Price Analysis

IOST (IOST) Price Prediction: It’s Raining Transactions on IOST’s Blockchain, Just Within A Month of Mainnet Launch

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IOST claims to unleash the power of blockchain with its classic technology. It is a decentralized, super-fast blockchain network based on next-generation consensus algorithm “Proof-of-Believability.” This project is developed by a team of highly talented, versatile and experienced crypto founders and has the support of world-class investors. It is aimed to be the underlying architecture for online services which are aware of the scalability and the security needs of a decentralized economy.

Current status of IOST:

  • IOST is currently getting traded at 0.010636 USD (UTC time 04:04).
  • With a market cap of 127,775,034 USD and a circulating supply of 12,013,965,609 IOST, it is the 48th largest crypto in the crypto sphere.

Price analysis of IOST:

IOST

  • The above chart shows that IOST is currently getting traded at 0.010621 USD or 0.00000201 BTC (UTC time 04:06). Its present market cap is worth of 127,600,142 USD with a 24h volume 28,697,589 USD.
  • The same chart shows that approx. One month earlier, IOST had a trading value of 009662 USD.
  • So, within this approx. 1-month period, the value of IOST has been increased by 9.92% with 0.009886 USD as a good support resistance.

Future price predictions of IOST:

According to the latest news release of IOST, this is definitely a super application-friendly next-generation public blockchain network that has reportedly launched an ‘application-ready mainnet.’ It features ‘multiple live’ decentralized applications. This project has also caught wide attention of various talented software architects all over the world who can actually develop applications on its platform. It is on 6th April, this year, when IOST network had reportedly processed more transaction than ETH. So, one can well imagine the capacity of IOST. Just after this amazing performance, it registered 580,231 transactions on its network, compared to ETH which only did 558,272 transactions on the same day.

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More than 25 million transactions got processed on its blockchain, and as per the press release, it has various benchmarks within a month after its mainnet launch. These benchmarks include the following-

  • It launched 9 DApps which includes a USD-pegged stablecoin and 6 games.
  • It already got listed and traded on 26 crypto exchange platforms.
  • It processed 25 million transactions, reaching a summit of 580,231 transactions /day.
  • It registered more than 213,000 live accounts on its network. Approx. 15,000 wallets got added per day.
  • More than 100 partners and developers got involved in its enriching community.

With such a speedy performance and highly attractive features, it is of no doubt, that in future also, its progressiveness can beat the queen of the crypto, i.e., Ethereum to a major extent. We think that investing in this crypto can be a very good idea as it has been continuously adding supporters after reaching the benchmarks mentioned above. It is our verdict that it can trade around $0.032 by the end of this year.

Conclusion:

IOST is a very promising cryptocurrency with lots of hopes from investors and crypto enthusiasts. It has already proved itself much worthy in compared to one of the leading cryptos. It is still developing, and many more updates will soon be launched. So, one can definitely consider investing in this crypto for a good amount of profit in the future.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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