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BitDAO ($BIT) Price Prediction 2024, 2025, 2030

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Gambling and Finance Writer
Gambling and Finance Writer
Michael Graw
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Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

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BitDAO is one of the largest decentralized autonomous organizations (DAOs) and a massive backer of Web3 projects. After suffering losses throughout the crypto winter, the $BIT token has come roaring back. The question for investors now is whether BitDAO can deliver on its vision of a decentralized economy and generate returns for $BIT token holders.

In our BitDAO price prediction, we’ll dive into the $BIT token’s prospects in 2024, 2025, and 2030. Keep reading to find out where $BIT could go next and whether this governance token is a buy today.

BitDAO Coin Price Prediction 2024-2030

Here are the key things to know from our BitDAO price prediction:

  • Our real-time $BIT to USD price chart gives the current BitDAO price as $0.67 on October 4, 2024.
  • BitDAO just set a new all-time high of $4.46 on July 11 but dropped quickly. It now has a market cap of $1.24B.
  • We predict we will see BitDAO rise to a price of $1.75 by the end of 2024, then shoot higher to a price of $0.77 in 2025.
  • We anticipate BitDAO will become an important investor in Web3 and earn returns from successful projects, keeping the price of $BIT steady around $1.25 by the end of 2030.

Here’s our full BitDAO price prediction for 2024-2030:

Year Average Price Potential Low Potential High
2024 $2.43 $2.15 $2.71
2025 $0.77 $0.72 $0.82
2030 $1.25 $0.92 $1.67

BitDAO Price Prediction 2024

BitDAO has seen a volatile 2024 so far, gaining from January to April, then falling substantially from April to June, and then exploding 6x over a few days in July. While the explosive price movement was exciting, there was little fundamental catalyst behind it and the price of $BIT quickly faded from an all-time high of $4.46 to a price of $0.67.

The short-lived price jump doesn’t have much bearing on our long-term forecast for $BIT since it appears to have developed from a price squeeze rather than increased long-term demand from BitDAO token holders.

However, we’re still bullish on BitDAO in 2024. It remains the largest DAO in the crypto space and has a very large treasury valued at $2.4 billion. BitDAO effectively uses its treasury as an investment fund, making it similar to a VC investor for Web3.

BitDAO Treasury

That investment model is very attractive right now, at a moment when Web3 development is skyrocketing again and Bitcoin appears to be headed for a new all-time high. It’s likely that some investments BitDAO makes this year will deliver massive payouts in 2025-2030, increasing demand for the $BIT governance token and pushing up its price.

We predict that $BIT investors will view active investment in new projects as a positive sign for BitDAO, initiating a rush of demand for the $BIT governance token. We forecast a price of $2.43 for $BIT at the end of the year, a 106% gain from today’s price.

Here’s how we expect the price of $BIT to evolve over the remainder of the year:

MonthPotential LowAverage PricePotential High
November 2024$0.68$0.69$0.70
December 2024$0.69$0.70$0.72
January 2025$0.70$0.72$0.75
February 2025$0.70$0.74$0.77

BitDAO Price Prediction 2025

We’re bullish on BitDAO heading into 2025 because we think the project will benefit from several tailwinds for the crypto market overall.

First, Bitcoin could push to $200,000 by the end of 2025, taking much of the crypto market with it and drawing a huge number of new users into crypto. This would be a massive event for the growth of Web3, helping BitDAO’s existing investments to pay off rich returns and opening new opportunities for BitDAO to invest its treasury in.

Given how intertwined BitDAO’s governance token is with the health of Web3 development, we think a rising Bitcoin price will be closely correlated with a rising $BIT price.

Second, a more crypto-friendly stance from regulators in the US could open the door to even more Web3 development and investment opportunities for BitDAO. Former President Trump and his VP pick J.D. Vance are both heavily pro-crypto, and even Vice President Kamala Harris appears to be substantially more open to crypto than President Biden.

So, whoever wins in November, the crackdown on crypto could thaw and there could be many new opportunities for BitDAO to invest, encouraging demand for the $BIT token.

With these trends in mind, we think the price of BitDAO could hit a high-water mark in 2025. We predict a price of $0.77, with a potential high during the year of $0.82.

BitDAO Price Forecast Long Term Outlook – 2026-2030 Predictions

Our BitDAO price prediction for 2026-2030 is more conservative than in 2024-2025. We predict the token will mostly hold its value over this period, but that it won’t be able to grow past the all-time high set in 2025.

The biggest concern we have over BitDAO in the long term is that the supply of new tokens released to the treasury from ByBit, which created BitDAO, will dry up starting in 2026. These new tokens have ensured that BitDAO’s treasury is able to grow consistently, whereas after 2026 the project will be much more reliant on liquidity from investments that have paid off.

BitDAO and ByBit

BitDAO’s treasury was originally seeded with funds from ByBit, which received 60% of $BIT governance tokens in exchange. ByBit has slowly returned these tokens to the market as they have vested, reducing ByBit’s control over BitDAO and making $BIT available to a wider audience.

While we’re confident that BitDAO’s investments will deliver returns, this complicates the process of investing in new opportunities. BitDAO token holders must vote not only to invest in a project but also to liquidate existing assets to free up funds for the investment.

On top of that, it’s likely that BitDAO will have increased competition from traditional VC firms and other DAO investment vehicles by 2026. As money pours into Web3, more firms will jump at the potential returns, making it more difficult for BitDAO to invest early in promising projects. This impact may be modest, but it’s potentially enough to hold back the price of $BIT through the end of the decade.

With these factors in mind, our BitDAO price prediction for 2030 suggests an average price of $1.25 by the end of the year.

Here’s how BitDAO’s price could evolve from 2026-2030:

  • 2026: $0.87
  • 2027: $0.97
  • 2028: $1.08
  • 2029: $1.17
  • 2030: $1.25

Potential Highs & Lows of BitDAO

The macroeconomic factors that are most likely to influence the price of BitDAO are largely beyond the DAO’s control, introducing uncertainty into our price forecast for $BIT beyond 2025. With that in mind, we’ve put together maximum price and minimum price predictions for each year of our forecast:

Year Average Price Potential Low Potential High
2026 $0.87 $0.77 $0.98
2027 $0.97 $0.81 $1.16
2028 $1.08 $0.85 $1.34
2029 $1.17 $0.89 $1.51
2030 $1.25 $0.92 $1.67

Our BitDAO Price Prediction Methodology

Our BitDAO BIT price prediction is based primarily on fundamental analysis since we believe the $BIT token’s inherent value as a governance token for BitDAO treasury investments will be the main driver of the token’s price in 2024 and beyond. As part of our fundamental analysis, we considered macroeconomic factors that could impact the price of $BIT such as the price of Bitcoin, trends in Web3 development, and the regulatory environment around crypto development in the US.

BitDAO Price History

BitDAO launched on August 3, 2021, and the $BIT governance token launched at the same time at a price of $1.70 through MISO, a launchpad on Sushiswap.

Shortly after launch, in November 2021, $BIT hit a then-all-time high of $2.84. However, the project was hit hard by the crypto winter and saw the $BIT price fall to $0.42 by June 2022. It traded in a range from $0.30 to $0.50 for much of 2022 and 2023 before rebounding to $1.45 in April 2024.

From July 9-11, 2024, the price of $BIT exploded from $0.67 to an all-time high of $4.46. There was no clear catalyst behind the move, and $BIT quickly fell back to a price of around $1.10.

As of October 4, 2024, $BIT is priced at $0.67. It has a market cap of $1.24B.

Where Does BitDAO Trade?

BitDAO’s $BIT token is available for trading on Coinbase, Kraken, and Gate.io. It’s also available on decentralized exchanges like SushiSwap and Uniswap.

What Do Other Analysts Predict for BitDAO?

The recent price spike in $BIT made BitDAO price predictions popular. Here are several prominent predictions to compare against our forecast.

CoinCodex predicts a potential high for $BIT of $5.50 in 2025 and $4.69 in 2030. While their BitDAO forecast is higher than ours, CoinCodex echoes the trend we foresee of an all-time high in 2025 followed by a slight decline in price through the end of the decade.

CoinCodex

Digital Coin Price predicts a price of $2.72 for $BIT in 2025 and $8.38 in 2030. This BitDAO prediction represents a much more aggressive growth trajectory from 2025-2030 than we think is likely.

Digital Coin Price

Changelly predicts $BIT will trade for $2.64 at the end of 2025, in line with ours and other predictions. Changelly also forecasts a price of $9.38 at the end of 2030, indicating a very bullish outlook for $BIT.

Changelly

What is BitDAO?

BitDAO is a decentralized autonomous organization (DAO) designed to support the development of decentralized, open-to-anyone economies. It was launched through ByBit, the Singapore-based crypto derivatives exchange, with support from investors like Peter Thiel, Founders Fund, Sushiswap, Polygon, and others.

BitDAO’s $BIT is a governance token that enables token holders to have a say in what projects the DAO invests in using its treasury. Anyone can own $BIT and vote on investment proposals, and founders who want to propose projects for BitDAO to invest in do not need to own $BIT.

BitDAO and Mantle

Importantly, BitDAO recently merged with Mantle, an Ethereum Layer-2 network that BitDAO invested in early on and which has been a major success. BitDAO is in the process of rebranding as Mantle and converting its $BIT tokens to $MNT tokens at a 1:1 rate. After the merger, BitDAO will continue to function, but under the Mantle brand.

Coin NameBitDAO (BIT)
BitDAO Price$0.67
BitDAO ATH$4.46 (July 11, 2024)
BitDAO Price Change 24h▼ -1.98%
BitDAO Price Change 7d▼ -7.57%
BitDAO Market Cap$1.24B
Circulating Supply1.84B

Is BitDAO a Buy?

Based on our BitDAO price forecast, the $BIT token has the potential to deliver a 106% gain by the end of the year and a 14.77% gain by the end of 2025. On top of that, investors in $BIT will have a say in the DAO’s direction, including what Web3 projects it invests in as the crypto market undergoes a rapid expansion.

Our forecast and the $BIT token’s governance features make BitDAO an exciting choice for long-term investors who care about the future of Web3. However, it could also slightly underperform crypto majors like Bitcoin and many top meme coins, so not all active crypto investors will prefer $BIT.

Conclusion

Our $BIT price prediction suggests that BitDAO could reach a price of $1.25 by 2030, making it a moderately attractive investment. However, while there’s a lot to like about BitDAO, we don’t think it will be one of the best-performing tokens over the coming years. Check out our guide to the best cryptocurrencies to buy now for higher-potential picks.

FAQs

What will BitDAO be worth in 2025?

According to our BitDAO price prediction for 2025, $BIT will be worth $0.77 at the end of the year.

What will the BitDAO price be in 2030?

Our BitDAO price prediction for 2030 indicates $BIT will be worth $1.25 at the end of the decade.

Is BitDAO a good investment?

BitDAO has the potential to deliver a 172% gain by the end of 2025 according to our price prediction. However, this could lag behind gains in Bitcoin and other top altcoins, so $BIT may not be right for every crypto investor.

Can BitDAO reach $10?

It’s possible that BitDAO could reach $10 by the end of the decade, and some $BIT price predictions by other analysts suggest this will happen. However, our BitDAO price forecast is much more conservative and does not indicate $BIT can reach $10.

What is the max supply of BitDAO?

The maximum supply of $BIT is 10 billion tokens, with 30% of the total allocated to the BitDAO treasury.

References

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