Libero Financial price prediction: What’s next for the DeFi newbie?

The fork off Titano blockchain, launched in February 2022, gained 10% over the past week

iPhone with graph on it                                 
The crypto is ‘transforming DeFi with the Libero Autostaking Protocol (LAP) that delivers the industry’s highest fixed APY’ - Photo: Shutterstock
                                

Contents

A fork off Titano blockchain, Libero Financial allows users to auto stake LIBERO coins. Instead of having to moving tokens to the crypto’s website, as soon as users buy the token, they are already staking and thus in line to reap rewards, according to the protocol’s website.

The coin has performed reasonably well since its launch. However, more recently on channels like Reddit, some users are questioning the legitimacy of the project, suggesting the coin’s offering appears to be good to be true.

But does the project deliver? And what is the Libero price prediction?

Before looking at forecasts, let’s do a quick overview of the coin.

What is Libero Financial (LIBERO)?

According to its website: “Libero is positioned to lead a revolution in DeFi with the Libero Autostaking Protocol or LAP, a new financial protocol that makes staking easier, and gives $LIBERO token holders the highest stable returns in crypto.”

Holders receive a staggering fixed auto compounding APY of 158,893.59%. This, the project states, provides investors with a daily ROI or rate on investment of 2.04%.

Users can also lock LIBERO in the LIBERO Bank to receive xLIBERO token as a receipt. The longer they lock up the crypto, the more tokens they receive. You receive a heightened rewards, rather than if you just hold LIBERO, without locking it into the bank. For example, holders can vote in the LIBERO DAO as well as receive possible future rewards like multi-chain farming profits.

By locking up LIBERO, less of the crypto is in circulation, thus having an inflationary impact on the coin.

The crypto pays rebase rewards every 30 minutes compared to other protocols which only pay out rebasing rewards every eight hours, according to its website.

Founders

The names of the founders and key people involved has been kept anonymous.

According to the literature, Libero is backed by Thoreum Capital and is made up of a “competent team” which “has the knowledge, drive, and aptitude, capable of scaling Libero to the moon, and beyond. From deep knowledge of farming and DeFii, to unparalleled viral marketing execution, and robust influencer connections with fail-safe digital marketing strategies, the team at Libero is on a mission to make Libero the game changer in crypto space, opening up a new era of Defi 3.0 & Fixed APY.”

Suspicions

While the coin has not fared badly since its launch, there are plenty of crypto enthusiasts online who are raising concerns about the protocol.

One reddit user highlighted how “Anywhere on social media, CoinMarketCap, CoinGecko, you look at comments under anything to do with Titano there’s 50 post about Libero, I don’t like seeing that, seems odd to me, just my personal opinion.” Others also pointed out how many bots were advertising the project and this could be a red flag for potential users.

Some users got airdropped one Libero token (“yup i also got 1 token airdropped, thats a HUGE RED FLAG”.)

There are also criticisms of the fact that Libero is attempting to copy what Titano protocol already does, and allegedly potentially steal Titano holders by criticising the protocol.

One Redditor, for example, wrote: “The team has to address the scammer practices they are making they are flooding titano socials with bots they’re own social media has no engagement.” Regardless of the questions raised, the coin has not performed badly since its launch.

But how does this impact a Libero Financial price prediction for 2022? Or even a Libero Financial price prediction for 2030?

Before looking at forecasts, let’s do an overview of the coin performance so far.

Libero Financial coin performance

The coin rose immediately after launch, rising from $0.002165 on 1 February 2022 to $0.1329 on 9 February 2022. The coin dropped soon after, however, to lows of $0.006877 on 11 February 2022, before rising to $0.01548 on 17 February 2022. The coin has since been on a downward trend, falling to $0.006269 on 22 February 2022, before sliding further to lows of $0.00387 on 4 March 2022.

The coin has since risen, standing at $0.006315 on 10 March 2022.

The coin has risen by 10% in the past seven days but lost 4% in the last 24 hours.

The coin has a maximum supply of 9,007,199,254,740,991 LIBERO coins and a circulating supply of 5,854,497,582 coins.

According to CoinMarketCap, the project has a market cap of $36,009,174.28.

Libero Financial price prediction – Expert opinion

It’s important when looking at predictions to remember that while they can be helpful as an indicator of which direction the price may move, they should be viewed as possibilities rather than absolutes. This is especially the case when looking at long-term forecasts, as these can sometimes be completely off the mark. This is because of the inherent volatility of the crypto market but also the many unknowns which could impact future prices.

With this in mind, let’s look at some Libero Financial price predictions.

WalletInvestor in a fairly optimistic forecast thinks Libero Financial could go up to $0.0196 in a year’s time and $0.0729 in five years’ time.

Gov.capital thinks Libero Financial could go up to $0.0117 in a year’s time.

DigitalCoinPrice thinks that the Libero Financial coin price prediction for 2023 could be $0.00949. The website’s Libero Financial price prediction for 2025 stands at $0.012.

FAQs

The coin has a maximum supply of 9,007,199,254,740,991 LIBERO coins and a circulating supply of 5,854,497,582 coins.

Experts seem relatively bullish on the Libero Financial coin despite how new it is, and how little it has established itself as a coin of long-term value. 

It could go up though it could as easily go down. It is important to note that cryptocurrencies are highly volatile assets and it should be remembered that analysts’ forecasts can be wrong. 

Investing is a highly personal endeavour. Do your own research and keep up-to-date on any developments in the Libero Financial ecoystem that could boost or dampen its prospects.

Remember, investing can be risky. Conduct your own research. And never invest money that you cannot afford to lose.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image