In this guide, we will voice our own and market’s opinion on SCRT future while discussing Secret price forecast for 2023 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 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
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will SCRT develop in the short-term (for the next 90 days), according to our prediction model:
Secret Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
SCRT Price Prediction 2025 – 2030 – 2040
Our prediction model sees SCRT reaching new highs in 2025:$ 2.74
What will SCRT be worth in 5 years?
The price of SCRT in 5 years could lie around $ 1.82, according to CaptainAltcoin’s prediction model.
What Secret will be worth in 2030?
Our forecasting model sees Secret reaching $6.86 in 2030.
What Secret will be worth in 2040?
Our forecasting model sees Secret reaching $13.72 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 $0.6839. In the long-term (8-10 years), it could jump to $6.86 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 $6.86 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 $13.72 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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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com