CyberVein (CVT) Analysis

Market Cap

$9,828,745 USD

Volume (24h)

$75,802 USD

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3.3

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

CyberVein Markets Rank: 3/100
Volume Ratio

How actively is this asset being traded on the market?

CyberVein Volume Ratio Rank: 1/100
Market Cap

The total cost of all coins available.

CyberVein Market Cap Rank: 89/100
24h Change

Is the price moving up or down?

CyberVein 24h Change Rank: 50/100
Social Following

How many users are following this coin?

CyberVein Social Following Rank: 92/100
Google Trends

How many users are searching for the coin?

CyberVein Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

CyberVein Twitter Citation Rank: 1/100
User Voting

How popular is this coin among Cointobuy community?

CyberVein User Voting Rank: 94/100

CyberVein investment analysis

Data and everything that surrounds it, whether big-data or information processes, all are important assets in an information-driven world of today. CyberVein is all about interfacing with data networks through its platform to provide a truly decentralized and optimized data hub or center where all functional approach to the utilization of these data resources are easily accessible without the purview of centralized authorities.

As CyberVein investment is really all about the data economy, we can agree on one thing, and that is, it has targeted a viable market trend. Blockchain may have ushered in the era of the internet of value, however, the precise usage and adoption potential spans many different sectors of the entire economy.

As the name implies, ‘vein’ is metaphoric of the data conduction model, such that all the players of the data economy can plug into a huge array of data sets that are stored across the globe on different databases.

$0.009269

by Safety

by Profit

How to buy CyberVein?

CVT tokens are now tradable on a few numbers of exchanges, and altogether, they have about 6 markets for the asset, where they are being traded with BTC, ETH, and USDT. As of the time of writing, ETH has the largest trading volume across all the other exchanges and this should be a good hint to deciding which cryptocurrency to use to buy CyberVein.

To buy CVT using your credit card, you would require a two-step process involving the purchase of any of the trade pairs, the most convenient for you depends on factors such as price and preferences. But if you already have any of the mentioned cryptocurrencies, the steps are pretty easy if you already know where the asset is listed for trading.

CyberVein is an Ethereum based token, therefore any of the known compatible wallets to store the asset. Such as myetherwallet or even metamask. Ledger Nano wallet is also an option.

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C98

The coin had just been trading a few months before this review, and only a few fairly popular exchanges had listed it. Hopefully, as the platform continues to unveil its potential to a greater number of supporters in the community, they will receive more listing options.

Up until the advent of blockchain technology, many databases around the world have been siloed, such that interdependent and interfacing of heterogeneous data centers were practically impossible without a central authority to oversee the system, which tends to make it a bit more biased based on sensor-capitalization effects.

CyberVein claims to have reinvented blockchain, rewriting the fundamentals to now account for a more robust data management infrastructural network. This in a lot of ways proves that the potential of blockchain is not limited by the mere storage of immutable data, but also the accessibility of such data on a parallel note for a number of use cases practice.

Their consensus algorithm is rather simplistic when compared to the huge resource demand of legacy blockchain systems. The proof of contribution allows users to contribute their disk space for sharing models.

The tentative use cases to be of relevance to this platform will include any system that is highly dependent on large chunks of data and from a wide array of sources. As simple as pharmaceutical industries relying on test data across different drug trials and competing products, this platform can perform exceedingly and reliably more efficiently than traditional database management systems. Other relevant prospective applicable areas include IoT, artificial intelligence, supply chain networks, etc, where big data is big business.

All this is can be possible in a decentralized world because of the fact that blockchain technology as a term has introduced many features that makes the flexibility of such data manipulation much more rewarding, even though the data structures will be stored in an immutable fashion.

As decentralization is becoming a household name in the internet space, and smart contracts and their derivatives, on the other hand, ushering in a new system of governance that is community centred and dependent on an emerging economy, this platform is most likely to build a niche for itself and insert itself into a global information economy.

Based on their historic achievements so far, community support and acceptance have been encouraging, with over 6,000 subscribers, followers and members across their different social media platforms. Though not comparable to many projects out there, however, if treated as an undervalued asset, and the presumption proves to be true, the return on investment could be satisfactory.

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