IOCOIN $IOC is posed for a huge year and here is why
In this article we will break down fundamentals, technicals, and the upcoming year that in my opinion will catalyst IOCOIN’s price. Let’s start off with some fundamentals.
THE FUNDAMENTALS
Currently IOC has a delivered working product and has laid a strong foundation to build off of. IOC has many of the features working that alot of ico and smart contract tokens are aiming to achieve. Encrypted messaging, aliases, 4 mb blocks, and file transfer/upload directly into their blockchain. The coin has almost 4 years working code and feel comfortable with the capabilities they can achieve. The community while small is engaged and the team intact with future developmental goals and projects in the pipeline.
THE TECHNICAL ANALYSIS
The long term outlook from a technical standpoint has an extremely bullish outlook. Lets take a look at the 3day chart. we had a strong impulsive move off the 11k low into the North American Bitcoin Conference Event which like most events turned into a more buy the rumor sell the news. With that said this is a buy opportunity. We found support into the OTE Zone at 25k and look to have bottomed out as sellers dried up. Its quite healthy after an impulsive move to the upside to retrace as far back as even 88 percent. Higher lows and consolidation before the next upswing. The support held at the current 25k 26k level during bitcoin’s correction which is another sign that we are bottoming. The alt market is now waiting for the next cycle and a stable btc.
3day oscillators and kdj reseting with up targets of 50k, 75k, 90k than new highs in 2018
MARKETCAP AND SUPPLY
16 million coin supply, and a current market cap of approximately 36 million usd puts this coin in extreme undervalued bucket of coins. Projections of 500 million market cap plus is achievable by 2018 in my honest opinion. 50 percent of all existing coins are staking, and stakers are earning 4 percent annually if I am correct which is a pretty significant upgrade and ROI. Sell supply is extremely thin and its only a matter of time before this coin gains traction. 60 million coins for sale on average in bittrex. We saw this type of book with Decred and Ethereum before they went parabolic.
THE FUTURE DEVELOPMENT
IOC Team is setting up for a strong 2018 with their lineup of developments. Stealth addresses, Masternodes (Graduated Staking), Ring signatures, Scientific Computation, voting ballots, enabling group messaging and some other hinted releases the team has spoke about through their community.
If you havn’t watched Joel Bosh the founder of IOC passionate speech at the North American Miami Bitcoin Conference, i recommend doing so, its a good 25 min talk of the journey and future expectations of the project. Like everything this is not intended as investment advice, so always DYOR.
whitepaper https://www.docdroid.net/0hq7LH9/io-whitepaper-v2-final.pdf#page=20
telegram https://t.me/iodigital
website www.iocoin.io
