In this guide, we will voice our own and market’s opinion on IOST future while discussing IOST price forecast for 2022 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 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
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will IOST develop in the short-term (for the next 90 days), according to our prediction model:
IOST Price Prediction 2022
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
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 $0.0051. 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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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com