It’s been a few weeks since the price of Bitcoin crashed from an all-time high of just a little over $63,000 to $36,628 at the time when this article was written. The price for Nerve Finance’s native token, NRV, was no different and experienced an even greater drop, losing around 75% of its value. However, while it is true that a lot of people witnessed the value of their portfolio take a shocking reduction, statistics seem to indicate that the price of NRV is expected to make a comeback, and this is not even considering the possibility that the bull market may not yet be over.
This Nerve Finance price prediction article will look into the price forecast for one of Binance Smart Chain’s upcoming DeFi protocol. We will take a look at both the short and long-term price forecast and exam the reasons why the price for NRV may yet have what it takes to go to the moon.
NERVE Historical Price Analysis
Nerve Finance is a relatively new DeFi protocol. It launched back in mid-March of this year with the price of its native token, NRV, starting at $0.545, according to CoinMarketCap. It hovered around that price throughout most of March until it began to experience a sharp increase in price a few days before April. By April 12, it had a price of $5.6558 before experiencing a sharp drop throughout the second half of that same month.
The price continued with pumps and dumps throughout the second half of April and very early May until it experienced its all-time high of $6.2263 on May 3, 2021. Since then, it has been steadily decreasing. The sudden crash in the second half of May only accelerated the drop, reaching a very low $1.2879 on May 23, 2021, before it bounced back. Since then, it has been hovering between $2 – $1.50.
Current Price, Market Cap, & Supply Details
At the time of writing this article, the current price of NRV is $$1.62. According to CoinMarketCap, it has a market cap of $75,043,495. The price change in the last 24 hours has a -10.47% decrease.
NRV is the governance token for the Nerve Finance protocol and has a current circulating supply of 46,237,771. It has a max supply of 100,000,000. However, this is incorrect. According to their docs, the team behind Nerve Finance burned 568,000 NRV tokens. This reduces the maximum supply down to 99,432,000.
Nerve (NRV) Future Price Forecast Predictions
This section will take a look at the price forecast for both the short-term and long-term. It should be noted that these prices predictions are speculative. They are not a guarantee.
This is all the more so that the information forecasting has no firm consensus. Digitalcoin reports a positive forecast for the Nerve token. It predicts a steady increase in the price as the years go by, with 2028 having an average price of $7.51.
Wallet Investor, however paints a more pessimistic picture. Its barometer has a very strong bearish sentiment at the moment. It is predicting that throughout the early summer of 2021, the price of Nerve is expected to go down even more, below $1. However, that is only for the short term. For the long-term, it has a more positive overview, perhaps even more so than Digitalcoin. It forecasts a price of around $14 by June 2022.
TradingBeast.com also forecasts a positive price increasing in the long term. Although it only provided statistics up to the year 2024, it calculated an average price of $5.00.
Short Term Forecast
Long Term Forecast
Nerve Finance Price Prediction 2021
According to the 2021 chart, the price of Nerve is expected to pass the $2 mark, ranging from $2.12 at its lowest to $2.67. This is an average 45.91% increase from the current price.
Nerve Finance Price Prediction 2022
The year 2022 is expected to also be positive. The average price increase for the year is $3.156, a 50% average increase from the current price. October is the month when the price is to be at its highest, at $3.59.
Nerve Finance Price Prediction 2025
By the time we get to the year 2025, the price for NRV is expected to hover around its at or near its all-time high. This puts it somewhere between $5 – $6.16. This gives it a 209% average increase from the regular price.
Is Nerve a Good Investment?
What separates good investors from bad ones is the keen ability to buy in when the price is low and to sell when the price is high. At the moment, it appears that the price is low, and it seems to be a good time to buy-in. However, an important question that every investor must consider is; what will make the price go up?
Well, apart from Bitcoin’s price, the other factor is the protocol’s continued development and providing additional features for users in order for mass adoption to take place.
Thus far, the team behind the project has been continual, including establishing a bridge with Solana, another increasingly popular blockchain platform. Nerve V2 is also in the works, along with a multi-signature & timelock mechanism for smart contracts and community governance. So yes, development is still being done, and once reading below the issue Nerve Finance is trying to solve, you will see that it is a project worth considering.
How to Buy Nerve?
Because it is a relatively new project, there are only a few exchanges that list the Nerve token. The best place where you get some Nerve tokens is on the Nerve website itself. All you need to do is provide liquidity, and you will earn Nerve tokens as a reward. Other than transaction fees, you don’t need to buy them.
The second best place where you can get some Nerve tokens is on PancakeSwap. You can swap your BNB or BUSD for some NRV.
Gate.io and MXC.com are the two other exchanges where you can get NRV.
More Information About Nerve
What is Nerve Finance?
Nerve Finance is an automated market maker (AMM) DEX that is specifically designed for trading stablecoins with low price slippage. It is non-custodial, meaning developers do not have access to the tokens you provide for liquidity. It’s a relatively new project, having only been launched in early March of 2021.
On the surface, Nerve seems like any ordinary DEX. Users can provide liquidity for those rewarding fees in its native token, NERVE. It has a typical uniswap-style swap interface, with the Nerve (NRV) token being foremost a governance token. However, there are other features that make it very unique.
For starters, Nerve only allows users to provide liquidity in stablecoins, specifically in BUSD, USDT, USDC, and UST, along with Bitcoin (either as BTCB or anyBTC) or Ethereum (ETH or anyETH). This means that Nerve has bridges to three blockchains; Ethereum, Bitcoin, and Binance Smart Chain.
How does it work?
Nerve provides very low slippage when swapping stablecoins. Because you are swapping US dollar-pegged crypto assets, you have the expectation that whatever amount of USDC you have, you will be getting the exact same amount when swapping it for BUSD. With other AMMs, that is not the case, but with Nerve’s low slippage algorithm, you can expect to receive a near-zero slippage.
When doing cross-chain transfers, users were only previously able to do it via the centralized, custodial Binance Bridge. In addition, the Binance Bridge places restrictions and limitations, which has decreased its utility for many users. Nerve bridge does away with most of those restrictions and allows users to transfer large amounts of ETH or BTC to the Binance Smart Chain and back with minimal cost for convenience.
When it comes to providing liquidity, it’s a bit different from the traditional way users would provide liquidity on other DEXs. Instead of pairing two types of cryptocurrencies of equal value together, users can simply deposit any of their stablecoins as stand-alone crypto. Meaning, you don’t need to pair it with any other crypto asset.
Here, you can deposit your BUSD, USDT, and/or USDC without pairing them together or any other crypto. You can deposit one of them or all three if you have it, although according to their documentation, you need to be aware of any bonus or penalties for stablecoins that are under – or over-provided in the pool, a type of impermanent loss. In this pool, users will receive NRV-LP tokens, which they can then stake to earn the 48% of all NRV emissions; there are no deposit or withdrawal fees, with no lock-up period. Now, you can only earn those NRV tokens if you do the additional task of staking your NRV-LP tokens.
The same process is for their BTCB/anyBTC pool, ETH/anyETH pool, fUSDT Metapool, UST Metapool, and rUSD/3pool – External Metapool.
As is becoming common within BSC, the team behind the development of Nerve Finance is a group of anonymous developers.
In Conclusion, despite the massive crash that the crypto market experienced a few weeks ago, many financial experts, including those involved in crypto assets, have affirmed the position that the bull market is not yet over.
With that being said, it is no wonder why the price of Nerve is expected to go up in the long term. While the short-term will continue to struggle, for many, this is the perfect opportunity to scoop up some NRV at a very good discount.
However, it needs to be considered that there is no guarantee that the price will go up. If anything, some have speculated that the market may yet experience another drop before it begins to recover, and that is assuming it will recover quickly. Should the market experience a bear market, it may months before the price of NRV begins to go up. Therefore, investors should be made aware and should only invest what they are willing to lose.