This is an older cryptocurrency project that revolves around a charity theme. 10% of the minted coins will actually be donated to the charity of the user’s choice. This is decided on using a voting mechanism.
While this is, of course, an admirable goal, the unfortunate reality is that finance markets run on greed, and this coin does not have a very strong use case. The potential audience for this currency is niche at best, and while they do have some steadfast community members, the coin itself is quite average.
Investors should be aware that the trading volume for this asset is dangerously low, and they should be careful putting any larger sums of money here. With no news on the horizon and no new developments to entice new investors.
While there may be some fluctuations here, don’t expect monster growth for this asset any time soon. However, even small coins experience pumps, and it may be possible to make some profitable swing trades here. Keep reading to find out whether you should make a Bunnycoin investment or not.
Investors can buy Bunnycoin on only a couple of low volume exchanges. This is often times cause for concern when it comes to cryptocurrencies, because if one of these providers shuts down or delists the coin, then you could find yourself holding a homeless asset which can not be traded anywhere. The extremely low trading volume is also worrying here, and investors should be very careful when making their investments.
In order to store your investment safely, you’ll need to get the official wallet download from the project’s website. There are desktop client style wallets available for most major operating systems including Windows, Linux, and Mac. Upon downloading and installing the appropriate package, make sure to immediately encrypt it with a strong password. Then create a backup for safe keeping in case you need to ever restore access to your funds.