Sign Up Login
Coins Trends Exchanges ICOs Countries Compares Tips How does it work?

Dropil (DROP)

Market Cap

$7,957,068 USD

Volume (24h)

$337,412 USD

4.1
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Dropil Markets Rank: 3/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Dropil Volume Ratio Rank: 4/100

  • Market Cap

    The total cost of all coins available.

    Dropil Market Cap Rank: 90/100

  • 24h Change

    Is the price moving up or down?

    Dropil 24h Change Rank: 60/100

  • Social Following

    How many users are following this coin?

    Dropil Social Following Rank: 76/100

  • Google Trends

    How many users are searching for the coin?

    Dropil Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Dropil Twitter Citation Rank: 50/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Dropil User Voting Rank: 100/100

Dropil investment analysis

A Dropil investment works double duty in that you can hold your coins to allow them to appreciate in value or you can use them to pay for services on their automated trading platform. Their bots will look to perform profitable trades for you automatically. This is not really anything new, it's just in a prettier package.

Trading bots have existed in cryptocurrency for years, and I have some very big reservations about how they are going to operate on exchanges to make trades. There are also some serious questions regarding the legal status of Dropil's ICO that should give potential investors pause. Read on to see my entire analysis of this new baby ERC 20 token and their proposed autonomous technology.

current price
$0.00035
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.

+124.6%
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.

$0.000785
Rankings

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

118/1946
by Safety
1388/1946
by Profit
historical data

How to buy Dropil?

If you do decide to buy Dropil there are a few exchanges on which you can do so. There is equal liquidity for both the Bitcoin and Ethereum pairs. You should be able to use either of these pairs to complete your trade quickly and easily.

This is an ERC20 token, which can be stored in any wallet that is capable of holding Ethereum and ETH assets. There are many, many options for this such as My Ether Wallet, Coinomi mobile wallet, and the Ledger hardware solution for cold storage. It's not advisable to ever keep your coins on an exchange, especially the smaller once as they are apt to vanish with your investment.

Most popular coin comparisons
SALT
NEXO
CEL
ETH
ELA
ETC
BNB
ETH
ADA
ONT
VTHO
LSK
LINK
HC
Most recent coin comparisons
XRP
ADA
XLM
TRX
ETH
VEN
ICX
LINK
TRX
XVG
CHZ
ETH
ADA
TRX
BTC
ETH
RVN
MATIC

Is it safe to invest in DROP now?

I'm not sure I'd care to invest in DROP. I'm wary of anyone that's trying to sell a trading bot. For starters, the whole business seems a little shifty. Anyone who offers you money with no work is likely not being totally upfront with you about the process.

Secondly, exchanges do not like trading bots, for good reason. They are likely to ban these processes from accessing their services. Many have already done that, and I'm sure others are on the way to doing so.

I find it likely that government regulators will also have a problem with this type of "service". What's more is that Dropil is not a cryptocurrency so much as it is a company, which I don't particularly care for.

Upon starting my research their website was having issues, and parts of it still don't seem to be working properly which gives me pause as well. It's also been reported that their offering has somehow skipped any KYC regulations which could be very bad news for them later. I can't see any legal way they have gotten around this, and that leaves this particular investment ripe for an SEC crackdown when they decide to start flexing their muscles.

A few users in the Reddit sub for this coin have also raised concerns over it being a potential ponzi scheme, some even describing their plans to jump ship should things head south. Based on the information concerning their KYC, I doubt they have any other legal measures in place, and that would make me very hesitant to put any money into DROP.

After the Bitconnect fiasco, I'm sure regulators will have their sights laser focused on something claiming to offer an autonomous trading bot that gives out high percentage returns to investors. While many have questioned their methods, they don't seem very upfront about them which is a red flag to me.

In short, trading bots are nothing new. This one is just in a fancier package, and I'm staying far away from this token. It may be very well legitimate, but I feel that certain government agencies are going to have something to say about their offering whether due to a failure to properly register or with questions regarding how their product works.

If you do choose to invest in Dropil, be sure it's an amount you can afford to lose, and never put all your eggs in one basket. Buyer beware.

Leave your comment

Comments (2)

In order to leave a comment
please enter the website
Sign Up Login
frogman500 10/22/2019

Dropil is an awesome platform. Wide range of products with a solid Dev team and very bright future...

Rototo 10/22/2019

Drops is the best