevance for the squid grow token to cash in on its name.
Unfortunately, this already causes a problem. It is entirely possible that potential investors will see the nod to Squid Game and, mindful of what happened before, be put off. What also does not help matters is that while the system is based on smart contracts (computer programs that automatically execute once certain demands are met), the person or people in charge of Squid Grow can manipulate them.
A warning on Squid Grow’s entry on CoinMarketCap reads: “Smart contract of the following asset can be modified by the contract creator (for example: disable selling, change fees, mint new tokens, or transfer tokens). Please exercise caution before taking any action and DYOR [do your own research].”
What makes this more of a red light for potential investors is that Squid Grow claims to be a decentralised project, which means the power that administrators, for want of a better word, have over the system’s smart contracts runs contrary to that.
If we take SQUIDGROW in good faith, it is worth noting that it does have its own whitepaper. This says that the token and its system aims to do more than the average meme coin, saying:
In terms of its practical usage, the token can, according to the whitepaper, be staked in order to earn a 50% annual percentage yield (APY), while people who deposit the CAKE cryptocurrency into the platform’s liquidity pools could potentially get 500% APY paid in SQUIDGROW.
Every transaction on the system generates an 8% tax, although it is not stated what this tax is used for. Squid grow was set up by someone who calls themselves Shibtoshi, working in partnership with Australian crypto investor Aredub and Dane, a Texan former collegiate sportsman who has, according to the system’s website, seven years experience in crypto.
We should also mention that, because squid grow is based on the Binance Smart Chain (BSC), it is a token, rather than a coin. You might hear references to things like a squid grow coin price prediction, but these are technically incorrect.
Squid grow price history
Now, let’s cast our eyes over the SQUIDGROW price history, such as it is. While past performance should not be taken as an indicator of future results, knowing what the token has done in the few weeks that it has been on the open market may give us some much-needed context if we either want to interpret a squid grow price prediction or make one of our own.
Squid grow price history
Source: CoinMarketCap
Squid Grow first came to the attention of CoinMarketCap on 26 July 2026, opening the day at $0.000000007865. Since then, the price movement of the token has been consistently upwards, meaning that its first price still, at the time of writing, serves as an all-time low.
Part of the reason for its subsequent growth came the following day, when the CoinTiger crypto exchange listed the token, and it reached an intraday high of $0.00000001505. The growth did not stop there, though and on 1 August, when the token was listed by the DECOIN exchange, it reached an all-time high of $0.00000004922. There was a fallback after that, despite news that it was to appear on the BigONE, MEXC, and LBank exchanges, and on 7 August SQUIDGROW was worth $0.00000002008.
After that, there was some recovery, with the token boosted by the news that it was to appear on the Bitrue exchange and that Squid Grow had organised a TikTok dance competition meant that, on 10 August it was worth around $0.0000000208. It then slid back down to an intraday low of $0.00000001189 on 20 August, before recovering somewhat to $0.00000002149 on 23 August. There was another slump after this, and the token traded at an all-time low of $0.000000006511 on 8 September. By 12 September 2022, however, the crypto had recovered somewhat and was trading at around $0.0000000128.
Make your vids to this track - https://t.co/rnoMgErfrl#SquidGrow #SquidGrowDance pic.twitter.com/4sO0TWUvyC
— SquidGrow (@Squid_Grow) August 10, 2022
One thing to note is that there were no official figures for a circulation when it came to squid grow. That said, there was, according to CoinMarketCap, a self-reported 999.95 trillion SQUIDGROW in circulation out of a total supply of one quadrillion. If this figure was accurate, it would give the token a market cap of around $13.5m which would make it something like the 705th largest cryptocurrency by that particular metric.
Squid grow price prediction
With that out of the way, let’s take a look at some of the few squid grow price predictions that were out there at the time of writing on 12 September 2022.
It is important to note that price forecasts, especially when it comes to something as potentially volatile as cryptocurrency, are very often wrong. Also, long-term crypto price predictions are often made using an algorithm, which means they can change at a moment’s notice.
Something else we need to point out is that, because SQUIDGROW is a relatively new token, there are not as many squid grow crypto price predictions out there as one might expect from a better established crypto.
First, PricePrediction had a SQUIDGROW price prediction that said the token could have reached $0.00000003 this year, $0.00000004 in 2023 and $0.00000005 in 2024. The site made a squid grow price prediction for 2025 of $0.00000008, before it suggested it could have achieved $0.00000012 in 2026, $0.00000018 in 2027 and $0.00000025 in 2028. By 2029, the site said the token could have been worth $0.00000035, before it potentially stood at $0.00000051 in 2030 and $0.00000071 in 2031.
Next, DigitalCoinPrice made a squid grow price prediction for 2022 that argued it could have been valued at $0.000000017 at some point this year before it could have moved on to $0.0000000294 in 2023 and $0.0000000409 in 2024. The site suggested that the squid grow token price could have continued to rise in 2025 to $0.0000000534 before it slipped possibly to $0.0000000454 in 2026. By 2027, the site suggested the token may have reached $0.0000000642, then $0.0000000912 in 2028 and $0.000000128 in 2029. It then presented a squid grow price prediction for 2030 of $0.000000181 before reaching $0.000000246 in 2031.
When considering a SQUIDGROW token price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. Never trade with money that you cannot afford to lose.
FAQs
How many squid grow are there?
On 12 September 2022, there was a self-reported circulating supply of 999.95 trillion SQUIDGROW and a total supply of one quadrillion, according CoinMarketCap.
Is squid grow a good investment?
It is hard to say at this early stage in the token’s existence. While there was some optimism in the few forecasts there were at the time of writing, we need to remember that forecasts are very often wrong. Also, there are some potential red flags that investors should be wary of.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the SQUIDGROW token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Will squid grow go up or down?
It is, perhaps, a little too early to tell at this stage, although it is important to remember that crypto can be very volatile and prices can go down as well as up.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether squid grow is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Should I invest in squid grow?
Whether you should invest in SQUIDGROW is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.
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