SALT coin price prediction: will SALT recover in 2022?
The SALT coin has yet to recover its 2017 peak, but what is the latest SALT price forecast?
Blockchain-based SALT coin, founded in 2016, offers multi-collateral flexible loans to users who are looking to leverage their crypto rather than sell it. Users can deposit a variety of accepted cryptos including ether (ETH), bitcoin (BTC) and SALT (SALT) in order to gain access to fiat or stablecoin loans.
Regulated and fully licenced, SALT offers different kinds of interest rates, loan durations and loan sizes. Starting from $5,000 (£3,750), SALT loan-to-value ratios range from 30% to 70% and unlike more conventional loans, borrowers do not need to put down prepayment or origination fees.
What is SALT coin?
SALT is the native token of Salt Lending. SALT coin serves a variety of different functions on the platform. Users can pay fees, make interest payments and use it as part of their collateral portfolio.
Despite rising to peak prices after the coin was first issued in 2017, the SALT coin has failed to reach such heights in the years succeeding. While the market for crypto-backed loans has expanded, the price of the coin, has fared dismally.
This can, in part, be ascribed to the fact that the crypto community lost trust in SALT after it went quiet between May and September 2018. This was in part due to becoming overwhelmed with the $1.3bn loan requests in had received in early 2018. Despite making multiple attempts to regain trust and favour of the community, SALT, as evidenced by the dismal performance of SALT coin, has yet to recover.
But what about the future? What about the SALT coin price prediction?
Before we look at SALT crypto price prediction, let’s look at SALT coin’s past performance.
SALT coin overview
SALT has a current circulating supply of 73.9 million and a maximum supply of 120 million.
18,858 SALT coins have thus far been burnt.
The ICO, held in August 2017, sold 45% of total supply at a price of $0.89, raising $48m in total.
SALT is an ERC-20 coin, based on the Ethereum blockchain and has a market cap of $12.486m.
With these facts in mind, let’s look at some SALT price predictions.
SALT coin price forecast
While predictions, especially long-term ones, can sometimes be completely off the mark, they are worth taking into consideration when examining whether Bitcoin Gold price will go up or down. Instead of viewing them as absolute indicators of the future, instead it is wise to view them as possibilities.
Bearing this in mind, let’s look at some SALT price predictions.
WalletInvestor, in its forecast, predicts that the SALT price should reach $0.330 in a year’s time and $1.058 in five years.
Gov.capital, in a highly pessimistic forecast, estimates SALT crypto price prediction 2022 to be $0. Due to the fact the crypto had experienced a declining tendency, and could go down to nothing, the site therefore does not recommend investing in the coin.
DigitalCoinPrice thinks that SALT could be worth $0.3135 in 2022 before increasing to $0.3597 in 2023. The website’s SALT price prediction for 2025 stands at $0.4823. It’s worth noting that while DigitalCoinPrice predicts a price increase, the forecast is not optimistic, suggesting the coin will increase only by almost imperceptible amounts on a month-by-month basis.
SALT has unfortunately been suffered a dismal performance since 2018. Some anaylsts think it is an okay investment while others do not recommend investing in it.
While some analysts believe it will go up, albeit slowly, others believe the price could go down to nothing. Forecasts, especially long-term ones, are better viewed as indicators rather than absolutes.
Investing is a highly personal endeavour. Do your own research and try to keep up to date with any development on the SALT platform which could boost its future prospects.
Remember, investing can be risky and it is important not to invest more than you can afford to lose.