Badger DAO Price Prediction 2023: Will BADGER Price Hit $10 in 2023?

Key Takeaways:

• Badger DAO price has undergone a significant jump in the past few weeks and soared over 100% to reach beyond $4
• Despite a depleted volume, BADGER is expected to maintain a firm upswing as the buying pressure has accumulated 
• The volatility is rising which may compel the price to deviate largely in the coming days, rising towards a double-digit target

Badger DAO Price History

• The Badger Mainnet was launched on December 03, 2020, with a base price of around $6 and maintained a similar trend until the end of the year
• The price further ignited a steep upswing to rise beyond $80 to mark ATH at $80.17, but soon fell back to its initial levels of around $6 by the mid and closed the yearly trade around $14.73
• After a massive upswing in 2021, the year 2022 remained largely bearish and dropped hard to mark the lows at around $2.12
• Despite the bulls dominating since the beginning of 2023, BADGER’s price maintained a stagnant trend without displaying larger price variations.

Read More: Pancakeswap Price Prediction 2023

Badger DAO Technical Analysis

Source: Tradingview

• The BADGER price underwent a notable upswing since the beginning of the year but presently facing acute hindrances in reclaiming the lost levels
• The price began to surge from 0 FIB levels, almost reached 1 FIB level at $4.43 where-in it faced a notable rejection and dropped to hit 0.236 FIB levels at $2.6
• The strength of the rally appears to have hampered to an extent as ADX is plunging along with the price facing its second rejection from 0.6 FIB levels
• However, the price quickly halted its bearish trend at 0.38 FIB levels which may uplift the price as a bullish divergence is seen with ADX
• Hence, with a slight change in the market sentiments, the BADGER price may quickly rise beyond 0.6 FIB levels and even reach beyond 1 FIB before the end of the month

Overview of Badger DAO On-chain Analysis:

Badger DAO Sharpe Ratio

Source: Messari.io

The Sharpe ratio determines the potential returns of a token with respect to the risks involved. It compares the return on investment with its risk. The higher the ratio the more risk is involved in trading the token. Meanwhile, a negative Sharpe ratio occurs when the investment return is lower than the risk-free rate. The ratio is considered a good trading strategy as it indicates the risks involved at a particular time. 

A higher Sharpe ratio indicates that the returns on the investment is higher but also include a higher risk. A good sharpe ratio is considered around 1.5 but the current ratio is close to 1 after rebounding from the lower levels at -6.55. Therefore, it signals that the rewards for the investment are increasing. 

Badger DAO Volatility

Source: Messario.io

The volatility of crypto refers to its price deviation. Healthy volatility usually opens up the opportunity for profit, while low volatility indicates the price remains more or less stagnant. The volatility also indicates the rate of participation of the investors as higher participation creates higher price deviation which increases the volatility. A raised volatility, however, does not flash bullish signals for the token as the price may deviate to either of the sides ahead. 

The volatility of Badger DAO has dropped severely in the first few days of 2023 to as low as 0.02. However, the levels rose to 1.18 and are currently hovering around 1.06 marking a higher rate of participation by the market participants. 

Additional Read: 1inch Price Prediction 2023

Badger DAO Price Prediction for 2023

Badger DAO has been severely impacted by the 2022 bear market as it dropped from the highs above 60 to as low as $2.1. Although the market turned bullish since the beginning of 2023, the BADGER price maintained a low-key trend without any major price fluctuations. However, the price gained some value, yet maintained lower levels than required to revamp a firm bullish trend. 

The price is closer to marking the end of the quarterly trade and is displaying very less volatility at present. Therefore, it may close the trade at around $3 to $3.1 and further maintain a notable upswing to reach close to $5 by the end of H1 2023. During the second half of 2023, the price may rise high towards $10 but may be restricted at $9 to $9.5 by the end. 

Badger DAO Price Prediction for 2024

The price may surpass $10 in the first few days of 2024 and without facing a notable pullback may rise high to reach a major resistance at $12.7. The bears may remain calm as they may jump to as high as $17 by the end of H1 2024. However, the bears may attempt to restrict the price and may drag it slightly lower but may not drop below $13. 

In the second half of 2024, the bullish trend may intensify and rise high to reach close to $20 in Q3 2024. Although the bears could interfere in between to slash prices slightly lower, the bullish momentum may remain for a long time. By the end of the yearly trade in 2024, the prices may rise beyond $20 to reach $25.

Badger DAO PRICE PREDICTION 2025-2030

The price may maintain a notable upswing in the first few months of 2025 and after marking the highs close to $30, a bear market may kick off. The price may remain in a bearish trend throughout 2025 which may follow in 2026. However, by the end of 2026, the price may begin to recover and further may form consecutive higher highs and lows in 2027, maintaining an ascend. 

Further, the price may intensify a firm upswing in 2028 and may reach levels close to $40 and aim to reach $50 by the end of 2028. The price is expected to start a notable bull run in 2029 and soar high beyond its ATH to form a new one close to $80 or may even reach a 3-digit figure in the first few weeks of 2030. However, the price could further begin a notable pullback and settle around $85 to $90.

Should you invest in Badger DAO in 2023? 

Badger DAO has been under an extremely bullish trend since the beginning and has displayed a significant price action. The price maintained its strength in times of bearish interference and signaled the possibility of a strong rebound in the coming days. However, before investing in any token, it is very important to carry out deep research on the project, its vision, the team, and the future roadmap. A detailed analysis of the price movements and chart patterns is also imperative to have proper risk management.

FAQs