USD Coin (USDC) is a stablecoin that is pegged to the US dollar in a 1:1 ratio. Every unit of the token available is supported by 1 USD. The aim of this stablecoin is to maintain price stability and combat the price volatility to which cryptocurrencies are vulnerable.
The token was founded in September 2018 by the peer-to-peer payment services company Circle and the centralised cryptocurrency exchange Coinbase. The 2020 update of the token’s smart contracts made the coin usable for everyday transactions.
In this article, you will read more about the USDC token and its price prediction.
What Is USDC Token?
USDC token is the native currency of the USDC platform. These coins are ERC-20 compliant and are available on the Ethereum blockchain. The holders of this coin have the power to take governance decisions on the platform with their voting rights.
The following key figures depict the current status of USD coins in the crypto market.
- Current Market Price: $0.9997
- Market Capitalization: $32,280,637,852
- Fully Diluted Valuation: $32,322,751,810
- 24 Hour Trading Volume: $6,889,965,285
- Volume/Market Capitalization (24 hour): 21.47%
- Circulating Supply: 32,294,025,358
- Total Supply: 32,336,156,782
- Maximum Supply: ∞
USD Coin (USDC) Price Prediction 2024–2030
The current market price of USDC token is $0.9997. The short term price prediction of USDC token for the period from May to December 2024, with its low, average and high prices and the average change in prices is given in the table below.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| May 2024 | $1.00 | $1.00 | $1.00 |
| June 2024 | $1.01 | $1.01 | $1.01 |
| July 2024 | $1.01 | $1.01 | $1.01 |
| August 2024 | $1.01 | $1.01 | $1.01 |
| September 2024 | $1.01 | $1.01 | $1.01 |
| October 2024 | $1.01 | $1.01 | $1.01 |
| November 2024 | $1.01 | $1.01 | $1.01 |
| December 2024 | $1.01 | $1.01 | $1.01 |
The expected long term price range of the USDC token, with its yearly low, yearly average and yearly high prices for the years 2024, 2025, 2026, 2027, 2028, 2029 and 2030 is shown in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $1.01 | $1.02 | $1.05 |
| 2025 | $1.01 | $1.02 | $1.05 |
| 2026 | $1.00 | $1.03 | $1.06 |
| 2027 | $1.00 | $1.01 | $1.03 |
| 2028 | $1.00 | $1.01 | $1.02 |
| 2029 | $1.01 | $1.03 | $1.05 |
| 2030 | $1.01 | $1.03 | $1.06 |
Where And How To Buy USD Coin (USDC)?
The USD Coin (USDC) is listed on the following cryptocurrency exchanges.
- Binance
- WEEX
- LBank
- 4E
- OKX
- Bybit
- MEXC
Read further to know about the procedures to be followed for buying USDC tokens from any of the above mentioned exchanges.
- Choose an exchange from the above list.
- Create an account on the exchange. Provide the required details for verification.
- Choose a payment method such as crypto wallet, credit card, debit card or bank transfer, and link it to your exchange.
- Go to the purchase page, select USDC from the available options and make the transactions according to the instructions given on the page.
- You will now see that the purchased tokens have been credited to your account.
- Your account on the exchange is not a safe storage place for the tokens. So move them to a cold wallet or hardware wallet where the smart contracts will be safely stored away from online fraudsters.
Is USD Coin (USDC) A Good Buy In 2024–2030?
USD Coins (USDC) is not a profitable buy in 2024–2030. The available price prediction data does not show a significant price rise. There is very less probability that you will gain profit by investing in USDC in the coming years.
It is important to note that cryptocurrencies are highly volatile in nature. There is a chance of a sudden price rise or drop.
So, all the investors are required to exercise caution while investing in cryptocurrencies and should only do so after thoroughly studying the market conditions, price performance history and on chain development activities.
