Table of Contents:
- Our prognosis
- What is Opium coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
Why we are bearish on Opium Possible downside
Over the past few weeks, Opium's price has performed poorly in relation to the market. This poor performance is easily reflected in it's daily price movements which heavily influences our ranking algorithms. We do not recommend you buy OPIUM at this time. However if you believe in this project after doing your own detailed due diligence, this might be the best time to accumulate a long term position.
What is Opium? 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 |
|---|---|---|
| Apr 10, 2021 | $7.9320 | Neutral |
| May, 2021 | $ 7.7441 USD | Downside |
| June, 2021 | $ 7.7441 USD | Downside |
| July, 2021 | $ 7.7441 USD | Downside |
| October, 2021 | $ 7.7441 USD | Downside |
| April, 2022 | $ 7.7441 USD | Downside |
OPIUM Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will Opium rise today? | Yes 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. Get out now! |
| Will Opium (OPIUM) price increase in future? | No. We believe 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? | 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 end of year prognosis for 1OPIUM = $7.7441 USD. |
| Where do I buy Opium? | Great question. Buy OPIUM coin here → |
Historical Price Data (USD)
Pay close attention to daily volume fluctuations. Poor volume like OPIUM has is a lagging 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 |