INVESTORS who’ve put cash into Badger DAO will be hoping for the cryptocurrency to increase in value.
The Badger DAO price hit its highest ever level in February this year, but it’s down since then.
Investors should know that making money through cryptocurrencies is never guaranteed, and you may lose all the cash you put in.
In other words, it’s important not to invest more than you can afford to lose or into something you don’t understand.
Cryptocurrencies are highly volatile, so their values can make large swings with little to no notice.
Newer cryptocurrencies are also riskier than more established ones, such as Bitcoin, and make you more vulnerable to scams and fraud.
What is Badger DAO?
Badger DAO aims to simplify the use of Bitcoin as collateral across decentralized finance (DeFi) applications.
Collateral is an asset that a lender typically accepts as security for a loan, while DAO stands for decentralized automation organizations.
Badger is said to allow developers, known as Badge Builders, to collaborate and implement Bitcoin to as many smart contract platforms as possible.
A developer can then earn a percentage of the fees and BADGER tokens from the developer mining pool for every implementation.
BADGER is the native token for Badger DAO, which is often called just Badger.
The platform was founded by Chris Spadafora at the end of last year.
On Wednesday, October 13, Coinbase Pro users got the change to add Badger DAO into their accounts, alongside RARI, Coinbase announced.
Badger DAO price predictions
The price of Badger DAO is currently sitting at $31.85, down by 5.13% over the past 24 hours, according to Coinbase.
In comparison, it hit its highest ever level on February 8, when it soared to $89.50.
Since it began trading in December last year, the cryptocurrency has soared by almost 421%.
It’s impossible to know for sure how the value will change in future, but plenty of cryptocurrency sites and fans have still made predictions.
Make sure to take them with a pinch of salt though, as they’re nowhere near guaranteed.
For example, Wallet Investor currently expects the cryptocurrency to drop to hit $19.64 in a year’s time.
Meanwhile, Digital Coin Price is more optimistic and reckons Badger DAO will reach $47.64 in 2021, $55.42 in 2022 and $63.37 in 2023.
However, investors waiting for it pass the $100 mark may have to wait until 2026, the site expects.
In comparison, Price Prediction expects it to hit $102.67 a year earlier in 2025.
We also explain why the value of NuCypher is going up.
Cryptocurrency investor discusses bitcoin back in 2011, before it earned him a life of luxury
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