In today’s digital world, privacy is becoming rare.
As we move towards using less cash, our financial transactions, which were once private, are now being recorded, tracked, and sometimes even examined.
To address these concerns, the crypto world offers decentralization and transparency, focusing on privacy in digital transactions. Privacy-focused cryptocurrencies, known as privacy coins, are digital currencies that emphasize keeping transactions anonymous. They use advanced cryptography to hide the identities of the sender and receiver and the transaction amount. One such project is the Beldex coin, which stands out by offering a privacy-focused approach to digital transactions.
Beldex: A Quick Introduction
The Beldex platform is strengthened by a varied group of experts in marketing, finance, and law. Among its advisors are well-known individuals like Michael Terpin, who runs Transform Group, a top blockchain advisory firm, and Jason Hung, co-founder of TimeBox, a blockchain-based data storage platform.
Beldex has also established significant partnerships within the blockchain sector with companies like DWF Labs and Geometry Labs. DWF Labs, a Web3 investment firm, has committed $25 million to help with Beldex’s research and development. They also play a key role in supporting and marketing Beldex, helping to increase its visibility and user base. Geometry Labs, specializing in blockchain solutions, works with Beldex to improve its network’s ability to handle more transactions by updating its RingCT protocol to make transactions smaller and more efficient.
Beldex’s technology, especially the Beldex Privacy Protocol (BPP), provides enhanced privacy and security to its users. The BPP uses advanced technologies such as ring signatures, stealth addresses, and confidential transactions to keep user activities private on its blockchain.
Beldex is also the first Shariah-compliant exchange, catering to Islamic traders and cryptocurrency enthusiasts worldwide. It uses master nodes, which enhance network security and reward operators with BDX coins for verifying transactions and maintaining the blockchain.
Looking ahead, Beldex plans to launch a decentralized exchange (DEX) that allows users to trade cryptocurrencies directly with each other, increasing privacy and security in transactions. This focus on privacy and security is particularly relevant today and positions Beldex for future growth.
Beldex Offerings
Beldex has developed BChat, a secure messaging app where messages are only visible to the sender and receiver. The messages are encrypted and travel through nodes on the Beldex Blockchain. To set up an account, users receive a public key for identification and a private key to recover their account, with all data being stored on encrypted, decentralized nodes.
Belden also offers BelNet, a decentralized VPN VPNN) service that enhances privacy by hiding your IP address. It routes internet traffic through secure, decentralized nodes within the Beldex network, providing more privacy than traditional, centralized VPN services.
Additionally, the Beldex Browser boosts user privacy by blocking cookies, Javascript, and metadata. It does not track or store browsing history, which helps prevent targeted advertising.
Beldex Price Prediction: Price History
Before we go any further, let’s review Beldex’s price history to help understand the potential price prediction for Beldex (BDX) in 2025. However, keep in mind that past performance doesn’t guarantee future trends.
BDX entered the market on June 15, 2019, at $0.06. In the first few weeks, the price dropped to $0.05 by the end of June. After that, it gradually increased, reaching $0.085 in July. By August, BDX had climbed above $0.09, largely due to growing interest in privacy-focused cryptocurrencies.
However, sellers soon took advantage of this, causing the price to fall back to $0.06 by September. Despite hovering in a narrow range, BDX made a push by the end of 2019, trading above $0.10.
At the start of 2020, the price dropped to $0.04, influenced by an inactive community and bearish investor sentiment. In September, BDX began to recover, rising to $0.15 by February 2021, driven by increased interest in its privacy features. But by May 2021, it had fallen again to $0.05 due to high volatility and limited network activity.
In the fourth quarter of 2021, BDX briefly surged to $0.13 but soon dropped again. The coin’s resilience during this period was linked to the strength of the Beldex platform and its focus on privacy.
Throughout 2022, BDX continued to decline, falling to $0.09 in April and $0.06 in July, following a broader crypto market crash. By February 2023, it hit a new low of $0.03, likely due to slow network developments and limited utility.
However, the price of BDX later surged to $0.05 by the end of 2023’s December. In 2024, the price of BDX started to decline despite bullish market sentiment. The price dropped toward the low of $0.033 in May.
However, in recent weeks, BDX’s price made a notable surge as it headed above $0.057.
BDX Price Prediction: Technical Analysis
BDX price closed above $0.058, but the failure to push the price higher led to profit-taking by short-term traders, pulling the price back below the breakout level. As of writing, BDX price trades at $0.057, declining over 0.6% in the last 24 hours.
The 20-day EMA is a crucial level for the bulls to defend. If the price bounces off the 20-day EMA, buyers will try to push the price above $0.06. If successful, the BDX/USDT pair may surge to $0.068.
Conversely, a break below the 20-day EMA will indicate that bullish momentum is weakening. In that case, the pair could drop to the 50-day SMA, potentially keeping the pair within the $0.05 to $0.047 range for some time.
BDX Price Prediction: By Experts
According to Coincodex’s current Beldex price prediction, the price of Beldex is expected to increase by 5.35%, reaching ₹4.89 by October 31, 2024. Their technical indicators show a bullish sentiment, while the Fear & Greed Index is at 50, indicating a neutral outlook. Over the past 30 days, Beldex had 16 out of 30 (53%) green days with a price volatility of 2.77%. Based on this forecast, Coincodex suggests that it is a good time to buy Beldex. Considering historical price movements and Bitcoin halving cycles, the projected yearly low for Beldex in 2025 is ₹3.20, while the price could reach as high as ₹5.75 next year.
According to Digital Coin Price, market analysts and experts forecast that by 2026, BDX will start the year at $0.17 and trade around $0.21. This projection represents a substantial increase compared to the previous year, making it a noteworthy jump for Beldex. By early 2030, technical analysis and price predictions indicate that the cost of Beldex could reach $0.40, with BDX expected to maintain this price by the end of the year. Additionally, BDX might rise to as much as $0.38 during this period. The period from 2024 to 2030 is anticipated to be pivotal for Beldex’s growth.
Is BDX a Good Investment? When to Buy?
Beldex aims to improve privacy and security in digital transactions. By focusing on privacy-focused solutions, it allows users to make transactions confidentially, keeping their financial information hidden. However, its recent adoption and acceptance have slowed down, making it less appealing to traders. That said, the token could gain traction in the future if its strong development plan succeeds, and investing ₹3 might turn out to be profitable.
Conclusion
Beldex offers a unique combination of features that attract both traders and investors. With its hybrid decentralized exchange system, strong privacy measures, and consistent market performance, Beldex presents a compelling option for those interested in cryptocurrency. However, it’s crucial to acknowledge the risks involved in investing, making thorough research and financial advice essential before making any decisions.
In short, Beldex has positioned itself as a cryptocurrency worth considering. With its innovative features and growing market presence, it has the potential to become a strong player in the crypto market.