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SwftCoin price prediction: What is SwftCoin (SWFTC)?

By Capital.com Research Team

09:53, 22 July 2022

SwftCoin price prediction: What is SwftCoin (SWFTC)? SWFT cryptocurrency website displayed on a modern smartphone
SWFT cryptocurrency website displayed on a modern smartphone Photo: Piotr Swat / Shutterstock.com

The SWFT Blockchain may not be all that it seems, but what is SwftCoin (SWFTC)? 

Let’s see if we can find out some more and take a look at the SwftCoin price prediction, too.

SwftCoin explained

One of the crucial things that cryptocurrency can do is be traded. After all, there is little point in having any sort of currency, whether real world or virtual, if it does not have a value attached to it – and it is via trade that a worth can be assigned to it.

The most common place for a crypto to be traded is an exchange, a marketplace where people can buy the coins and tokens they want and sell the ones that they want to offload. Crypto exchanges are pretty popular and they basically come in two different forms.

Centralised exchanges (sometimes known by the abbreviation CEX) are more common. These are run by companies or institutions and feature fixed trading pairs. On the other hand, decentralised exchanges (DEXes) do not have a central authority running the show and often allow people to list whichever crypto they want to sell for whatever crypto they want to buy.

SWFT Blockchain is a centralised exchange, but it touts itself as being a bit different. It says that it makes the process of transferring tokens that exist on separate blockchains quicker, while also working across blockchains to allow the transactions to take place. It also aims to allocate people’s tokens using artificial intelligence, thus making it potentially cheaper to carry out transactions on the network, as well as making it quicker to sign up.

The system’s whitepaper says that the aim of SWFT Blockchain is to serve as “an integrated trading platform that provides users with a compact, safe and inexpensive range of cryptocurrency transfer services [that] will significantly improve the efficiency of the digital currency market”.

Every blockchain or, at least, blockchain-based platform – more on that later – needs to have its own native token, and SWFT Blockchain has SwftCoin, also known by its ticker handle of SWFTC. This token can be used to pay for transaction fees on the SWFT Blockchain platform, with a discount for doing so, while it can also be used to pay service fees within the system. SWFTC can also be bought, sold and traded on exchanges.

It is worth noting here that, while the SWFT Blockchain’s name might well cause the casual onlooker to think of it as a blockchain, the system’s whitepaper itself refers to itself as a “cross-blockchain platform”. This is backed up by the way that SWFTC operates on the Ethereum, Binance Smart Chain (BSC) and HECO blockchains. This means that, despite its name, SwftCoin is, technically speaking, a token rather than a coin.

SWFT Blockchain came out in 2017, created by a team of 13 people led by Ramble Lan, a crypto activist who also serves as president of the North America Blockchain Association. As far as the SWFTC token itself goes, that first came onto the open market at the start of 2018.

SWFTC price history

Let's now cast our eyes over the SwftCoin price history. While past performance should never be taken as any kind of predictor of future results, knowing what the token has done can be useful if we either want to interpret a SwftCoin price prediction, or else make one of our own. 

Swift coin to USD Chart

When SWFTC first came onto the open market in January 2018, the crypto market was in the middle of a bubble that saw some seriously inflated prices across the board. On 10 January 2018, it stood at its all-time high of $0.09186. After that, though, a combination of the bubble bursting and the newly-formed token being considered somewhat overpriced saw the price fall and, by the summer, it was less than a cent.

Over the next eighteen months or so, the SWFTC token price stayed low as the market went through a so-called crypto winter. On 13 March 2020, it sank to an all time low of $0.0004686 as markets were hit by lockdowns related to the Covid-19 pandemic.

Early 2021 saw the market wake up from its post-bubble hibernation and a range of coins and tokens hit new highs. While SWFTC was not quite able to get to where it had been in its infancy, it was still able to perform well, topping $0.007 in April. Following the Great Crypto Day crash of 19 May, though, the price slid down and, much like the rest of the market, SWFTC spent the summer in the doldrums, spending much of the following month below $0.002.

XRP/USD

0.60 Price
+3.150% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

BTC/USD

67,440.65 Price
+0.500% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

DOGE/USD

0.14 Price
+7.970% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

SOL/USD

175.10 Price
+2.440% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

In August, though, the market picked up, with a growing interest in non-fungible tokens (NFTs) leading the recovery and helping the token reach a daily high of $0.002977 on 18 August. While there was a fallback in September and October, things started to take off in November. At that time, bitcoin (BTC) reached new heights, which triggered market growth and set SWFTC off to a periodic high of $0.003789 on 12 November. After that, though, concerns about the Omicron variant of Covid-19 saw the market contract and it closed the year at $0.001394.

Although 2022 has seen the crypto market decline, there has been some good news in the form of SWFTC, with it being one of the few cryptocurrencies to grow its price so far this year. Initially, there was not much movement, but in February, the news that it was to be listed on the Gate.io exchange saw the price boosted to $0.004896 on 9 February.There was, however, some decline after that, but the token still spent most of the following three months or so above $0.002.

After that, though, things fell down pretty swiftly, as the depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency saw the market collapse. In the turmoil, SwiftCoin dropped to $0.0007688 on 12 May. Although there was some recovery, June’s news that the Celsius crypto lending platform had cancelled withdrawals caused a slip back and the token reached a low of $0.0006789 on 13 June. 

There was then a halting recovery, until 20 July’s double whammy of news that not only was SWFTC to be listed on Coinbase but also on KuCoin saw the price hit a high of $0.003894. The price did drop slightly after that, but on 21 July 2022 it was trading at about $0.0036. At that time, there were four billion SWFTC in circulation out of a total supply of 10 billion. At that time, the token had a market cap of around $14m, making it the 680th largest crypto by that measurement.  

For what it is worth, since the start of the year, a time when the crypto market has dropped by more than 50%, the price of SwftCoin has risen by more than 150%.

SwftCoin price prediction

It’s now time to take a look at the SwftCoin price prediction. Keep in mind that price forecasts, especially for something as intrinsically volatile as cryptocurrency, are very often wrong. It is also important to note that long-term crypto price forecasts are often made using an algorithm, which means that they can change at a moment’s notice.

First, TradingBeasts made a SwftCoin price prediction for 2022 that suggested it could close the year at $0.0038016 before it potentially achieved $0.0038987 in July 2023. The site argued for a possible SWFTC price of $0.0042273 in July 2024, followed by $0.004721 in July 2025 and potentially closing the year at $0.0049541.

Next, CryptoPredictions had a SwftCoin crypto price prediction that argued the token closed 2022 at $0.0052. By July 2023, the site said SWFTC could possibly have reached $0.0065, while 12 months on from that, it suggested the crypto may have attained $0.00836. The site’s SwftCoin price prediction for 2025 saw the token potentially at $0.00913 by the start of the year, before it may have gone on to $0.0098 in July and $0.0103 by the end of the year. In 2026, the site offered possible SWFTC values of $0.01096 in July and just over $0.011 at the close of the year.

Meanwhile, TechNewsLeader’s SwftCoin token price prediction said that it was likely to be around $0.002 this year and next year, before having moved on to $0.003 in 2024 and $0.005 in 2025. In 2026, the crypto might be valued at $0.006, before it possibly climbed to $0.01 in 2027. A price of $0.014 was predicted for 2028 while SWFTC might have finished the decade at $0.02. The site had a SwftCoin price prediction for 2030 that saw it at $0.029 that year and potentially at $0.042 in 2031.

Finally, WalletInvestor was more downcast when it came to a SWFTC price prediction, at least in the shorter term. The site said that the coin could have fallen to $0.0319 by July 2023 but have recovered somewhat to $0.046 in five years’ time. 

When considering a SwftCoin price prediction – or an SWFTC price prediction as some websites might say – it’s 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. And never trade with money that you cannot afford to lose.

FAQs

How many SwftCoin are there?

On 21 July 2022, there were four billion SWFTC in circulation out of a total supply of 10 billion. 

Is SwftCoin a good investment?

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 SWFTC 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 SwftCoin go up?

Cryptocurrencies can be highly volatile and prices can go down just as easily as they can go up. Analysts and algorithm-based forecasters can and do get their predictions wrong. Keep in mind that past performance is no guarantee of future returns. Always do your own research. And never invest what you cannot afford to lose.

Should I invest in SwftCoin?

This is something that you will have to decide for yourself. Before you do so, you will need to do your own research. Remember prices can go down as well as up. Keep in mind that past performance is no guarantee of future returns. And never invest what you cannot afford to lose.

 

Markets in this article

BTC/USD
Bitcoin / USD
67440.65 USD
334.7 +0.500%

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