Global Cryptocurrency market slid into a major correction in November. Big players including Bitcoin, Bitcoin Cash, Ethereum and Ripple led the plunge as prices of many digital coins continued falling. In November alone, both BTC and ETH dropped over 40%; XRP dropped around 25%, BCH dropped a whopping 70%, while other Altcoins had dropped as much as 80%.
This is not uncommon for the crypto scene. Indeed, some of the top crypto analysts that we have been working with had predicted a roller coaster ride for the most part of 2018, as all the major coins have posted huge gains since crypto prices spiking in December 2017. As the saying goes, what goes up must come down. Investors need to understand that periodic market corrections in general are good for long-term gains; a little air coming out is a healthy thing for crypto market rally as well as long-term cryptocurrency investments.
Corrections signal that most cryptocurrencies were overvalued. So, the market is “correcting” the prices of various cryptocurrencies to reflect more accurate values, also referred to as fair values. Nevertheless, a good crypto like FOIN was spared from this latest correction. In fact, FOIN appreciated from around USD730 to USD900 in November despite global market turbulence, hence, making FOIN the best performing crypto in November 2018. In other words, a USD 900 FOIN is considered a fair market value based on the current bear market conditions. Since its ICO that took place on the 4th of June 2019, FOIN has appreciated more than 350%. FOINS alongside partners-FSP and affiliates expect FOIN price to Hit Historic USD 1,000 Milestone before the end of the year.
As prices of FOIN are expected to rise for years to come, FOINS Platform along with its users-community will be the greatest beneficiaries when the migration process is fully completed. FOINS management once again ensures that FOIN Migration Process will be carried out systematically from one phase to another according to the migration schedules. The Initial Migration Portal will start in January 2019 where users/members will be required to provide adequate KYC Documents, such as passport and bank statements, to register their tokens as part of KYC Procedures. Users/members must understand the importance of submitting accuracy information to avoid unnecessary delay in the initial token registration process. Members and users are reminded that registration discrepancies could later lead to putting hundreds of thousands to millions of dollars’ worth of your own FOIN tokens at risk of migration failure. Members and Users who fully follow the steps and requirements are guaranteed for a 100% successful wallet migration. The migration process will be fully completed in six months, before the end of July 2019.
Meantime, a Merchants Integration Module is currently being built to allow merchants to process FOIN transactions. Merchants from all around the world that would accept FOIN as one of the medium of transactions into their platforms can easily plug into FOIN Ecosystem. This system is expected to be rolled out in the second quarter of 2019.
With all the efforts made, in addition to support from our users-community, global crypto community, partners-FSPs and affiliates, FOIN will certainly become the best investment of our lifetime. FOINS management is still bullish on FOIN price to hit USD 2,000 by mid-2019, shortly before the completion of FOIN Migration. Many crypto analysts predict that FOIN will attract many institutional investors and global crypto community with prices continue to appreciate over the next 10 years and beyond. We anticipate seeing FOIN to be trading extensively around USD 2,700-USD 3,000 by the end of 2019.
We thank you for your continued support, enthusiasm and dedication.
To a USD 2,000 FOIN by July 2019! “Yes, we can!”
Monsieur Arnaud Georges
President – FOINS