In this guide, we will voice our own and market’s opinion on SRM future while discussing Serum 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 Serum.
Now, let’s head into it. Before we delve deep into the Serum price prediction and answer questions if SRM is a good investment or not, why will SRM succeed or fail or why will Serum price rise or drop, let’s quickly throw a glance at what is SRM and its to date history.
What you'll learn 👉
What is Serum?
Serum is a permissionless decentralized exchange (DEX) and blockchain ecosystem that is built on Solana, and developed by the Serum Foundation. The project was co-founded by Sam Bankman-Fried, the CEO of the FTX exchange, and an active contributor to the Solana ecosystem.
In the DEX, and also in the larger ecosystem, Serum aims to improve on the state of decentralized exchanges by bringing all the benefits of a centralized exchange to the DeFi space.
Serum ($SRM) Token
$SRM is Serum’s governance token based on the Solana blockchain but alternatively also has an Ethereum or ERC-20 version.
Around 10 billion SRM was minted as the maximum supply at inception; of which approximately 175m tokens will be circulating initially and will grow to 181 million tokens after the IEO (see below). This amount is then set to grow by around 15% annually. It gives holders governance power over the Serum ecosystem. While most components in Serum are deemed immutable, some parameters, like future fees, can be modified via SRM governance votes. The net prices are used to buy and burn the SRM tokens.
SRM can be staked and can also be utilized to pay for fees. This gives SRM holders as much as 50% discount on all trading costs. Also, 90% of all SRM tokens are designed for long-term hold or lock-ups. This is to ensure that the team is here for the long-term.
SRM Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs in early 2024, 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 $95-100k now after hitting an all time high of around $107k in mid-December. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $3,300 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 peak of the bull run will happen in mid-2025, bolstered by the recent ETF approvals, historical post-halving rallies and typical 4-year cycles. Some of the hottest sectors last year were memes, RWA and AI projects.
Below is a tabular overview of how will SRM develop in the short-term (for the next 90 days), according to our prediction model:
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Serum Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
SRM Price Prediction 2025 – 2030 – 2040
Our prediction model sees SRM dropping from its 2022 highs back to lower levels in 2025 mostly due to its unfavorable tokenomics and crowded use case.
SRM price in 2030 & 2040 could be close to zero as we don’t see a bright future for it in the distant future.
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