General Thoughts
In my opinion, FACTOM is one of the most undervalued Coins out there.
The marketcap of this coin is around 100 million USD at the moment.
When you look at other coins with a good use case and potential, you see them being valued at 1-8 billion USD atm. That is 10-80 times higher.
Some of them even do not have a working concept until now, the price is very speculative.
Why FACTOM will go up - Charttechnical reasons
1w RSI is bottoming out.
1w MACD is under 0 since a long time and looks like crossing.
1w StochRSI is very low.
Essentially all long-term indicators are low and pointing up after being in a decline for a long time.
Additionally to that, the price touched a trendline that is active since the beginning of 2016 (!), confirmed it and bounced off for the 4th time since 2016. This is a long-term trendline that shows you we are at the bottom of the price action.
Why FACTOM will go up - General reasons
They are working together with the border patrol of the biggest (in terms of money and power) and most influencing country in the world, the USA.
They got a 500.000 USD grant from the Bill and Melinda Gates Foundation.
They are working together with a company to work on a strategy for a "smart city" in China.
They are working together with FPT Software, a leading global software and technology company headquartered in Vietnam.
They just decentralized the network with milestone M 3, means now they are 20 companies that back up the Factom Network and promoting the Coin, creating new use-cases, new applications and so on.
Meanwhile, this coin is still not seen by the big players in the cryptocurrency investor world.
While other coins are being overhyped, this coin is underhyped. What sounds bad, is good from an investor's POV. Because in the long run everything that is overhyped will get down to it's real value and everything that is underhyped will get up to it's real value.
100 million USD marketcap for a coin like this is a joke, I won't be surprised to see at least an 25X increase in the next few hundred days, depending on the market sentiment of the whole crypto world.
It is expected that the next run-up will reach a high that is above the old high of 0.01463162 BTC from 20th June 2017.
In my opinion, FACTOM is one of the most undervalued Coins out there.
The marketcap of this coin is around 100 million USD at the moment.
When you look at other coins with a good use case and potential, you see them being valued at 1-8 billion USD atm. That is 10-80 times higher.
Some of them even do not have a working concept until now, the price is very speculative.
Why FACTOM will go up - Charttechnical reasons
1w RSI is bottoming out.
1w MACD is under 0 since a long time and looks like crossing.
1w StochRSI is very low.
Essentially all long-term indicators are low and pointing up after being in a decline for a long time.
Additionally to that, the price touched a trendline that is active since the beginning of 2016 (!), confirmed it and bounced off for the 4th time since 2016. This is a long-term trendline that shows you we are at the bottom of the price action.
Why FACTOM will go up - General reasons
They are working together with the border patrol of the biggest (in terms of money and power) and most influencing country in the world, the USA.
They got a 500.000 USD grant from the Bill and Melinda Gates Foundation.
They are working together with a company to work on a strategy for a "smart city" in China.
They are working together with FPT Software, a leading global software and technology company headquartered in Vietnam.
They just decentralized the network with milestone M 3, means now they are 20 companies that back up the Factom Network and promoting the Coin, creating new use-cases, new applications and so on.
Meanwhile, this coin is still not seen by the big players in the cryptocurrency investor world.
While other coins are being overhyped, this coin is underhyped. What sounds bad, is good from an investor's POV. Because in the long run everything that is overhyped will get down to it's real value and everything that is underhyped will get up to it's real value.
100 million USD marketcap for a coin like this is a joke, I won't be surprised to see at least an 25X increase in the next few hundred days, depending on the market sentiment of the whole crypto world.
It is expected that the next run-up will reach a high that is above the old high of 0.01463162 BTC from 20th June 2017.