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
As the first part of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards post-halving rallies, with the BTC halving now behind us. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $65k 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 $3,500 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 anticipation of the upcoming Bitcoin halving event. ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.3 trillion.
Below is a tabular overview of how will SCRT develop in the short-term (for the next 90 days), according to our prediction model:
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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 $60-65k area. Total market capitalization is currently at around $2.3 trillion (it around $1 trillion in June last year).
This resurgence is buoyed by several factors, including the approval of Bitcoin spot ETFs in early 2024, which has played a pivotal role in attracting institutional investors and boosting market confidence. Moreover, Bitcoin halving is now behind us, but BTC price didn’t perform well around this event (post-halving retracement mentioned above).
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 or ENA produced nice gains.
Looking ahead, the market is poised for what many experts believe could be a prosperous period. The Ethereum ETFs approvals are now also a done deal. 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:
$1.00What will SCRT be worth in 5 years?
The price of SCRT in 5 years could lie around $0.6080, according to CaptainAltcoin’s prediction model.
What Secret will be worth in 2030?
Our forecasting model sees Secret reaching $2.51 in 2030.
What Secret will be worth in 2040?
Our forecasting model sees Secret reaching $5.02 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 $0.2583. In the long-term (8-10 years), it could jump to $2.51 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 $2.51 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 $5.02 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.
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