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Achain (ACT) Analysis

Market Cap

$8,769,111 USD

Volume (24h)

$10,586,822 USD

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3.8
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Achain Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Achain Volume Ratio Rank: 100/100

  • Market Cap

    The total cost of all coins available.

    Achain Market Cap Rank: 88/100

  • 24h Change

    Is the price moving up or down?

    Achain 24h Change Rank: 49/100

  • Google Trends

    How many users are searching for the coin?

    Achain Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Achain Twitter Citation Rank: 3/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Achain User Voting Rank: 92/100

Achain investment analysis

ACT is a public chain that allows for users to utilize it to deploy their own DApps. The largest competitor for this coin is obviously Ethereum, which is a tough coin to beat. However, it does have some distinct advantages over its larger competitor.

For starters, it can process 1,000 transactions per second. This is a number greater than 66 times the speed the ETH is currently capable. It can achieve this because it utilized the Delegated Proof Of Stake algorithm rather than using a Proof Of Work system like Ethereum does.

However, in the realm of DApps competition is fierce. Will your Achain investment have what it takes to become a top dog or even stay breathing? Read on to see my full analysis of this quiet little coin from China.

Achain investment price
$0.00904
Achain expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+4.9%
Achain Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.009487
Achain Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

268/2936
by Safety
2378/2936
by Profit
historical data

How to buy Achain?

You can buy Achain from several larger exchanges. Bitcoin and Ethereum seem to have the most volume as far as trading pairs go, and it should be easy for you fill a trade with either of these options.

You have a few options available for storing your tokens. The official website contains download links for both Windows and Mac versions of their wallet, however, if you prefer you can also use the Kcash app for mobile phones. Any of these choices are suitable and safe solutions for your investment.

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Is it safe to invest in ACT now?

There's no question in my mind whether or not the ability for developers to deploy apps on the blockchain is going to be successful. It's going to happen. The only question is who is actually going to build the platform that allows that.

Right now it seems that every day there's a new token or coin popping up that promises the easy deployment of applications on the blockchain. While that's a noble venture it creates a very big problem for those projects. It's no longer enough to just be able to host these applications. That song has been played to death.

These startups need to do more to get investors attention. So, if you're wondering whether you should invest in ACT then you need to ask yourself what it is they have that sets them apart. As previously stated, they do have much faster transaction times than Ethereum thanks to their Delegated Proof Of Stake algorithm. However, many of their competitors are also flaunting such systems.

ACT has a very interesting partnership with Pundi X, a point of sale type of application which will allow assets from their native chain to be used by merchants and consumers for purchases. This could be very attractive to developers who want to create some type of loyalty app that would pay out to users in cryptocurrency.

However, as far as marketing goes they seem to be rather under the radar. This is a little troubling in a space that has so much competition. While it should give investors pause, it's not a reason to abandon a project. With a good bit of news, it's very possible for Achain to become quite successful.

The biggest thing they have going for them is that they are already hosting dozens of applications. When many blockchain companies are purely aspirations of greatness it certainly helps to already be in action. Many times a project will need to scale locally before it can scale globally, and for this company that country is China.

Even by itself, China proves to be a large market with amazing growth potential for a blockchain startup such as this one. I wouldn't be surprised if they started a much bigger push for western markets once they were more established in their own country.

In short, Achain could be the underdog of DDaaps. This very much under the radar company could prove to be valuable in the long term if they can acquire the right amount of market share. However, their publicity is not where I would like it.

They need to really up their game in this department. They have acquired some excellent partnerships though, and they have a real, working product, which is a lot more than many blockchain companies have the privilege of saying.

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