Overview of Swipe

Swipe is a platform where businesses can create branded virtual or physical cards for their customers for transactions globally. Users can quickly launch their program with banking partners; Swipe will take care of the governance issue, compliance, and network economics.

Swipe Overview

Cryptocurrency Swipe
Ticker Symbol SXP
Price $0.4589
Price Change 24h +8.51%
Price Change 7d +1.12%
Market cap $242,388,082
Circulating Supply 485,895,981 SXP
Trading Volume $26,526,874
All time high $5.86
All time low $0.161
Swipe ROI +149.32%

Swipe tokens connect with major payments systems globally and help businesses to convert their cryptocurrency to stable coins or fiat-funded cards rapidly. Swipe card enables access to the master card, google pay, apple pay, and many more. It has a decentralized, Swipe network-enabled, cross-chain protocol on finance smart chain and Ethereum.

Swipe was founded by Joselito Lizarondo in 2018 with an aim to create crypto interoperability with traditional finance, and it was later acquired by Binance in 2020. Swipe has mainly three components, firstly, the main company which develops debit cards, Swipe API, Swipe swap, etc. Secondly, Binance -the main stakeholders partnered to bring developments. Swipe ecosystem, which includes decentralized application, community, and lastly its users.

Unique Features of Swipe (SXP) Coin

The SXP token is the native cryptocurrency of the Swipe. It powers an SXP ecosystem and governs the decentralized protocol. As per the Swipe token economics, the total circulating supply decreases when the network is more utilized. Swipe wallet can be used for payment for all the services provided by Swipe (SXP), creating proposals and voting for protocol changes; users can pay over 60 million merchants worldwide and use to participate in liquidity mining programs.

Market Sentiments and Price of Swipe Coin

The current price at which Swipe (SXP) trading in the market is around $1.27, with a trading volume of $112,514,804. It has a market cap of around $249,375,781, a fully diluted market capitalization of $308,057,039, and a maximum supply of 239,612,084 SXP. The highest price at which Swipe traded was $5.86 on May 03, 2021, while the minimum price was $0.161, which was two years ago. Technical analysis shows that Swipe price today is trading bearishly. Still, after the bearish signal formation, the sideways trading continues for the next few days.

Technical Analysis of Swipe

Swipe price prediction

After the bullish trend of SXP trades from July to September, the Swipe price bounces and hits $4.665 on August 23, September 7 is the dark day of the crypto market; the entire cryptocurrency market has plunged, breaking all the predictions. Swipe investors turn to sell Swipe mode and profit booking. The price of Swipe (SXP) has fallen from $3.925 to $2.134. SXP price continued a sideways trend without making new heights.

Swipe price forecast

The current price of Swipe (SXP) coin is around $1.27. The next immediate resistance level is $1.8; if it breaks the level, it will hit a resistance level of $2.35. The major resistance hurdle for the year is $3.52. Short-term technical analysis shows that Swipe cryptocurrency has to break the $1.8 resistance level to reach the Swipe price in the $2-$3 range. As per analysis, $3.52 is acting as a major resistance level to register a new high of Swipe (SXP), but it may not happen in the year since many factors always influence crypto coins and the crypto economy.

This is the trade set of Swipe (SXP) from the last month onwards, even though it gave massive profit for investors in the last year, last month a moderate loss booked. Swipe (SXP) was sideways in the parallel range of $1 to $2. As per the predicted level, it will turn bullish by breaking the sideways zone and catching the momentum soon.

Swipe forecast

The price of Swipe (SXP) is moving below its 20 EMA, 50 EMA, and 200 EMA, fear and greed index is placed at 4, which means the Swipe price could move in any direction, cryptocurrency enthusiasts are not sure about the Swipe (SXP) risk.

Swipe price predictions

Technical indicators for Swipe (SXP) price prediction are shown in the figure. The MACD line may cross the signal line in the upcoming sessions but is not strong enough to move up. Relative index strength (RSI) is placed at 37, which is neutral; the price neither indicates the ‘Buy Swipe Signal’ nor does it indicate the ‘Sell Signal’.

Market sentiments on Swipe price are neutral, and the same will continue for the week. Immediate support is placed at $2.3141, and major support levels are $0.62 and $0.15; breaking the $1 support zone can make a sudden fall in Swipe (SXP). As of now, technical analysis is not indicating a break down below the major support zone, and a rise above resistance levels can take Swipe (SXP) into a higher value zone.