The Frontier token shot up in September 2023, climbing by nearly 50% in less than two days. Although it has declined since, investors will be hoping FRONT can use this as a base for greater things. There have yet to be any further announcements about a proposed testnet and mainnet, which could help the crypto grow.
Frontier did not immediately respond to a request for comment.
But what is Frontier (FRONT)? How does Frontier work? Let’s see what we can find out, and also take a look at some of the Frontier Price Predictions that were being made as of September 29 2023.
Let’s examine some of the Frontier price predictions being made on September 29 2023. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
First, CoinCodex made a short-term Frontier price prediction that said the token would drop to $0.3804 by October 4 before recovering to $0.4546 by October 29. The site’s technical analysis was neutral, with 15 indicators sending bullish signals and 12 making bearish ones.
DigitalCoinPrice said that FRONT would reach $0.83 this year, while CaptainAltCoin said it would drop to $0.2736 by December. PricePrediction.net ’s Frontier price forecast had it fall to $0.17 in 2023.
Moving on, DigitalCoinPrice said Frontier would reach $1.33 in 2025. CaptainAltCoin thought it could get to $0.8201 that year. PricePrediction.net said it would be worth $0.39 in two years time.
Looking at a more long-term Frontier price prediction, DigitalCoinPrice argued the token would reach $4.10 in 2030. CaptainAltCoin claimed it would get to $2.05. PricePrediction.net had a FRONT price prediction that said it would trade at $2.48 at the start of the next decade.
Now, let’s examine the Frontier price history. While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a Frontier price prediction.
When FRONT first came onto the open market in September 2020, it was worth about $0.50. It hovered around that level for a while but shot up in early 2021. The market went through a bull cycle then, and Frontier hit an all-time high of $6.99 on February 17.
The token then dropped, closing the year at $0.6898.
2022 was a bad year for crypto, and Frontier performed poorly. It fell below $0.20 in May, following the collapse of the Terra (LUNA) blockchain. Any hopes of a recovery were smashed when the FTX (FTT) exchange declared bankruptcy in November. FRONT closed 2022 at $0.18, having lost nearly 75% of its value over the course of the year.
So far, 2023 has mostly been disappointing, but recent events have proven a boost for Frontier. FRONT climbed past $0.25 in February before going on a downturn which culminated in an all-time low of $0.1281 on June 15. This low came as the market struggled in the wake of the United States Securities and Exchange Commission suing the Binance and Coinbase exchanges. The token was able to recover, albeit with some ups and downs. On September 11, it was worth $0.1483 but, by the start of September 26, it was worth $0.4315.
The token then spiked and, on September 27, it peaked at $0.6381. This meant it climbed almost 50% in less than two days. By September 29, it had dropped back down and was worth about $0.398. At that time, there were 90 million FRONT in circulation out of a total supply of 100 million. This gave the token a market cap of about $36 million, making it the 463rd-largest crypto by that measurement.
Frontier has fallen by more than 35% in two days or so. However, its current price is still almost 170% higher than its September 11 low. Not only that, but it has recovered 210% from where it was on June 10 and it is up 120% since the start of the year.
It is difficult to tell. While FRONT has performed well over the last week or so, it may just have gone through a freak spike. Although the system does have a roadmap, large chunks of it are still yet to be carried out.
Investors might also want to note that Frontier does not have a whitepaper. Since there is no technical documentation explaining what the platform is or does precisely, they may want to take their money elsewhere.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in FRONT.
No one can really tell right now. While the Frontier crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Before you decide whether or not to invest in Frontier, you will have to do your own research, not only on FRONT, but on other, related, coins and tokens such as SafePal (SFP) or Trust Wallet (TWT). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
The Frontier crypto platform is, at its heart, a wallet. People who sign up to it can gain access to it via a private key. The system can integrate with other crypto wallets and decentralized applications (DApps).
A team led by crypto entrepreneurs Ravindra Kumar, Palash Jain and Vetrichelvan Jeyapalpandy founded Frontier in 2019. The platform is based on the Ethereum (ETH) blockchain.
The FRONT token supports the Frontier ecosystem.
Frontier uses native integrations which, put simply, means that it can interact with anything Web3 related in one place. Users can access everything they need in one place. Likewise, DApps can connect with potential customers easily and quickly.
The platform is also a blockchain aggregator. Again, this means people can work with different assets on different blockchains without having to change applications.
The FRONT crypto supports Frontier. It pays for transactions. People can also buy, sell, and trade it on exchanges.
Because Frontier is based on Ethereum, it is a token, not a coin. You might see references to a Frontier coin price prediction, but these are inaccurate.
On 29 September 2023, there were 90 million FRONT in circulation out of a total supply of 100 million.
It might do, but not for a long time. DigitalCoinPrice said it would get there in 2031, while PricePrediction.net said it would reach that level in 2032. Keep in mind that the token has not traded above $5 since early 2021.
The FRONT token pays for transactions on the Frontier platform. People can also buy, sell, and trade it on exchanges.
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Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.