ZOOM AnalysisAfter the pandemic hit, video streaming services like ZOOM were able to solve a huge problem for businesses and retail customers alike - thus netting an ~+780% price gain.
Unfortunately due to increasing competition and having to share market cap along with vaccines and other health protocols coming into play, people began coming back into the public and no longer needed Zoom *as much*
Since then price has been on a year long downtrend falling almost 60%.
In the video I go over my technical view of ZOOM and likely outcomes I see.
I believe that ZOOM can make a comeback due to people now realizing everything doesnt need to be in person. Life as we know it is slowly shifting to being managed online in the metaverse and a product like zoom helps that. I can definitely see it keeping its popularity in the business sector as more and more people will start to work remotely.
Leave a like and let me hear your thoughts.
