Cryptonex (CNX)
Market Cap
$102,057,728 USD
Volume (24h)
$2,207,113 USD
Cryptonex investment analysis
CNX is a proof of stake coin that has among its goals the ability for users to exchange any world currency for the cryptocurrency. Their roadmap also has plans for debit cards and integration with financial institutions.
While the ideas on their roadmap sound appealing they don't currently have a working product of any kind, and they aren't really doing anything that others have not already started doing, but better. At worst, a Cryptonex investment is wasted money on a possible scam coin. At best it's simply a mediocre pipe dream.
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 Cryptonex?
You can purchase Cryptonex on a relatively small number of exchanges. All of them are ones that I tend to avoid due to issues with how they are run. They have their own exchange which seems to show zero trade volume which is a red flag for me to stay away, but should you wish to buy some coins there is at least one option with some trading volume. They also have an option to purchase it from them directly, but the process seems very shady.
If you need a place to store your CNX tokens you can use their desktop wallets for Linux, Mac or Windows. They do not currently have a mobile wallet available. Keeping coins on any exchange but especially the ones this asset is listed on is not advisable. Many smaller exchanges have a habit of going down without warning, and if they do you very well may never see your money again. If you do need to use one of these exchanges; purchase your coins, and then immediately transfer them to a safe wallet in your possession.
Any “up to no good” coin, with a shitty idea, can soar high in the market, especially when the team behind the project understands the market. However, regardless of how grand or trivial the solution a blockchain base project brings, I think if they have gained some reasonable followership in the audience, then they deserve some credit. Given this project, what I can pinpoint is it lets you trade your token for fiat money. It’s a kind of decentralized exchange nothing more. Bringing in more currencies into their menu will go a long way in boosting its relevance, popularity, and hence its value. This is a welcome development and one that has room for increase. Well, I am still watching.