While there have been many unique projects in the crypto industry, how often do you come across projects that help store smart contracts? Yes, their rarity. Such projects are unique and a great addition to the portfolio of its investors. Talking of one such project, we have the Keep Network today. The project is unique as it is a network of computers that stores private data from a public Blockchain. But is this concept alone worth the investment?
Let’s find out as we explore the different aspects of the KEEP token. Then, continue reading this price prediction blog to better understand investment in this project.
Keep Network (KEEP): At A Glance
Keep is essentially a network of computers that was developed to use smart contracts and store private data from public Blockchains. To function, decentralized applications (dApps) based on open Blockchains, like Ethereum, collect users’ personal information. To alleviate the privacy issue, the Keep Network maintains private data from Blockchains in “keeps.”
What draws potential investors and traders to KEEP? The KEEP cryptocurrency assures the preservation of private data, a persistent problem in the context of worries about Blockchain privacy. The BTC application on the first network serves as a link between both Bitcoin and Ethereum.
The Keep Network’s token, KEEP, is employed for several tasks within the network.
- Staking provides security for the Keep Network’s operations.
- Run the ECDSA and random beacon nodes. Applications on the Keep Network must run on nodes that support an ECDSA (Elliptic Curve Digital Signature Algorithm).
- Start the tBTC program.
- Earn money by offering your services to the network for a price.
On 27th April 2020, one billion KEEP coins were generated, and the mainnet of The Keep (an individual Blockchain operating on its technology, network, and protocol) was launched. However, due to the limited supply of the cryptocurrency, there won’t be more than 1 billion KEEP coins in circulation.
KEEP serves as “containers” that let smart contracts access and control portions of the data held privately on the Blockchain. A random beacon protocol allows nodes or computers that manage KEEP’s, also known as “keep providers,” to obtain small amounts of confidential information (also known as secrets) (a technique for trustless randomization).
Keep Network’s native cryptocurrency, KEEP coins, must be staked by nodes for KEEP to remain operational. Following that, keep providers receive KEEP tokens as payment for maintaining keeps.
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KEEP Network Fundamental Value
What main factors might encourage the adoption of KEEP Token and raise its price? First, let’s examine the KEEP Network Fundamental Value in more detail:
Coinbase and Binance are the two major listings
Its project didn’t have the trading volume and adoption, and all of its core values may disappear. This isn’t the case with the KEEP token, which was just added to Binance and Coinbase, two of the biggest cryptocurrency exchanges. The major news was that the coin became accessible to the two renowned exchanges containing millions of potential dealers.
Staking system
Users are encouraged to store their coins within the network and receive incentives in KEEP or ETH by using the staking dashboard. It appears that user participation is becoming more popular. According to the Network’s official data as of 2nd December 2020, stakers had made over 21.2 million KEEP tokens in addition to $6 million in a short period.
However, it is essential to note that, according to Keep’s minimum stake schedule, staking upon this Keep Network requires a certain amount of KEEP, which would currently be 90,000 KEEP. The good news is that this figure is progressively going down.
tBTC: bridging Bitcoin as well as Ethereum
The Keep Network, which connects Bitcoin and Ethereum, has produced its first application, tBTC. On the Ethereum network, tBTC is one of the earliest decentralized tokenized bitcoins. tBTC is an ERC-20 token that is 1:1 tied to the price of bitcoin and is backed by Bitcoin.
One of the main advantages of tokenized bitcoin is that it increases the Ethereum Blockchain’s liquidity. Additionally, it makes DeFi projects accessible to bitcoin owners.
A different method of connecting the two enormous networks is represented by tBTC. Wrapped Bitcoin (WBTC), which focuses on the centralized approach, contrasts with tBTC, which emphasizes the trustless decentralized approach.
KEEP Token Price Forecast
KEEP is a private data container off the main chain. Keeps assisting contracts in utilizing the full potential of the open Blockchain, providing rich interactivity with confidential data. By offering off-chain “containers,” or keepers, that should protect private data from the public Blockchain; Keep Network intends to enable smart contracts to fully utilize Blockchain technology without sacrificing transparency or privacy.
Private data will be encrypted and stored in keeps, safeguarded by secure multi-party computing (sMPC), which enables the generation, storage, encryption, and transmission of data among many users.
We have supplied you with further information here to help you better grasp KEEP’s Technical Analysis and Fundamental Analysis.
Technical Analysis
KEEP Network’s technical analysis says it has a negative signal based on the most recent data. Since April 2022, it has been indicating “sell.” So if you’re wondering whether investing in KEEP is profitable, the answer is an absolute no! According to this network’s historical data, it is not a favorable time to invest in KEEP right now. However, if you’re a long-term investor, now might be the ideal time for an entry.
Fundamental Analysis
Remember that the KEEP Network’s negative signal will likely stay that way for the year. In the year 2022, this would be a sign that it is a bad investment. By the end of the years 2023, 2024, and 2025, however, the price is also anticipated to increase quickly.
Keep Network (KEEP) estimates are a bit conflicting, as seen from the above analyses. There are no general agreements regarding potential future KEEP price changes either way. Several variables affect the potential growth in the future, including announcements, new technology advancements made by Keep Network initiatives, the overall crypto ecosystem, the legal situation, and others. We want to remind you that conducting your research before investing in any cryptocurrency (DYOR) is crucial.
KEEP Token Price History & Overview
The KEEP token was launched sometime around May 2020. While there was no significant movement from the token at the time of its listing, the idea of secured payments was liked by crypto enthusiasts.
Thanks to the concept, the KEEP project could reach its all-time high of $2.24 within a month of its launch. After that, however, the increase in the price of the token came bearing a downfall. Shortly after peaking at its all-time high, KEEP fell by 87% to the price level of $0.29.
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Following this, Keep Netowork’s latest collaboration gradually resulted in slight stability for the token’s price. As a result, KEEP reached a price level of $1.51 by 16th August 2020.
However, it wasn’t the breakthrough that the analysts were expecting the token to give. The token could not manage its newly found support and keep up to the level above $1.00 for a long time. The bearish markets took over, and KEEP slipped to its all-time low of $0.17 on 17th November 2020.
Following the major crash, the cryptocurrency made another attempt to move up to the level of $1.00, but it failed. While the token reached $0.76 on April 2021, the movement wasn’t solid. Instead, the token fell to a price level of around $0.25 and stayed in a rangebound movement from June to August 2021.
Following this, the token experienced a peak of $0.934 in the mid weeks of October and briefly moved above $1 in November 2020. However, the token could not keep up with a bearish trend from there and made a run of declining peaks by the end of the year.
Enter 2021, and things seemed stable and positive for the KEEP crypto token. However, there was much from the project for its initial run from January to April. The project continued to decline regarding its face value for the first four months, revolving around the price of $0.39. After that, however, there was a certain change in pace for the KEEP token as it moved to its new all-time high of $2.24.
Following this, there was a reasonable fall in the prices as the token crashed to $0.2712 by 31st May 2021, making minor corrections on its way to become $0.2971 in June of the same year. Again the price rose to $0.4534 in July 2021.
Sadly, the price for KEEP fell again in August to $0.3618. For 2021, KEEP recorded its highest price around the $0.80 range in October. Sadly, the token had an early influence on the crypto winter and fell to $0.4462 by the end of 2021.
Enter 2022, and the crypto winter was quite evident on the KEEP token. While the token started the year with a positive $0.8116, it soon followed a bearish trend. In the following months, the token reduced to 1/4th of its value to $0.1557.
KEEP Token Price Prediction 2022-30
Are you considering purchasing Keep Network? Your understanding of the Keep Network price projection for 2022–2030 and its anticipated growth will be provided by this guide.
At the end of this analysis, a clear picture of what the future will hold in terms of how high prices will go will become apparent. You’ll learn more about KEEP’s future at the same time. It is a cryptocurrency that will soon gain popularity as a valuable asset.
KEEP Network Price Prediction 2022 | Potential ROI: -8%
According to the forecast data research, the price for KEEP is anticipated to surpass $0.14. Keep Network is predicted to achieve a minimum charge of $0.12 by the end of the year. Additionally, the KEEP price has a $0.17 maximum amount that it could reach. The KEEP token Price Prediction 2022 is important knowledge for investors and owners of digital assets.
The maximum price would be $0.17, while the KEEP price forecast for October 2022 is $0.11, such as the $0.12 price. The Keep Network (KEEP) pricing forecast for November 2022 is anticipated to be $0.12, which includes the $0.15 maximum price. The maximum price will be $0.17, while the KEEP price forecast for December 2022 is predicted to be $0.12, along with the $0.14.
KEEP Network Price Prediction 2023 | Potential ROI: -40%
Market volatility is what drives cryptocurrencies. Therefore, forecasting and keeping up with the present pricing are complex tasks today. In this context, several crypto analysts are involved. Nevertheless, the price predictions are accurate for the cited years.
Consumers of cryptocurrencies are nonetheless anxious about the new regulations and bans. If the market experiences a strong bull run in 2023, the price of Keep Network might reach $0.26. However, its average cost for 2023 will be close to $0.22 because long-term investors are anticipated to hold it.
KEEP Network Price Prediction 2024 | Potential ROI: -73%
2024 will be a year of innovation for the crypto industry. This year, we expect the token to revamp the industry like never before. This would be the year of adding new technologies to the Blockchain.
Apart from that, by 2024, Keep Network’s (KEEP) prices are expected to have reached a similar level as its past all-time high. The token is expected to present an average price of $0.33 for the year. Besides, if the market movements and the trends are in favor, we expect the price movement to increase to $0.37 in 2024. However, there are equal chances of the token following a bearish pattern after dominating the market for so long.
KEEP Network Price Prediction 2025 | Potential ROI: -32%
By 2025, we expect to KEEP to be a primary source of all significant transactions. Besides, with the increasing community strength, it might be the first choice for many users, pushing the token’s price to new heights. However, investors should also consider the possibility of price swings as the market would be slowly taking a bullish turn.
The cost of Keep Network in 2025 will be close to $0.47. The highest price we can obtain is $0.55. By the end of 2025, the average price for Keep Network is anticipated to be around $0.48. A significant price fluctuation is anticipated within the range set by the cryptocurrency market.
KEEP Network Price Prediction 2030 | Potential ROI: -7%
The activities of the network designers’ and community investors will raise Keep Network’s value. As a result, the projected price for 2030 is optimistic. Analysts predicted that KEEP’s price will reach a maximum of $3.45 by 2030.
On the other side, there is a strong chance that the Keep Network may eventually expand. Therefore, depending on the market, it is anticipated that the average cost of KEEP will be between $2.90 and $3.00 in 2030. According to the same tagline, the KEEP’s highest price for 2030 is between $2.90 and $3.45.
Given the different price predictions, it’s evident that you might get confused with the overall price movement of the tokens. Therefore, to help you understand better, we’ve curated a list of the different price predictions, accompanied by movements of the token over the years.
| Method | 2022 | 2023 | 2024 | 2025 | 2030 |
|---|---|---|---|---|---|
| Expected Price | $0.14 | $0.26 | $0.37 | $0.55 | $3.45 |
| Potential ROI | -8% | -40% | -73% | -32% | -7% |
| Type Of Run | Bearish | Bearish | Bearish | Bullish | Bullish |
| Singal | Buy | Hold | Buy | Hold | Sell |
Note: While the price predictions give you a better idea of the different price movements, we suggest you first analyze the projects. Remember, investing in a project is about understanding its fundamentals and predicting market movements.
Besides, given the volatility of the crypto markets, it’s always wise to understand, analyze, and research the active market movements.
Is It The Right Time To Invest In The Keep Network (KEEP)?
The decentralized threshold crypto platform Keep Network utilizes a trust-minimized bridge called tBTC. It facilitates connecting the Ethereum network’s new potential and the Bitcoin Blockchain’s liquidity.
The project offers bitcoin users the opportunity to invest with dApps and does not experience the centralization problems that WBTC does. Will it be sufficient to win widespread adoption? Time will reveal.
Many platforms and analysts predict that Keep Network’s price will increase over the next five years and surpass $0.69 by the end of 2025. But you never know, even when the price seems excessive. KEEP, and other cryptocurrencies are extremely erratic and subject to sudden changes in price.
The likelihood that Keep Network will cost $4.45 in ten years is significantly higher. Therefore, within the following 8 to 10 years, the value of one Keep Network may be greater than the lowest price of $4.30 and the maximum price of $4.99.
Final Verdict
Keep Network has transformed several industries since its introduction. The coin has received approval from numerous regulators, and a group of specialized developers is striving to promote this and broaden adoption.
Many professionals and traders have long regarded Keep Network as a superb investment. Unexpectedly, the value is growing. As a result, it is assumed that perhaps the investment will generate a healthy return.
The forecasts mentioned above clearly show that the price of KEEP is declining and will do so through the end of this year.
Although Keep Network may have a bright future, it is not a suitable investment if you are seeking to invest in it in the year 2022. Now is not the greatest moment to buy KEEP. It is still falling; therefore, investing this year would be a good idea.
FAQs
Q1. Is it a smart move to invest in the Keep Network?
The issue of decentralized storage of private information in open Blockchains is being addressed by Keep Network. You may potentially keep a close eye on it as an investment if you think it will catch on with the general public. Before making any investing decisions, please do your own research.
Despite certain peaks and troughs, keep in mind that the cryptocurrency’s price is presently trading at a comparative low of $0.38. Besides, there are some signals of a bearish divergence.
Q2. Is it possible for the KEEP token to reach the $1 price?
KEEP’s share price hit an all-time peak of $2.24 on 22nd May 2020 but hasn’t been able to return to this level since. The cost of KEEP remained at $0.38 as of 6th May. It’s up to you to decide whether you think the price will finally rise or whether it will keep falling and lack support from traders.
Q3. What is the future of KEEP Network?
KEEP’s price is around $0.13, indicating that investors who saw the project’s underlying potential seized the chance to “buy the dip.” Wallet Investor, an algorithm-based forecasting service, said that the KEEP cryptocurrency will cost $0.62 next year and increase to $1.4 in 2027, while DigitalCoin predicted that the KEEP cryptocurrency would cost $0.51 in 2022, $0.78 in 2025, and $1.78 by 2030. Remember, you should conduct your research every time you decide to invest.