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Blocknet (BLOCK)

Market Cap

$28,210,296 USD

Volume (24h)

$45,207 USD

4.1
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Blocknet Markets Rank: 5/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Blocknet Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Blocknet Market Cap Rank: 93/100

  • 24h Change

    Is the price moving up or down?

    Blocknet 24h Change Rank: 48/100

  • Social Following

    How many users are following this coin?

    Blocknet Social Following Rank: 74/100

  • Google Trends

    How many users are searching for the coin?

    Blocknet Google Trends Rank: 13/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Blocknet Twitter Citation Rank: 67/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Blocknet User Voting Rank: 93/100

Blocknet investment analysis

The Blocknet connects different blockchains together into one network. This lets them communicate, transfer data and their asset's values between each other, you may be familiar with the atomic swap technology, this operates similarly but on a grander scale. This is a decentralized, distributed network that protects the privacy and assets of users as no centralized entity has access to any sensitive information or currency.

The first application built upon this protocol is their own exchange, Block DX, interestingly enough this exchange is totally free, and no permission is needed. Any coin is allowed to list themselves there, and this very interesting feature could be the key to this platform's success believe it or not.

The supply of this coin is very low, and that could make it particularly attractive to investors, as the limited supply could drive the price up easily. This is also a proof of stake coin, which not only makes mining more energy efficient, but it also gives investors the ability to mint additional coins by holding their money in the project. Read on to see why I think a Blocknet investment is promising.

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current price
$5.34
Potential 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.

+497.1%
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.

$31.86
Rankings

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

98/877
by Safety
314/877
by Profit
historical data

How to buy Blocknet?

It's possible for you to buy Blocknet on a few different exchanges. There's at least one top 5 option, and a few smaller ones, including an option that does not require verification if you'd prefer to make a private purchase. Bitcoin is the only viable trading pair here, while there is a pair available for Litecoin, the volume is too low for it to be useful.

The best place to store your BLOCK is by downloading the official wallet from the coin's website. They have installation packages available for Windows, Linux and Mac operating systems. Make sure that you always backup your wallet files to a safe place, preferably to an external drive for safe keeping to protect your investments.

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Is it safe to invest in BLOCK now?

This asset is really two products. The first one I'm going to talk about is the decentralized platform itself. While there are many, many services trying to do this, Blocknet has a very useful approach. For many application platforms that are being advertised as the "building blocks" of the blockchain, you are tied to that particular network. This is not so with the Blocknet system.

If an application developer were to invest in BLOCK, then they would be able to actually utilize their system with virtually any chain. That means existing coin or token communities could begin building on top of this to create their own applications without abandoning their currency projects or supporters. That's a big deal, let's look at the second part of BLOCK to see who this could cater to.

While the large cryptocurrencies get all the attention there are also many, many, smaller niche currencies that still have a very dedicated audience. One of the largest challenges with running one of these projects is getting listed on exchanges. They can demand an exorbitant fee to get listed on even mediocre exchanges, and a top 5 exchange is out of the question without a small fortune and a lot of work.

Small coins still need a place to trade, and the Block DX will give that to them for free. Any coin can be listed here without any payment, and they don't even need permission. This system simply gives a free exchange option to these communities, and I think that will reflect positively on them.

These niche platforms are filled with enthusiasts who will be happy to spread the word about a project that offers them such freedoms. It's also a great way to show exactly what type of free market projects can be allowed to operate on their platform, and I think it will cause others to migrate there.

In closing, BLOCK has established a good relationship with enthusiasts in the space, and I think that will be instrumental in helping this platform grow. It has the makings of an excellent project for those looking to exercise their freedoms on the blockchain, and it's also great for investors looking to support a great blockchain project and earn themselves some passive income as well.

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