The Frontier coin is a unique cryptocurrency that is designed to serve a particular role in a particular market segment. The coin doesn’t have a “use case” in a standard sense, but the market doesn’t yet have a coin that fits this role. The coin’s purpose is to serve as a “bridge currency” for some aspect of the Frontier market, and the Frontier market is a global network which is attempting to serve a particular use case.
Frontier is currently trading at $1.25, with $1,250,000 daily volume trading on Binance under the ticker “FRONT”. It reached an all-time high of $1.42 on January 1st, reaching a market cap of nearly $91,000,000 USD. The mainnet release of Frontier has been postponed to April 16th, but the team has been working to make adjustments to the network. After the network upgrade, it will be possible to use the Frontier token as a payment for transferring data as well as as a payment for accessing storage and computing resources.
We’re reaching the end of the year, but that doesn’t mean that Frontier price prediction is over. I’ll keep the Frontier price prediction thread up, even though it’s November. It’s always fun to try to predict what will happen with Frontier in the future, but I won’t be able to answer all your questions about Frontier price prognosis.
- The price range for a bullish FRONT forecast is $1.60 to $3.63.
- The FRONT price may rise to $3.50.
- For 2021, the FRONT pessimistic market price forecast is $0.80.
We utilize data, price trends, ADX, and other information about FRONT to evaluate the cryptocurrency’s future movement in FRONT price forecast 2021.
Frontier is a chain-agnostic DeFi Aggregation layer. Frontier allows users to keep track of and manage DeFi holdings, stake assets, trade or exchange assets, and learn about new DeFi apps all in one location. Frontier is also working on the Frontier chain, which is based on the Cosmos SDK and is a Decentralized Key Management blockchain.
Frontier’s Current Market Situation (FRONT)
The price of FRONT is $1.37, according to Coingecko, with a 24-hour trading volume of $26,475,968 at the time of writing. FRONT, on the other hand, has risen to 6.80% in the past 24 hours.
Furthermore, there are 46,006,250 FRONT coins in circulation. FRONT is currently traded on Binance, OKEx, FTX, Huobi Global, and CoinTiger, among other cryptocurrency exchanges.
Price Prediction for Frontier (FRONT) in 2021
Frontier (FRONT) is currently ranked 515th on CoinGecko. With a daily time period, FRONT price forecast 2021 is discussed here.
Descending Triangle Pattern FRONT/USDT (Source: Tradingview)
During downtrends, the descending triangle is most frequently observed and is generally taken as a negative indicator. In the descending triangle pattern, the rising triangle pattern is reversed.
Descending triangles signal to investors and traders that selling are more aggressive than buyers as the market continues to reach lower highs. The pattern is complete when the price breaks out of the triangle in the direction of the general trend.
A descending triangle may be bullish or negative, contrary to common perception. A regular descending triangle pattern is considered a bearish chart pattern in the past. On the other side, a descending triangle pattern may be bullish.
FRONT is now trading at $1.37. Following then, FRONT may continue to decline or increase, depending on the breakout direction. If the trend breaks out at the initial resistance level of $1.55, FRONT may reach the $3.30 barrier level shortly. If the trend continues, the price of FRONT may drop below $0.54.
Support and Resistance Levels on the Frontier (FRONT)
Frontier’s support and resistance levels are shown in the chart below (FRONT).
Support and Resistance Levels in FRONT/USDT (Source: TradingView)
The following are the resistance and support levels of FRONT, as shown in the preceding chart.
- $1.60 is the first level of resistance.
- $2.31 – Level 2 Resistance
- $3.63 – 3rd Level of Resistance
- Level 1 Support – $0.80
- Level 2 Support – $0.46
- Level 3 Support – $0.29
FRONT’s negative performance during the preceding month is shown in the chart. This trend, however, will shortly hit the $3.30 resistance level. FRONT, on the other hand, may fall below $0.54 if the trend reverses, signaling a negative indication.
Average Directional Index Frontier (FRONT) (ADX)
Let’s take a look at the Average Directional Index of FRONT (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
ADX FRONT/USDT (Source:TradingView)
The ADX of FRONT is seen in the chart above, with a range of 57.47, indicating a very strong trend.
Conclusion
The FRONT is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakout direction is verified, FRONT price forecast will be bearish or bullish. This year, though, it has a strong probability of hitting $3.30. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the FRONT ecosystem, FRONT’s performance is expected to increase to $3.30 in the near future. However, if investors think that FRONT is a solid investment in 2021, it might reach $3.50.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
It’s been a long road for Frontier to reach its current price of 0.0002, but it appears this cryptocurrency has finally gained enough momentum to surpass a few of its bigger competition, including Namecoin and MaidSafeCoin. Some predict that Frontier could be a top contender in the cryptocurrency market, and that it’s just a matter of time before it reaches a much higher price.. Read more about frontier coin news and let us know what you think.
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