After a recent bloodbath in cryptocurrency market which happened last week, the market is riding waves with small corrections. Status of the market is now following a bullish trend and I AM POSITIVE!
I talked about in my previous posts on why the Market Plunge happened and how to deal with it without losing:
Today, I will talk about why POE aka Proof of Existence will hit $5 in 2018.
Source: Po.et
Right now it is around 10c i.e $0.1 and I started my research on this coin when it was only $0.01 around 15-DEC-2017. That's exactly 900% raise or 10x raise in a span of almost 1 month. Although it has touched its highest around $0.20, it has gone down 50%.
Have a look at the chart below to see the current Market Cap which is approx 234.8 Million. Extremly small as compared to top coins like Bitcoin, Ethereum and Ripple. The chart is showing signs of resistance around 15-JAN-2018 and again on 20-JAN-2018. It will continue to have a upward trend in JAN and FEB, 2018.
Source: Coin Market Cap
7 Reasons Why POE will explode š° in 2018:
1.Proof Of Existence:
By creating transparency and event in real time which will act as a proof of ownership of a content online. You can create and issue licenses on the content you own. That way you are having the power to actually own the content. The blockchain will have the details as transactions which immutable and verifiable.2.Stong Roadmap for 2018:
Idea for Po.et started in Oct 2016 and the first stage is called Genesis.Since then they have achieved a good number of milestones. We are not currently moving towards the "The Gutenberg Era" as they call it. They are going to add a licensing marketplace in April 2018. Many payment channels will be added in July 2018. The whole map extends till 2020 and they are progressing as per the plan.
Check their roadmap here ā¶ Po.et Roadmap
3.Targeting Media Houses & Premium Publishers:
In their whitepaper, they have mentioned in detail that their plan is to target Top Media Houses & Premium Publishers in the first leg of promotion. This will indeed provide a big boost to the reputation of the blockchain and the the network.4.Rare On Exchanges:
Right now this coin is trading at a very few common exchanges like Binance, Kucoin, HitBTC etc. This is the right to jump in because of the low price. As soon as it will get listed to other exchanges, its value will rise subsequently.5.Team Of Superheros:
The creators and managers of this blockchain based shared ledger for digital assets are well-equiped with super powers that are required to execute this project in a success.Check the team here ā¶ Po.et Team
6.Low MC & Lesser Total Supply:
The way I see these two, it can easily go up to $1 very easily in a few months as the supply is lesser than many cryptos out there which are having a higher supply than this like XVG(Verge).7.Active Marketing & Popularity:
The marketing of Po.et is very active on social media platforms like FB and Twitter. They have a dedicated blog on medium.com and the support team is quite responsive. Their official telegram channel has more than 6000 members which are highly engaging.Overall a great project to join and support. Cheers!
Share your thoughts on Po.et in comments and let me know if you want me to write about any other coin. If you liked my analysis then please UPVOTE and RESTEEM.
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