Covesting (COV) Analysis
Market Cap
$8,474,681 USD
Volume (24h)
$286,522 USD
Top cryptocurrency services
Covesting investment analysis
This cryptocurrency based asset belongs to a new exchange platform. While there are a huge number of exchanges popping up every day, this one has an interesting addition. If you are an accomplished trader, then you can actually use this platform to earn additional money for your efforts.
You could think of this as more of a social media approach that allows other investors to follow your portfolio and your trades so they can utilize them for themselves. Those who do will be rewarded with tokens, and this is likely to be a popular monetization method for those that have extensive follower lists on social media sites like Twitter or Steemit where cryptocurrency enthusiasts frequently congregate.
The circulating supply of this particular token is actually very low. Much lower than most other projects being released, and while many tokens of this type don't have strong use cases, this one actually does.
In order to follow the trades of more successful investors, it will be required for you to use COV, and that will likely drive up the demand. Investors can also benefit from reduced trading fees for using the platform's native currency and unlock advanced features like trading bots by using their Covesting investment.
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.
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.
How to buy Covesting?
Investors can buy Covesting on only a handful of exchanges, but there's some solid options here. The trading volume is also excellent, and investors will be able to take advantage of at least a couple of trading pairs to facilitate their trades. Bitcoin is the highest volume options as per usual, but Ethereum also has some substantial trading volume. This means that you'll be able to net yourself a fair price using whichever of these currencies you would prefer.
This is an Ethereum based asset. Investors will need to find a compatible ERC20 token capable wallet to store their investment safely. There are many options here, and there's no one right answer. However, if you need a suggestion, then you could consider using Meta Mask, My Ether Wallet, Coinomi or Jaxx. All of these are excellent wallets capable of storing this type of token. Just make sure to write down your seed phrase somewhere safe, and you should be good to go.
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