After reaching its ATH in 2021, Cirus Foundation (CIRUS) has been on a consistent downtrend over the past two years. However, the coin recently saw an ROI of over 170% in just two weeks after rebounding from its long-term $0.0113 support level.
This article outlines a CIRUS price prediction up to 2030, considering its past price trends and analyzing current market conditions. Additionally, it explores CIRUS’s unique features and developments in the broader blockchain context, giving a well-rounded view of its potential growth and future challenges.
Cirus Foundation Price History
By looking at past prices, investors can learn about trends in the market, which helps them make educated choices about the coin’s future.
It’s important to remember that past performance does not always indicate future success, but understanding how CIRUS’s price has changed can help you understand where it might go.
Here’s an overview of its price history, focusing on the token’s key developments and trends;
- Debut and Initial Surge (August 2021): CIRUS was listed on KuCoin on August 18, 2021. In less than 10 days, the token saw an exponential rise of over 1300%, reaching its all-time high (ATH) of around $1.7 on August 26. This surge was part of the broader market uptrend in 2021 and was fueled by the excitement surrounding the token launch.
- Consistent Downtrend Post-ATH: After reaching its peak, CIRUS entered a decline phase with a consistent downtrend. This pattern, marked by lower highs and lower lows, has persisted for over two years.
- Resistance to Support Shift (2022): The token established a long-term trendline resistance(yellow on that chart), which, over time, transformed into a support level. However, 2022 was particularly challenging, with the token experiencing a significant downturn, dropping by over 95%. The events surrounding the FTX exchange collapse in late 2022 worsened this bearish trend.
- Mild Uptrend in Early 2023: The onset of 2023 saw a mild recovery, but this was short-lived. The token encountered a resistance level at $0.17, halting the upward momentum and continuing the downtrend.
- Descending Channel Pattern (2023): The price movements in 2023 have been indicated by a descending channel pattern. A descending channel is formed when the price of an asset moves within a downward trend, creating lower highs and lower lows confined between two parallel lines. This pattern often signifies a bearish sentiment among traders.
- All-Time Low (November 2023): CIRUS hit its all-time low of $0.113 on November 9, 2023, marking a decline of over 98% from its ATH.
Currently, the price of CIRUS is below the Exponential Moving Averages (EMA) for 20, 50, and 200 days. These EMAs act as dynamic resistance levels in a downtrend. A shift above these EMAs, particularly the 200-day EMA, would be a bullish signal.
The price has recently been consolidating, which could indicate accumulation or uncertainty among traders. A sustained breakout from this consolidation, either above the descending channel’s upper trendline or below the recent lows, will provide a clearer direction.
The key support level is the descending channel’s lower boundary near the all-time low at $0.0113.
Cirus Foundation Price Prediction 2024
The crypto market is experiencing a resurgence, leading many investors to search for the best cryptos to trade during this recovery phase.
As we look towards 2024, the Cirus Foundation appears poised for potential growth, influenced by broader market recoveries and specific developments within its network.
Key among these is the Wallet as a Service (WaaS) initiative by Cirus, offering an enterprise-grade solution that seamlessly integrates Web3 with existing user bases. This feature could significantly improve the platform’s appeal and functionality.
By 2024, Cirus is anticipated to announce major partnerships, new integrations within Web3 Labs, and even more ecosystem announcements.
These developments will give users a clearer understanding of the platform’s long-term vision, which centers around data ownership and user sovereignty. These advancements will likely attract a broader user base, increasing the platform’s utility and appeal.
Nonetheless, competition is a significant factor to consider. As the crypto market grows, many projects will compete for dominance in niche areas like data sovereignty and Web3 integrations.
Cirus must maintain a technological edge and continuously innovate its wallet. Also, the broader market dynamics, including the adoption rate of Web3 technologies and the general public’s understanding and trust in crypto platforms, will play a critical role in determining Cirus’s success.
As more users engage with the network, the demand for CIRUS could increase, potentially influencing its price positively.
Considering these factors, CIRUS can reach around $0.11 by 2024. This prediction aligns with CoinCodex’s cautiously optimistic view, anticipating a possible rise to $0.08.
Understanding that these forecasts are based on current trends and developments is important. The crypto market is known for its inherent volatility, where various factors, such as changes in regulation, technological advancements, and shifts in investor sentiment, can significantly impact price movements.
Cirus Foundation Price Prediction 2025
As we look towards 2025, the Cirus Foundation can see more growth, backed by strategic upgrades and developments. These updates could significantly impact its market position and valuation.
- Key Upgrades and Developments: After its full public launch, the platform will continue its product rollout, adding new and robust features. This means introducing more user-friendly and efficient services, likely to include an expanded range of available tokens, integration with Web3 Labs, and other innovations. These developments are aimed at increasing Cirus’s presence in the Web3 arena.
- Major Announcements and Mobile App Beta Testing: Further big announcements are anticipated, reinforcing Cirus’s vision and standing in the Web3 space. Additionally, the team plans to roll out new solutions that could transform user interactions with exchanges. One of the key milestones will be the initial beta testing of the Cirus Mobile App, offering improved accessibility and convenience to users.
- Wallet Functionality and Infrastructure Expansion: Cirus is expected to continue building momentum with more wallet functionalities, deeper integrations within its products, and substantial infrastructure development. These steps aim to achieve true user sovereignty over their data and assets.
Considering these factors, CIRUS could reach highs of around $0.2 by the end of 2025. However, PricePrediction.net, known for its crypto analysis, offers a more conservative estimate, predicting that CIRUS might only see a high of nearly $0.06 by 2025.
It’s important to remember that these predictions depend on successfully implementing the abovementioned updates and the continued positive sentiment in the broader crypto market.
Cirus Foundation Price Forecast 2030
Looking ahead to 2030, the global blockchain market, valued at $11.14 billion in 2022, is anticipated to grow massively.
Projected to increase from $17.57 billion in 2023 to $469.49 billion by 2030, this market could see a Compound Annual Growth Rate (CAGR) of nearly 60%.
Cirus Foundation would likely improve its utility and capitalize on the industry’s growth in this rapidly expanding environment.
Cirus Foundation has recently revised its tokenomics to adapt to the evolving ecosystem. The original model, primarily focused on data sales as the sole revenue source, has evolved to include multiple revenue streams. This evolution is part of a broader strategy to make the platform more robust and versatile.
The ERC-20 Cirus Token is set to match the functions of the native Cirus Network token once it’s fully operational.
This alignment is crucial for a smooth transition and long-term sustainability. Key changes include reducing the total supply of tokens, reallocating the remaining supply to fit the new model, and transitioning to a deflationary model with a Remit-Buy-Burn structure.
As the network matures, it’s expected to attract more users and developers, improving its position in the market.
This increase in engagement, combined with the broader market growth and revised tokenomics, positions CIRUS to reach a high of $0.5 by 2030. Digital Coin Price offers a more conservative estimate, predicting a high of nearly $0.3 for CIRUS in 2030.
When looking for the best long-term investments in the crypto market, it’s vital to consider the specific developments within a platform and broader market trends, Bitcoin sentiment, and macroeconomic factors.
Potential Highs & Lows of Cirus Foundation Price
Below is a quick overview of the CIRUS price forecast from 2024 to 2030:
What Do Other Analysts Predict For Cirus Foundation?
Different analysts’ predictions highlight cautious optimism as well as ambitious expectations for CIRUS.
Investors should consider these forecasts as part of a broader analysis, considering the latest market trends, tech advancements within the Cirus platform, and overall sentiment in the crypto market.
It’s important to remember that these predictions are based on current trends and historical data, and the crypto market’s inherent volatility makes these predictions speculative.
What is the Cirus Foundation?
The Cirus Foundation is a unique platform that empowers individuals to own, manage, and monetize their digital assets, particularly data.
Founded by Daniel Bland, Samartha Nagabhushanam, and Michael Luckhoo, the Cirus Foundation aims to return value to the users, especially in the digital space where user-generated data is a key asset.
The platform aims to democratize data ownership, ensuring users reap the benefits of their online presence.
It is a Web3-powered platform that integrates various components like the Cirus Device, Cirus Core Platform, and Cirus Confluence Network to enable users to engage with the ownership economy.
Key Features and Goals:
- Data Ownership and Monetization: At its core, Cirus allows users to capitalize on their digital footprint. In the current digital economy, large corporations primarily benefit from user data. Cirus aims to shift this paradigm, giving control and financial benefits back to the users.
- Seamless Entry into Web3: The platform offers a multi-chain wallet and other tools to facilitate users’ interaction with the Web3 ecosystem, simplifying the management of digital earnings and cryptocurrencies.
- Cirus Score: This feature encourages active participation within the ecosystem, offering rewards and access to exclusive applications.
- Financial Inclusion: Cirus focuses on banking the unbanked, opening financial opportunities for a broader audience.
CIRUS Token And Network Security:
- CIRUS Token: The ERC-20 token on Ethereum/Polygon, with a total supply of 250 million, serves various functions like remittance, network rewards, and accessing Web3 applications.
- Token Distribution: The allocation includes ecosystem development, team/advisors, token sale, partnerships/grants, and liquidity/reserve
- Security: The network’s security is supported by audits from renowned firms like Hacken.
- Network Utility: Tokens are used for activating Cirus devices, remittance, bridging value transfer, and network validation.
Cirus Ecosystem Components
Together, these components form a comprehensive ecosystem that gives users control over their online data and offers avenues for monetization.
- Cirus Device: The Cirus Device is a multifunctional tool that integrates various features. It replaces the standard home internet router but with advanced capabilities. It’s an Internet of Things (IoT) sensory hub, a blockchain validator node, and a data collection tool. The device requires no significant change in user behavior. Users connect it to their internet, and it starts functioning as a gateway to data ownership.
- Cirus Core Platform: This platform takes the data collected by the Cirus Device and transforms it into a monetizable asset. It ensures that user data is managed per their permissions and privacy preferences.
- Cirus Confluence Network: This component is essential in increasing the scope of user engagement within the ownership economy. It is designed to allow seamless transactions and interactions across the network. The network supports transactions and interactions using Digital Keys backed by dynamic Non-Fungible Tokens (NFTs), improving the security and uniqueness of user data.
Cirus Foundation Overview
Price Change 24H
What Factors Influence the Price of Cirus Foundation?
It is important to know the factors affecting the CIRUS price to gauge its long-term potential. Here are some crucial factors that can affect CIRUS:
- Data Ownership and Monetization Initiatives: Cirus Foundation’s core mission to shift data ownership and monetization back to users is a crucial driver. The more successful it is in empowering users to capitalize on their digital footprint, the greater the potential demand for CIRUS tokens.
- Integration and Adoption of the Cirus Device and Platforms: The adoption rate of the Cirus Device, Core Platform, and Confluence Network plays a significant role. Widespread use of these platforms can increase the utility and demand for CIRUS tokens, impacting the price positively.
- Network Upgrades and Security Audits: Updates to the network, especially those improving functionality or security, can boost investor confidence, potentially affecting the token’s price.
- Web3 Adoption and Crypto Market Trends: As Cirus Foundation is a Web3-powered solution, the overall adoption and growth of Web3 technologies can significantly influence CIRUS’s price. Additionally, broader crypto market trends often impact the price movements of individual tokens, including CIRUS.
- Regulatory Changes in Data Privacy and Ownership: Legislative changes impacting data privacy, ownership, and monetization can affect Cirus Foundation’s operational model, influencing the token’s market demand and price.
- Global Economic Factors and Investor Sentiment: Macroeconomic factors such as inflation rates, global financial crises, or shifts in investment trends can indirectly influence the price of CIRUS. General investor sentiment in the crypto market can also play a role, with bullish trends leading to increased speculation and price growth.
- Strategic Partnerships and Collaborations: Partnerships that expand the use cases of the Cirus ecosystem or integrate it with other blockchain networks and services can increase the token’s value and utility, thus influencing its price.
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Cirus Foundation allows users to own, manage, and monetize their digital data, shifting control from corporations to individuals. It integrates Web3 while offering tools for easy crypto management and promoting financial inclusion through its ecosystem.
The platform’s growth plans and recently revised tokenomics hint at a potentially bright future. But analysts offer a range of perspectives on CIRUS’s future price, showing the unpredictable nature of the crypto market.
Investors should consider portfolio diversification to reduce their overall risk. However, choosing a reliable project with an upside from over 10,000 cryptos can be challenging.
Our ‘Best Cryptos’ page lists cryptos with high utility and potential. For more information, click the link below.