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The protocol offers crypto holders to borrow and lend to the decentralized finance (DeFi) ecosystem. This functionality allows users to quickly borrow against collateral while paying lower transaction fees. The value of the borrowed cash should always be less than the value of the collateral offered.
In addition, by submitting at least 200 percent collateral to the Venus smart contract, users can create VAI stablecoins on-demand in seconds.
Because the Venus founders and other associated people do not have any XVS token allocations, the protocol's governance is exclusively controlled by the XVS community.
This protocol addresses issues in the DeFi space such as slowness, a lack of big market capitalization, high transaction costs, a lack of a user-friendly interface, and centralized compound interest.
In May 2021, the price of the XVS token jumped approximately 90% to $144 (from $76). Users might use this as collateral to borrow large amounts of money in other tokens like ETH and BTC.
In this article, we'll take a deeper look at Venus (XVS) price prediction for the following years.
What Is Venus (XVS)?
The fact that Venus is built on top of the Binance Smart Chain contributes to its great speed and incredibly cheap transaction costs.
Because of its near-instant transactions, the protocol is the first to allow users to access loan markets for crypto assets to source liquidity in real-time.
Customers who use the Venus Protocol to source liquidity do not need to pass a credit check and get a loan immediately by engaging with the Venus decentralized application (DApp).
Users are not constrained by their geographic region, credit score, or anything else because there are no centralized authorities, and they can always access liquidity by providing appropriate collateral.
The Venus Protocol uses price feed oracles, such as those from Chainlink to give reliable pricing data that cannot be tampered with, preventing market manipulation assaults.
The protocol allows you to deposit supported digital assets and earn an annual percentage yield (APY), including cryptocurrencies or stable coins. Any deposit into a pool adds liquidity, and borrowers can use the pooled funds to trade on the market.
Let’s look at the price prediction of the Venus coin now.
Price Analysis of the Venus
Flashback: Historical analysis of XVS
In the last four years, the Venus crew has mined 23,700,000 XVS, and their daily mining rate averages 18,493. The Binance Launchpool' program receives 20% of the entire supply, which is equivalent to 60,000 coins.
On October 17, 2017, the token reached its peak price of $4.77, and its lower price was $2.22 (as of October 13, 2020).
Venus (XVS) Price Prediction 2021
The XVS coin's price is expected to reach $59.78 by the mid of September 2021 and will rise to $62.99 by the mid of October 2021. On December 31, 2021, the price of the Venus crypto will reach $74.38.
Venus (XVS) Price Prediction 2022
In January 2022, the best possible price of XVS is estimated at $87.82 and then further increase to $114.75 in September 2022. Moreover, in November 2022, the XVS's price is estimated to be $127.79. In December 2022, the XVS coin holders may earn $132.77 per XVS token.
Venus (XVS) Price Prediction 2023
At the beginning of March 2023, the price of XPS will increase to $141.82. XVS coin prices will rise to $177.26 in mid-October 2023, then to $189.19 in December 2023. Throughout 2023, however, it will continue to fluctuate between $177 and $189.
Venus (XVS) Price Prediction 2024
XVS price prediction for 2024 is quite optimistic, and the coin is expected to reach $ 187.34 on 25 January 2024. At the end of February 2024, the price of XVS will be $192.57 and then $249.24 by the end of December 2024.
Venus (XVS) Price Prediction 2025
On February 28, 2025, the price of XVS might hit $245.18, and the Venus coin's lowest price could be $224.24 in April 2025.
By the end of September 2025, the price of XVS will have risen to $292.07 from $269.88 on July 31, 2025. In December 2025, the return on investment (ROI) for XVS coin holders might be $301.59 per XVS.
Venus (XVS) Price Prediction: Market Sentiment
The price study of XVS token is discussed in the following section. This study is undertaken by various popular media outlets:
Wallet Investor
XVS has the potential to be a rewarding investment, according to Wallet Investor. On 14 August 2021, the price of Venus was $37.4, so if you could have invested in Venus crypto for $100, your earnings will be around $2.667 per XVS.
In five years, this earning may reach $653.2, assuming a +553.2% hike in Venus's price.
Digital Coin Price
By the end of 2022, the price of the Venus coin is estimated at $60.77. According to Digital Coin price analysis, the price of XVS will climb to $141.6 in five years (from $36.4).
Coin Codex
XVS price prediction by Coin Codex indicates that Venus crypto is a strong buy for the year 2021 as it has support levels of $32.8, $29.3, and its resistance levels are at $38.1 and $43.3.
Gov Capital
Gov Capital predicts that the price of the Venus coin may reach $74.3 by the end of December 2021. The price may further increase to $86.8 by the end of February 2022. The best possible price of the Venus coin is estimated to be $146.96 by the end of November 2022.
However, the least possible price of the Venus coin will be $120.41 by the end of March 2023 and then rise to $189.19 on 31 December 2023.
The maximum price of the Venus coin will be $286.62 by the end of December 2024 and $346.83 by the end of December 2025.
Coin Data Flow
Coin Data flow expects Venus's price to be around $135 by the end of 2022 and may hike to as high as $6315.25 by the end of December 2025.
Coins Kid
The price of XVS will be roughly $40.25 at the beginning of October 2021, with a minimum price of $32.2 and a maximum price of $47.9. However, the average price of Venus will be around $40, with a 5% change for October 2021.
The price of the Venus coin is estimated to be $49.5 at the beginning of December 2021 and $51.5 by the end of December 2021.
By the end of December 2022, the price of XVS crypto will reach $68.73 and rise to an average price of $284.59 by the end of November 2025.
Our Venus (XVS) Price Prediction
Venus protocol is one of its kind of projects that has enhanced the traditional money market. Lending and borrowing at a lower rate offered by the Venus platform make it unique from other protocols.
Its native token XVS is the most transparent token and is generally used for voting on governance choices such as product enhancements, platform parameter modifications, etc.
Based on the above fundamentals and XVS price prediction by various media outlets, we expect that the price of the Venus coin will surpass the $70 level by the end of 2021, and in the next five years, it may exceed $300 valuation.
Despite this, you should be cautious of your money and invest wisely!
Conclusion
The rise of decentralized finance in cryptocurrencies has ushered in a new era of blockchain-based businesses. Defi transactions are transparent and do not require authorization from a third party.
As the use of cryptocurrencies grows, some people find themselves in need of digital asset loans. While we are in the era of centralized exchanges, there are several bottlenecks in the loan application process.
The Know Your Client (KYC) procedure has flaws, ranging from credit background checks to significant wait times for confirmations. Venus allows customers to invest against collateral from the start.
This investment is completed quickly and at a minimal cost. It allows for the borrowing of digital assets without the need for credit checks or KYC. It enables the minting of stable coins from the collateral in a short amount of time. The collateral can also be utilized in a variety of locations around the world.
Depositing digital assets as collateral securely and earning return yields are both possible on the Venus platform. To promote transparency and fairness in distribution, the protocol is governed by its token.
According to the price study of Venus (XVS) is predicted to achieve a maximum price of $75 by the end of December 2021 and a maximum price of $301 by the end of December 2025.
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If you invest based on the information in this article, it will be your personal choice to do so. We will not be responsible for any investment losses!