QuickSwap price movement: how will the partnership with CelsiusX impact the value of QUICK?

QuickSwap QUICK/USD is a decentralized exchange that runs on top of the Polygon Network as a means of providing faster as well as cheaper transactions on Ethereum.

QUICK is the native cryptocurrency token used to vote on proposals governing QuickSwap and can be staked as well, which lets its stakers earn a portion of the trading fees.

The CelsiusX Partnership as a catalyst for growth

In October, we covered where to buy QuickSwap (QUICK).

On February 2, 2022, we saw an official announcement from the Celsius Network Twitter page that they are partnering up with Polygon and QuickSwap.

This marked one of the most significant, recent developments for QuickSwap, as CelsiusX is the DeFi arm of the Celsius banking as well as financial services platform specifically focused on CeFi and DeFi integrations.

Through this partnership, QuickSwap can also create wrapped versions of popular tokens, such as Cardano ADA/USD, Dogecoin DOGE/USD as well as others, which do not currently have a large presence on Polygon.

Additionally, liquidity pools can also be created for these assets to let users, bots, arbitrageurs, and institutions gain easy access to the tokens.

Holders of those tokens can also gain another way through which they can earn a yield on their holdings.

Should you buy QuickSwap (QUICK)

On February 3, 2022, QuickSwap (QUICK) had a value of $180.43.

In order for us to get a better perspective as to what kind of value point this is for the QuickSwap token, we will be going over it’s all-time high value alongside its performance throughout January.

The all-time high value of the QuickSwap (QUICK) was on April 30, 2021, when the token reached a value of $1,590.57. This means that at its ATH value, the token was $1,410.14 higher in value or by 781%.

When we go over the performance of the QuickSwap (QUICK) token in January, we can see that the token’s highest point of value was on January 1, when it had a value of $369.14.

However, the lowest point the token had was on January 24, when it decreased to a value of $159.94. This marked a decrease in value of $209.2 or by 56%.

From January 24, however, to February 3, the token increased in value by $20.49 or by 12%.

With this in mind, at a value of $180.43, QuickSwap (QUICK) is a solid buy as it can increase to $250 by the end of March 2022.

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