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Highlights
- Founded by Joselito Lizarondo, the Swipe (SXP) crypto aims to be a bridge between traditional fiat and cryptocurrency.
- The Swipe protocol allows the users to spend these cryptocurrencies using Swipe Visa debit card and is accepted anywhere where Visa payments are accepted.
- Buoyed by the Binance acquisition, the SXP token was trading at US$2.08 with a 24-hour trading volume of US$1,198,775,385.
Founded by Joselito Lizarondo, the Swipe (SXP) crypto aims to be a bridge between traditional fiat and cryptocurrency. It allows the users to spend their cryptos as fiat currencies on a real-time basis. The main objective of Swipe is to make crypto payments a seamless task by connecting existing payment networks to the digital currencies.
The Swipe protocol allows the users to spend these cryptocurrencies using Swipe Visa debit card and is accepted anywhere where Visa payments are accepted. Besides, it also allows the cardholders the benefit of receiving up to 8% cashbacks in the form of Bitcoins.
On Friday, the Swipe token was surging by 31% with a huge volume gain of 1,226%.
Reason for Swipe’s surge?
Swipe’s rally began following Binance Swipe’s acquisition announcement. In fact, Binance had bought stakes in Swipe in July 2020 with an objective to advance crypto adoption. However, the acquisition would help the exchange compete with the likes of PayPal and other cryptocurrency-related service providers.
Also read: How high will Sylo crypto go after its huge rally?
Immediately after the news came out, SXP, the native token of Swipe, skyrocketed by 30% to reach to US$2.02 on 30 December from US$1.91.
Swipe has had a decent 2021 considering from where it started. When 2021 started, Swipe was priced just art US$0.70, but following a rally, its price reached to its all-time high of US$5.48 on 3 May. After that, like other cryptos it too faced a period of lull, before showing signs of life in September.
Also read: Will Saito crypto touch $2 by 2022?
Why choose Swipe crypto?
Swipe crypto is ranked 157 on CoinMarketCap. Buoyed by the Binance acquisition, the SXP token was trading at US$2.08 with a 24-hour trading volume of US$1,198,775,385. SXP was up by 32.08%, with a live market cap of US $400,742,002 and 192,768,789 SXP coins in circulation.
Following a good run 2021, the token would expect that it would be able to consolidate and grow further in 2022. Its first target in 2022 would be to achieve the resistance levels of US$2.9 then kick on from there. With vast exposure to fiat and crypto markets, the token does hold potential for a long-term investment. Experts predict that in the next five years, the SXP token could grow by +200%, which could see its price jump to US$300 by 2026.
