In this guide, we will voice our own and market’s opinion on SCRT future while discussing Secret price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Secret.
Now, let’s head into it. Before we delve deep into the Secret price prediction and answer questions if SCRT is a good investment or not, why will SCRT succeed or fail or why will Secret price rise or drop, let’s quickly throw a glance at what is SCRT and its to date history.
What you'll learn 👉
What is Secret Network?
Secret Network is an independent, base-layer blockchain network built using the Cosmos SDK. It supports smart contract development and introduces data privacy by default for these contracts, enabling developers to build decentralized applications that also protect user data and preserve privacy.
This means that all the inputs and outputs of the smart contracts are fully encrypted. Transactions made in secret smart contracts cannot be seen even by the nodes running the Secret Network blockchain.
The protocol implements „programmable privacy,“ which is defined as arbitrarily complex data privacy controls within an application. Secret Network calls these privacy-preserving applications Secret Apps. The project believes that users and organizations need granular control over their data for blockchain technology to reach global adoption.
What is SCRT Token?
Several large venture capital firms have acquired a stake in SCRT, the native token of Secret Network, a layer 1 blockchain featuring privacy-preserving smart contracts. The position, amounting to $11.5 million, was led by Arrington Capital and Blocktower Capital and included Spartan Group and Skynet Trading.
Secret Network’s native SCRT coin is not a privacy coin. All transactions made in SCRT are publicly visible just like those of Bitcoin or Ethereum.
Secret tokens on the Secret Network can be crafted using the SNIP-20 standard. As you may have guessed, this token standard is like Ethereum’s ERC-20 token standard, except that all Secret tokens have their privacy preserved by default (balances and transactions).
SCRT Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a surge in interest from both retail and institutional investors. This could be a game-change for crypto. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year. At least this is what crypto traders hope for. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now well behind us. Ripple was also fined to pay $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $60-63k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $2,400 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post-halving rallies. Some of the hottest sectors so far this year were memes, RWA and AI projects.
Below is a tabular overview of how will SCRT develop in the short-term (for the next 90 days), according to our prediction model:
Essential tools you need to succeed in crypto
Wallets
Hardware wallets are the safest! Pick one of the three:
✔️Ledger Nano X
✔️Trezor
✔️CoolWallet Pro.
Tax Calculators
Don’t get in trouble with the government let these magic tools do all the heavy-lifting when it comes to your crypto taxes:
✔️Koinly
✔️Cointracking
✔️ZenLedger.
Trading Tools
A good charting tool is a must if you want to try yourself out as a day-trader. ✔️Tradingview is best known but
✔️Bitsgap
✔️Coinrule
✔️Cryptohopper
are also excellent plus they allow automated trading.
Secret Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the first few months of 2024, with Bitcoin leading the charge. BTC has first seen an impressive gain, hit new ATH of around $73k in March, but then retraced to the current levels in the $60-63k range. Total market capitalization is currently at around $2.2 trillion (it was around $1 trillion in June last year). Despite having strong start of the year, the market then „survived“ two crashes this summer, in July and August when BTC plunged to around $50k. It bounced off this area quickly though.
Bitcoin halving happened in April and historical data tells us the BTC price starts to rally 6-12 months after the halving, so we are still not there yet. Ethereum ETFs are now also a done deal, although we see constant outflows there on a daily basis.
However, the growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies. Coins such as RNDR, NOT, TON, WIF, or most recently SUI and POPCAT produced nice gains.
All in all, the whole crypto community is preparing for the next leg up in this bull run.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
SCRT Price Prediction 2025 – 2030 – 2040
Our prediction model sees SCRT reaching new highs in 2025:
$1.64What will SCRT be worth in 5 years?
The price of SCRT in 5 years could lie around $1.11, according to CaptainAltcoin’s prediction model.
What Secret will be worth in 2030?
Our forecasting model sees Secret reaching $4.09 in 2030.
What Secret will be worth in 2040?
Our forecasting model sees Secret reaching $8.18 in 2040.
Will Secret replace / surpass / overtake Bitcoin?
No, Secret will not replace or overtake BTC.
Can Secret reach $1000?
No, our prediction model sees no possibility for Secret to reach $1000 in the short or mid-term period.
Is Secret worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Secret is worth buying.
Is Secret a good investment?
Secret is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Secret be worth?
For the short-term future, it could reach $0.4335. In the long-term (8-10 years), it could jump to $4.09 or even higher.
Why will Secret succeed and go up in price?
Secret has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Secret rising up to $4.09 in 2030.
Why will Secret fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
Can Secret reach $100?
Yes, it is possible that Secret can reach $100 but only in a distant future, after 2030.
How high will Secret go?
Our forecasting model sees Secret price exploding and reaching $8.18 in a distant future.
Can Secret make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Secret millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Secret could make you a millionaire.
Can Secret reach $10?
Yes, Secret could reach $10 by the end of 2024.
Read also:
- Nexo Token Price Prediction | NEXO Price Forecast
- Mdex Token Price Prediction – MDX Price Forecast
- Ren Price Prediction | REN Price Forecast
- Serum Price Prediction | SRM Price Forecast
- Perpetual Protocol Price Prediction | PERP Price Forecast
- Mina Protocol Price Prediction | MINA Price Forecast
- dYdX Price Prediction | DYDX Price Forecast
- Bitcoin Gold Price Prediction | BTG Price Forecast
- Curve DAO Token Price Prediction | CRV Price Forecast
- Huobi Token Price Prediction | HT Price Forecast
- Waves Price Prediction | WAVES Price Forecast
