Both the market cap and value of the IOStoken (IOST) cryptocurrency have greatly reduced over the period of the past two months. At the beginning of January 2018, the market cap was above $800 million and at the moment it is around $184 million; meaning, the market cap has reduced by almost $700 million.
On the other hand, the market prices have also reduced greatly to currently value at $0.021921 down from above $0.12 at the beginning of January 2018.
At the beginning of February, the crypto coin had tried to improve on its market price, but only to start depreciating again in Mid-February and the bearish trend has been going on for the last three weeks till March 9th.
As from 9th March, the prices then started moving up registering a rise of approximately 23.5% in the last three days. Although this is still a small change, it is a good sign for investors especially to those who are eagerly waiting for the optimum time to purchase the coin since they see a great future ahead.
Comparing the the maximum amount of coin supply of 21,000,000,000 IOST to the current circulating supply of 8,400,000,000 IOST, you will realize that the blockchain network has a long way to go.
All eyes are now on the $0.1 level with high hopes that the IOST price will go through the $0.1 by the end of the Q1 of 2018 or beginning of Q2.
What factors will push this crypto coin that high?
The IOStoken (IOST) is based on the Ethereum technology. The core of the cryptocoin is the dAPPs and smart contracts. Users have the liberty to develop usable contracts while enjoying the efficiency and stability due to the use of Virtual Machine.
There are also quite a number of able and influential partners who have seen it wise to partner with IOST. Considering that no investor can partner with any business without having confident that it will do well in the near future, IOStoken has proven itself worthy to earn itself these partnerships.
IOST has succeded to partner with ZhenFund, SEQUOIA, matrix, INBlockchain, Huobi, Metropolis VC, Nirvana Capital, DFund, Danhua Capital, LINKVC, NODE CAPITAL, F|B|G CAPITAL, FUNCITY, K2VC, GENESIS, AlphaCoin Fund, ChainFunder, Brink Asset, Brixin AND Consensus Capital. All this partnerships shows the potential that this crypto coin has to grow.
Where to purchase IOStoken
If you want to purchase IOStoken (IOST) coins, you can go to the following online cryptocurrency exchange platforms where IOST is listed: Binance, Huobi, OKEX, CEX.com, BigONE, COBINHOOD, KuCoin and OTCBTC.
With time the crypto coin will continue to expand its list of exchange platforms where it is listed.