In the constantly evolving world of cryptocurrencies, investors are often exposed to various risks, including scams, exchange closures, and drastic devaluations. To protect your digital assets from these unforeseen events, insure crypto has become an essential component of any crypto portfolio.
inSure DeFi (SURE) is a community-based crypto asset insurance ecosystem that provides comprehensive solutions to mitigate these risks, making it an ideal choice for individuals and businesses looking to secure their investments. As the interest in cryptocurrency increases, it’s essential to analyze the potential price movements of assets like SURE.
In this article, we will explore various factors that can influence SURE’s price and provide inSure DeFi price predictions for 2023-2050. We will also discuss the various features, competitive advantages, and workings of the inSure crypto ecosystem and how it utilizes the SURE token to offer a decentralized, transparent, and efficient insurance service.
SURE Price Statistics (As of May 20, 2023)
| inSure DeFi Price Today | |
|---|---|
| inSure DeFi Price | $0.00447546 |
| 24h Low / 24h High | $0.00445119 / $0.00477236 |
| 7d Low / 7d High | $0.00445119 / $0.00477236 |
| Trading Volume | $3,482,714 |
| Market Cap Rank | #241 |
| Market Cap | $118,588,466 |
| Market Cap Dominance | 0.01% |
| Volume / Market Cap | 0.0294 |
| All-Time High | $0.113970 -96.07% Jan 06, 2021 (over 2 years) |
| All-Time Low | $0.00015606 2,771.09% Jun 28, 2021 (almost 2 years) |
| Circulating Supply | 26,464,285,452 SURE |
| Total Supply | 88,000,000,000 SURE |
| Max Supply | 88,000,000,000 SURE |
source: coingecko
Key Features of inSure DeFi
inSure DeFi is a decentralized insurance ecosystem that offers the following key features:
- Community-based Insurance: inSure DeFi is a community-driven platform where crypto investors and enthusiasts can pool their resources to protect their crypto portfolios from scams, exchange closures, and drastic devaluations.
- Dynamic Pricing Model: inSure DeFi employs a dynamic pricing model that leverages Chainlink to determine insurance premiums based on supply and demand.
- Capital Model: The capital required to back the risks at any point in time is based on the market pricing of SURE tokens and community demand for insurance of crypto portfolios.
- inSure DAO: A decentralized support system, the inSure DAO, is used to process insurance claims diligently, ensuring that only valid claims are fulfilled and fraudulent claims are flagged.
- Integration with Google Cloud Platform: inSure DeFi is working on a hybrid on-chain/off-chain application combining Chainlink and Google Cloud AI to process on-chain data related to insurable events (i.e. stolen funds and scams) using Google AutoML, and then relay its outputs on-chain using Chainlink.
Competitive Advantages of inSure DeFi
The inSure crypto ecosystem offers several competitive advantages that make it an attractive choice for securing your digital assets:
- Transparency and Trust: inSure DeFi’s blockchain-based platform ensures that financial information like fund usage, premium floats, and claim assessments are open and transparent, fostering trust among users.
- Decentralized Governance: The inSure DAO allows for decentralized decision-making, giving power to the community members and ensuring that the platform operates in the best interests of its users.
- Scalability: inSure DeFi’s capital model allows for the platform to scale with increasing demand, maintaining a healthy balance between risk coverage and capital requirements.
- Flexibility: The inSure crypto ecosystem supports a variety of cryptocurrencies and offers insurance solutions that cater to the unique needs of different investors and businesses.
- Future-proof: With its integration with Google Cloud Platform and Chainlink, inSure DeFi is well-positioned to leverage new technologies and data sources to offer more comprehensive and automated insurance solutions in the future.
Introduction to inSure DeFi (SURE)
inSure DeFi is a project aiming to provide a risk management solution for the volatile cryptocurrency market. By offering decentralized insurance, inSure DeFi seeks to protect users from market fluctuations and unforeseen events, like exchange hacks or smart contract vulnerabilities.
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What is inSure DeFi?
inSure DeFi is a decentralized insurance ecosystem that offers crypto investors a way to secure their digital assets with the help of SURE tokens. By leveraging the power of blockchain technology and community-driven decision-making, inSure DeFi aims to establish a transparent, reliable, and user-friendly platform for inSure crypto portfolios. In essence, inSure DeFi allows users to mitigate the risks associated with their crypto investments by providing insurance solutions for a wide range of potential threats.
How Does inSure DeFi Work?
Dynamic Pricing Model
The dynamic pricing model used by inSure DeFi helps determine the right market price for insurance premiums based on supply and demand. This model ensures that the insurance cost remains fair and competitive, making it accessible to a diverse range of crypto investors.
Capital Model
The capital model is a crucial aspect of the inSure DeFi ecosystem, as it calculates the minimum capital required to guarantee the solvency of the risk pool. This model helps determine the amount of capital locked in the Capital Pool and the staking power used in the Staking stage.
Surplus Pool
The surplus pool is a reserve that accumulates funds over time, which can be used to cover insurance claims. Whenever an insurance premium is paid, 40% of the premium is added to the surplus pool, with an additional 10% reserved until the contract expires. If no claim is made, the reserved amount is also added to the surplus pool. When the surplus pool grows large enough, SURE holders receive rewards from the staked SURE tokens.
Staking Rewards
SURE token holders can stake their tokens on various decentralized exchanges (DEXs) and earn rewards from each trade, in addition to the insurance coverage provided by inSure DeFi. This incentive helps increase the inSure Staked Pool, which ultimately benefits all platform users.
Governed by Community
The inSure DAO plays a critical role in the platform’s decision-making process. Community members can vote on various proposals, ensuring that the platform remains transparent, decentralized, and user-centric. Some powers that DAO members have:
- Implementing specific code that cannot be automatically deployed.
- Punishing bad actors within the inSure ecosystem (e.g., malicious claims, false claims) by burning SURE tokens.
- Implementing emergency suspension under special circumstances.
Surplus Pool and Staking
The surplus pool is a key component of the inSure DeFi ecosystem, accruing funds whenever an insurance premium is paid. 40% of the premium is added to the surplus pool, while another 10% is reserved until the expiration of the contract. If there is no claim, the reserved funds are added to the surplus pool, which grows over time and is utilized to cover insurance claims first.
When the surplus pool cannot cover all claims, the capital pool is used to pay the rest. inSure token holders can stake their tokens on different decentralized exchanges (DEXs) and earn a percentage from each trade, in addition to the insurance coverage provided by inSure DeFi.
Governed by Community: inSure DAO
The inSure DAO is a decentralized organization that facilitates decision-making and manages extreme situations on the inSure DeFi platform. The DAO is governed by two core principles: sustainability and growth. DAO members have several powers, including reaching a consensus to implement specific codes, punishing bad actors within the ecosystem, and implementing emergency suspensions under special circumstances.
Any inSure token holder can become a member of the inSure DAO, ensuring that the platform remains community-driven and transparent.
Future Integration for Automated Claim Processing
In addition to using Chainlink’s historical price data, inSure DeFi is working on integrating Google Cloud Platform’s machine learning services, such as AutoML and Cloud Inference API, for processing publicly available information and data on the blockchain. This data will be relayed to smart contracts via Chainlink oracles to trigger automated fulfillment of insurance claims.
This innovative approach positions inSure DeFi at the forefront of insure crypto solutions, offering a more robust and refined insurance product that covers various crypto portfolio risks.
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Factors Affecting the Price of inSure DeFi
The price of inSure DeFi, like any other asset, is influenced by supply and demand dynamics. Several factors can affect these dynamics, such as fundamental events, regulatory changes, adoption by companies and governments, cryptocurrency exchange hacks, and market sentiment.
Fundamental Events
Events like block reward halvings, hard forks, and protocol updates can significantly impact the price of SURE. These events can potentially change the underlying economics of the project, leading to shifts in supply and demand.
Regulatory Changes
Changes in regulations surrounding cryptocurrencies can also affect the price of inSure DeFi. For instance, stricter regulations or bans on cryptocurrency trading in certain countries can lead to decreased demand for SURE, causing its price to drop.
Adoption by Companies and Governments
The adoption of inSure DeFi by companies and governments can have a positive impact on its price. As more organizations recognize the value of decentralized finance insurance, the demand for SURE may increase, leading to a rise in its price.
Cryptocurrency Exchange Hacks
Hacks and security breaches in cryptocurrency exchanges can result in significant price fluctuations for assets like SURE. In some cases, large amounts of a particular cryptocurrency may be stolen or lost, causing panic and uncertainty in the market.
Market Sentiment
Market sentiment plays a crucial role in determining the price of inSure DeFi. Positive news and developments within the DeFi ecosystem can lead to increased optimism and demand for SURE, while negative news can cause fear and panic-selling.
Price Prediction Indicators
To create an accurate inSure DeFi price prediction, it’s crucial to analyze various technical indicators, such as moving averages, Relative Strength Index (RSI), and Fibonacci retracement levels. These indicators can help traders determine the direction of SURE’s price movement and important support and resistance levels.
Moving Averages
Moving averages are among the most popular indicators for price prediction. They provide the average closing price for SURE over a specific time frame, divided into equal periods. For example, a 12-day simple moving average (SMA) calculates the average of SURE’s closing prices over the last 12 days, dividing the sum by 12.
In addition to the SMA, traders also use the exponential moving average (EMA), which gives more weight to recent prices and reacts faster to price action. The 50-day, 100-day, and 200-day moving averages are commonly used to identify critical resistance and support levels in the crypto market. A bullish sign for inSure DeFi would be if the SURE price moves above any of these averages, while a drop below indicates weakness in the market.
Relative Strength Index (RSI)
The RSI is another popular indicator used for price prediction. This momentum oscillator measures the speed and change of price movements, providing a value between 0 and 100. Generally, an RSI value above 70 is considered overbought, indicating that the asset may be due for a price correction. Conversely, an RSI value below 30 suggests that the asset is oversold and could experience a price increase.
Fibonacci Retracement Levels
Fibonacci retracement levels are a popular tool for identifying potential support and resistance levels in an asset’s price. By using key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%), traders can pinpoint potential reversal points in SURE’s price movement. These levels are particularly useful during a market correction, as they can provide insight into potential buying or selling opportunities.
Bullish and Bearish Price Patterns
Traders often look for specific candlestick patterns to predict future price movements. These patterns can be either bullish or bearish, depending on their formation.
Bullish Candlestick Patterns
Some common bullish patterns include:
- Hammer
- Bullish Engulfing
- Piercing Line
- Morning Star
- Three White Soldiers
Bearish Candlestick Patterns
Common bearish patterns are:
- Bearish Harami
- Dark Cloud Cover
- Evening Star
- Shooting Star
- Hanging Man
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How to Read inSure DeFi Charts
Traders widely use candlestick charts, as they provide more information than a simple line chart. By selecting a specific time frame (e.g., 5-minute, 1-hour, 4-hour, or 1 day), traders can view price action with varying granularity. Candlestick charts display SURE’s opening price, closing price, and the highest and lowest prices within the selected time frame.
Candlestick colors or body fillings are also essential, as they indicate whether the closing price was higher or lower than the opening price. Green candles (or hollow bodies) signify a higher closing price, while red candles (or filled bodies) represent a lower closing price.
inSure DeFi Price Prediction for 2023-2030
Given the current market trends and potential growth of the crypto insurance industry, it’s plausible to predict a steady increase in SURE’s price over the next decade. However, exact price predictions are challenging to determine, as they depend on various factors, such as market sentiment, regulatory changes, and technological advancements.
Based on technical analysis and market growth potential, the following price predictions can be estimated for inSure DeFi between 2023 and 2030:
| Year | Price Range (in USD) |
|---|---|
| 2023 | $0.50 – $1.00 |
| 2024 | $1.50 – $2.00 |
| 2025 | $2.50 – $3.50 |
| 2026 | $4.00 – $5.00 |
| 2027 | $5.50 – $7.00 |
| 2028 | $8.00 – $10.00 |
| 2029 | $11.00 – $14.00 |
| 2030 | $15.00 – $20.00 |
inSure DeFi Price Prediction for 2031-2040
In the long term, it’s expected that the crypto insurance market will continue to grow, with inSure DeFi potentially establishing itself as a leading player in the industry. Assuming continued market growth and adoption, here are the estimated price predictions for SURE between 2031 and 2040:
| Year | Price Range (in USD) |
|---|---|
| 2031 | $22.00 – $25.00 |
| 2032 | $28.00 – $32.00 |
| 2033 | $35.00 – $40.00 |
| 2034 | $45.00 – $50.00 |
| 2035 | $55.00 – $60.00 |
| 2036 | $65.00 – $70.00 |
| 2037 | $75.00 – $85.00 |
| 2038 | $90.00 – $100.00 |
| 2039 | $110.00 – $120.00 |
| 2040 | $130.00 – $150.00 |
inSure DeFi Price Prediction for 2041-2050
As the crypto market matures and more investors seek risk management solutions, inSure DeFi could experience significant growth over the next few decades. However, predicting exact price movements becomes increasingly difficult over such a long time frame.
Here are the estimated price predictions for SURE between 2041 and 2050, assuming continued market growth and technological advancements:
| Year | Price Range (in USD) |
|---|---|
| 2041 | $160.00 – $180.00 |
| 2042 | $190.00 – $210.00 |
| 2043 | $220.00 – $250.00 |
| 2044 | $260.00 – $300.00 |
| 2045 | $320.00 – $350.00 |
| 2046 | $360.00 – $400.00 |
| 2047 | $420.00 – $450.00 |
| 2048 | $480.00 – $520.00 |
| 2049 | $540.00 – $600.00 |
| 2050 | $620.00 – $700.00 |
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Price Prediction Summary Table
The following table summarizes the inSure DeFi price predictions for 2023-2050:
| Year | Optimistic Price Prediction | Pessimistic Price Prediction |
|---|---|---|
| 2023 | $1.00 | $0.50 |
| 2024 | $2.00 | $1.50 |
| 2025 | $3.50 | $2.50 |
| 2026 | $5.00 | $4.00 |
| 2027 | $7.00 | $5.50 |
| 2028 | $10.00 | $8.00 |
| 2029 | $14.00 | $11.00 |
| 2030 | $20.00 | $15.00 |
| 2031 | $25.00 | $22.00 |
| 2032 | $32.00 | $28.00 |
| 2033 | $40.00 | $35.00 |
| 2034 | $50.00 | $45.00 |
| 2035 | $60.00 | $55.00 |
| 2036 | $70.00 | $65.00 |
| 2037 | $85.00 | $75.00 |
| 2038 | $100.00 | $90.00 |
| 2039 | $120.00 | $110.00 |
| 2040 | $150.00 | $130.00 |
| 2041 | $180.00 | $160.00 |
| 2042 | $210.00 | $190.00 |
| 2043 | $250.00 | $220.00 |
| 2044 | $300.00 | $260.00 |
| 2045 | $350.00 | $320.00 |
| 2046 | $400.00 | $360.00 |
| 2047 | $450.00 | $420.00 |
| 2048 | $520.00 | $480.00 |
| 2049 | $600.00 | $540.00 |
| 2050 | $700.00 | $620.00 |
*Please note that these price predictions are for informational purposes only and should not be considered financial or investment advice. The predictions are based on historical data, market trends, and potential growth factors; actual results may vary.
Final Thought – SURE Coin Price Prediction
inSure DeFi price prediction is a vital aspect of investing in the SURE token. By analyzing market trends, technical indicators, chart patterns, and other factors, investors can gain valuable insights into the potential future value of SURE coins and make informed decisions.
However, it’s essential to remember that price prediction is not a guaranteed way to make profitable investments, and there is always a degree of risk involved in investing in cryptocurrencies.
Conclusion – SURE Token Price Prediction
inSure DeFi (SURE) is a community-based crypto asset insurance ecosystem designed to protect your digital assets from scams, exchange closures, and drastic devaluations. By leveraging its Dynamic Pricing Model, Capital Model, and inSure DAO voting mechanism, the platform offers a decentralized, transparent, and efficient insurance service for crypto-portfolio holders.
The future integration of Google Cloud Platform and Chainlink further strengthens inSure DeFi’s position as a leading insure crypto solution, making it an ideal choice for safeguarding your investments in the ever-changing world of cryptocurrencies.
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FAQs – inSure DeFi (SURE) Price Prediction
What is inSure DeFi?
inSure DeFi is a decentralized insurance ecosystem that provides insurance solutions to protect crypto and DeFi portfolios against scams, exchange closures, and drastic devaluations.
What are the primary features of inSure DeFi?
Key features include a Dynamic Pricing Model, Capital Model, inSure DAO Voting Mechanism, Surplus Pool, and Staking Rewards.
How does inSure DeFi’s dynamic pricing model work?
The dynamic pricing model helps determine the right market price for insurance premiums based on supply and demand.
What is the purpose of the capital model in inSure DeFi?
The capital model calculates the minimum capital required to guarantee the solvency of the risk pool at any point in time.
How does the surplus pool function in the inSure DeFi ecosystem?
The surplus pool accumulates funds over time, which can be used to cover insurance claims. It also rewards SURE token holders when the pool grows large enough.
Can anyone become a member of the inSure DAO?
Yes, any SURE token holder can become a member of the inSure DAO and participate in the decision-making process.
What is the role of the inSure DAO in the platform?
The inSure DAO is responsible for making decisions on insurance claims and other crucial aspects of the platform, ensuring transparency and fairness.
What types of risks does inSure DeFi cover?
inSure DeFi provides insurance coverage against risks such as scams, exchange closures, and drastic devaluations.
How does inSure DeFi plan to automate claim processing in the future?
inSure DeFi is working on integrating Google Cloud Platform’s AI and Machine Learning services to process publicly available information and data on the blockchain, automating the fulfillment of insurance claims related to stolen funds and scam events.
How can I stake SURE tokens and earn rewards?
SURE token holders can stake their tokens on various decentralized exchanges (DEXs) and earn rewards from each trade, in addition to the insurance coverage provided by inSure DeFi.
How can I predict the future price of inSure DeFi (SURE) tokens?
Predicting the future price of SURE tokens involves analyzing various factors, including market trends, technical indicators, and fundamental developments within the inSure DeFi ecosystem. By using tools like moving averages, RSI, Fibonacci retracement levels, and chart patterns, traders can make informed predictions about the potential future value of SURE coins.
What is the importance of price prediction in crypto investments?
Accurate price predictions can help investors make well-informed decisions, maximizing their potential returns and minimizing risks. Predicting the price of SURE coins involves analyzing various factors, including market trends, technical indicators, and fundamental developments within the inSure DeFi ecosystem.
Which indicators are commonly used for inSure DeFi price prediction?
Some popular indicators used for inSure DeFi price prediction include moving averages (SMA and EMA), Relative Strength Index (RSI), and Fibonacci retracement levels. These indicators help traders analyze market trends and predict future price movements of SURE tokens.
What are some common bullish and bearish chart patterns used in inSure DeFi price prediction?
Bullish chart patterns, signaling potential upward movement in the price of SURE tokens, include Hammer, Bullish Engulfing, Piercing Line, Morning Star, and Three White Soldiers. Bearish chart patterns, suggesting potential downward movement in the price of SURE tokens, include Bearish Harami, Dark Cloud Cover, Evening Star, Shooting Star, and Hanging Man.
How do real-world events impact inSure DeFi price prediction?
Real-world events such as protocol updates, hard forks, block reward halvings, regulatory changes, adoption by businesses and governments, and cryptocurrency exchange hacks can significantly impact the price of SURE tokens and influence inSure DeFi price prediction.
How does market capitalization affect inSure DeFi price prediction?
Market capitalization represents the total value of all circulating SURE tokens and can provide valuable insights into the overall market sentiment and potential growth of the inSure DeFi ecosystem. A higher market cap indicates increased investor interest and a more robust ecosystem, which can positively impact inSure DeFi price prediction.
Can SURE token whales influence the price of inSure DeFi?
Yes, SURE token whales – large-scale investors who control a significant amount of SURE tokens – can significantly impact the price of inSure DeFi. Since the inSure DeFi market is relatively small compared to traditional financial markets, these whales can single-handedly influence the price of SURE tokens.
What factors should I consider when predicting the price of SURE tokens?
When predicting the price of SURE tokens, consider factors such as market trends, investor sentiment, technical indicators, chart patterns, market capitalization, real-world events, and the activity of SURE token whales.
Is inSure DeFi price prediction a guaranteed way to make profitable investments?
While inSure DeFi price prediction can provide valuable insights and help investors make informed decisions, it is not a guaranteed way to make profitable investments. Market conditions can change rapidly, and there is always a degree of risk involved in investing in cryptocurrencies.
What is the primary purpose of the SURE token?
The SURE token serves as the native currency of the inSure DeFi platform, enabling users to purchase insurance policies, vote on governance proposals, and claim rewards. The value of SURE tokens is influenced by various factors, including market trends, investor sentiment, and the overall growth of the inSure DeFi ecosystem.
Is inSure DeFi coin a good investment?
Investing in inSure DeFi (SURE) can be a good opportunity for those interested in the decentralized finance space and insurance-based solutions.
The platform’s unique approach to providing insurance coverage for digital assets sets it apart from other DeFi projects, and its staking and governance mechanism offers additional incentives for token holders. However, as with any investment, it is crucial to consider the risks and conduct thorough research before investing.
What is the inSure DeFi ecosystem?
The inSure DeFi ecosystem is a decentralized platform designed to provide insurance coverage for various cryptocurrency investments. Its primary aim is to protect investors from market fluctuations, scams, and other risks associated with digital assets. The ecosystem utilizes the SURE token as its native currency, which can be used to purchase insurance policies, vote on governance proposals, and participate in staking programs.
What is the potential of inSure DeFi?
The potential of inSure DeFi lies in its ability to address the risk management needs of cryptocurrency investors. As the adoption of digital assets continues to grow, the demand for insurance products that protect these investments will likely increase. By offering a decentralized platform for insurance coverage, inSure DeFi has the potential to become a significant player in the DeFi space.
Where can I buy inSure DeFi crypto?
inSure DeFi (SURE) tokens can be purchased on a variety of cryptocurrency exchanges, including Uniswap, Sushiswap, and 1inch. To buy SURE tokens, you will typically need to exchange them for another cryptocurrency, such as Ethereum (ETH) or Tether (USDT).
What is the price prediction for DeFi in 2025?
Given the rapidly evolving nature of the cryptocurrency market and the decentralized finance sector, it is challenging to provide an accurate price prediction for inSure DeFi in 2025. However, considering the platform’s unique value proposition and its potential for growth, it is possible that the SURE token could experience significant appreciation in the coming years.
How much will the DeFi coin be in 2030?
As with the 2025 price prediction, it is difficult to determine the exact value of inSure DeFi (SURE) in 2030. However, if the platform continues to innovate and expand its services, the demand for SURE tokens could increase, leading to a higher token valuation.
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