Factom Price Analysis July 31st

Factom Price Analysis March 31st Currently Factom is in a very narrow  range between .0028 and .002 vs Bitcoin. Factom is in 1 Day uptrend cycle we should see a move lower in the near term. Taking a look at the chart below we see Stochastic RSI is peaking at 97 which is way out of high range which should cause a return to the norm. The CCI is at 144 coming off a peak and a return to the channel low we should see selling with these 2 indicators showing an overbought position.

Factom News

Factom is undervalued

So #Factom in Series A Round has just raised so far 5,163,309$ for 17% of its equity and there are still 26 days remaining to the end of the fund rising so the final amount can be much higher.
https://bnktothefuture.com/pitches/factom-series-a
But even with this number it gives it’s current valuation at 30,372,405$ but at the same time market capitalization of factoids is 13,983,530$. This IMHO in longterm should equalize which gives significant potential to rise of FCT? What do you think about it?

SmartContract + Factom Announce Collaboration

If you were wondering what a Smart Contract is and why everyone’s a buzz about them, they are autonomous software that make a financial decision. They are both amazing and terrifying. In simple terms, “smart contracts” are contracts as code. They are IF-THEN statements that can self-verify their conditions have been met using data and self-execute by releasing payment or data while remaining tamper resistant.

Blockchain technology has allowed them to come into existence because they offer the permanence and tamper resistances that was once only provided by paper, ink, and trusted authority to enforce. Blockchains, like Factom, can do this because they operate on node networks beyond the control of the contract’s participants.

They are a revolution in how we conduct business because smart contracts assure that a contract will be executed as it was written once preset conditions occur. This is a big deal because when machines start executing contracts, it becomes difficult or impossible to undue. It also brings up an important nature of these instruments that can’t be overlooked and Tiana’s first law of smart contracts: “she who controls the data, controls the contract.”

That said, one needs a way to answer the questions that smart contracts pose in order to execute. In the industry, we have been calling this an “Oracle,” a trusted source of knowledge. A trusted source should have at least three core characteristics.

1. Immutable
2. Auditable
3. Accountable

Factom gives you the ability to publish immutable data AND establish yourself as an authority that publishes immutable data. Over time, the validity of that data can be judged and your reputation as an Oracle can be cemented. Factom also by its nature is accountable because one can conduct full audits on all published data.