Locus chain price prediction: What is locus chain (LOCUS)?
The creators of Locus chain (LOCUS) want to make using the blockchain faster. Let’s take a closer look, and also examine some of the locus chain price predictions that were being made as of 5 January 2023.
ETH/USD price chart
Locus chain explained
Speed is a crucial part of what makes a cryptocurrency or blockchain technology project succeed or fail. Anything on a blockchain that takes a long time becomes more expensive, and the more expensive it becomes, the less value a developer or a platform user will get from it. Thus the holy grail for blockchain users is a system that is safe, efficient and quick, while also benefiting from a range of features
The Locus Chain platform, founded in 2014 by South Korean video game developer Sang Yoon Lee and his compatriot and gaming entrepreneur Se Jung Kim, aims to be a quicker and cheaper system that will, by extension, help bring blockchain technology into wider use.
The platform’s whitepaper claims: “Locus Chain is a state of the art blockchain protocol that can maintain stable transaction time even if the number of nodes and transactions increase, using Account Wise Transaction Chain (AWTC). Through the use of AWTC, Locus Chain is able to provide high transaction speed for every user in the ecosystem and the network.
“Scalability [the ability to not slow down as the network gets busier] is essential for any blockchain protocol. Locus Chain applies the latest technology of Unique Dynamic State Sharding to the transaction ledge block to resolve the problems associated with ever-growing data size.
“The Locus Chain Main Net uses a very fair and competitive consensus model… that is revolutionary as it ensures proper compensation based on the relevant contribution to the Locus Chain Network.”
Locus Chain also supports games, with its most notable contribution to that particular sphere coming in November 2022, when it relaunched the online game Kingdom Under Fire, which had lain dormant since 2008.
Every blockchain and blockchain-based network needs to have its own cryptocurrency, and Locus Chain has the conveniently named locus chain cryptocurrency, also known by its ticker handle of LOCUS. This coin which used to be a plain ordinary token, is used to pay for transactions on the network, as well as to reward the users who help keep the system safe and operating properly. As the whitepaper says: “Locus chain strives to be the digital currency with state of the art technology that will be at the heart of all the smart cities and massive economies through strategic partnerships and key collaboration.”
At some point in 2022, Locus Chain launched its mainnet. This meant that the blockchain-based protocol became a blockchain in its own right, moving from Ethereum (ETH). In turn, this meant that the locus chain cryptocurrency effectively stopped being a token and, instead, became a proper actual coin. While this difference might sound like a slight one, it does mean that we can talk about the LOCUS coin and not be wrong, technically speaking.
Locus chain price history
LOCUS price history from launch to present - Credit: Capital.comWhile past performance should never be taken as an indicator of future results, knowing the LOCUS price history can give some useful context if we want to either interpret a locus chain price prediction that is already out there or else make one of our own.
When LOCUS started out as a token on the Ethereum blockchain in 2019, it was worth about $0.013, closing the year at $0.02931. While 2022 turned out to be a poor year overall for cryptocurrency, locus chain was one of the better performing cryptos over the course of the 12 months. The launch of the mainnet and the de facto creation of the locus chain coin meant that it shot up to an all-time high of $0.2363 on 10 April 2022. After that, though, the crypto was unable to escape market turmoil, and a series of crashes sent it down to below $0.06 in late June. Worse was to come after the collapse of the FTX (FTT) exchange in November, as the coin sank to below $0.03 in the middle of December before closing the year at $0.02693.
Although that meant that the coin had suffered a year on year loss of around 8%, when the crypto market as a whole lost more than 60% of its value over the course of 2022, that meant that LOCUS had, perhaps by virtue of it launching on its own blockchain, outperformed the overall crypto sphere by a considerable amount. The coin then enjoyed something of a surge, or possibly a spike and, on 5 January 2023, it was worth about $0.03375. With a little over two billion locus chain coins in circulation out of a total supply of seven billion, it enjoyed a market cap of around $69.9m, which made it the 250th largest cryptocurrency by that metric.
Locus chain price prediction round-up
Let’s now look at some of the locus chain price predictions that were being made as of 5 January 2023. Remember that price forecasts very often turn out to be wrong, and many long-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice.
CoinCodex had a mixed short-term locus chain price prediction for 2023. The site said that the crypto could trade at $0.037939 by 10 January, before dropping somewhat to $0.034995 by 5 February. Its technical analysis was neutral, with 18 indicators sending bullish signals against 12 making bearish ones.
PricePrediction.net had a locus chain crypto price prediction that said the token could reach $0.039 this year, $0.057 next year and $0.083 the year after that. By 2026, the site said, LOCUS could break through the 10 cent barrier to stand at $0.12, before hitting $0.17 in 2027 and $0.25 in 2028, with it predicted to potentially close the decade at $0.36. The site made a locus chain price prediction for 2030 which said it could trade at $0.53, potentially reaching $0.75 in 2031 and breaking past the dollar to be worth a possible $1.12 in 2032.
Gov Capital had a LOCUS price prediction that saw it close 2023 at $0.08 before going on to make a locus chain price prediction for 2025 that suggested the crypto could potentially start the year at $0.167 and close it at $0.277. The site then argued that it could reach $0.617 in five year’s time.
WalletInvestor was unusually upbeat when it came to making a locus chain coin price prediction. The site said that it thought LOCUS could grow over the coming years, potentially hitting $0.0756 by January 2024 and $0.261 in five years time.
When considering a LOCUS coin price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency coins and tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and study expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. Never trade with money that you cannot afford to lose.
FAQs
Is locus chain a good investment?
It is hard to say. A lot will depend on whether it can maintain its recent growth, along with how the market performs as a whole.
Remember, you should always carry out your own thorough research before making an investment. Even high market cap cryptocurrencies can be affected by bear markets. Investors should be prepared to make losses and never purchase more than they can afford to lose.
Will locus chain go up or down?
No one can really tell with any certainty right now. While the forecasts are, on the whole, generally optimistic, the truth is that price predictions are wrong more often than not and prices can, and do, go down as well as up.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether LOCUS is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. Never invest money that you cannot afford to lose.
Should I invest in locus chain?
Before you invest in locus chain, you will need to do your own research, not only on LOCUS but also on other crypto coins and tokens.
Ultimately, though, this is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.
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