What is Keep Network Price Prediction? [2022 to 2030]

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The Keep Network is a software aiming to incentivize a global network of computers to store private information that can be deployed on public blockchains via smart contracts.

Keep is the native cryptocurrency of the Keep Network, a blockchain designed to allow users to send data over public blockchains privately and securely. Keep’s flagship product is tBTC, a decentralized version of bitcoin created for use on the Ethereum blockchain.

In this article, we take a closer look at the Keep Network Price Prediction in case you were looking for more information about it.

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Keep Network Price Prediction

Table of Contents

What is Keep Network?

Keep is a network of computers created to store private information from public blockchains via smart contracts. Decentralized applications (dApps) running on public blockchains for example; Ethereum collects users’ private data to operate.

The Keep Network aims to address the privacy issue: it stores private data out of blockchains in “keeps”. Keeps represent containers that enable smart contracts to use and manage parts of the stored data without exposing it to the public blockchain. Nodes or computers that maintain keeps are known as keep providers. These computers get fractions of private data also called secrets via a random beacon protocol. This beacon protocol is a technique for trustless randomization.

Platforms that support smart contracts are on the rise. Examples that come to mind include Ellipsis, Nano, and Chromia.

Keep is the builder of tBTC, a safe and permissionless bridge between Bitcoin and Ethereum. The tBTC project is the only decentralized solution for BTC on Ethereum and is fully audited and insured. Users deposit their BTC in exchange for tBTC, an ERC-20 token that is fully backed at a ratio of 1:1. The keys to the bitcoin in tBTC are stored in Keeps, where they can’t be exposed to the public blockchain.

Keep Network’s random beacon is a mechanism that selects signers for deposits on tBTC. Since selection is random though weighted based on the amount a user has staked, all parties would need to collude in order to discover how much tBTC signers are minting and the identity of the depositor. Signing groups can’t operate unless they’re signing from a key that nobody knows. The idea is that no one knows who the signers will be including the signers themselves until the moment they are selected by the random beacon. This randomness ensures that signers are not able to collude to steal funds or attack the network.

KEEP Crypto Token Benefits

The KEEP crypto token provides sybil resistance that allows tBTC to be censorship resistant and permissionless. KEEP crypto holders can run tBTC, similar to running a full node. KEEP stakers play an even larger role as tBTC signers, who stake both KEEP and ETH to perform their tasks. When tBTC signers perform their functions properly, they receive fees in the form of KEEP crypto tokens. KEEP offers dividends on the network using a burn model.

Keep Network is designed to ensure privacy and security by keeping private data private. By using randomness to facilitate security and trustlessness, Keep Network is built to help further the vision of a secure, global, decentralized economy.

History of Keep Network

Keep Network was founded in 2017 by Matt Luongo and Corbin Pon, who both previously started Fold, a bitcoin shopping app. While working on Fold, the two found there was a need for better privacy tooling for Ethereum. Therefore, Matt and Corbin set out to build a new data layer that allows blockchain-based applications to store and access private information.

The network consists of node operators called signers that stake KEEP tokens to store and manage private data in exchange for a service fee. The token and staking mechanism discourage Sybil attacks as well as dishonest behavior (malicious acts can lead to signers losing a part of their stake). Signers are selected at random to store a given data submission through Keep’s core application, the Random Beacon. As a whole, the Keep system aims to ensure signers cannot co-opt and exploit the system or decode the private data stored in the protocol.

How Does the Keep Network Work?

Keep Network’s key feature is its ability to store private data, called secrets, outside the blockchain systems in keeps. Keeps allow blockchain-based applications to interact with secrets without fully exposing their contents through the use of smart contracts, which, when a specific criteria is met, can provide data, encrypted files or verification of a user’s identity to the application.

Computers or nodes who maintain keeps are known as keep providers and are assigned fractions of a secret using the random beacon protocol, an advanced cryptography technique for trustless randomization. When a user wishes to purchase a keep, they publish a request to the Keep Network, who in turn divide and mix their secrets, then send shares of them to different keep providers and return keys to the users to access the content of their keeps when needed.

Keep providers must stake a certain amount of KEEP that can be retrieved by the protocol should they be unreliable or negligent with the keeps. However, providers are incentivized through KEEP rewards for their services, including providing encryption, computation and storage services.

Tokenized Bitcoin

Keep Network’s first major project and use case is tBTC, a tokenized version of Bitcoin (BTC) that can be used on the Ethereum network and applications. Many applications have been built on the Ethereum network, and tBTC enables Bitcoin holders to get involved without selling their coins. Each tBTC is backed by a BTC. The token launched in September 2020 and an improved version 2 is in the pipeline.

Security

Keep Network carried out three independent security audits to ensure tBTC is secure. It is insured. It also encourages ethical hackers to uncover weaknesses through its bug bounty program.

Competition

KEEP is not the only token that’s trying to bring more privacy to blockchain. Monero (XMR) and Zcash (ZEC) were both designed with privacy in mind, and Cardano (ADA) and Internet Computer (ICP) both offer solutions to the question of digital identity.

Merger with NuCypher

Keep Network recently announced it would merge its protocols with NuCypher (NU). The new project will be called Keanu. The companies themselves will remain separate. Both sides believe that joining forces at this stage will allow them to become greater than the sum of their parts. Both networks will keep their own digital currencies, so KEEP tokens will not be directly affected.

Keep Network Price Chart

All 1 billion keep tokens were released during the project’s launch in 2020, meaning it is not an inflationary asset. Ten percent of keep was set aside for the founding team, 5% for early advisers and 25% for the developing entity behind the Keep Network formerly Keep SEZC. Keep also provided 5% to reward tBTC liquidity providers for participating in the ecosystem. The remaining 55% was distributed in private token sales and a stake drop.

Keep was first sold in two separate simple agreements for future token (SAFT) sales in 2018 and 2020 that made up 35% of the token’s supply. In June 2020, Keep held a public stake drop in collaboration with token staking provider Bison Trails to release 20% of the total supply of keep to users who stake ETH for a period of at least six months, which would be distributed to users gradually over the course of two years.

The price line on the KEEP chart peaked at its all-time high of $2.24 just a month after its inception on 22 May 2020. Within the next 10 days, the price of the token had fallen to $0.29, which was a plunge of 87%. After that, KEEP gradually rebounded to $1.51 on 16 August 2020, but didn’t manage to support the level above the $1.00 for a long time and slid down to its all-time low of $0.17 on 17 November 2020.

After that major crash, the cryptocurrency made another attempt to climb up to $1.00, but it failed. Having reached $0.76 on 10 April 2021, the price of KEEP fell to $0.25 and fluctuated within the range of $0.24 to 0.29 between June and August 2021. It had a mid October peak of $0.934 and briefly popped above $1 in November but from there it experienced a run of declining peaks. The last was in the New Year which was below the significant resistance level of $1.

Keep Network current price stands at $0.18 USD with a market cap of $141,989,688 and its fully diluted market capitalization is $163.11 Million, making it rank 154th in the most valuable coins list. KEEP has a 24-hour volume of $1,063,833. The price value of Keep Network has changed 0.26% in the previous 24 hours. In last 7 days, the price of KEEP token has had a change of -4.51%. It has a circulation supply/maximum supply of 793,457,835 coins.

Keep Network Price Prediction

Crypto price prediction can be difficult, especially for less popular altcoins like Keep Network. Fortunately, many crypto experts have given price predictions for Keep Network crypto. At the time of writing this article, the price of Keep Network stands at $0.18.

Long term keep network price predictions have also been made by various crypto experts, predicting that the price of the coin could go up to $1.6 by the year 2025. Gov Captial has a very negative outlook for the future of Keep Network. Gov Capital predicts that the price of Gov Capital will continue falling till it eventually reaches $0, making it worthless by the end of the year.

Wallet Investor also has a somewhat negative prediction for Keep Network, predicting that the price of the coin would fall to $0.15 by the end of the year.

For the long-term outlook, we can apply deep artificial intelligence-assisted technical analysis on the past price data of Keep Network to come up with Keep forecast/Keep Network price Prediction.

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 Keep price prediction information, this is not indicative of Keep network 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.

Keep network Price Prediction 2022

In 2022 the keep network price is expected to cross an average price level of $0.25.

The expected minimum price value of Keep Network by the end of that is $0.24. Moreover KEEP can reach a maximum price level of $0.28.

Keep network Coin Price Prediction 2023

There are signs that the crypto market is about to enter a new age. Certain that the long-term price prediction for keep’s price will soar since there is still optimism that the currency will attract much more attention. The year 2023 can end with an average trading price of $0.45 and a minimum price value of $0.44. The maximum value is expected to be trading around $0.51.

Keep Network Price Prediction 2025

KEEP will be seen as a better option, and with the huge crypto community Keep Network price will touch new highs. The price fluctuations are hard to predict, especially if the market is more bullish or bearish than ever. For the year 2025, the price of Keep Network will be almost $0.91. The maximum price that we can get is $1.07. Keep Network average forecast price at the end of 2025 could be around $0.94. A huge price turnover is expected within the range defined by the cryptocurrency market.

Keep Network Price Prediction 2026

In 2026 the KEEP price is expected to cross an average price level of $1.07. It is predicted that the minimum USD price of Keep Network by the end of that year could reach $1.04. Moreover KEEP can reach a maximum price level of $1.48.

Keep Network Price Prediction 2028

For long-term Keep Network price prediction, 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 keep network offers competitive programmable payment, logistics, and storage options. There is a chance that the average price of KEEP will rise to about $2.34 by 2028 if more investors are attracted to the idea. For 2028, the year could end with a maximum price of $3.37 and a minimum price level of $2.04. t

Keep Network Price Prediction 2030

The Keep Network value will increase because of the efforts of the network developers and community investors. Therefore, the calculated price for the year 2030 is bullish. KEEP was anticipated to touch a maximum price of $7.23 by the end of 2030, according to analysts. On the other hand, it is highly optimistic that the Keep Network’s future will ultimately grow. Therefore, the predicted average price of KEEP will be around $6.31 to $6.52 in 2030 depending on the market. As stated in the same slogan, the KEEP’s maximum price ranges from $6.31 to $7.23 for 2030.

Is Keep crypto a good investment?

There are several reasons you might like Keep Network as an investment. First, Keep Network’s price is currently pocket-friendly and you can start investing in the crypto with a small amount. The current price allows you to enter Keep crypto at a steep discount to its all-time high at a time when the market is expecting a breakout.

Also, if you’re seeking a token that gives you exposure to the DeFi sector, Keep crypto is worth considering. Keep crypto might also appeal to investors looking to earn interest through staking.

Conclusion

Keep Network seems to be in a dip right now however, there’s a lot of potential in the foreseeable future. Keep Network is a project that seeks to unlock the potential of DeFi apps. For example, it enables developers to build apps that can access private data while running on public blockchains.

The analysis indicates that keep coin upward trend momentum will continue, however 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 this Keep Network price prediction helps you.

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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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