IOST/BTC Long-term Prediction

in #iost7 years ago (edited)

Here's my personal break-down of where IOStoken compared to BTC is headed.

Note: Amateur/rookie opinion.

Fundamentals:
The fundamentals are strong for IOST. Capable and professional team.
Smart contracts and DApps. Unique and scalable Proof-of-Believability mechanism.

Added note: If something as rubbish as TRON and XRP tokens (with no usable function) can reach 40c and $3.30 with a 100 billion total supply each respectively, then IOST with 21 billion can certainly reach minimum that price if not higher.

IOST has lower total supply compared to ADA which was also sitting at the current dollar price

Technicals:
Difficult to trace future price for a new token, but current price is almost x4 lower than what it was (end of Januray to present).
Sellers have almost run dry based on volume . Descending triangle pattern could indicate beginning of bullish sentiment and investment.

Long-term price prediction in USD terms $0.4-$1+ (depends on BTC/USD price rise)

My opinion: a good long-term hold

Always like learning from and hearing other people's thoughts.

Here's a link to view the original analysis in Tradingview:
https://www.tradingview.com/chart/IOSTBTC/ZOxU34pF-IOST-BTC-Long-term-Prediction/

For a more in-depth look at IOST's fundamentals see the post by @piljae via the following link (translate to English): https://steemit.com/coinkorea/@piljae/scalability-ios-iost

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