Dogs have been a large part of the crypto community since Dogecoin’s launch in 2013. But Pawtocol (UPI) is offering a different kind of pet-themed cryptocurrency. The aim of this new crypto project is to collect data from pet owners and improve the well-being of their animals.
In 2020, $103bn was spent on pets in the US alone. Pawtocol wants to give crypto rewards to owners who share information about their pets.
Pawtocol is tapping into a huge market: globally, the pet care market has grown from $216bn in 2020 to $232bn in 2021. Pawtocol’s acquisition by New Wave Holdings attracted plenty of attention late in 2021. What is the latest Pawtocol price prediction? How to buy Pawtocol？Read on and you will find the answer.
What is Pawtocol (UPI)?
Blockchain technology is being used across many industries to provide solutions to modern-day problems. Pawtocol wants to help pet owners by collecting data about their animals.
This data is stored on the blockchain, which verifies it as a source of truth, making it easier for vets to see a pet’s medical history. The Pawtocol app can recommend toys, foods and medicines to improve a pet’s wellbeing.
Users can share data about their pet and in return earn the native currency, Universal Pet Income (UPI). UPI can be used to buy pet supplies and sold on exchanges.
Pawtocol’s price history
UPI launched on 10 June 2020 at $0.011, and immediately plummeted over its first days of trading. It had dropped to $0.004 by 16 June, but saw a small price boost after it was listed on CoinSpeaker on 25 June. UPI reached a peak of $0.008 on the day of the announcement before dropping to $0.004.
The pet token saw another slight price rise in July, after Pawtocol tweeted a picture of its dog tags for the first time. However, UPI was not able to get past $0.007 and then dropped below its launch price, where it stayed for most of the year.
UPI had its biggest price surge yet in December, after it experienced wide media coverage. According to Pawtocol’s Twitter feed, it was featured on Bloomberg TV, Newsmax TV and the San Francisco-based KRON4. UPI reached its peak on 17 December, when it climbed to $0.019.
Pawtocol’s next rally in April 2021 came after the release of details about its pet tags. Through buying NFTs, investors would be able to virtually adopt a pet in an animal shelter. UPI performed bullishly throughout the month, peaking at $0.06 on 9 April.
At the end of May, however, the pet token started to plummet once more, dropping below $0.02 at the beginning of June. Despite a peak that month to $0.39, the token fell below its launch price. UPI was unable to break past this barrier for the next few months.
Pawtocol price prediction
Despite the recent price fluctuations of Pawtocol, UPI price predictions vary. DigitalCoinPrice thinks it will hit $0.0254 towards the end of August, and stay around that mark for a while. Its Pawtocol price prediction for 2025 expects it to reach an average of $0.0362. DigitalCoinPrice forecasts a value of $0.0850 in 2030, and for UPI to be nearly worth ten cents ($0.0953) in 2031.
WalletInvestor called UPI an “awesome” long-term investment. Its Pawtocol price prediction for 2022 is for the coin to break the $0.05 mark in November. It expects more growth in the following years, suggesting that in five years’ time the coin could be worth $0.13.
PricePrediction.net estimates UPI could be worth $0.021 in August 2022, increasing slightly to $0.024 in December. The site forecasts an average value of $0.068 in 2025, and makes a Pawtocol price prediction for 2030 of $0.44.
Gov.Capital also predicts Pawtocol will break $0.05 in November this year, and be worth $0.837 in five years’ time.
Closing thoughts
There are certainly some optimistic Pawtocol price predictions out there. Does funding from New Wave Holdings mean that it has a chance to live up to the high expectations? Only time will tell whether Pawtocol can become a key part of the pet community.
Hope this article can provide you with a better understanding about How to buy Pawtocol.
