In this guide, we will voice our own and market’s opinion on IOST future while discussing IOST price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like IOST.
Now, let’s head into it. Before we delve deep into the IOST price prediction and answer questions if IOST is a good investment or not, why will IOST succeed or fail or why will IOST price rise or drop, let’s quickly throw a glance at what is IOST and its to date history.
What you'll learn 👉
What is IOST?
IOST is a decentralized blockchain network based on the “Proof of Believability” (“PoB”) consensus algorithm. The project’s mission is to build the “architecture for online services that meets the security and scalability needs of a decentralized economy”.
IOST raised $35.0MM (~ 35,000 ETH) via a private token sale in December 2017 and its mainnet was launched in February 2019.
Originally the IOST token was an ERC20 token that was sold during the ICO, but since the launch of the IOST mainnet, holders have been able to swap their old ERC20 tokens for the new IOST mainnet tokens.
The IOST token can be used for payments between users and services, transaction fees for using the system, and as part of the “believability scores” that is unique to the IOST platform.
IOST Price Prediction For The Next 90 Days
As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.
Below is a tabular overview of how will IOST develop in the short-term (for the next 90 days), according to our prediction model:
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IOST Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the early months of 2024, with Bitcoin leading the charge. The digital currency has seen an impressive gain, now trading well above $70,000, a significant increase that underscores the renewed institutional interest and positive momentum within the sector. The market has demonstrated growth, with its total market capitalization soaring to $2.65 trillion (it around $1 trillion in June last year).
This resurgence is buoyed by several factors, including the approval of Bitcoin spot ETFs in early 2024, which has played a pivotal role in attracting institutional investors and boosting market confidence. Moreover, the anticipation surrounding the Bitcoin Halving event, now just days away, has further fueled investor enthusiasm, with many expecting it to have a positive impact on Bitcoin’s price. The growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies.
Looking ahead, the market is poised for what many experts believe could be a prosperous period. The potential approval of Ethereum ETFs later in the year is another eagerly awaited development, which could further validate the cryptocurrency market and attract a new wave of institutional investment.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
IOST Price Prediction 2025 – 2030 – 2040
Our prediction model sees IOST faltering in 2030 and dropping down to $0 or almost $0.
IOST price in 2030 & 2040 could be close to zero as we don’t see a bright future for it in the distant future. The project offers no unique value to set itself apart from countless competitors, hence we don’t think it is worth investing in this coin for the long term.
What will IOST be worth in 5 years?
The price of IOST in 5 years could lie around $0, according to CaptainAltcoin’s prediction model.
What IOST will be worth in 2030?
Our forecasting model sees IOST reaching $0 in 2030.
What IOST will be worth in 2040?
Our forecasting model sees IOST reaching $0 in 2040.
Will IOST replace / surpass / overtake Bitcoin?
No, IOST will not replace or overtake BTC.
Can IOST reach $0.10?
No, our prediction model sees no possibility for IOST to reach $0.10 in the short or mid-term period.
Can IOST reach $1?
No, our prediction model sees no possibility for IOST to reach $1 in the short or mid-term period.
Why will IOST fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will IOST go?
Our forecasting model sees IOST price crashing and dropping to near 0 in a distanced future.
Is IOST worth buying?
We do not see a bright future for IOST. It is worth buying only as a short-term speculation with a good exit strategy. IOST is not a good long-term hold.
Is IOST a good investment?
IOST is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.
Can IOST make you a millionaire?
No, IOST can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.
How much will IOST be worth?
For the short-term future, it could reach $0.0056. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.
Why will IOST succeed and go up in price?
IOST has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents IOST to succeed and rise in price for the long-term.
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