Chia Coin Price Prediction: Forecast & Outlook [2023 to 2030]

Looking for a Chia coin price prediction?

You’ve probably come across the Chia cryptocurrency and are wondering whether it is worth taking a look at. Chia Network XCH (of which Chia belongs) is a blockchain and smart transaction platform that uses proof-of-space and proof-of-time to perform efficient transaction validation, called “farming,” powered by empty computer storage space.

Chia is hailed as a “green” alternative to Bitcoin because it utilizes a different way to mine rewards from the blockchain system that doesn’t use as much energy as the original cryptocurrency giant.

In this piece, we will take a look at the price predictions for the cryptocurrency a few years ahead.

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Chia Coin Price Prediction: Forecast & Outlook [2023 to 2030] 19

Chia Price Prediction

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What is Chia Coin?

The chia cryptocurrency is based on the Chia Network, which was set up by Bram Cohen, the creator of the file-sharing system BitTorrent.

Chia Coin Price Prediction: Forecast & Outlook [2023 to 2030] 20Chia coin is extracted by a process called farming as opposed to mining. This gives the impression of something gentle, agricultural and good for the environment. This is in contrast to bitcoin’s reputation for being detrimental to the environment.

The Chia crypto token is relatively new, only launched in 2018 by the founder of the decentralized torrenting client, BitTorrent. It had a successful launch and raised about $61 million in funding last May of 2021, backed by cryptocurrency venture capitalists.

XCH runs on the Chia Network and has its specialized programming language called the ChiaLisp. ChiaLisp is an enterprise-level programming language which makes it the most secure and transparent cryptocurrency.

Overview of chia

Chia is designed to be an international, digital currency that is harder to steal than cash.

Since its inception, the company has focused primarily on developing Chia Network’s blockchain. This blockchain is a global, open-source, decentralized network of computers that operates a payment settlement system and uses a native cryptocurrency known as Chia or XCH.

It reminds me of crypto networks like Cartesi (CTSI), Ontology, and Telcoin that also have unique utilities.

This chain aims to be a more efficient cryptocurrency settlement network than Proof-of-Work (PoW) networks like Bitcoin or Ethereum.

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Chia aims to address the shortcomings of Proof of Stake (PoS) and Proof of Work (PoW) such as centralization and electricity consumption by using a novel consensus mechanism called “Proof of Space and Time” (PoST). PoST intends to use less energy without compromising network security.

This mechanism is a combination of two separate proofs. Proofs of Space harnesses unused disk space and rewards owners of empty space for “farming” new blocks. Proof of Time adds security and time predictability to the network. The addition of this Proof of Time mitigates the attack vectors associated with Proof of Space.

Chia Network also features a new smart transaction programming language and on-chain development environment called Chialisp. The team claims that Chialisp is powerful (flexible) yet easy to audit. The project expects Chialisp will enable developers to build a wide range of network capabilities and services on Chia, including cross-border payments and the issuance of financial assets like stablecoins.

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How Chia Works

Chia works through the proof of space and time concept. To understand the main differences between the two, you first have to know how proof of work operates.

Simply put, proof of work is a system where individual computers compete to answer arbitrary mathematical computations to win the blockchain, called the ‘hashes.’ The winners get the reward.

Hashes require extensive calculations to solve, so ‘miners’ (as in the proof of work system) with the highest computing powers are the ones who will win the majority of these blocks. Computers also need to be turned on 24/7 not to miss a chance to work on a new block.

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In contrast, proof of space and time takes advantage of computer hard drive space. Operators, called “farmers,” will “plot” out about 100 GB of space in their hard drives. The Chia Network will then store those plots with numbers.

After that, the network will send out a unique, random string of numbers to farm the blockchain, and whichever “plot” of space has all of those numbers will win the block.

The more hard drive space you have, the more random numbers you will store. This translates to a higher chance of winning the next mining block.

All the while, the network will also need to verify that you’re not cheating the system by saying that you’re storing the numbers even while you’re not. To do this verification, Chia will also keep pre-made calculations in the plots of space, and every once in a while, will send out a query for those calculations.

If your computer responds, then it has proved that it’s currently storing the numbers at the predefined plot at that point in time. If not, then it will be removed from the round. This happens simultaneously with farming.

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Chia Price Chart

Chia Network as I write this currently stands at $86.04 USD with a market capitalization of $241,473,536, making it rank 269 in the most valuable coins list. XCH has a 24-hour volume of $13,933,556. The price value of Chia Network has changed -5.4% in the previous 24 hours. In last 7 days, the price of XCH has a change of -12.85%. It is limited to a maximum supply of 2,806,430 coins.

Chia enabled trading on May 3, 2021, which saw the currency off to a great start, surging to the all-time high of $1934. Later the price floundered a little, but still, Chia enjoyed high prices through most of the first half of May, especially towards mid-month — probably in the aftermath of Elon Musk’s remarks about the Bitcoin’s energy consumption, thanks to Chia’s clever positioning as a green alternative to Bitcoin.

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Despite reaching such great heights (more than $1600 on May 15), later Chia prices plummeted to the lows in the $600 — $700 range in a matter of days, which might have been caused by the news of the hard drive shortages caused by farming, together with the initial wave of interest subsiding. That being said, in the middle of June 2021, Chia’s price began to consolidate, mostly trading between $350 and $450, which may indicate that an uptrend is coming soon. Together with the Chia team’s ambitions, such as doing an IPO in the near future, this makes Chia the one to watch.

The summer season was signified by the overall bearish tendencies of the cryptocurrency market, and Chia Network token price started to fall down. On June 22 the coin was already traded for just $230, reaching the lowest level of the period.

From the end of June asset’s price got stabilized and for the next month, it was traded around $220-$240. At the end of July, the price dropped even lower but started to recover in August as the whole market went up, though XCH couldn’t break through the resistance level of $261.

Even when most of the assets started gaining the price in September, the Chia Network coin’s value stayed low, and after short rising to $273 on September 6, the asset continued to fall, reaching $147 on September 29.

In October the price couldn’t go higher than $170, most of the time being traded for around $155. In the first half of November, the token managed to reach $208 but was shortly pulled off back to the level of $140.

Ever since that time XCH was in a constant downtrend, without any signs of a price recovery. In February 2022 the token was traded around $80-$85, but from February 20 it has stayed below $70. The current price is $41.91 per XCH. Chia is 97.83% below the all time high of $1,934.51. The current circulating supply is 4,365,830 XCH.

Many of the experts assume that the coin will move along with the Bitcoin market and can increase in value over time. But there is also an opposite opinion about the token and most of the experts predict the token to continue losing its value, which can shrink to $12 by the end of 2022.

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Chia Price Prediction

Chia forecast price predictions/XCH forecast is forecasted by applying deep artificial intelligence-assisted technical Analysis on the past price data of Chia XCH.

All the historical data for the Chia is collected which includes multiple parameters like past price of Chia, Chia market cap and Chia volume.

If you are looking to invest in digital cryptocurrencies and want a good return on your investments, make sure to proceed in this read to get a good understanding of the ontology price and predictions.

Disclaimer

Before we even start this, I should clarify that past performance is not indicative of future results, and you should always approach trading with a set of fundamental principles that guide your trades. Historical data and technical price analysis help but they are not always conclusive. That being said, we have to acknowledge that crypto prices are arguably the hardest ones to predict because they are complex instruments we are still learning about. That shouldn’t stop you from taking into account experts’ opinions and forecasts when investing because they may give you a different perspective concerning factors that may affect future price forecasts of the cryptocurrencies.

Although we have Chia XCH price prediction information, this is not indicative of Chia price forecast.

This is not investment advice and you will be better off doing your own research before getting involved with the crypto market. If possible, talk to your financial advisor if you intend to invest in the crypto market because if you get it right, historical price analysis can help.

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Chia Price Prediction for 2022

Chia Network present price range might interest many traders. XCH could have a maximum price of $122.91 by 2022 with substantial cooperation with financial institutions if the following requirements are satisfied. The minimum price is expected to be $104.47 with an average price of $107.91 for 2022, it can beat the latest price trend to reach new highs.

The price tagline can vary as the crypto market can see another bullish trend on its way to 2022.

Chia Network Price Prediction for 2023

XCH has a huge potential, with certain collaborations and innovations the number of users and adoption may increase. If the market concentrates on investing in Chia Network, the price might rise much higher. By 2023, it can reach a maximum price of $182.08.

The year 2023 can end with an average trading price of $159.85 with a minimum price of $155.54 and the maximum price level of $182.08.

Chia Crypto Price Prediction for 2024

A seamless approach to this currency may be found on many websites and forums. In the opinion of this prediction platform, Chia Network will steady at its current price for a very long time to come.

By 2024, the XCH is expected to be worth a maximum value of $263.92. The minimum price value can go up to $2225.85 if the market gets bullish. The average forecast price is expected to be $232.25,

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Chia XCH Price Prediction for 2025

For long-term Chia Network price predictions, basic analysis is essential. In terms of industry benefits, the native token offers a few. The digital economy’s autonomy makes it ideal. As DAPPs and stable coins develop, the network offers competitive programmable payment, logistics, and storage options.

There is a chance that the chia price will increase with the average price being $3337.50 by 2025 if more investors are attracted to the idea. For 2025, the year can end with a maximum price of $388.73 and a minimum price level of $328.21.

Chia Price Predictions for 2026

The Chia Network value will increase because of the efforts of the network developers and community investors. Therefore, the calculated price for the year 2026 is bullish. XCH was anticipated to touch a maximum price level of $561.14 by the end of 2026, according to analysts.

On the other hand, it is highly optimistic that the Chia Network’s future will ultimately grow. Therefore, the predicted average price of XCH will be around $467.14 depending on the market. As stated in the same slogan, the XCH’s minimum price is expected to be $450.26 for 2026.

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Chia Price Forecast for 2027

It appears that by 2027,Chia Network (XCH) prices will have reached a level similar to their previous all-time high. By 2027, it is expected that the average price will be $704.72. If everything goes smoothly, it is predicted that the maximum price of Chia Network could be up to $781.00 and the minimum price could be $682.36

Of course, there are chances that the market will dump after a long bull run which is normal for cryptocurrency market.

Chia Network Price Forecast for 2030

Volatility drives the cryptocurrency market. Today, it is not easy to forecast and keep up with the current pricing. Many crypto analysts come into play in this regard. The pricing forecasts are correct for the mentioned years. Crypto consumers are still concerned about the crypto bans and new restrictions.

However, Chia Network price may cross $2,438.73 if the market sees a good bull run in 2030. Given that it is expected to be held by long-term investors, its average price for 2030 will be around $2,164.80.

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Conclusion

Although Chia XCH seems to be in its infant stages, there’s a lot of potential in the foreseeable future. Chia aims to bridge a gap that exists in international money transactions in a cost efficient and reliable manner.

Although the analysis indicates that Chia XCH upward trend momentum will continue, the future price is also subject to market forces that often dictate how cryptocurrencies will perform. That being said, you should not ignore the fact that the market, particularly that of cryptocurrencies is inherently volatile. I hope that this Chia coin price prediction piece was of help to you.

Before you leave

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Chia Coin Price Prediction: Forecast & Outlook [2023 to 2030] 19

David Fortune

David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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