Bittime - Centrifuge (CFG) just received a bullish rating from InvestorsObserver on Thursday, March 21st. CFG pricejumped 39.84% to $0.9494854808 while the overall crypto market was only up 5.52%.
This significant price increase certainly makes many investors wonder where CFG prices will go next. Let's look at CFG price predictions from 2024 to 2030 from several sources.
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What is a Centrifuge (CFG)?
Centrifuge (CFG) is a decentralized finance (DeFi) lending protocol that aims to make credit more accessible to small businesses. Additionally, Centrifuge also aims to provide stable returns for investors by opening up liquidity pools to the world of traditional finance.
Bridging the Worlds of DeFi and TradFi
Centrifuge's associated decentralized application (dApp), Tinlake, is a marketplace for tokenized real-world assets. Companies can use their assets as collateral for loans by creating Non-Fungible Tokens (NFTs) that represent verified real-world assets.
These NFTs can then be used to gain instant access to more liquid funds, provided by individual investors.
Instead, investors can utilize traditional business lending methods to earn more predictable returns on their investment. Thus, investors are protected from exposure to unpredictable crypto market volatility.
Also read: 5 RWA Tokens Rise More Than 30%, There's ONDO!
Technology Used
Originally built as its own blockchain, Centrifuge is now also compatible with parachains on Polkadot. In developing NFT capabilities and the Tinlake protocol, Centrifuge follows Ethereum standards.
In this way, Centrifuge bridges the Polkadot and Ethereum ecosystems, seeking to take advantage of the advantages each blockchain has to offer.
CFG Tokens
Centrifuge is powered by the Centrifuge token (CFG). The functions of the CFG token are:
- Maintain blockchain security
- Allows holders to pay transaction fees
- Allows staking of assets
- Facilitate participation in Centrifuge governance
Also Read How to Buy Crypto:
CFG Price Prediction According to Bitnation
Bitnation provides a long-term bullish prediction for Centrifuge. According to them, CFG prices have the potential to experience a significant increase in the next few years. The following is the CFG price prediction table from Bitnation:
| Year | Minimum Price | Average price | Maximum Price |
| 2023 | $1.24 | $1.54 | $1.85 |
| 2024 | $2.26 | $2.57 | $2.88 |
| 2025 | $3.29 | $3.60 | $3.91 |
| 2026 | $4.32 | $4.63 | $4.94 |
| 2027 | $5.35 | $5.66 | $5.97 |
| 2028 | $6.38 | $6.69 | $7.00 |
| 2029 | $7.41 | $7.72 | $8.03 |
| 2030 | $8.44 | $8.75 | $9.06 |
CFG Price Prediction According to Coincodex
Coincodex looks at the long-term price movement of Centrifuge and the Bitcoin halving cycle to make predictions. They predict CFG's low in 2025 to be around $0.92, while its highest could reach $4.56. The following is the CFG price prediction according to Coincodex for the next few years:
| Year | Lowest Price | Highest Price |
| 2025 | $0.921906 | $4.56 |
| 2026 | $0.759842 | $2.54 |
| 2027 | $0.838328 | $1.774998 |
| 2028 | $1.264021 | $3.06 |
| 2029 | $2.59 | $6.45 |
| 2030 | $2.56 | $4.14 |
Also read: What is RWA and Why is it Important for DeFi?
Centrifuge (CFG) Price Journey So Far
Centrifuge (CFG) is currently trading at US$0.97, ranking 166th in the entire crypto ecosystem. The current total circulating supply is 527,882,914 CFG with a market capitalization of $460,837,262.
In the last 24 hours, the price of CFG has increased by 3.01%. This price increase continued into a positive weekly trend, where CFG managed to record an increase of 48.70% in the last 7 days. This positive performance certainly attracts investors' interest in looking at Centrifuge's potential.
The positive trend is increasingly visible in CFG's monthly price movements. Over the past month, CFG price jumped 69.08% or around $0.38. This significant price increase makes CFG a potentially attractive asset to consider as an investment.
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Conclusion
Predictions from both sources show the potential for significant growth in Centrifuge prices in the future. It is important to note that these predictions are not a guarantee and actual prices could be higher or lower.
Always do your own research before making any investment decisions.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What Are Real World Assets (RWA), 5 Crypto Coins & Blockchains That Use the RWA Narrative
HomeCoin: An Innovative Real-World Asset (RWA) Based Stablecoin
RWA Tokenization on a Large Scale Not Feasible Yet?
Senken: Real-World Asset (RWA) Based Carbon Investments for a Greener Future
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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