PTOY has been on a downward trend due to the following:
I'm not sure how soon, blockchain will be implemented within Healthcare...but I think it will eventually. If PTOY can clear the air and release some sort of product, they will have first mover advantage in this space. With a current market cap of about 10 million (trading at .15 per PTOY), I think this project is undervalued. Announcements of partnerships or the release of the app product should result in an increase in price. However, we'll have to wait and see if the team can clear the air and gain some of its reputation back. Apparently there was miscommunication about FDA approval and the app. The team plans to do an "Ask me Anything" session by the end of the year. If this can gain investor's confidence and establish clarity around the app's progress, I think we can see the price rise. However, if the team fails to communicate, or releases negative news, this thing will continue to slip. First mover advantage is key here, as the team isn't too experienced in this space. If they can get their product out, hype alone will increase PTOY demand.
Also, RSI is oversold on the daily and Bitcoin fork is occurring soon. Ideally after the fork, we see some money flow back in to alt coins. This + favorable communication is bullish in my opinion.
- Insane bullish run in Bitcoin
- Uncertainty about PTOY as a company (there is fear around miscommunication and execution from the executive team. Negative news and positive news are magnified within crypto)
I'm not sure how soon, blockchain will be implemented within Healthcare...but I think it will eventually. If PTOY can clear the air and release some sort of product, they will have first mover advantage in this space. With a current market cap of about 10 million (trading at .15 per PTOY), I think this project is undervalued. Announcements of partnerships or the release of the app product should result in an increase in price. However, we'll have to wait and see if the team can clear the air and gain some of its reputation back. Apparently there was miscommunication about FDA approval and the app. The team plans to do an "Ask me Anything" session by the end of the year. If this can gain investor's confidence and establish clarity around the app's progress, I think we can see the price rise. However, if the team fails to communicate, or releases negative news, this thing will continue to slip. First mover advantage is key here, as the team isn't too experienced in this space. If they can get their product out, hype alone will increase PTOY demand.
Also, RSI is oversold on the daily and Bitcoin fork is occurring soon. Ideally after the fork, we see some money flow back in to alt coins. This + favorable communication is bullish in my opinion.