Braintrust price prediction: A freelance platform for the Web3 era

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Are Braintrust’s notable clients enough to keep the BTRST token afloat?

The Braintrust logo                                 
Braintrust has formed partnerships with WeWork, Logitech, and Twitter – Photo: Shutterstock
                                

Contents

The internet has become a crucial tool for freelancers, as sites such as Fiverr and Upwork have rocketed into the mainstream. But as users take the plunge into the world of Web 3.0, freelancing tools are adapting.

Braintrust was born from the broken gig economy system. Through a decentralised platform, it wanted to give freelancers and clients the best deal possible, connecting the two parties to bring successful referrals with low fees.

While its platform has gained respectable clients, including Twitter and WeWork, its BTRST token is struggling to get off the ground floor. Read on for a Braintrust price prediction...

What is Braintrust (BTRST)?

Founded in 2018, Braintrust was created by Gabriel Luna-Ostaseski and Adam Jackson, both based in San Francisco. The former was an adviser to technology businesses. Jackson has founded a blockchain asset management company along with four other VC-backed companies.

The two founded Braintrust with a goal to become the “world’s most impactful talent network”. It is attempting to build a bustling ecosystem of freelancers and employers that strikes the best deal for both parties. Braintrust is looking to achieve this through the implementation of blockchain technology.

Braintrust’s decentralised nature means it can stand out from the crowd. It is not trying to maximise profit, so it allows its freelancers to choose projects without charging them any fees. The companies are then given the platform to scale their workforce.  

How does Braintrust work?

There are three different groups of users on the Braintrust ecosystem. Freelancers, described as “talent”, are those searching for work or projects to get involved in. Once approved by the network, the talent can apply for jobs. They can also earn BTRST tokens by completing educational courses and participating in the community.

Clients are the companies posting these job opportunities. While there is no fee for the talent, clients have to pay 10% of the invoice to Braintrust nodes, those powering the network.

Connectors are the final group and they are almost like matchmakers. They earn BTRST for inviting on board talent and clients, who then pair up for successful jobs.

The BTRST token has plenty of utility and multiple ways it can be earned by network participators. It also doubles up as a governance token where holders can choose the future direction of the network. However, investors are not convinced, as BTRST has been depreciating since its launch.

BTRST past performance

Braintrust had a strong start to its journey. Its mainnet launched at the beginning of September 2021 and already boasted reputable clients including Goldman Sachs. By 15 September, BTRST was listed on Coinbase and its value soared from its open of $9.98 to a high of $41.65.

It climbed to its all-time high the following day of $47.85. This also came as Braintrust announced more notable clients hiring on its platform. These included WeWork, Nestle, Twitter, and Logitech.

However, this was not enough to stop BTRST from plummeting. It dropped to a low of $21.06 on 17 September and eventually fell below $10 by the end of the month.

BTRST has been plagued with this bearish trend and is yet to recover. By the beginning of November, it had fallen to the $5 mark and it started off 2022 at $3.43.

The token saw a slight rally at the beginning of February. This followed the network launching a fee converter that automatically bought BTRST. Braintrust found it would eventually run out of its token pool dedicated for community incentives. So the community decided to use the 10% client fees to purchase tokens and feed them back into the organisation.

BTRST climbed back to $5.06 on 1 February. But the rally proved to be only temporary, and it eventually fell back to the $3 mark. Multiple market crashes ensued, and by 19 June, the token was trading at lows of $1.31.

However, the protocol has made some extremely important partnerships recently, including Behance, which was announced on Twitter:

As of 22 June and at the time of writing, the token was trading at $2.18. With a circulating supply of almost 91 million tokens out of a total supply of 250 million tokens (36%), Braintrust has a market cap of almost $200m, making it the 119th-largest crypto by that metric.

Braintrust price prediction

The recent performance of BTRST has led to some conflicting forecasts. WalletInvestor thinks this bearish trend is going to stick and says BTRST is a “bad” long-term investment. Its Braintrust price prediction for 2022 is pessimistic, estimating the token to drop to $0.11 by the end of the year.

PricePrediction thinks it can eventually reach a new all-time high. It says the token will climb from $3.06 in 2022 to $9.11 in 2025. The Braintrust price prediction for 2030 expects a staggering $56.73 average price.           

TechNewsLeader also thinks Braintrust is capable of breaking its price record. The Braintrust crypto price prediction says it can hit $4.65 in a year and $15.26 in five years’ time. In ten years’ time, the token could be worth $114.32, according to its Braintrust coin price prediction.

DigitalCoinPrice does not think it can get anywhere close to $100 in the foreseeable future. Its Braintrust price prediction for 2025 expects an average price of $4.16, which will drop to $4.00 the following year. The site expects it to eventually resume its upward trend and its BTRST price prediction for 2030 is $9.96.

FAQs

There is a circulating supply of almost 91 million BTRST, out of a max supply of 250 million BTRST.

It might be. Braintrust was designed for freelancers and clients to secure the ideal match and supply the best deal. However, its BTRST token is not seeing the same success as its platform and is currently down over 95% since its all-time high in September 2021. It is important for investors to always conduct thorough due diligence before investing in cryptocurrencies.

Forecasters are conflicted over the future of BTRST. WalletInvestor thinks it will carry on its bearish trend, while PricePrediction argues it can soon reach a new all-time high. Predictions are often wrong, so investors should never purchase more tokens than they can afford to lose.

It depends. Braintrust saw its token skyrocket when it launched in September 2021. But it has since lost most of this value. Remember, tokens can be volatile, so you should always research before investing.

Further reading

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