Factom Price Prediction 2018
Let’s assume that the criteria I seek have been met and an impulse wave is now in development.
The great thing about constructive price action is that, aside from just suggesting that higher prices are likely via an impulse wave, it can also be used to create a potential price objective.
In order to create this price objective, I will have to use a method called a parabolic extension. This method involves taking the log-based length of the impulse wave and extrapolating that value from the base of the consolidation wave still in development."FactomPrice Prediction 2018"
The previous impulse waves are all of equal length and, if I assume that the next one will carry this exact characteristic, it projects a Factom future price of $500.00, representing a potential return of around 2,600%. This forecast may seem outlandish, but it is actually in line with the returns experienced by FCT coin and other cryptocurrencies.
How to Buy Factom Coin
Buying Factom—and cryptocurrencies, in general—takes a number of steps. The first thing one needs is a Factom wallet, in order to store and facilitate the transactions.
Factom coins can then be bought on one the following exchanges: Shapeshift, Poloniex, or Bittrex.
Let me point out that Factom is classified as an “altcoin,” which means you will first need to purchase a cryptocurrency like Ethereum or Bitcoin and then exchange that for a Factom coin. It pays to see how these cryptocurrencies have performed versus Factom, to gauge Factom’s value.'Factom Price Prediction 2018'
Cryptocurrency mining is the process in which computing power is used to create and maintain a decentralized network. These computers are used to verify and record the transactions that occur on the network. In return, the miners who provide their computing power receive fractions of a coin as a reward.