Patron price prediction: What is patron (PAT)?

Patron has come out of nowhere to buck trends – but what happens next?

Patron                                 
Can patron gain international recognition? – Photo: patron-ico.io
                                

Contents

The patron cryptocurrency has come out of nowhere to buck market trends and go on a bull run in January 2022. But what is patron (PAT)? What does Patron do? What is it used for? What is the patron price prediction? Let’s see if we can answer those questions for you. 

Patron explained

Patron is the native token of the Patron platform, which operates on the Ethereum blockchain. The system was founded in Japan in 2018, and uses the PAT token to secure its network. The coin can be staked for rewards. In terms of what Patron aims to do, according to its website: “We want to make a global impact on the level of Apple and Google and bring Japan’s thriving tech and influencer scene to new markets. Over the past four years we have worked with influencers and social media. We have the network built, the experience, and the technological expertise to make this dream a reality.”

The token raised $27.9m (£21.1m) in an ICO which took place in 2017. Patron was founded by Atsushi Hisatsumi, an entrepreneur who also founded the Extravaganza International website. The system has a management board consisting of Hisatsumi and five others.

There is, however, one concern that might face a potential PAT investor. Links to the system’s white paper no longer work and there does not appear to be a way to contact Patron. In fairness, however, the system has been operating for long enough that it is reasonable to think that, were someone to want to cut and run with investors money, they could have done so by now. However, it is only fair to let you know about this. 

Patron price history

While past results are never a guarantee of future performance, they can still be useful. If we know how a coin behaves in the past, then that can help us contextualise the information found in a patron price prediction.

The end of 2017 and the first few months of 2018 were a real boom period for cryptocurrency and PAT was able to catch the tail end of the wave. Launched in May 2018 with early prices around $0.05, the coin blossomed soon after it came out on the open market, and on 27 May, days after it started being traded, it was worth $0.1541, an all-time high that it has still yet to beat. Many coins, especially at that time, hit major highs soon after they came out only to drift away and it looked like Patron was not going to be an exception. The price spiralled down and by the end of 2018 it was trading at below one cent, where it would stay for quite some time.

There was some excitement in March 2021 when Patron went from opening 27 March at $0.003248 before rising to an intraday high of $0.06554, a rise of just shy of 2,000% in mere hours. There was still a little bit of growth left and, on 28 March, the coin reached its 2021 high of $0.06816. The price soon fell, but it was trading at above the $0.01 mark until the great crypto day crash of 19 May sent it down into the doldrums, where it stayed for most of the rest of the year, closing 2021 at $0.003829.

While the very start of 2022 was a fairly bearish time for cryptocurrency, Patron looked like it was bucking the trend and then some when it underwent a massive surge. On 18 January, it started trading at $0.0023 before shooting up to hit an intraday high of $0.01635, an in-day rise of more than 610%. The spurt was not over, though, and on 19 January it hit an intraday high of $0.1015 before it settled to close at $0.02884. The downward trend continued into 20 January, when it stood at around $0.0186. At that time, there were 393,938,955.03 patron coin in circulation out of a total supply of 400,000,000. This meant that PAT had a market cap of about $7.3m, making it the 1,146th largest cryptocurrency by that metric. 

Patron price history
Patron price history – Credit: Currency.com


Patron price forecast

Always bear in mind that long-term price forecasts are very often wrong. That said, CoinArbitrageBot thinks there could be good times ahead for the token. The site’s patron price prediction for 2022 sees the coin build on its recent gains, getting to $0.04243 at some point this year. There will be better news in 2023, it believes, when it says PAT will continue to rise, hitting $0.07551 in 2023. In the world of cryptocurrency, barriers seem ready to be broken and, in 2024, the token is set to break the ten cent mark, according to CoinArbitrageBot, hitting $0.12218 before moving up to $0.19769 in 2025. 

ICOCreed also has some downbeat news for investors, as it suggests that, by January 2023, the coin will be worth $0.016. How bad, precisely, that news is will all depend on when an investor got into PAT. However, there will be some recovery it says, and the coin will get to around $0.023, roughly where it is at the time of writing, by the end of the year. ICOCREED thinks 2024 will see more growth, with the coin hitting $0.033 in December. The site’s patron price prediction for 2025 sees PAT finish the year at $0.047, with it getting to $0.069 a year on. So far, this is a positive, but not overly so, patron coin price prediction, and the site suggests the coin can reach around $0.10 in December 2027, and 12 months after moving to $0.15. At the end of the decade the price comes in at about $0.22. The first year of the new decade should see the coin close up at $0.30, while 2031 should end with Patron worth about $0.45, the site suggests.

The Patron crypto price prediction from PricePrediction.net is very bullish, with the site’s PAT price prediction being an average of $0.05 in 2022 before reaching $0.074 in 2023 and breaking $0.10 at $0.11 in 2024. It says 2025 should see the coin more or less match its 2018 high, when it was worth $0.15, and there will be some serious growth in 2026, the site believes, when PAT will get to $0.24. The journey will not end there, though, as PAT is predicted by PricePredictionNet to hit $0.34 in 2027 and $0.48 in 2028, before finishing the 2020s at somewhere around $0.69. The site’s patron price prediction for 2030 is $0.99 and, in 2031, it will stand at somewhere around $1.44.

Finally, DigitalCoinPrice is a bit more down to earth when it comes to its patron price forecast. The site says that the coin should get to $0.02645806280 in 2022, before moving to $0.03190790212 in 2023. In 2024 it should continue its rise, reaching $0.03358884916 before getting to $0.04106514917 in 2025. There will be a downturn in 2026, however, with PAT falling to $0.03869231574 before recovering to $0.05190491027 in 2027. PAT should reach $0.07021563785 and it can get to $0.08339899038 in 2029. If this forecast is accurate, that would indicate that, while PAT can grow, it will not reach the heights of 2018 this decade. DigitalCoinPrice does not think that PAT can break the $0.10 barrier in the next eight years or so. 

Final comments

PAT is one of many cryptocurrencies which was caught up in the crypto boom of late 2017 and early 2018 and reached a high then that it has never returned to. That is not to say it could not match that figure one day, but it has had quite some time and, arguably, an even bigger crypto bull market in early 2021, to do so, and has not yet done so.

There is also the trend with PAT to suddenly shoot up for a small period and then return to the sub-cent mire. We have no way of knowing if recent bullish activity will actively break this trend, but we do have to keep it in mind. We should also point out that there does not appear to be a way to contact the Patron platform and the white paper is down. Be careful out there.

FAQs

As of 20 January, there were 393,938,955.03 Patron coins in circulation out of a total supply of 400,000,000.

It depends on how you look at things. If you think what has happened recently is the start of a growth spurt for the token, then it might well be. If, on the other hand, you think the coin will revert back to its usual price in the not-too-distant future, then it is less of a good investment. Either way, you will have to do your own research, remember prices can go down as well as up and never invest more money than you can afford to lose.

It might do, although by how much is anyone’s guess. The predictions seem to be pretty positive, but they are taking it on trust that the coin will not go back to sub-cent levels. You will need to do your own research and remember cryptocurrencies can be highly volatile and can go down as well as up. 

This is a question that only you can answer. Before you make any firm decisions, you will need to do your own research, remember prices can go down as well as up and never invest more money than you can afford to lose.

Further reading

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