USD Coin or USDC is the second-largest stablecoin right after Tether (USDT), launched by Circle, a Boston based fintech organization. Similar to Tether, USDC is also pegged to the United States dollar, and backed by U.S. Treasury bonds. Since its initial launch in September 2018 for a price of $1.0043, USDC has reached an all-time-high of $1.0436 (31/1/2020) and presently stands at $0.9999.
As the world of cryptocurrency goes through a phase of uncertainty, stablecoins such as USDC is a great alternative for investors to keep their money decentralized. Amidst SEC crackdown on FTX, Binance, and more, speculations have risen on the digital asset building sector. In such a situation, USDC creates a safe haven as it is strongly backed up, quite stable, and has several use cases too.
However, is it the best investment choice in 2023? Find out in this article where we analyze USD coin, discuss fundamental and technical analysis with price predictions from 2023 to 2050.
Is USD Coin (USDC) a Good Investment?
Stablecoins such as USD Coin are always a better investment due to their stability reputations, which also indicates that it will not be increasing massively. Investing for profits in USDC is probably not the best idea but it can definitely protect your dollar from hyperinflation but that too till a certain point.
As the crypto token is backed by U.S Treasury bonds, it can fluctuate in price if the dollar starts losing value. So, you can invest in USDC to make your money decentralized but that’s the most and for proper returns, you should conduct research on other tokens.
Keep reading to find out why we think that there are better investments over USD coins.
USD Coin (USDC) Price History
Date | Min Price | Max Price |
Dec 2018 | 0.9785 | 1.0428 |
Jan 2019 | 0.9891 | 1.0448 |
June 2019 | 0.9918 | 1.0390 |
Dec 2019 | 0.9815 | 1.0344 |
Jan 2020 | 0.9884 | 1.0518 |
June 2020 | 0.9825 | 1.0126 |
Dec 2020 | 0.9921 | 1.0089 |
Jan 2021 | 0.9970 | 1.0032 |
June 2021 | 0.9993 | 1.0102 |
Dec 2021 | 0.9980 | 1.0019 |
Jan 2022 | 0.9988 | 1.0013 |
June 2022 | 0.9995 | 1.0013 |
Dec 2022 | 0.9993 | 1.0005 |
Jan 2023 | 0.9990 | 1.0007 |
June 2023 | 0.9992 | 1.0022 |
USD Coin Price Prediction from 2023 to 2050
If you are looking for price predictions of USD coin (USDC), we conduct thorough research of every aspect that can influence the prices in real life. Below is a quick chart followed by detailed forecasting. For more details on technical analysis and market sentiment, keep reading till the end.
Year | Min Price | Avg Price | Max Price |
2023 | $0.98032 | $0.99988 | $1.00025 |
2024 | $0.97689 | $0.99802 | $1.00130 |
2025 | $0.98415 | $0.99907 | $1.00056 |
2030 | $0.99932 | $1.00050 | $1.00182 |
2035 | $1.00010 | $1.00889 | $1.01103 |
2040 | $1.00071 | $1.01084 | $1.08095 |
2045 | $1.00103 | $1.01040 | $1.02068 |
2050 | $1.01689 | $1.23508 | $1.36407 |
USDC Price Prediction 2023
Forecasting for USD coin suggests that by the end of 2023, we can see a maximum high of $1.00025 with a potential low of $0.98032. Being a stablecoin, not much of a stir is expected this year and it can be said that the token achieves further stability too.
Moreover, the organization working behind USDC, Circle is quite popular for their efforts and experiences. Having such strong minds in a team is best for difficult times, which is not too uncertain for cryptocurrencies.
The market sentiment is weakened in today’s day and it is evident on the cryptocurrency exchange. It is expected to change somewhat as Circle has been nominated among the 100 Most Influential Companies for 2023 according to TIME magazine.
USDC Price Prediction 2024
Price predictions for USDC in 2024 suggest that we can see a maximum high of $1.00130 with a low of $0.97689. Forecasts also show that USDC might have more use cases introduced which will increase the number of users. At present, USD coin has a market cap of $28 billion and stands fifth rank on the decentralized exchange.
Our predictions are based on factors such as internal improvement in the organization, and a bull run to push the prices above. If the SEC issues weren’t happening right now, we could have already witnessed this rally. However, it seems that it is delayed to 2024 and only a matter of time before we see how it affects cryptocurrencies.
USDC Price Prediction 2025
After thorough market analysis, the forecast reveals that by 2025, prices of USDC can reach a high and low of $1.00056 and $0.98415. Experts also suggest that with inflation hitting 4% in 2023 and projected 2.40% for 2025, the shift towards cryptocurrency is only going to increase.
Between 2025 and 2030m various market changes are expected and on average we can see numbers around $0.99907. If the bull rally discussed above does not occur yet, it is highly likely that we might witness it between the five year period. Even so, prices are not going to move much far from the dollar and we can find average trading prices of $0.99907.
USDC Price Prediction 2030
Long-term investment in stablecoins are much safer than other cryptocurrency as they are highly volatile (finance) and it is evident from the recent crypto winter. According to predictions, such a winter might come once again as the Web3 world regains new shapes. Prices are predicted to have a maximum value of $1.00182 alongwith a minimum of $0.99932.
USDC Price Prediction 2040
Taking the analysis even further into the future, forecasting is heavy on the greener side for USDC. At most, we can see numbers around $1.08095 which is going to be a new record for the crypto token. In bearish conditions, USDC can also be trading for a minimum price of $1.00071 with an average of $1.01084.
USDC Price Prediction 2050
The present market is slightly unstable for USD coin as Tether predominates the stablecoin sector. Even so, by 2050, we can see prices beating its past ATH and reaching $1.36407. Worst case scenario can plummet prices to a low of $1.01689. Such a huge gap between the high and low exists because long-term predictions are not always accurate as they are quite far fetched.
However, on average, prices of USDC in 2050 are predicted to be trading for $1.23508 on average.
Should I buy USD Coin (USDC)?
The USD coin is indeed a stablecoin but has received harsh feedback from users, and Tether is somewhere preferred by most investors. If you wish to set yourself apart from that crowd, you can find yourself investing in a safe and secure token that is pegged to the dollar.
If you are looking forward to keeping your investments safe from inflation and centralization, investing in USDC might be a good choice, However, we suggest you conduct further research and make an investment decision.
Realistic USD Coin Price Prediction
Technical analysis for the past week shows that USDC has a Relative Strength Index (RSI 14) value of 32.4874 suggesting neutral signs. The Exponential Moving Average (EMA 10) shows 0.9965 value and suggests investors to sell $USDC. MACD level (12, 26) comes to −0.0036 again suggesting a negative zone for USD coin in the coming future.
This candlestick chart of USDC from Tradingview also shows that out of past seven candles, five are in the red with just two candles in green. It can be considered a clear sign of not investing in USD coin as it might drop even further in coming days. However, making long-shots is a risk that might be fruitful.
All the information stated above are meant for entertainment purposes only and please follow the golden rule of investment to look before you leap.