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Hours after the launch of Libra and official backing from the Argentinian President, the token crashed heavily. Let’s learn what may happen to this project in this Libra price prediction.
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The Libra (LIBRA) token gained traction when the president of Argentina, Javier Milei, promoted a token on his social media that aimed at ”boosting the Argentine economy by funding small projects.” Following this public backing the price of the token surged, however, it later dumped quickly as on-chain data revealed how many insiders made a lot of money and dumped their tokens on unsuspecting retail buyers.
Since its launch about 24 hours ago, the LIBRA token has seen an all-time high of $0.01444 followed by an 89.4% drop in price. At the time of writing, it is now trading at $0.3182, with a market cap of $81.5 million and a 24-hour trading volume of $158 million.
Even after this major controversy, some people are still hopeful that this token can rebound. Is this possible? Let’s take a closer look at this LIBRA price prediction.
What is LIBRA?
Milei advertised LIBRA on X on February 14th, claiming it could help small businesses and strengthen Argentina’s economy. Insiders cashed out more than $100 million in earnings as a result, and the token’s market value surged above $4 billion. But the spike didn’t last long.
LIBRA’s website was barely created just a few hours before the official launch of the token, it had no organized financial strategy, and in the first three hours, more than $87 million was taken out. Soon after, there were obvious indications of a pump-and-dump as the token’s value plummeted.
By characterizing it as a typical blockchain-related campaign, Argentina’s presidential administration attempted to downplay the entire scenario, but it hasn’t helped the LIBRA token as it continues to range at price significantly lower than its all-time high.
Now let’s discuss Libra price prediction for 2025 and beyond.
LIBRA price prediction 2025
Looking at the current market sentiments, DigitalCoinPrice predicts that in 2025, LIBRA’s price could fluctuate between $0.00133 and $3.92, with the most likely value stabilizing around $0.00325 by year’s end.
According to Coincodex analysis of LIBRA’s price trends, the coin is projected to have a minimum price of $0.000682 and a maximum price of $0.003221 in 2025.
Bitget suggests that by the end of 2025, LIBRA could be seen around $0.0007509.
The expectations of many crypto analysts for 2025 is that we can see a bull run in the world of cryptocurrencies. However, this is just another projection of market outlook because it can be wrong as well. It is important to do your research before investing in any cryptocurrency including LIBRA as any major global event can take us into the bear market as well.
LIBRA price prediction 2030
CoinCodex estimates that by 2030, LIBRA’s price could vary between $0.001892 and $0.002702.
DigitalCoinPrice expects that LIBRA’s price could climb to $0.00702 or $0.00813 by the end of 2030.
Bitget predicts that by 2030, LIBRA could be seen at $0.001852.
Before trusting any source that is trying to predict Libra price prediction for 2030, you should understand that it is a cryptocurrency and like all other tokens, the LIBRA token’s price can be highly volatile.
With the current scandal going on, it is hard for this token to survive in the short term, much less in the next five years. Also, there have been many instances where crypto tokens have lost their entire value while some are clear cases of rug pull. Also before trusting any Libra price prediction you should also note that meme coins experience higher volatility than other financial markets and this can cause big price fluctuations in its price.
FAQs
Is Libra a good investment?
Before jumping into an investment in LIBRA, be sure to check out its recent performance and get a sense of where it might be headed next. The project has experienced significant scandals and insider trading, hence before trusting any Libra price forecast, keep in mind the volatility of crypto markets and that even strong projects are affected by it, much less a memecoin like LIBRA. Whether you’re considering investing or holding back, take your time to weigh the risks involved.
Will Libra go up or down?
It’s hard to predict the future movement of LIBRA or any other cryptocurrency due to the volatile nature of this market. Whether the LIBRA token will continue its ascent or go down, depends on its project development, market trend, partnerships, and overall investor sentiment, along with a variety of global fundamental factors that influence the entire crypto market.
It is important to do your research and not blindly follow any LIBRA crypto price prediction as it is anyone’s guess what this token can do in the future.
Should I invest in Libra?
When evaluating whether the LIBRA token has potential, it’s important to look at the project’s growth trajectory by doing research on similar crypto projects and not just focus on any Libra coin price prediction you see online. It is also important to identify your risk tolerance and financial goals before investing in the LIBRA token, as investing in cryptocurrencies involves risk.
This article first appeared at crypto.news
