Cream Coin: A Smart Investment Decision?

C.R.E.A.M. Finance (CREAM) is a decentralised finance (DeFi) lending protocol that provides financial services to individuals, institutions, and other protocols. It is a part of the yearn.finance ecosystem and operates as a permissionless, open-source, and blockchain-agnostic protocol. CREAM is an ERC-20 token built on the Ethereum blockchain. It is integral to the protocol, enabling users to lend, borrow, stake assets, and participate in the governance of the network. The current market sentiment is bearish, with a fear and greed index of 29. In this context, is CREAM coin a good investment?

Cream Finance's CREAM token price history

C.R.E.A.M Finance (CREAM) is a decentralised finance (DeFi) lending protocol that allows users to lend, borrow, stake assets and participate in the governance of the network. The project, which stands for "Crypto Runs Everything Around Me", was launched on the Ethereum network on 3 August 2020 through the YOLO liquidity pool.

The CREAM token has a total supply of 9 million coins, with around 150,000 currently in circulation. This number will increase as more tokens are released monthly to stakeholders and liquidity miners. The price of CREAM has fluctuated since its launch, with an initial low of just over $12 USD followed by a significant increase to $280 USD within a month. While the price has since decreased, it remains in an uptrend.

The live Cream Finance price as of August 2024 is $15.26 USD with a 24-hour trading volume of $3,489,868 USD. Cream Finance is ranked #657 on CoinMarketCap, with a live market cap of $28,313,856 USD. The all-time high of Cream Finance was $368.26 USD.

Cream Finance's development has been erratic, with new updates being released almost daily since its launch. The platform aims to support important tokens in the DeFi sector, including major stablecoins, governance tokens, and leading cryptocurrencies. The CREAM token can be staked for up to four years to accrue rewards, but it is important to note that there is no admin unlock available, and rewards are only given at the end of the staking period.

CREAM's market cap

CREAM, the native token of the C.R.E.A.M. Finance protocol, has a market cap of $28.3 million as of August 19, 2024. The current price of CREAM is $15.26, with a 24-hour trading volume of $3,489,868. The token is down 5.19% in the last 24 hours and has a circulating supply of 1,855,659 CREAM coins.

CREAM is an ERC-20 token built on the Ethereum blockchain. It is integral to the C.R.E.A.M. Finance protocol, allowing users to lend, borrow, stake assets, and participate in the governance of the network. The token is distributed to users who interact with the protocol by lending, borrowing, or providing liquidity.

The C.R.E.A.M. Finance protocol is a decentralised finance (DeFi) lending protocol that provides financial services to individuals, institutions, and other protocols. It is part of the yearn.finance ecosystem and operates as a permissionless, open-source, and blockchain-agnostic protocol. The protocol allows users to deposit assets such as Ether or wBTC and receive compensation in the form of the CREAM token, similar to a traditional savings account.

The C.R.E.A.M. Finance protocol was launched unexpectedly on the Ethereum network on August 3, 2020, through the YOLO liquidity pool. It was created as a fork of Compound Finance by Taiwanese entrepreneur Jeffrey Huang, who also founded Mithril, an Ethereum-based social media platform.

CREAM's price predictions for 2025 and 2030

CREAM, the native token of the C.R.E.A.M. Finance protocol, is currently trading at $15.26 USD. The protocol is a decentralised finance (DeFi) lending platform that allows users to lend, borrow, and stake assets.

2025 Predictions

According to one source, CREAM is predicted to trade within a price range of $16.94 and $80.19 in 2025. This prediction suggests that the token could gain 402.79% by 2025 if it reaches the upper price target.

Another source predicts that CREAM will be worth about an average price of $69.06 in 2025. This source also forecasts that the token could reach a maximum price of $80.58 in 2025, with an average trading price of $69.06.

2030 Predictions

For 2030, the first source predicts that CREAM will trade between $42.86 and $69.49. This would represent a 335.69% gain by 2030 if the token reaches the upper price target.

The second source estimates that CREAM will reach a minimum value of $391.23 in 2030, with a maximum value of $482.37 and an average trading price of $405.90.

While these predictions suggest significant growth potential for CREAM, it is important to remember that cryptocurrency markets are highly volatile and unpredictable. These forecasts should not be considered investment advice, and thorough research is essential before making any investment decisions.

CREAM's price prediction indicators

Moving Averages (MA):

Moving averages smooth price action over a given period. Cream Finance's 50-day SMA is currently $39.15, and its 200-day SMA is $40.35. SMA is commonly used to determine an asset's price trend in the medium to long term. A rising SMA indicates a positive price trend, while a falling SMA suggests the opposite. As of August 15, 2024, the general sentiment based on moving averages is bearish.

Exponential Moving Average (EMA):

EMA gives more weight to recent prices and is, therefore, more reactive to price action. EMA can also be used to identify important resistance and support levels. A rise above the EMA can be seen as bullish, while a drop below can indicate weakness in the CREAM market.

Relative Strength Index (RSI):

The RSI is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). CREAM's 14-day RSI is at 13.18, indicating that it is currently overvalued and its market is in an oversold position. This suggests that the price of CREAM will decrease.

Simple Moving Average (SMA):

SMA calculates the average price of an asset over a specific period. For CREAM, the 50-day and 200-day SMAs are estimated to hit $32.54 and $42.97, respectively, by September 14, 2024.

Technical Analysis Indicators:

According to technical analysis indicators as of August 15, 2024, the general sentiment for CREAM is bearish, with 8 indicators signalling bullish signals and 25 signalling bearish signals.

Fear & Greed Index:

The Fear & Greed Index combines market and investment indicators like volatility and trading volume. It currently stands at 29 for CREAM, indicating that investors' sentiment is in the "Fear" zone. This could suggest a buying opportunity for some traders.

Price Targets:

Based on historical price movements and BTC halving cycles, CREAM's price prediction for 2025 is between $16.94 and $80.19. For 2030, the price prediction is between $42.86 and $69.49. These forecasts suggest significant potential gains for CREAM in the long term.

Cream Finance's roadmap

Cream Finance, also known as C.R.E.A.M., is a decentralized finance (DeFi) lending protocol that provides financial services to individuals, institutions, and other protocols. It is part of the yearn.finance ecosystem and operates as a permissionless, open-source, and blockchain-agnostic protocol.

Cream Finance was launched on the Ethereum network on August 3, 2020, through the YOLO liquidity pool. In September 2020, it became operational on the Binance Smart Chain. The protocol was created as a fork of Compound Finance by Taiwanese entrepreneur Jeffrey Huang, who also founded Mithril (MITH), an Ethereum-based social media platform.

Cream Finance's development has been described as erratic, with new updates being posted almost daily since its launch. The project has been transparent about all the changes made to the protocol, but it does not appear to have a clearly defined roadmap.

Cream Finance Roadmap:

• August 3, 2020: Cream Finance was launched on the Ethereum network through the YOLO liquidity pool.
• September 2020: Cream Finance went live on the Binance Smart Chain, becoming operational on a major smart chain.
• September 4, 2020: Cream Finance released Swap, an automated market maker (AMM) and fork of Balancer with a Uniswap-like frontend.
• September 11, 2020: Cream Finance launched a second version of its protocol on the Binance Smart Chain.
• September 20, 2020: 67.5% of the initial CREAM token supply was burned after community discussion, leaving a new max supply of just under 3 million CREAM.
• September 24, 2020: Tokens allocated to the team, advisors, seed investors, and Compound Finance began to be released monthly over the course of a year.
• October 27, 2021: Cream Finance experienced a flash loan exploit, which was stopped, and the community was reassured.
• September 8, 2021: Cream Finance announced the launch of borrowing/lending services for NFT and Metaverse tokens.
• Future Plans: Cream Finance is currently transitioning to a community-governed decentralized autonomous organization (DAO). The completion of the DAO will likely be a major focus before any other significant changes are made. The future development of the project will then be in the hands of the community.

Frequently asked questions