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Price Analysis

IOST Price Analysis: IOST Price Surges On Support from $200M Blockchain Fund

IOST coin costs are taking off; the most recent ascent pursues noteworthy speculation from another Chinese blockchain support, which will give help just as subsidizing for the venture arranged blockchain. In simply 2.5 months’ post mainnet, IOST has achieved 300,000 client accounts and 50 million system exchanges and is changing the scenario by making a mass crypto selection.

  • Block Group, a Beijing based organization, has invested around $200 million, being impressed with the overall security and versatility of the coin.
  • In mid-March, Block Group reported interest in Nuls, a Singapore-based group hoping to create blockchain answers for endeavors.
  • Post the investment announcements, the prices of IOST have shown an upward trend with IOST’s market capitalization picking up $16M in just a couple of hours.

Let us look at the current statistics of the coin:

IOST chart

  • Current ranking of the coin is number 51.
  • As per 6:59 UTC time, the market value of the coin was 146,373,919 USD.
  • Price of the coin was 0.012184 USD.
  • 24-hour volume figures are 28,146,938 USD.
  • 12,013,965,609 coins are currently in circulation.

Comparison:

  • On 6-April-2019, there was a sharp splurge in the price of the coin and price increased to 0.018068 USD as per 2:01 UTC time.
  • Current market cap has reduced by 1.8% as compared to yesterday’s figures, and the price of the coin has also decreased by the same percentage.
  • As compared to the price increase on 6-April-19, the current price of the coin shows a downward trend in terms of decrease in the value of the coin by around 32%.

Conclusion:

EDS and PoB testing are slated for Q2 2019, while IOS shrewd contracts and HUDS should dispatch by the end of the year. This will impact the price of the coins over the period of time, and by the end of this year, it is expected to reach around $0.03. With a solid idea and shockingly positive help from blockchain specialists and financial specialists alike, IOST costs have a high potential inside five years to reach somewhere in the range of USD 0.025 to USD 0.25. The IOST stage has goal-oriented objectives, and it is advised to purchase the coins only if you can hold it at least for the next 5 years for better returns.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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