Swissborg price prediction: What is swissborg (CHSB)?
By Peter Henn
Updated
SwissBorg wants to make crypto wealth management easier, more accessible and more enjoyable, but what is SwissBorg? And what about its cryptocurrency, swissborg (CHSB)?
Let’s take a look at CHSB and see what we can find out, as well as examine some of the swissborg price predictions that were out there at the time of writing on 25 November 2022.
Swissborg explained
One of the key parts of the world of cryptocurrency is decentralised finance (DeFi). This is the idea that with a significant amount of people who have no bank account but do have a mobile phone, you don’t need a bank account to get access to financial services. This is, ultimately, one of the key drivers behind both crypto and the world of blockchain technology as a whole. If people can access savings and loans, DeFi supporters say, there will be more financial inclusion, which can only be a good thing.
While things such as loans and savings are a key issue in the world of DeFi, there are, however, ideas that decentralised finance can go a bit further. One organisation that aims to take things to another level is the SwissBorg protocol.
This online organisation, which was founded by investment manager Cyrus Fazel and trader Anthony Lesoismier-Geniaux, is based in the Swiss city of Lausanne. The platform, which was founded in 2017, has a mission to make wealth management accessible to people who are not particularly wealthy themselves.
The idea is that people who use the system will be able to get help in making smarter investing decisions when it comes to the crypto market. The platform’s website says it aims to make crypto wealth management “fun, fair and community-centric”, while offering several different features, such as a mobile phone app and a video channel which is designed to help people learn about crypto and the blockchain.
The system connects the Binance (BNB), Kraken, LMAX, HitBTC and Bitfinex crypto exchanges, meaning that people can get a better deal when it comes to buying and selling their cryptocurrency.
Every blockchain-based network needs to have its own native token, and SwissBorg has the conveniently named swissborg cryptocurrency, also known by its ticker handle of CHSB. This token is designed to help people who hold it help run the SwissBorg platform.
People who have CHSB are able to generate a token called RSB, which gives holders the right to vote on decisions that have an impact on the future of SwissBorg. CHSB holders are also able to earn yield – basically, a form of interest – of up to 18.2% a year, while CHSB can be directly swapped for 16 fiat currencies and 48 separate cryptocurrencies.
One important thing to note is that, because CHSB is based on the Ethereum (ETH) blockchain, it is a token, rather than a coin. You might see references to the CHSB coin or a swissborg coin price prediction, but these are, technically speaking, wrong.
Swissborg price history
Swissborg (CHSB) price history from launch
It is now time to take a look at the CHSB price history. While past performance should never be taken as an indicator of future results, knowing how the token has behaved in the past can give us some very useful context if we want to either interpret a swissborg price prediction or make one of our own.
When CHSB first came onto the open market in early 2018, the market was going through a bubble, and in early February that year the token opened at $0.09145. Then, though, the bubble burst, with the market going though a so-called crypto winter, with prices across the board characterised by stagnation. Over the next two years or so, CHSB’s performance was rather poor, reaching an all-time low of $0.00477 on 24 July 2019.
It was not until early 2021 that things began to improve. The market went through a bullish phase, with rises caused at least in part by US Covid-19 stimulus cheques reaching the cryptosphere. During this time, CHSB responded well to a growing market and it reached an all-time high of $1.65 on 4 May.
After this, though, the great crypto day crash of 19 May 2021 saw the market sink down, with CHSB spending the next few months in the doldrums, reaching lows of below $0.50 in late June. In August, though, things got better, with a growing interest in non-fungible tokens (NFTs) helping CHSB recover to a high of $1.14 on 23 August. It was downhill after that, though, and the token closed the year at $0.5941.
So far, 2022 has been a far weaker year for cryptocurrency than 2021 was, and CHSB has not exactly covered itself in glory. The token started well, reaching an intraday high of $0.6559 on 30 January, but then things went downhill, reaching a low of $0.4028 on 16 March before an upturn to reach a periodic high of $0.5293 on 6 April 2022.
After that, though, market conditions saw the price fall and things got even worse in May, when the depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency saw CHSB drop to $0.206.
While there was some recovery, June’s news that the Celsius Network (CEL) crypto lending platform had cancelled withdrawals confirmed the bear market and the token sank to a low of $0.1486 on 19 June. Although there was a fightback to $0.223 on 23 June 2022, CHSB basically slumped for the next few months.
On 9 November 2022, following the collapse of FTX, SwissBorg clarified that it had no ties to the exchange or Alameda.
Our CTO chimes in! #WeAreSwissBorg ???????? https://t.co/lu7ZN0Ria2
— SwissBorg (@swissborg) 9 November 2022
As of 25 November 2022, swissborg (CHSB) was trading at about $0.2381.
At that time, there were one billion CHSB in circulation, representing the total supply. This gave the token a market cap of about $238m making it the 110th-largest crypto by that metric.
Swissborg price prediction round-up
With that all out of the way, let’s take a look at some of the swissborg price predictions that were being made at the time of writing on 25 November 2022.
It is important to remember that price forecasts, especially when it comes to something as potentially volatile as cryptocurrency, are often wrong. It is also important to bear in mind that long-term crypto price predictions are often made using an algorithm, which means that they can change at a moment’s notice.
First, TechNewsLeader made a swissborg crypto price prediction that suggested the token could reach $0.35 in 2023 and $0.54 in 2024. By 2025, the site argued that CHSB could be worth $0.77. In 2026, the forecast was the token could have gone on to $1.13.
In 2027, the site gave a target price that the crypto could be priced at $1.62 and then $2.30 the following year. By the end of the decade, the site said swissborg could have achieved $3.60 before it went on to make a swissborg price prediction for 2030 that saw the token at $5.35. In 2031, it was forecast CHSB could trade at $7.43.
Next, CaptainAltCoin outlined a CHSB price prediction that the token could be worth $0.1970 by the end of 2022 before recovering to $0.275 by November next year. The site gave a swissborg price prediction for 2025 that saw it rising to $0.5784, but said it could be back down to $0.4207 by 2027.
By 2030, though, the site thought that the token could have gone on a significant upswing to $1.45, before it stuck its neck out and made a swissborg price prediction for 2040 that it could have grown to $2.89.
Meanwhile, CoinsKid made a swissborg price prediction for 2023 that said the token could start the year at $0.2822, before going up to as much as $0.5017 by November 2023. A year from then, the site said that the token could trade at around $1.34. For November 2025, the site gave a CHSB price prediction of $1.38, going on to say that CHSB could rocket to $2.02 12 months after that.
Finally, Wallet Investor struck a more bearish tone in terms of its swissborg token price prediction. It suggested that by November 2023 the price of the token could have fallen to $0.0165.
When considering a CHSB token price prediction, 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 swissborg are there?
On 25 November 2022, there were one billion CHSB in circulation, representing the total supply.
Is swissborg a good investment?
It is hard to say. The token has been on a notable downturn over the last few months, and whether its performance will improve or not will, at least in part, depend on how the market as a whole performs. It will also be interesting to see what the SwissBorg platform can do to stand out in a crowded market.
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 swissborg 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 swissborg go up or down?
It is difficult to say. While the likes of CoinsKid were optimistic at the time of writing, sites such as Wallet Investor struck a far more negative tone. It is also important to remember that crypto price predictions can very often be wrong, too, and that 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 CHSB 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 swissborg?
It’s not for us to answer this for you. Whether you should invest in CHSB is a question that you will have to answer for yourself.
Before you do so, however, you will need to conduct your own research. Never invest more money than you can afford to lose, because prices can go down as well as up.
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