INS Coin Review and Price Prediction
What is INS token?
INS is an ERC-20 token built on the Ethereum Blockchain that is made for the grocery industry. INS is the very first grocery-focused coin that directly connect consumers with major grocery manufacturers.
Benefits to the Consumer
Stop letting big box retailers like Walmart dictate their prices to you. Owning INS will save you money by directly connecting you with grocery manufacturers. This will take away all of the markups by big retailers and save you money. Using INS will also allow you to order your groceries online without ever having to leave your home.
Benefits to the Manufacturer
Marketing and Promo directly to INS users will allow for a greater exposure. Manufacturers will have full control over product listing and pricing. INS will help manufacturers expand and reach a global marketplace of online users that want to buy their groceries online and save money.
Where can you buy INS tokens?
Binance is my favorite exchange and the most reliable exchange that has INS tokens currently listed on their exchange. I would recommend storing all of your coins and tokens on a secure hardware device like a Ledger Nano S or a Trezor. Keeping tokens on an exchange or even MyEtherWallet/Metamask poses an unnecessary risk that should never be taken. Click HERE to sign up for Binance and purchase INS tokens.
Does INS have any major partners?
Absolutely! There are already some huge manufacturers on board with the INS project! Here are some of their partners:
MARS
Unilever
Bancor
Ambrosus
Civic
Wings
KickICO
Many more! 7 out of the top 20 grocery manufacturers are interesting in partnering with INS!
Was the INS ICO a Success?
Yes, the hard cap was quickly reached with their ICO, and INS raised 60,000 Ethereum during their pre-sale and ICO!
What is my INS Price Prediction?
INS has already reached a high of $11.80 and a market cap of about $280 million dollars. It has been sliding because of the recent bad news from South Korea and China regarding the banning of crypto trading. Through all of that, INS is currently sitting at $4.80 and a $133 million dollar market cap.
I think that INS will recover quickly back to it's all time high, and then continue gaining tractions as their service grows.
The grocery industry is a $600 billion dollar per year industry, and I think that INS will quickly grab a good portion of this with their online shopping ability, and the fact that they will save us all plenty of money.
I think that a $1 billion dollar market cap for INS within 1 year is an extremely conservative investment. This would put the price at about $35-$38 USD. With speculation and the normal trends of crypto, it wouldn't surprise me if INS even reached a $5 billion dollar market cap within a year from now. This would put the price at about $175-$190.
In the long term, INS could easily take 1 percent of the entire grocery industry. This would put their revenue over $6 billion per year, and that combined with speculation, and people wanting to buy onto INS and holding it for a few years to be set for groceries for life could amplify the price 5 to 10 times higher than I have predicted.
With all of that being said, I truly believe in this project for the long term, and I will be holding onto this coin for a very long time before even considering selling. I am hoping that in 4-5 years I will never have to worry about buying groceries again!
What do you think about INS? Tell me in the comments.
To the moon,