We are thrilled to share that our native token, $FIBO, has set sail on its breakout rally and is predicted to reach new all-time highs (ATHs) this year.
We entered the crypto scene in the latter half of 2021 with a novel form of decentralized exchange (DEX). Our Interoperable Multi-chain Bridge System (IMBS) empowers users to transfer tokens from one chain to another smoothly and instantaneously without draining a lot of funds in the name of gas fees.
With the aid of FibSwap’s Smart Algorithm, cross-chain token exchanges and swaps are greatly sped up. Our vision has been to disrupt the crypto trading world by enabling users to swap tokens across multiple chains seamlessly using the Interoperable Multichain Bridge System.
Here, we cover the possible reasons why $FIBO could increase against the US dollar and its price prediction based on its fundamentals and industry trends. Read on to find out!
The Year Of DEXs
DEXs have seen record-breaking growth in trading volumes, up 858 percent from the previous year, whereas CEXs recorded a trading volume of more than $14 trillion in 2021, up 689 percent year over year, according to The Block Research. This marks the growing trend in users switching over to DEXs for a more secure trading experience.
Further, the fact that DEXs are becoming more accessible and user-friendly contributes to the growing appeal of DEX’s native tokens. They hold significant benefits over their CEX counterparts in terms of ownership and security of personal funds. When transacting on a DEX like FibSwap, unlike a centralized exchange, the user retains ownership of their assets in their non-custodial wallet.
In the same vein, FibSwap has a market cap of over USD 9 million and a circulating supply of 4.48 billion $FIBO tokens.
The Rise Of Cross-Chain DEXs
With FibSwap and $FIBO, we also tackle a problem that the whole crypto community has been grappling with for quite some time — cross-chain token swaps and interoperability.
Given the proliferation of blockchains, cross-chain dapps, and protocols, there has been a rising need for cost-efficient multichain solutions to connect and aggregate the entire crypto ecosystem and allow capital to flow around smoothly and optimally for different types of users all over the world.
We, at FibSwap, aim to make cross-chain trading cheaper. Holders of $FIBO tokens get the lowest fees on the market and make transactions as inexpensive as possible with its unique lowest charge swap aggregator.
With the launch of IMBS on FibSwap, our users can enjoy quick trading while being in full control of their assets and private keys. FibSwap is committed to making swapping tokens from different chains as simple as swapping tokens on single-chain DEXs like Uniswap and PancakeSwap2 while also allowing trading across different platforms such as Polygon, Avalanche, and others. Moreover, we aspire to improve user experience on DEX by bringing all features into phone applications on Android and iOS too!
Our team at FibSwap also burnt 500 million tokens lately and has a plan in place to burn additional tokens in the future. This would encourage existing and new investors to retain the FibSwap token for a longer period.
This makes $FIBO one of the fundamentally strongest DEX tokens in the field, and therefore, has the biggest upside potential according to us!
$FIBO — A Token To HODL or Flip?
With the recent plunge in the markets, given the current global conditions, $FIBO has seen a downtrend in price. However, given the strong fundamentals behind FibSwap, this should not come as bad news! $FIBO at the moment is selling at a discount, which means that this is not the time to sell, this would present a potentially great opportunity to buy.
Obviously, always do your own research and do not take this as any official financial advice. But trust in your ability to choose projects that will have value moving forward.
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