30 Days Writing Challenge, Day 4: Where Do You See The Price Of SNAX In 6 Months, 1 Year And 3 Years? Why?

dragosroua (74)in #steemit • 5 years ago

This is the fourth question / topic of the 30 days writing challenge I announced a couple of days ago. The total amount in prizes is 90,000 SNAX and it's being distributed as 3 daily prices of 1,000 SNAX each. For all the details, please check this post.

This one should be relatively straightforward, but not easy. When predicting price movement you have to take into account a lot of factors. Humans are notoriously bad at doing this, as we do get biased by greed or fear, but even if machines algorithms are somehow better, let's not forget they are trained by humans too.

Anyways, just for the sake of it, and making very clear this is not financial advice, here are my predictions (please note SNAX is not yet traded on any exchange).

6 months: $0.001
1 year: $0.002
3 years: range $0.01 - 0.008

As for the "why?", I would say there are very few data points that we can look at now, so I just looked at circulating supply, and similar tokens. The increase in price after 3 years will probably come from overall market appreciation.

Let's not forget also that SNAX is an utility token and it is designed to be used for dApps inside the SNAX ecosystem.

I'd love to see your predictions, and, once again, this is just speculation, NOT financial advice.

IMPORTANT: please state your SNAX username in the post, so I know to which account to send the prize, should you be amongst the lucky winners! Thank you!

You can start writing your article for the challenge right now (some of you already posted, nice), the time window is: Monday 22th May, between 00:00 UTC and 23:59 UTC.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.