Fuel Network has released its native token FUEL to the public, generating around 110 million of trading volume in 24 hours. Despite its initial sell-offs resulting in a 28.19% downtrend, the token is expected to explode soon according to various crypto price experts.
This article will get into a long-term price prediction of FUEL from 2024 to 2030. Beyond analyzing the chart movements, we will look into the market sentiment surrounding FUEL and also attach a purchasing guide. Let’s start.
What Is Fuel Network?
As an execution layer for Ethereum, Fuel Network provides a secure and scalable atmosphere for Rollups. It provides parallelization by executing multiple transactions from different chains at once, increasing interoperability and scalability.
Fuel Network was launched as a testnet on May 30, 2024, and later released its mainnet on October 30 by correcting all the errors. The native token FUEL is mainly used to reward the participants and as a governance aid.
FUEL’s Use Cases & Tokenomics
| Token Ticker | $FUEL |
| Chain | Ethereum ERC-20 |
| Contract Address | 0x675B68AA4d9c2d3BB3F0397048e62E6B7192079c |
| Total Supply | 10 Billion FUEL |
| Circulating Supply | 3.55 Billion FUEL |
| Market Cap | $176.18 Million (20/12/2024) |
| Hodlers | 3,670 |
FUEL holders can partake in the governance mechanism by casting their votes in key decisions. Among the total supply of 10 billion FUEL, around 3.55 billion are initially unlocked into circulation.
Around 2 billion FUEL is allocated for community expansion, mainly used to incentivize its users and reserved for campaigns and activations. 4.10 billion tokens will be used for the development of the ecosystem through various phases.
The remaining allocation is for contributors and purchasers. 1 billion is allocated for various airdrops, and the first phase claim is live. Users who engaged with its testnet and contributed to the network through various means can claim the FUEL.
FUEL Price Prediction 2024 To 2030
When FUEL was listed, it immediately witnessed huge sell-offs, draining around 35% of the market cap. However, it is expected to show a rebound in the coming days. Also, we can see the cap gradually getting into an upward momentum in the long term with the arrival of whales and institutions. Here is a price prediction from 2024 to 2030:
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $ 0.0446 | $ 0.11 | $ 0.11 |
| 2025 | $ 0.11 | $ 0.12 | $ 0.13 |
| 2026 | $ 0.15 | $ 0.17 | $ 0.18 |
| 2027 | $ 0.19 | $ 0.22 | $ 0.23 |
| 2028 | $ 0.24 | $ 0.25 | $ 0.27 |
| 2029 | $ 0.34 | $ 0.37 | $ 0.37 |
| 2030 | $ 0.48 | $ 0.52 | $ 0.52 |
Where To Purchase FUEL Tokens?
As a newly launched token, FUEL has been listed on only around 10 exchanges. Most of the FUEL trades are happening in Bitget. It is also available in Uniswap V3 and OpenOcean DEXs. Here is the list of CEXs (centralized exchanges) with pairs:
- Bybit – FUEL/USDT
- Bitget – FUEL/USDT
- KuCoin – FUEL/USDT
- MEXC – FUEL/USDT
- BingX – FUEL/USDT
- Bitvavo – FUEL/EUR
- KCEX – FUEL/USDT
- CoinW – FUEL/USDT
- CoinEx – FUEL/USDT
- Hibt – FUEL/USDT
Also read: Crypto Wallet Types: How To Choose?
Final Thoughts: Is It A Good Investment Option?
FUEL seems like a trustworthy blockchain network to invest in. However, the Rollup niche is witnessing huge competition with the arrival of advanced AI-based protocols and it is doubtful whether FUEL can sustain itself in this competitive realm for the long term. Always try to do your research before setting your entry and exit points.
Finally, this price prediction is based on FUEL’s roadmap, use cases, community support, market sentiment, and its 1-day-old chart. Be aware that this forecast is not 100% accurate, and sometimes unexpected fluctuations in the market will make the candles move in exactly opposite directions.
At the moment of writing this, FUEL is trading for $0.4499.
