Covesting (COV)

Market Cap

$13,043,801 USD

Volume (24h)

$7,364 USD

3.9
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Covesting Markets Rank: 4/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Covesting Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Covesting Market Cap Rank: 90/100

  • 24h Change

    Is the price moving up or down?

    Covesting 24h Change Rank: 50/100

  • Social Following

    How many users are following this coin?

    Covesting Social Following Rank: 91/100

  • Google Trends

    How many users are searching for the coin?

    Covesting Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Covesting Twitter Citation Rank: 50/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Covesting User Voting Rank: 97/100

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.

How to buy?
current price
$0.74536
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.

+88.7%
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.

$1.41
Rankings

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

169/1726
by Safety
1453/1726
by Profit
historical data

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.