In this guide, we will express our and the market’s opinion on the future IOST as we discuss IOST price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like IOST.
Now, let’s get into it.
Before we delve into IOST price prediction and answer questions about whether IOST is a good investment or not, why IOST will succeed or fail, or why IOST price will rise or fall, let’s quickly take a look at what IOST is and its history to date.
Table of Contents:
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 “an architecture for online services that meets the security and scalability needs of a decentralized economy.”
IOST raised $35.0 million (~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 sold during the ICO, but since the launch of the IOST mainnet, holders have been able to exchange 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 “credibility scores” that are unique to the IOST platform.
IOST Price Prediction for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
IOST Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
IOST Price Forecast 2025 – 2030 – 2040
Our forecasting model sees IOST faltering in 2030 and falling to $0 or nearly $0.
The IOST price in 2030 and 2040 could be close to zero as we don’t see a bright future for it in the distant future. The project doesn’t offer any unique value to stand out from countless competitors, so we don’t think it’s worth investing in this coin in the long term.
How much will IOST be worth in 5 years?
The price of IOST in 5 years could be around $ 0
How much will IOST be worth in 2030?
Our forecasting model sees IOST reaching $0 in 2030.
How much will IOST be worth in 2040?
Our forecasting model sees IOST reaching $0 in 2040.
Will IOST replace/surpass/surpass Bitcoin?
No, IOST will not replace or exceed BTC.
Can IOST reach $0.10?
No, our forecasting model sees no chance for IOST to reach $0.10 in the short or medium term.
Can IOST reach $1?
No, our forecasting model sees no chance for IOST to reach $1 in the short or medium term.
Why will IOST go bankrupt and go down in price?
Cryptographic projects fail for various reasons. Some of the most common are: the 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 a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will IOST go?
Our forecast model sees the IOST price fall and fall to almost 0 in the distant future.
Is it worth buying IOST?
We don’t 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. Because? Well, it faces fierce competition from other similar crypto projects, it doesn’t stand out for its technology and innovation, it doesn’t have a real community (not counting speculators and the hype-chasing crowd), and the team behind the project isn’t proven.
Can IOST make you a millionaire?
No, IOST can’t make you a millionaire as we don’t see it doing a 10x price increase anytime in the future.
How much will IOST be worth?
For the short-term future, it could reach $0.0045. In the long term (8-10 years), it will most likely drop to 0 or so.
Why will IOST succeed and go up in price?
IOST has little chance of success. He has no first-time advantage, he doesn’t bring any unique value proposition, he has a weak team and a small community behind him. All this summarized prevents the IOST from being successful and increasing the price in the long term.