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Bread (BRD)

Market Cap

$38,345,412 USD

Volume (24h)

$89,562 USD

4.5
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Bread Markets Rank: 4/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Bread Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Bread Market Cap Rank: 95/100

  • 24h Change

    Is the price moving up or down?

    Bread 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    Bread Social Following Rank: 76/100

  • Google Trends

    How many users are searching for the coin?

    Bread Google Trends Rank: 50/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Bread Twitter Citation Rank: 51/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Bread User Voting Rank: 91/100

Bread investment analysis

BRD is a simple to use wallet application for mobile phones. This application has been functioning for a long time, but the company behind it has decided to launch their own token now as well.

Their offering is a utility token that will offer users the ability to utilize different financial services within their ecosystem. This also acts as a reward mechanism, and users will be rewarded with these assets for performing certain actions.

The application itself is very easy to use, and a popular choice with mobile users. They offer unprecedented security and privacy within their system, and set up is simple. They also have strong partnerships for their application with Anypay and Binance, which will utilize this essentially as their mobile app for token offerings. As the company continues to innovate and add new partnerships, you can expect your Bread investment to grow, and its adoption to flourish.

How to buy?
current price
$0.432139
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.

+17.6%
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.

$0.50815
Rankings

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

55/2273
by Safety
1894/2273
by Profit
historical data

How to buy Bread?

While the selection of exchanges upon which one can buy Bread is a little small, they do have some very nice options. Including their partner, Binance. The highest volume trading pairs here are for Bitcoin, Ethereum or BNB, Binance's native token. You'll be able to utilize any of these to easily make your trades.

The best place to store this asset is in the wallet it gets its name from of course, but it is a standard ERC20 token, and if you'd prefer to store them someplace else like a hardware wallet then you are free to do so. You could consider a Ledger or Trezor for this purpose, both of which support all ERC20 assets.

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Is it safe to invest in BRD now?

This is an interesting coin offering, not because of the life-changing usefulness of their asset, but due to the fact that they already have an enormous user base. Bread is one of the most popular Bitcoin wallet applications on the iTunes store, and many people use it every day to store their coins. While it's been this way for a long time, they have recently taken some other measures to enhance their position.

They've completed a rebrand of their identity, they've added the ability to store additional assets, and now with the launch of their token, they will offer additional services and rewards to their many users. Since people will be able to earn these assets, the use case is high for this currency.

They've also made some partnerships with Binanace and AnyPay to up their ease of use. Users will be able to easily make and receive payments from their wallets, and it will even act as an on-ramp to Binanace's trading platform, and their collection of assets. This is a strong strategic partnership that will benefit both companies.

Looking at the Bread analysis we can see that they have excellent social media stats and Google trends, not surprising for such a highly trusted blockchain company. Their safety rating is excellent as well, and investors can most likely feel very safe about placing their money here.

If you are trying to decide whether or not to invest in BRD, you need only look at the history of their company. In almost any social media setting, people will recommend their wallet 9 times out of 10. It's because of their excellent software which will no doubt only increase in popularity as cryptocurrency adoption grows.

In closing, Bread offers a unique opportunity for investors to invest in an already finished and polished product. Instead of investing in the potential of a blockchain platform, you will instead be investing in their continued growth. BRD already has an enormous user base, great partnerships, and a team capable of completing their goals.

The tokens circulating supply is quite low, and it's likely that there is a lot of growth potential here as the BRD team continues to add new functionality to their application.

Getting people to actually use blockchain technology for purchases is hard, but if anyone can do it, it's most likely this company, full of longtime Blockchain evangelists that just want to provide a product that makes the lives of cryptocurrency enthusiasts of all experience levels a little easier.

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