Will BZR reach $10 by the end of 2024?

The cryptocurrency sector is filled with surprises. Every coin and token has the tendency to grow or plunge by a massive margin to shock the investing community. However, this is something that makes the crypto market more special. People are invested in exploring the market’s potential even with the risks. Coins and projects with strong fundamentals and a thorough roadmap are more likely to make it big in the market. This is something that Bazaars (BZR) is eyeing in the future.
Bazaars is a relatively new blockchain project in the cryptocurrency space. However, it is turning a lot of eyes on itself. The details and plan of the project promise a lot of potential for the network and its native token, BZR. Being split into four stages of development, Bazaars aim to become a fully decentralized network. The project is yet to hit the market completely, but its coin is showing positive signs of a bull run. It is expected that the coin can go on to hit $10 in a dream run, later this year. Therefore, global investors are digging deep to learn more about the scope of the coin.
An introduction to Bazaars
Bazaars is built as Proof-of-Stake (PoS) blockchain protocol. It will also incorporate a peer-to-peer (P2P) marketplace. As a result, investors and traders can conveniently exchange assets. Bazaars will also support smart contracts in their ecosystem that enhance the efficiency and security of the network. The project aims at eliminating the role of any intermediary or middleman.
Bazaars aim at making crypto payments for goods and services easier. Consumers will be enabled to buy daily-life products through the BZR token. They will also be able to sell products for crypto assets. The Bazaars app will become more usable for mobile crypto commerce. Moreover, the Bazaars marketplace will reward BZR tokens for their contributions to the network. They will earn a share of transaction fees on the marketplace.
Four stages of Bazaars
Almost every digital coin follows different phases or stages in its initial development. It is highly critical for the growth of the token. Bazaars have planned four stages for their development. The first one is named Thomas Edison, followed by Yuri Gagarin, Ibn Al Haytham, and Pennsylvania Mutiny. The first three phases are named after scientists, while the last one is named after an anti-government protest in the US. Also, the first two stages are complete while the last two are currently in progress.
In the Thomas Edison stage, Bazaars mobile application was launched for iOS and Android. Also, the BZR token was implemented as an ERC20 smart contract. Through the completion of this stage, Bazaars built a community and provided 24/7 customer support for the members of its open-source software.
In the Yuri Gagarin stage, the BZR token was launched on the Ethereum network, ensuring its compatibility with ERC20 wallets. BZR was released to apps, and its airdrop distribution was also announced. In the ICO of BZR, 20% of the tokens will go to the founding members, 35% to the reserve fund for strategic investors, 10% for network development, 5% for team members, and another 5% to the Bazaars community. The last 25% of the tokens will be up for public sale.
In the Ibn Al Haytham stage, Bazaars will complete its open-source code version. Blockchain 1.0 beta and BZR wallet 1.0 beta will be launched alongside Bazaars app V2.0. Moreover, the BZR token will be listed on additional exchanges.
In the last stage, Bazaars will complete its blockchain development and community governance. Also, the Bazaars explorer and Atomic cross-chain swaps will go live on the network. Centralized and decentralized versions of apps will be created and the BZR ERC20 tokens will be converted into BZR blockchain assets.
Overview of the BZR tokens
The BZR token is currently listed on Uniswap, Coinstore and Tokpie. Upon listing, the price of the token jumped to $1.28 on Apr 16, 2023. This shows the potential of the coin to progress in the crypto market after the completion of its development phase. The Main net launch for BZR tokens is expected in 2024. Experts are expecting a price surge for the token towards the end of this year. The mark of $10 seems probable for the coin.
BZR tokens have a unique model. It aims to provide an e-marketplace for the exchange of products and cryptocurrencies. BZR promises easy and instant payments and transactions while prioritizing their security and safety. Buyers and sellers will have the autonomy to manage their payments. It is believed that the future of online payments is cryptocurrency. Thus, this innovation from Bazaars will go a long way in facilitating online world consumers.
Bazaars acknowledge that the e-commerce sector is plagued with problems like lack of trust, limited payment methods, fraud, and high transactions. However, the crypto e-commerce sector is spreading to provide solutions for these issues. The main problem is that retailers and merchants are unable to incorporate crypto payments in their working models. Bazaars aim to target this section of the digital world.
Bazaars will help in making crypto payments a part of the daily lives of merchants and consumers. These users will be able to safely use BZR for their shopping endeavors, irrespective of their locations. As a result, the usability and acceptance of BZR tokens will increase significantly. More consumers will start accepting and using BZR tokens in their daily lives. It can have a positive impact on the price of the BZR token.
Price Prediction for BZR tokens
The experienced team of developers behind BZR tokens aims to make BZR a go-to platform for the crypto e-commerce sector. Several seasoned investors are backing up the Bazaars ecosystem for feasible crypto payments. Consequently, BZR tokens will have a competitive advantage over its competitors in the crypto market.
Even though BZR tokens started at under $1, it has the potential to go big upon introduction to the live market. After the completion of its development stage in August this year, BZR tokens can outperform many other coins in the market. Many believe that $10 is a farfetched target for BZR but if we see the use-cases offered by BZR, S10 is an achievable target by the end of this year.
The coin will have to prove its worth to the consumer market. If its adoption increases, it will surely experience a surge in prices. The roadmap and project development plan of Bazaars is strong. It has powerful fundamentals which will help the project gain more relevance in the crypto sector.
Moreover, investors are showing more interest in projects that have such use-cases that will make the face of the crypto market in the future. BZR tokens surely have the potential to do so. It is yet to be seen how the BZR token performs when it is introduced on multiple exchanges. The end of the year 2024 might bring hefty profits for the early investors of BZR. The token might aim to reach $10 when the hype around it increases