After continuous downfall from the launch date, the SIMP token of So-col Network is now showing a slight upward trend. Will this trend continue?
In this article, we will try to analyze and predict the price of SIMP tokens for long-term holding. We will go through yearly highs and lows till 2030, and also check whether it is a good investment, and also cover the buying options.
What is SO-COL?
SO-COL is a network that helps creators and brands engage with their audience through NFT-gated communities. So-col is managed by decentralised communities and there is no central authority. The platform mainly aims to connect brands with influencers, musicians, artists, instructors, and interest groups.
SO-COL provides all the services for brands who want to provide NFTs and other offerings to their customers. Currently, the major focus is on entertainment. The native token of So-col is SIMP.
The SIMP Token
The SIMP Token has many use cases. It is mainly used as a governance token. You can buy and sell NFTs with SIMP tokens. You can stake SIMP and provide liquidity to the pools to earn rewards.
The So-col SIMP project was launched last year lately and the token started appearing in exchanges in early 2024. It was listed on KuCoin in January 2023. Here are some specific details:
Token ticker | $SIMP |
Contract address | 0x41C21693e60FC1a5dBb7c50e54E7A6016aA44C99 (Ethereum Chain) |
Total supply | 135,500,000 SIMP |
Maximum supply | 1,000,000,000 SIMP |
Market cap | Maximum Supply |
SIMP Tokenomics
Category | Percentage | Description |
Investors | 10% | 10% is allocated to investors who were part of the project in its initial stages. |
Advisors | 2% | 2% has been spent on advertising. |
Team | 13% | The core team has access to 13% of the tokens. |
Liquidity | 10% | 10% is for the liquidity. |
Treasury | 32% | The treasury holds 32% of the tokens. The distribution criteria are unclear. |
Marketing | 13% | 13% is for marketing. |
Staking | 20% | 20% is allocated for staking. The staking rewards are also from this allocation. |
SIMP Token Historical Data
It is a recent token and we don’t have much data to delve deeper into. The token reached its all-time high a year ago, on February 14th, 2023. At that time the price was $0.08287. 98.86% higher than today’s price.
The all-time low of the coin was on July 05, 2024. Just five days ago. The sudden surge in the price is because of this all-time dip. The project is now surviving, and our analysis shows that this upward momentum will continue.
SIMP Price Prediction; 2024, 2025, 2026, 2027, 2028, 2029, 2030
Remember that this data is based on technical chart analysis and is aligned with the Bitcoin halving cycle. This is a long-term prediction and sudden price fluctuations may happen.
Year | Minimum Price (USD) | Average Price (USD) | Maximum Price (USD) |
---|---|---|---|
2024 | $0.000846 | $0.00190 | $0.00207 |
2025 | $0.00202 | $0.00237 | $0.00241 |
2026 | $0.00278 | $0.00334 | $0.00342 |
2027 | $0.00362 | $0.00413 | $0.00428 |
2028 | $0.00362 | $0.00413 | $0.00428 |
2029 | $0.00446 | $0.00480 | $0.00510 |
2030 | $0.00636 | $0.00687 | $0.00703 |
Is SIMP a Credible Investment Option?
SIMP is a recent coin with less amount of holders. This is early, and the coin is in a perfect dip now. Also, the narrative of the project and the whole crew seems promising.
The So-col (SIMP) project was founded by the crypto influencer Irene Zhao. Through Blockchain Capital, the project managed to raise an amount of $3 million in May 2022. After that, many more fundraising rounds happened. The roadmap seems like it will gather high engagement in the coming years.
Major investing firms like Animoca Brands, Mechanism Capital, DeFiance Capital, and Kronos have also invested in SIMP. Their partners include Nothing, Habitue, and Amberlounge. This support shows us that this platform is not only a good investment option but a trustworthy platform.
Where to Buy SIMP Tokens?
The token is available in prominent exchanges like KuCoin, MEXC, XT.COM, and Uniswap V2. Major trades are happening in KuCoin. You can buy from the official site too.
Final Thoughts
SIMP has relieved from its downward trend through today’s sudden rise. Let us be optimistic and let us wish that the coin rises again, breaking its previous all-time high. This is a good time to invest if you are trying to be a holder for several years.
However, do your research before investing. There is also this possibility that this sudden pump won’t last for long. So proceed with caution. Thank you.
Read more: Opulous(OPUL) Price Prediction 2024 – 2030; Where To Buy, Is It A Good Investment?