Have you heard about a canary network in the crypto market? It is an experimental blockchain network where features are tested under ideal conditions and its success is assured before deploying them on the main blockchain network.
In this article, you will read about Songbird (SGB), the canary network of the Flare blockchain network.
SGB has a defined token supply of 15 billion tokens. Therefore, the developers of various dApps on the Flare network can safely test them, unlike other testnets with unlimited token supply.
The platform serves many roles on the Flare blockchain.
- The native technology of the Flare network can be tested in simulated situations and can be implemented faultlessly on the main network.
- The developers of decentralized applications (dApps) based on the Flare network can understand how they will work in a live atmosphere.
- Songbird also serves as a network for voting on the governance of the Flare network.
To get an understanding of the current status of the SGB tokens in the market, read the following figures.
Current Market Price of SGB coins: $0.008764
Market Capitalization: $130.76M
Fully Diluted Valuation: $428,775.51
24 Hour Trading Volume: $428,775.51
Volume/Market Capitalization (24 hours): 0.33%
Circulating Supply: 14.92B SGB
Total Supply: 16.09B SGB
Maximum Supply: ∞
Songbird (SGB) Price Prediction 2024–2030
The price of SGB coins for 2024–2030 is given in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $0.00773 | $0.0183 | $0.0192 |
| 2025 | $0.0188 | $0.0221 | $0.0227 |
| 2026 | $0.0258 | $0.0295 | $0.0310 |
| 2027 | $0.0337 | $0.0396 | $0.0401 |
| 2028 | $0.0337 | $0.0396 | $0.0401 |
| 2029 | $0.0416 | $0.0468 | $0.0478 |
| 2030 | $0.0591 | $0.0637 | $0.0651 |
Songbird (SGB) Price Prediction 2024
The table below shows the short-term prices of the tokens for the second half of 2024.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| July 2024 | $0.0087726224 | $0.0087726224 | $0.0087726224 |
| August 2024 | $0.00762 | $0.0170 | $0.0189 |
| September 2024 | $0.00766 | $0.0163 | $0.0190 |
| October 2024 | $0.00753 | $0.0141 | $0.0190 |
| November 2024 | $0.00728 | $0.0141 | $0.0184 |
| December 2024 | $0.00727 | $0.0112 | $0.0190 |
Songbird (SGB) Price Prediction 2025
| Year | Low Price | Average Price | High Price |
| January 2025 | $0.0185 | $0.0221 | $0.0226 |
| February 2025 | $0.0188 | $0.0195 | $0.0210 |
| March 2025 | $0.0186 | $0.0188 | $0.0206 |
| April 2025 | $0.0184 | $0.0214 | $0.0227 |
| May 2025 | $0.0185 | $0.0189 | $0.0202 |
| June 2025 | $0.0186 | $0.0199 | $0.0204 |
| July 2025 | $0.0187 | $0.0198 | $0.0206 |
| August 2025 | $0.0184 | $0.0200 | $0.0212 |
| September 2025 | $0.0185 | $0.0214 | $0.0225 |
| October 2025 | $0.0187 | $0.0191 | $0.0195 |
| November 2025 | $0.0186 | $0.0192 | $0.0194 |
| December 2025 | $0.0185 | $0.0190 | $0.0202 |
Songbird (SGB) Price Prediction 2030
| Year | Low Price | Average Price | High Price |
| January 2030 | $0.0590 | $0.0605 | $0.0620 |
| February 2030 | $0.0588 | $0.0612 | $0.0616 |
| March 2030 | $0.0590 | $0.0637 | $0.0651 |
| April 2030 | $0.0590 | $0.0624 | $0.0649 |
| May 2030 | $0.0588 | $0.0602 | $0.0619 |
| June 2030 | $0.0588 | $0.0615 | $0.0648 |
| July 2030 | $0.0588 | $0.0601 | $0.0614 |
| August 2030 | $0.0588 | $0.0600 | $0.0616 |
| September 2030 | $0.0588 | $0.0605 | $0.0618 |
| October 2030 | $0.0589 | $0.0637 | $0.0639 |
| November 2030 | $0.0591 | $0.0604 | $0.0628 |
| December 2030 | $0.0588 | $0.0594 | $0.0634 |
Where and How to Buy SGB Tokens?
SGB tokens are traded on the following cryptocurrency exchanges.
- Bitstamp
- CEX.IO
- Kraken
- MEXC
- DigiFinex
- Bitrue
- Gate.io
Here are the details about how to buy SGB tokens.
- Select an exchange where SGB tokens are listed and open your account on it.
- Create an account in a compatible crypto wallet and link it to the exchange.
- If bank transfers or bank cards are comfortable for you, then you can use them instead of a crypto wallet.
- Ensure adequate supply of the base token in the selected payment method to buy SGB tokens and pay the transaction fees.
- Once these prerequisites are met, you can initiate the transactions on the exchange’s website to buy SGB tokens through the given instructions.
Is it Profitable to Invest in SGB Tokens?
SGB tokens have a slightly bearish outlook with 16 technical analysis indicators showing bearish signals and 11 technical analysis indicators showing bullish trends.
Even though the tokens have a slightly better forecast in the short term, the long-term investment prospects of the token are bleak.
Therefore, you should consider your investment decisions on the SGB tokens and postpone them to a period when the tokens see a positive price change.
