The launch of the first crypto in 2009 came forward as a revolutionary idea to transform transactions. Ever since significant developments and innovations in the crypto world have made it even better suited for the public. As a result, the general awareness of cryptocurrencies is also increasing.
With better access to information and enhanced awareness, the number of people investing in cryptocurrencies is growing daily. As a result, there are no more crypto exchanges and tokens than before. This is great since it provides investors with a wide range of options.
However, this also makes things challenging, as picking the right exchange or crypto token from all these alternatives is never easy. Yet a few cryptos still stand out with their innovative potential, offering traders something entirely new and different. One such crypto is the BEE Coin, part of the Beenest network.
But before you invest in the BEE coin, you must understand all the nuances of the token. This guide will walk you through all the details you need to know about the BEE coin and the Beenest network, focusing on price predictions for different years. So continue reading to learn more about the BEE coin and its future performance to determine if this is a suitable investment.
Table of Contents
Beenest (BEE): At A Glance
|Project Name||Bee Token|
|BEE Market Cap||$55,883,813.65|
|Circulating Supply||236,629,000 BEE|
|Current Price (As of July 1st week)||$0.002752|
|All-time High Rate||$0.26309|
Beenest (BEE): Overview
The Beenest is a decentralized platform that introduces innovation to the crypto industry! The platform’s developers have designed it to be a decentralized sharing economy platform, the operations of which revolve around the Beenest, a housing marketplace that uses the knowledge of Blockchain to address the issues consumers face in today’s centralized business models.
A team of industry veterans develops it from some of the most renowned Silicon Valley companies, including Google, Uber, Facebook, and Civic. The platform was initially launched as a private alpha version but was later made accessible to the users in early 2018 after the Token Generation Event for its ERC20 BEE crypto.
With its decentralized approach to the housing marketplace, the Beenest (Bee Token’s exemplary platform) takes a strong stance over the intermediaries present in the industry. Its approach to decentralizing the housing model gives back the power to homeowners and guests, removing any form of commission-based entities that would generally dominate the terms and conditions of renting. This way, the Beenest platform equips house owners with 100% profit without the Beenest charging any commission, making it a first in its industry.
By eliminating the need for intermediaries and decentralizing the sharing platforms, Beenest aims to reverse the double-digit transaction fees. Besides, users can also witness the concentrated distribution of ownership and the security vulnerability that breaches and manipulates the data of short-term housing marketplaces.
In addition, by leveraging Blockchain, Beenest offers the perfect avenue to provide the sharing economy participants with the necessary keys to its network. Furthermore, the Bee Protocols also validate trust between users and participants of the arrangement. This way, the platform looks forward to revolutionizing the industry and offering a seamless and cost-efficient implementation of the dApps within the BEE token’s ecosystem.
The Beenest is a unique approach to the small-sized housing industry, an approach not many businesses would’ve thought of. But the question here is: Does it has the potential? Every day, hundreds of new crypto projects are introduced in the industry, and the PR and marketing teams do a lot of buildups, giving projects buildups even though they don’t have enough potential.
That said, we believe Bee Token has the potential for success. The platform is targeting the small-scale housing industry to decentralize the sector. In addition, the company is also making important news for promoting mass adoption across multiple fronts. Bee Token’s account also seems well managed, making it a project with overall potential!
BEE Coin Fundamental Value
The BEE token is an ERC-20 token that enables all the primary functions over the Bee network’s Beenest decentralized ecosystem. Hosted over the Ethereum Blockchain, it is used to power both the Bee Token ecosystem and the decentralized Beenest platform. Initially launched in early 2018, the token comes with a pre-determined mining limit of 500,000,000.
Now, to give you a better idea, here’s an overview of the core fundamentals of the token. First, let’s look into the following:
Reliable Payment System For Service Providers
The Bee token initiates a new and more effective payment system between two parties entering a transaction. The platform allows two P2P authenticated users to enter a transaction and receive money that gets held as BEE tokens until there’s a successful service exchange between the two over the Beenest platform. Besides, the platform is further backed by Ethereum Blockchain and Bee Protocols that ensure arbitration, digital identities, and secure payments.
With the Ethereum platform still in its infancy, the new second layer protocols added by the BEE token make transactions more suitable for initiating operations over platforms like Beenest. This way, the BEE tokens aim to provide a solution to the trustless, decentralized payments aspect via the P-A-R model:
- Payment protocol: Holding tokens until the services are fulfilled.
- Arbitration protocol: Solve disputes via trustless voting.
- Reputation protocol: To manage the reputation among P2P entities.
Manage reputation scores for different P2P entities.
The ERC-20 token provided over the Beenest platform activates a reputation system that couples different valid identities obtained via a trusted digital fingerprint protocol. In addition, the ratings are determined by transparent, immutable reviews and numerous scoring interchange between guests and hosts taking part in the transaction.
While these were the core fundamentals, the protocols utilized by the BEE design also allow other P2P platforms to function over this model. This brings us a brief of the different fundamental values shared by the BEE token. Now that you have an idea of the same let’s delve into the overview aspect and the history of the token to get a better idea of its future price and whether it is a successful investment.
BEE Token Price History & Overview
The BEE token opened at its launch in early March 2018 for $0.2395. Following its launch, there wasn’t much movement around the token price (as it is generally expected for new launches). The BEE token continued to go up till $0.2695 on 5th March 2018, which also marked its all-time high for the year.
However, the token could not hold its position as it quickly started falling and went down to the $0.16 mark in a few days (10th March). Following this, the coin rallied down to the level of $0.07 by the end of the month. Even though the CEO of the Beenet platform (in his latest announcement) boasted about the customers’ interest soaring in this new age of housing solutions, there wasn’t much change in the course of the token.
The following month introduced a recorded low for the token as it went below by almost 75%, registering a price around the $0.05 mark by 09th April 2018. But things took a positive turn following this recorded low as the company announced its increasing collaborations among the customers. As a result, the token notified a bullish pattern and rallied its prices, covering up the initial losses.
Interestingly, investors also witnessed a massive correction as the token registered its price tag at $0.12122 on 24th April. Following this was another rangebound movement for the token as it was seen hovering below the $0.09 range for a few days until it finally settled around a new low of $0.04 by the end of May 2018.
After the first few months of 2018, the news of the upcoming recession and a possible bearish run had started altering the market movements. As a result, the BEE token was heavily influenced, falling below the $0.10 range and going down to $0.004045 by the end of 2018. But, overall, the token failed to give out any significant return to the users.
The year 2019 had also failed to provide any significant impact on the crypto charts, and there was a similar rangebound for the first six months for the BEE token. However, things started going for a downtrend once the bearish market hit the crypto industry. The price for the BEE coin almost halved until finally falling to the $0.001 mark around June 2019. Post this, there wasn’t much correction in the token’s movement, and it continued with a bearish run, settling around the $0.00007892 price on 31st December 2019.
Following this, there wasn’t much from the BEE token for another year as it revolved around an average of $0.000264 for January. Enter February, and as an impact of the Covid, new investors were entering the market, presenting the opportunities of a possible boom in the price of the token. Interestingly, it happened, but the movements were not much as the coin entered a correction phase for the remainder of the year and closed the year at an average price of around $0.000663.
Enter 2021, and the crypto markets experienced a bullish run, which was also visible in the BEE token’s prices. The token highlighted a revision, going to the $0.001 at the beginning of the month. Following this was another year of a range-bound movement for the BEE token as it failed to give any significant return to its investors. Despite the bullish market, there wasn’t much around the token’s movements. The token marked the year with a low of $0.00330 by the end of 2021.
BEE Token Price Forecast
The Been Token has been unique, especially for the Beenest network that it operates upon. The token introduces innovation to the populated small-house property owners. Taking over the likes of Airbnb and OYO, the platform is designed to eliminate the hassles of intermediaries, thereby removing the overall commission model from the industry. Since its inception in 2018, the BEE token has had its ups and downs in the market, adjusting its prices while innovating the Beenest to understand the P2P business models better.
Therefore, to better understand the project, we’ve tried to divide the project into two different aspects, Technical and Fundamental. Let’s check it out:
Based on its market movement for the latter half of 2021 and early 2022, it’s evident that the token is in its rangebound state, and we can expect a strong action from the token at any given time. However, there are possibilities that the token also meanwhile hit a new recorded low.
Now, comparing it to the overall crypto market, the current position held by the BEE token at $ 0.001544 seems to be an acceptable entry for long-term investors. Therefore, now would be a good entry point if you’re an investor who believes in the company’s fundamentals and would agree to lock funds for the long term.
While the technical analysis presents a buying opportunity, no smart investor would enter a trade only by analyzing the technicalities of a token. It would help if you had a better idea of the fundamental analysis of the BEE token. After all, technical and fundamental analysis plays a significant role in determining the future prices of any given token.
Besides, similar to any other token, the price for BEE coins is bound to go up if the company can collaborate with more audiences and more optimistic investors to the cause. In addition, with Beenest’s latest development into a more thoughtful application for P2P customers, we’re optimistic that the token’s prices going up in the following years.
Note: It’s nearly impossible for anybody to predict the future of a given crypto token. Let alone the volatility of the crypto market; no prediction can be made with 100% accuracy. In addition, none of the fundamental or technical predictions can give you a pre-determined investment plan. So remember, it’s always wise to do your research before investing in any token.
With this, we come to terms with the token’s past and current run. Now that you have an idea of the BEE token’s core fundamentals let’s get an insight into the long-term run for the coin in the following sections.
BEE Token Price Prediction
Bee Token Price Prediction 2022 | Potential ROI: 39%
The BEE token had a majorly rangebound movement throughout 2021, and things didn’t seem any different for the token in 2022. The coin entered January 2022 with a price of $0.002419, denoting a weak start to the year after experiencing a bullish market.
There was no significant movement in the token’s price chart in the following months as there was no significant news of collaborations or acquisitions under the Beenest. Therefore, the token closed the month of February with an average of $0.0026.
However, the following month of March seemed to hint at a positive run for the BEE token, especially after crypto’s legal acceptance across many industries. But the token wasn’t able to do much change but registered a better listing at $0.0029 before going back to a slope of downfall for the upcoming months of April and May, falling below the $0.001 mark by the end of June 2022.
Enter July, and there were some corrections to the price of the token as it moved to the $0.001 part. At the time of writing, there is about 236,629,000 BEE out of the total 5 billion mined tokens.
For the following months of 2022, the BEE token appears to present a similar bearish run, with the price averaging around the $0.011 mark. But if the market is optimistic and developers back the token, we can also notice a price change, with the BEE token going all the way up to $0.1 by the end of 2022.
Bee Token Price Prediction 2023 | Potential ROI: 75%
There’s not much in store for the BEE token for 2023! The overall performance for the token solely depends on the developers and the active collaborations the company will be making.
As per our research, we expect the BEE token to make from its past and enter the bullish phase this year. While the phase is expected to hit the market in the year’s second half, we expect the token to end at an average of around $0.018. However, if fluctuations continue to be a part of the market, we might also reach the $0.015 mark.
Bee Token Price Prediction 2024 | Potential ROI: 102%
2024 will be a year of opportunities for the BEE token. This year is a clear indicator of fresh beginnings in the crypto industry. Besides, we might also witness a full-scale adoption of crypto tokens across the small-housing industry.
All of these factors will influence the price of BEE tokens, resulting in a price greater than its all-time high. For 2024, we’re expecting the token to end the year at an average of $0.022 while going all the way up to $0.025 and settling down to a minimum of $0.021.
Bee Token Price Prediction 2025 | Potential ROI: 151%
2025 would be another year that marks the increasing popularity of the BEE token, marking a significant bullish run for the token. Besides, we expect the Beenest to come up with multiple upgrades and active tie-ups with millions of users worldwide and finally have increased community investors.
Therefore, the expected price movement for 2025 is bullish as the token will reach the $0.036 average mark. Or, if the market volatility continues to be in action, we might also notice the price subside to an average of $0.030.
Bee Token Price Prediction 2030 | Potential ROI: 317%
2030 would mark over a decade of BEE tokens’ existence in the industry. With this, we expect the company to have created a significant user base with millions of active Beenest users. In addition, there would also be possible collaborations and software updates to make the platform unique and reliable the small house owners.
Considering the different aspects that’ll enter into play, we expect the BEE token to hit the $0.20 mark for 2030. Besides, if more investors join the community, it might also register a maximum price of $0.23 for the year.
Keeping an idea of the different price movements can be intimidating. Therefore, to help you better, we have curated this tabular presentation of the token’s movement over the years:
|Type Of Run||Bearish||Bearish||Bearish||Bullish||Bullish|
|Singal||Buy||Buy||Strong Buy||Strong Buy||Buy|
Considering the different price movements, it’s evident that there’s no 100% accurate approach toward the future of any given token. Therefore, if you’re an avid investor, we suggest you get into the research yourself before investing any money into the BEE token.
Is BEE Token The Best Crypto To Buy Now?
While the BEE token has failed to give such promising returns, we understand your viewpoint of the token’s potential run for 2022. Being an investor, it’s hard to skip on the tokens that might bring you great profit over the coming years. Besides, looking at the core fundamentals of the token, any investor might be tempted to get started. First, however, you must take entries, depending on your trade style.
If you’re a long-term investor who likes to lock their funds with a token for many years, BEE might be able to give you significant returns. However, if you’re an everyday trader, the BEE token (in its current phase) might not be a reliable investment. Therefore, ensure you understand the trading style you should opt for trading these BEE tokens.
This brings us to the end of our comprehensive price prediction on the BEE token. Considering the different aspects of the token that its team has to offer, the coin has the potential to provide significant returns over the years. That said, no amount of technical analysis can ensure 100% accurate results. Cryptocurrencies are highly volatile, and nobody can ensure whether or not the token will be a successful investment, so invest wisely.
Should I invest in the BEE token?
It’s totally at your discretion! The fundamentals of the token look promising and so does the overall future price prediction of the token. Therefore, if you’re a safe investor who can wait for the long term, you might consider this after thorough research.
Will the BEE token ever cross the $1 mark?
Well, there are possibilities of the token crossing the $1 mark. But it's not happening anytime soon (as per the data)! Therefore, you might want to try investing in some other tool.
Should I invest in BEE tokens today?
It depends on your trading style! If you’re a long-term investor who likes to invest and leave their accounts for years, you might want to go for it. However, we suggest you do thorough research before that.