Although FEG is relatively new in the crypto world, it is not relenting in its bid to be relevant in the market. The Feed Every Gorilla network has made remarkable progress in 2021 despite being relatively new. With projects like FEGex, FEGroox, etc., added to the ecosystem, one can see the significant progress made. However, a series of unfortunate events might put the FEG project at a disadvantage.
FEG Token is on the rise this week. The price of FEG Token has risen by 6.70% in the past 7 days. The price declined by 0.62% in the last 24 hours. In just the past hour, the price grew by 0.16%. This FEG Price Prediction will help you make a smart decision about FEG Token.
FEG Token Swap Contracts Exploited
On 16th May 2022, a post on Twitter by ‘Feg’ about an anomaly on Feg swap contracts would result in the unraveling of two hacks that led to the platform losing over $30M in a span of hours.
The course of Events:
- On 15th May at about 8.20 PM UTC, the Feg Swap to Swap functionality on BSC and Eth chains was hacked.
- Certik provides a breakdown of how the BSC chain is exploited of 915BNB as shown in the link below. Peckshield shares similar concerns. https://bscscan.com/tx/0x77cf448ceaf8f66e06d1537ef83218725670d3a509583ea0d161533fda56c063
- Feg team sends out a tweet about an anomaly on Feg token swap contracts affecting BSC and Eth chains.
- Trading of Feg on Fegexchange is paused. Feg tokens on other exchanges are not affected.
- About four hours later, the Feg team is working on a new swap contract as the first is abandoned.
- At about the same time, a second similar attack is made on the swap contract. The attacker gets away with about $1.9M of BNB and ETH.
- FEG partners with Peckshield to try and stop the attack.
- The attacker would later send the funds to Tornado cash to wash the money. The transaction link below shows how some of these funds were sent to Tornado Cash.
FEG token is way out on the higher end of the risk spectrum with its market capitalization of $245 million. Being around #3373 in terms of token rankings by market cap makes FEG a very speculative, high-risk, high-upside pick, as one analyst pointed out. What’s going for this coin and why should you include it in your portfolio?
Today’s FEG Token price is $3.49e-10 USD with a 24-hour trading volume of $215,615. FEG Token is down 2.32% in the last 24 hours. The current CoinMarketCap ranking is #3306, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
Read Also: How to Buy FEG Token
What’s happening with FEG?
FEG announced their partnership with Chiwawa (a Smart NFT platform) on 12 December 2021 and will be powered by FEG’s fWrap pairings, SmartDeFi and SmartNFT.
CHIWAWA PARTNERSHIP
We will officially partner with https://t.co/JusUIfLTBS which will be a monster project. A Multi-Verse that will have Arenas, Stadiums, Games and Convention Centers. (Site under development still, basically its a place holder).
— FEG (Feed Every Gorilla) (@FEGtoken) December 11, 2021
So far, this is their only partnership to date but there are partnerships to be expected in 2022 and beyond.
Proposed developments
FEG is looking to explore the world of SmartDeFi and they are currently in the third stage of testing. FEG will probably be the first token to adopt SmartDeFi and if this is successful, it has every likelihood to be a ground-breaking development because according to the developers, SmartDeFi defies the very laws of physics as the baseline will go up with every token sold as opposed to the normal way of going down. It will also help to eliminate pump-and-dump schemes.
Decided to close 2021 with a bit of an update – testing round 3 for Smart DeFi Deployer started yesterday. Our testers are actively trying “to break” SD Deployer.
The work never stops#SmartDeFi #FEG @FEGtoken @lifeisdefi
— FEGfannek (@FEGfannek) December 31, 2021
FEG Token Overview
The FEG Token is revolutionizing the way decentralized finance (DeFi) is structured. FEG Token is dedicated to completely re-imagining and expanding how DeFi operates while also providing the most robust ecosystem ever created for DeFi’s many needed improvements.
The goal of FEG is to create a decentralized transaction network that runs on the Ethereum blockchain. Market fluctuations will drive FEG’s evolution, but the system it operates on makes it likely to succeed.
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 FEG
FEG
|
FEG | $ 0.000000 | $ 13.58 M | 0.81% | 40.65 | $ 159.80 K |
How does FEG token work?
FEG is a deflationary cryptocurrency with a maximum circulating supply of 100 Quadrillion units on the Binance Smart Chain and Ethereum networks. On each transaction, a total tax of 2% is levied; a tax of 1% (reflections) will be given to holders of the FEG Token, and a further tax of 1% will be burnt permanently, thus incentivizing holders to hodl while also lowering the circulating supply over time.
As a result of the decreased supply, the token’s scarcity rises. A supply and demand model is created as a result of this inversely proportional connection. Furthermore, the number of tokens that may be destroyed is limitless. As a result, the value of the FEG token will continue rising.
Brief history of FEG Token
The FEG token creators remain hidden, which may be a concern for some crypto investors. Nobody will be held responsible if FEG token decides to cash out and abandon its platform if no available team is behind the project.
In 2021, the cryptocurrency began trading on Binance Smart Chain and Ethereum. Because there is a fixed amount of 100 quintillion tokens in circulation, the currency was worth little per unit.
Many of the tokens have already been destroyed since the start. On Ethereum’s network, approximately 58 quadrillion FEG coins have been destroyed, and on Binance Smart Chain’s network, about 56 trillion. The maximum supply left is around 42 quadrillion tokens on Ethereum and approximately 44 quadrillion tokens on Binance Smart Chain.
The FEG ecosystem
FEG Token is a hyper-deflationary token with a maximum circulating supply of 100Q (quadrillion) on both the Ethereum blockchain and the Binance Smart Chain that involves an inaccessible burn wallet. Depending on each holder’s percentage of ownership, a 2% transaction tax is distributed among all holders—this includes the burn wallet, which is essentially a holder that collects more tokens over time as transactions occur.
As the circulating supply decreases, the scarcity of the token increases. This inversely proportional relationship constitutes a supply and demand model. There is no limit as to how many tokens can be burnt. Without a burning limit, holders get to enjoy a never-ending cycle of passive income with positive price pressure
Decentralized
There is no single primary owner of the token since it is entirely decentralized. All decisions are made with the community’s interest in mind.
Burn rate
Every transaction results in a 1% burn rate, which reduces the supply of FEG over time.
9 FEG Burn Mechanisms:
FEG 2% Tax on 3 Tx’s:
(3) Buys/Sells/Transfers burn FEG
-1.1708%(+)/ transaction FEGeth
-1.1399%(+)/ transaction FEGbsc
— FEG (Feed Every Gorilla) (@FEGtoken) September 30, 2021
Rewards
To discourage weak hands, FEG provides its holders with a 1% tax on each transaction.
Further development
It is expected that FEG will continue to expand into the cryptocurrency market by releasing specific items that will guarantee the token’s long-term viability.
Pros and Cons of investing
The FEG token is one of the most volatile crypto assets, comparable to Dogecoin. These cryptocurrencies change in price with great frequency. Celebrities’ and public figures’ endorsements or lack thereof can cause fluctuations in the market.
However, venturing into cryptocurrency can be a smart decision, while it might also disappoint. Based on anticipated USD projections, the following are some of the benefits and drawbacks of investing in FEG Token.
Pros
- The FEG token has a strong potential to grow in a bull market, according to recent FEG token price forecast.
- FEG is a great example of a relatively new cryptocurrency that has been driven by quality growth and market demand.
- Because we’re in a bull market, most tokens should rise in value. FEG Token is no exception, and if the bull run lasts for an extended period of time, FEG Token prices on the Binance exchange may reach new all-time highs.
Cons
- Many individuals make investments with the intention of generating more money. However, making an investment in FEG may result in significant losses, as the market is unable to guarantee consistent growth on a regular basis.
- Trading with FEG may be successful only if you keep up with crypto news and are aware of any events that might significantly or minimally impact the forecast price.
FEG Token Price History
The current price of FEG Token is $0.000000001796 with a 24-hour trading volume of USD 464,563. Its current market cap is $73.89 million.
FEG has reached Fib 78.60 and it will go to the moon very soon.
Don’t miss the train, HODLER finally can have a smile.
This is just an Idea, Not financial advice.
FEG token price prediction Source: TradingView.com
FEG/USDT chart doesn’t exist on the Tradingview so I analyzed FEG/ WETH chart.
FEG/USDT prices:
buy point:2*e-9 rocket launch time: 18 September
tp1=2*e-8 (%1000 gain in 3 days)
tp2=3*e-8 (%1500 gain)
tp4=4*e-8 (%2000 gain)
Source: TradingView.com
FEG Token Price Prediction (Update)
FEG Token Technical Analysis
The FEG token price chart shows a looming upward trend despite the engulfing bearish sentiment that has recently taken over the entire crypto market. The past price action of the FEG tokens indicates a price increase from over time, and the predictions indicate a continuation of the long-term growth pattern. Despite the current prices declining, as indicated by the reduction in the 24-hour trading volume by 10%, the token’s future price actions remain relatively optimistic.
Looking at the FEG token price chart, the trends show that the price has recently recorded a minimal increase of 0.12% within the past 24 hours, indicating a possible reversal. FEG token analysis remains bullish for the long term, despite the current short-term bearish trend witnessed on its price chart.
FEG Token Price Predictions by Cryptopolitan
| Year | Minimum Price | Average Price | Maximum Price |
| 2022 | $0.0000000003440 | $0.0000000003510 | $0.0000000003690 |
| 2023 | $0.0000000003490 | $0.0000000003620 | $0.0000000003800 |
| 2024 | $0.0000000003740 | $0.0000000003930 | $0.0000000004150 |
| 2025 | $0.0000000003970 | $0.0000000004510 | $0.0000000005740 |
| 2026 | $0.0000000004080 | $0.0000000005560 | $0.0000000006510 |
| 2027 | $0.0000000004970 | $0.0000000006980 | $0.0000000008110 |
| 2028 | $0.0000000006340 | $0.0000000007050 | $0.0000000009920 |
| 2029 | $0.0000000007440 | $0.0000000008750 | $0.0000000010700 |
| 2030 | $0.0000000010440 | $0.0000000012040 | $0.0000000015500 |
| 2031 | $0.0000000010850 | $0.0000000014370 | $0.0000000016370 |
According to Cryptopolitan, the price of FEG tokens will increase over time. The analysis indicates a slow but progressive growth in the price of FEG tokens from 2022 to 2031. Based on the analysis, the FEG token could be a good investment option for long-term crypto enthusiasts looking to hold the token for longer-term periods.
FEG Token Price Prediction 2022
Our FEG token price prediction 2022 is a maximum of $0.000000000369. We can expect FEG price to be around an average of $0.000000000351 and a low of $0.000000000344 for the same year. The prices are expected to start recording significant growth rates from 2023.
FEG Token Price Prediction 2023
Our FEG token price prediction 2023 is a maximum price of $0.000000000380. We can expect FEG price to be around an average of $0.000000000362 and a minimum price of $0.000000000349for the same year. The prices here appear to establish a solid support level for further price gains
FEG Token Price Prediction 2024
Our FEG token price prediction 2024 is a maximum value of $0.000000000415. We can expect FEG price to be around an average of $0.000000000393 and a low of $0.000000000374 for the same year. By 2024, the support level appears strong, and the FEG price prediction appears bullish onwards.
FEG Token Price Prediction 2025
Our FEG token price prediction 2025 is a maximum of $0.000000000574. We can expect the FEG price to be around an average value of $0.000000000451 and a low of $0.000000000397 for the same year. The prices begin to grow rapidly as price volatility increases in 2025.
FEG Token Price Prediction 2026
Our FEG token price prediction 2026 is a maximum of $0.000000000651. We can expect FEG price to be around an average of $0.000000000556 and a low of $0.000000000408 for the same year. An exponential growth rate is witnessed, indicating a solid bullish trend that could spill over to subsequent years.
FEG Token Price Prediction 2027
Our FEG token price prediction 2027 is a maximum of $0.000000000811. We can expect FEG price to be around an average of $0.000000000698 and a low of $0.000000000497 for the same year. A clear increase in demand for FEG tokens is sparked, shown by the predicted sharp increase in the value of the FEG coin.
FEG Token Price Prediction 2028
Our FEG token price prediction 2028 is a maximum of $0.000000000992. We can expect FEG price to be around an average of $0.000000000705 and a low of $0.000000000634 for the same year. Price fluctuations are experienced in 2028, as the estimated prices show a wider range of market values throughout the year.
FEG Token Price Prediction 2029
Our FEG token price prediction 2029 is a maximum of $0.0000000010700. We can expect FEG price to be around an average of $0.0000000008750 and a low of $0.000000000744 for the same year. The bullish trend will continue consistently in 2029, indicating a strong interest in FEG coins.
FEG Token Price Prediction 2030
Our FEG token price prediction 2030 is a maximum of $0.0000000015500. We can expect FEG price to be around an average of $0.0000000012040 and a low of $0.0000000001044 for the same year. The wide gap between the minimum and maximum price of the FEG token shows increased price volatility, witnessed by the token’s price actions setting higher highs and lower lows in 2030.
FEG Token Price Prediction 2031
Our FEG token price prediction 2031 is a maximum of $0.0000000016370. We can expect a FEG average price of $0.000000001437 and a low of $0.000000001085 for the same year. The price of the FEG token is predicted to continue in an uptrend even past 2031.
FEG Token Price Prediction by Walletinvestor
The Walletinvestor platform is bearish on the long-term price prediction of the FEG token, terming it as a bad investment that could potentially lead to a loss of value for crypto investors. The platform predicts that the FEG token could trade below the current price for a one-year price forecast. The one-year forecast is $0.00000000003.
FEG Token Price Predictions by Industry Influencers
Industry influencers generally appear to take an optimistic stance on the FEG coin’s future price. Most price predictions indicate anticipation of price growth over the long term, encouraging FEG token investors of potentially profitable future holding the token.
Verdict
On each FEG transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply over time. As the supply decreases, the scarcity of the token increases. This inversely proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt. Without a burning limit, you know what happens next.
Taking a look at recent developments and the proposed ground-breaking development scheduled to be released anytime from now, you will agree with me that the growth of FEG is inevitable. The ecosystem is continually increasing and 2022 is another year that would herald additional developments. They would be more aware of the FEG token, too.
Also, the proposed SmartDeFi is poised to change the game for FEG as buyers will know the risk ratio before they even get to trade. SmartDeFi will increase the burn rate of FEG. They also are planning to implement SmartNFTs, hence the partnership with Chiwawa.
The attack could not happen at a worse time. The crypto market has been trading in bear markets this year. The Luna crash earlier in the month was sending altcoins tumbling. The attack led the Feg token to lose over 99% of its value. It remains uncertain whether the team will be able to recover the funds.
The FEG token price predictions above cover the projected minimum price, maximum price, and average price forecast of the FEG coin. The FEG token price forecast indicates a positive sentiment for the entire ecosystem, assuring crypto holders of the FEG token’s future. Before making any investments, crypto holders should consider the predicted minimum price value of the token and conduct adequate research to determine their risks.
The future looks uncertain for FEG from 2022 and beyond but with greater transparency about the founders, some might just regain confidence in NOT selling their FEG tokens. The FEG Token market is relatively small compared to traditional markets, and “whales” can single-handedly have a big influence on FEG Token’s price movements.