Presearch is a decentralised search engine rewarding its community members for search on several default search sites like its native desearch. Users as well as creators and advertisers can be able to create traffic for their business on the presearch platform by simply staking several keywords related to their business using the presearch token. The more tokens you use to stake for the keyword of your business the more traffic you will bring to your business. The revenue generated on the presearch platform will be shared to its community members taking part in the search activity. Each community member is capable of receiving reward of up to 8 tokens per day upon finishing all their search activity. Towards the end of 2017,presearch conducted their ICO where one coin was going for around $0.02. By the end of the year, the price had managed to go as high as $0.8 but later dropped to around $0.05 in late 2018.In 2019,the price again further dropped to 0.0005. The increase in price has been as a result of the increase in the mass adoption while the decrease in price has been as a result of several users dumping their earned token. The way mass adoption affects the presearch market is further explained as follows;
Mass adoption
There are more than one millionmillion users of presearch. Some are just searchers to earn some bucks on the platform while others are advertisers and online business owners as well as affiliate marketers. An increase in the number of affiliate marketers as well as business owners and advertisers will result to an increase in the utility function of presearch thus resulting to an increase in its price. On the other hand, a decrease will result to a decrease in its utility function thus resulting to a decrease in its price. Therefore, we can further explain the 2021 price analysis for presearch in a bullish and bearish market as follows;
1. Presearch bullish price analysis based on mass adoption
In a bullish market, the presearch will be moving in an upwards direction. In late 2017,the presearch conducted its ICO where one coin was going for around $0.02. The price managed to go as high as $0.8 in early 2018 but later dropped to $0.05 in late the same year. In 2019, the price dropped to around $0.0005. Currently, one presearch is trading at around $0.018 . Here is a view of the chart for presearch;
The above is the presearch market in terms of USDT. Two points are being indicated.There is point A and point B. Before point A, the market for presearch can be seen to be moving upwards all the way to around $0.021 from its low of $0.011. This upwards movement has been as a result of the increase in the number of users on the presearch platform. This result to the increase in the utility function of presearch since online business owners as well as advertisers are starting to purchase the presearch token so that they can use it to stake the keyword related to their business so that to create traffic for their business. At $0.021, the users of the presearch platform have requested to withdraw their token where they dump them in several exchanges. This causes the presearch market to experience an overbought condition thus causing it to resist moving upwards but instead reverse and slightly moves downward to point A at $0.015. At point A, more advertisers as well as business owners are continuing to join the presearch platform so that to create traffic for their business by simply buying the presearch token so that to use it to stake several keywords. This causes the presearch token to have more demand thus causing its price to further increase to point B at around $0.019. By the end of the year, if many businesses as well as advertisers will continue to join the presearch platform, then it will become inefficiency thus causing its demand to increase which may cause the price to go as high as $0.1. This is the right time to buy some presearch token and hold it until it reaches $0.1 so that you sell it to make more profit
2. Presearch bearish price analysis based on mass adoption.
In a bearish market, the presearch will be moving in a downwards direction. In late 2017,the presearch conducted its ICO where one coin was going for around $0.02. The price managed to go as high as $0.8 in early 2018 but later dropped to $0.05 in late the same year. In 2019, the price dropped to around $0.0005. Currently, one presearch is trading at around $0.018 . Here is a view of the chart for presearch;
The above is the presearch market in terms of USDT. Two points are being indicated.There is point A and point B. Before point A, the presearch market can be seen to have been trending in a downwards direction all the way to $0.0105 from its high price of $0.018. This downwards market movement can be as a result of several factors such as strict measures by presearch to users to withdraw their token which result to many users to stop to use the platform .This causes the advertisers as well as online business owners to stop using the coin to buy keywords thus causing the presearch coin to decline its utility function thus causing the price to decrease as stated above.At $0.0105, more users are joining the platform thus luring more advertisers and online business owners to join the presearch platform where they again buy some presearch token in order to use it to stake keywords related to their business. This causes the price to slightly move upwards to point A at $0.015. Some users at presearch platform are starting to feel frustrated because of strict measures to withdraw their tokens thus causing them to stop searching using presearch. This in turn causes the advertisers as well as online business owners to also start exiting the presearch platform since when they advertise there, their keywords will not reach huge users base thus causing the price to decline again to point B at $0.0125 . If this will continue to happen although I am not bearish for presearch, the market for presearch can go as low as below $0.01. I think presearch has a huge potential thus I will not encourage you to sell. Instead, you should buy some presearch token and hold since it is heading upwards.
Summary
Presearch token is a native coin of the presearch platform that is used to reward community members as well as to stake for keywords by advertisers and online business owners. It was created and issued on the ethereum network. Towards the end of 2017 ,presearch conducted its ICO where one coin was going for $0.02. The following year, the price went as high as $0.8 but later dropped to around $0.05 towards the end of the same year. In 2019, presearch experienced a downwards crash where the price went as low as $0.0005. Currently, the price is above $0.01 and it is expected to continue moving upwards to around $0.1. This is the right time to buy and hold since the users base is expected to increase which will as well result to an increase in the number of advertisers as well as online business owners which will cause the utility function of the coin to increase
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