Decred (DCR) Price Prediction 2022-2030 - Invest or Not?

This article can  describe in detail all the situations with the project and how miners will practically kill the project, but at the same time help its development?

Let's analyze what a DCR token is in general, whether it is worth investing in it in the near future and what the future of the project is.  

A technical analysis was also carried out to predict the price for the years 2022,2023,2024,2025,2027 and up to 2030. 

Web3 wallet for your digital assets!

Install

Install

What is DCR?

Decred (decentralised Credit) is an altcoin, the main goal is to combine all the possibilities of digital gold in order to get rid of technical problems and shortcomings as much as possible.

A smart system has been introduced into the cryptocurrency that can find a balance between ordinary users and miners. Usually, miners who are engaged in blockchain management have a significant impact on developers, which can affect many factors of the project's work. In turn, ordinary users do not have such weight on the project.

The system addresses coins on the network as follows:

60% PoW (Proof-of-Work) to Miners. Such miners provide the network with computing resources for a more stable and faster execution of transactions, and therefore receive a reward for this

30% PoS (Proof-of-Stake) to Miners. Miners for the project store a certain amount of coins so that they can participate in the voting for the development of the project. Also, their owners (owners of survey tickets) are rewarded in the form of bonuses or a percentage of their number of coins in the account. 

10% is spent on the rest of the project development, so to speak, the project is self-financing with the help of subsidies and extracted funds that are assembled from blocks and therefore the project is not required in ICO financing (Initial Coin Offering).

The DCR presents a decentralized type of mining. The project also implemented a complete rejection of hard forks, which make a strong "border" between users.

The peculiarity of the project is that the community can participate in the active development of the coin and support the team. To do this, the curators of the project made a voting network for management. Holders of a sufficient number of coins in their wallet can vote for already defined options for the development of the project, performing the functions of shareholders.

The team made sure that large miners gave space to ordinary users, and for this they did that when they reached 6144 mined blocks on the account, the reward for mining was reduced by 1% each time.

Decred (DCR) Price Prediction 2022-2030

After its fall in 2019, the project began a fairly successful rehabilitation in early 2021, the price in April 2021 was kept at a historical maximum and amounted to $240.4 with a market capitalization of $744.7 million. 

The current situation on the coin looks like this:
The value as of 12/17/2021 is 65.75 US dollars with a market capitalization of 886.1 million dollars. The total number of coins is 13,585,459 pieces.

Over the past 24 hours, the price of DCR has increased by 5.44%. If you look at the market capitalization, you can  see that it also tends to grow.

If you look at the chart for the last week, the decrease in the value of the coin occurred by 31.98%, which had a fairly strong impact on the economy of the project. All data is current as of 12/17/2021

The project has not yet shown risky framing segments for several days, so the coin can have strong indicators in the near future and, probably, the value of the token can  begin to grow rapidly.

In our opinion, in the near future, the coin can  be a good means where you can invest your money, because the year 2022 is coming soon and, accordingly, the developers have released innovations for the project that can  attract new people, respectively, so the price can  rise again. 

Price change chart for the past year:

Price prediction 2021 

At the end of 2021, the value of the coin can  practically not change in price, but it can still. Its maximum value can be $73.9 and the minimum may be $65

Price prediction 2022

After the release of innovations in the project, the maximum price for 2022 may be $ 120.5, and the minimum may drop to $ 105, which in any case is $ 40 more than the current one (12/17/2021)

Price prediction 2023

It is expected that the price for 2023 can  rise due to the improvement of transaction processing algorithms and due to the expansion plans of the project. The maximum price may be $182.07, and the minimum $145.9. 

It is expected that the value of Decree can  grow, because coins are getting smaller every day, and as a rule, scarcity stimulates price growth. 

Price prediction 2024

In 2024, expect a sharp rise in the value of the coin due to the planned Blockchain forum2024 to a maximum value of $238.9 with an average price of $ 205, and the minimum price may be about $199.4

Price prediction 2025

After the completed Blockchain forum, project managers can actively implement new accepted technologies, in honor of which the maximum price of the token can reach $389.4 with an average price of $339, and the minimum can be $327

Price prediction 2026

DCR for 2026 may have a maximum price of $565.7, with an average trading value of $507, and the minimum cost can  be $494.

Price prediction 2027

In 2027, Decred can experience a big price increase and the maximum price may reach $847, but the minimum price is an order of magnitude lower, it can  be $712, with an average price of $737.7

Price Analysis for the Past Several Years

Decred, since its release (10.02.2016), had a price of $ 0.95 with a market capitalization of $ 120,000, at that moment, a couple of days later, users' interest in the coin rose and some fairly large miners included DCR in their list of mined coins, and accordingly the price rose to $ 1.60. 

In April 2016, after a smooth rise in price in accordance with the growth of popularity, the price collapsed and broke through its historical low of $ 0.65. Which follows from the fact that the project did not have sufficient financial support at that time, and 90% of the entire audience were miners, which practically did not bring proper income to the project and the developers artificially lowered the price to reach more users. 

When the project team saw the growth of Decred trading volumes, they had finances with which they began to quickly develop their project, which many investors liked and they began to see a rather promising and purposeful coin instead of an unsuccessful project, which after a while can  take its place and respect in the crypto market. The price began to rise on 20.02.2021 from $0.95 and reached its first maximum price of $41.9 on 05.06.2017, which is almost 40 times more than the original cost. The release of the full version of the project software at this time also played a big role in the price increase. 

Later, from August to November 2017, the team did not have much time to develop the project, because the team started working on improving the transaction anonymization algorithm and as a result, the cost was kept in the range of $38 to $42 for several months. 

Chart from August to November 2017:

The interest of the community did not subside for a long time and the price rose to a record $70.9 in mid-2018 with a total capitalization of $ 506 million. 

At the beginning of 2019 and the end of 2020, the Decreed team wanted to introduce a lot of innovations into their project, which led to a sharp drop in the price from $ 70 to $ 23.

Conclusion

In the end, we can only say that the project has a fairly strong place in the market and a sense of purpose that helps the team not to abandon it, but to develop further. 

The developers' plans for 2022-2023 are quite modest, but they are of high quality. I think they can  not repeat the mistake they did in 2019, when the value of the coin decreased several times. 

After analyzing, we see that the token is a fairly promising coin that can suit both in the short and long term, which just covers a fairly large audience of the market.