Bluzelle (BLZ) Analysis

Market Cap

$36,204,946 USD

Volume (24h)

$24,970,952 USD

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5.0

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Bluzelle Markets Rank: 5/100
Volume Ratio

How actively is this asset being traded on the market?

Bluzelle Volume Ratio Rank: 69/100
Market Cap

The total cost of all coins available.

Bluzelle Market Cap Rank: 94/100
24h Change

Is the price moving up or down?

Bluzelle 24h Change Rank: 64/100
Social Following

How many users are following this coin?

Bluzelle Social Following Rank: 82/100
Google Trends

How many users are searching for the coin?

Bluzelle Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

Bluzelle Twitter Citation Rank: 50/100
User Voting

How popular is this coin among Cointobuy community?

Bluzelle User Voting Rank: 91/100

Bluzelle investment analysis

Bluzelle is a decentralized storage application for the sharing economy deployed on the blockchain. Not only can developers tap into their network to acquire cheaper storage solutions than with commercial ventures, but casual users can also earn tokens by renting their unused hard drive space.

A solution such as this creates a large network which is both less susceptible to malicious attacks, and it is also much more affordable than enterprise solutions such as Amazon Web Services.

This platform actually has two tokens, one that allows access to application services, BLZ and one that providers and storage consumers will use called BNT. It's not totally clear why they have made two tokens, and how they will be connected.

While offering decentralized cloud services on the blockchain is a great concept, there are already many competitors in this particular field, and it will be an uphill battle for any blockchain project seeking market share here. Make sure to evaluate all of the relevant competitors in this sector before you decide to make a Bluzelle investment.

How to buy?

$0.141188

+31.9%

$0.186258

38/3506

by Safety

2374/3506

by Profit

How to buy Bluzelle?

If you're looking to buy Bluzelle then you'll be very pleased to find that is is available for purchase on decent number of exchanges. Bitcoin and Ethereum are the highest volume trading pairs here, but there is also some liquidity available in the US Dollar Tether currency should you prefer to use that.

This is an ERC20 token which means that investors will be able to store it in any wallet that accepts Ethereum assets. If you're still looking for a wallet for this purpose then a few popular choices include Meta Mask, My Ether Wallet and the Coinomi mobile wallet for Android and iOS devices. As always, be sure to back up your wallet file or your wallet seed in a safe place in the event that you need to recover your wallet.

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There are a ton of services that are looking to create a decentralized storage platform with user's computers. Sia is likely the most recognizable name here, and the BLZ service seems to operate on a similar level. Likely the biggest determining factor for success here will be from the storage providers.

Many of these services have been criticized for the low pay that they offer to those who are essentially building the network. It's not clear how much this project will actually pay providers, but if they can do a better job than their competitors then it could give them an edge since many people are feeling cheated with their current platform choices.

The Bluzelle analysis tells us that the social following and search trends for this asset are excellent. The project has great branding, and they do a good job with their social media outreach. The only problem with their platform is that there is not much to make them stand out.

Their offering is essentially the same as more established solutions, and that could put them behind since they do not have any unique features to offer. However, if they can do decentralized storage better than those who are currently occupying the space then that is their unique feature.

If you're looking to invest in BLZ you'll likely want to take a look at the coin supply for this token. It's very low, much lower than that of Sia, which has reflected positively on their price.

However, that's because they actually have two tokens. Their secondary token is only native to their own chain which users will use to purchase storage and operators will earn for providing it.

The main token will be used for access to other services such as for applications. This scheme is a little confusing, and it may misrepresent the earning potential of the platform to providers who may think they will be getting BLZ tokens. The value and supply of the secondary token is not clear right now.

At this time, it's anyone's guess which of these decentralized cloud computing projects will be the one to topple Amazon's monopoly on the cloud computing market, but if Bluzelle treats its users and developers with respect it could very well be them.

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