Table of Contents:
- Coin prognosis
- What is Opium coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
Possible bearishness on Opium Downside
Over the past few weeks, Opium's price has performed poorly in relation to the market. This poor performance is reflected in it's daily price movements which heavily influences our ranking algorithms. Buying OPIUM at this time may lead to loss of capital. However, if you believe this is a good project, take a look at our Fundamental analysis and do a detailed due diligence, then accumulate a long-term position.
What is Opium? Fundamental Analysis
The Opium protocol is a universal protocol to create, settle and trade virtually all derivatives and financial instruments in a professional and trustless way. It allows anyone to build custom exchange-traded products on top of the Ethereum blockchain. Once created, they can be traded freely via a network of relayers and will be priced according to supply and demand. The Opium Network is a learning ecosystem that can work with the custom logic of both derivatives and oracles. All created positions are represented by ERC-721o tokens that are specially designed for trading financial instruments and can be combined into portfolios and natively traded in combined orders. At the same time, these tokens are backward compatible with the ERC-721 token standard and can be used in existing ecosystems.
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Jun 24, 2021 | $7.9320 | Neutral |
| July, 2021 | $ 7.7441 USD | Downside |
| August, 2021 | $ 7.7441 USD | Downside |
| September, 2021 | $ 7.7441 USD | Downside |
| December, 2021 | $ 7.7441 USD | Downside |
| June, 2022 | $ 7.7441 USD | Downside |
OPIUM Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will Opium rise today? | Our data indicates Opium will rise today. It's already higher than it's opening price. That's a great sign |
| What will be the highest price of Opium (OPIUM) in future? | Our analysis shows Opium is already past it's immediate all time high, indicating a bearish signal! |
| Will Opium (OPIUM) price increase in future? | No. Our algorithms indicate that Opium (OPIUM) will experience a significant decline in future. As low as $7.7441/OPIUM |
| Will an Investment in Opium (OPIUM) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of Opium (OPIUM) in future? | $7.7441 USD |
| Will the price of Opium (OPIUM) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 Opium? | Our analysis shows an end of year prognosis of 1OPIUM = $7.7441 USD. |
| Where do I buy Opium? | We have curated some great options. Buy OPIUM coin here → |
Historical Price Data (USD)
Pay close attention to daily volume fluctuations. Poor volume like OPIUM has is a good indication of bearishness in the short term.
| Date | Price | Volume |
|---|---|---|
| March 4, 2020 | $0 | $0 |
| March 4, 2020 | $0 | $0 |
| March 4, 2020 | $0 | $0 |
| March 4, 2020 | $0 | $0 |
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| March 4, 2020 | $0 | $0 |
