Coin Price Forecasts — Never Lose Money Again (maybe)
I personally don’t know anyone in the crypto-sphere who hasn’t lost a TON of money this year! Many fund managers I’ve spoken to are anxious to see some coins come out on the market and what price they will garner. If you are making serious money in this market please contact me there will be a reward. Until that happens we are introducing a new phase for WINGS expanding beyond forecasting ICO and TGE valuations into forecasting coin prices after they begin to trade.
Opening up the system to these types of forecasts is a natural progression to helping safe-guard buyers and investors of virtual currencies. In the WINGS forecasts that were conducted in 2017 and 2018 we found that in general the crowd was accurate within an error rate of 30%. While we believe that this is great for an early system and will continue to improve over time we also noticed with the recent market crash that predicting a valuation for a fundraising event is not enough. Since the market crashed nearly 90%, if we can also be that accurate at forecasting a coin’s price 3 months to 12 months in advance it provides an added risk-tolerance dimension for holders, traders and speculators to consider.
For example, if an ICO or STO valuation come out at $100 Million, yet the crowd believes that the token will be valued at $10 Million 6 months later one may think twice about buying in too early and rather prepare a strategy that includes averaging in over time rather getting into the FOMO mode and blowing all cash to then lose it (like many of us did in 2018).
How It Works
Coin price forecasts work more or less the same as funding event valuation forecasts where the WINGS Dapp front end will calculate the median forecast. These types of forecasts in general will either ask for the unit price or will ask for forecasting the market cap for a set amount of coins. However, the main difference is that they don’t progress to a crowdfunding state and will have multiple parties from where the forecaster compensation will come from. At the current stage these forecasts will only give out Forecast Rating (FR) reputation points, but the team is working on enabling a new crowdfunded rewards contract type which will allow multiple parties to fund such questions to maximize number of forecasts and forecaster rewards. More on that later.
Why we choose the Telegram Private ICO
The Telegram Open Network private round ICO was one of the biggest crypto-oriented crowdfunding events and brought to the community by an established player in the instant messaging space; what’s more interesting is that the price of GRAM started at $0.1 and ended at $1 when all were sold out; and to spice things up people were paying several dollars in the aftermarket. Needless to say the price paid was all across the board and with the recent market crash those who invested must be wondering if they will be big losers or big winners. That’s why WINGS is here to help shed some light.
To check the results so far head over to https://www.wings.ai/project/0x35a694a192a6334992c1bd3928033df89ffd3666
If you wish to add your input you may set up a wallet which you control and will need to send it least 1 WINGS and a little bit of Ether (WINGS runs on the Ethereum network).
