FairCoin (FAIR) Analysis
Market Cap
$1,678,630 USD
Volume (24h)
-
Top cryptocurrency services
FairCoin investment analysis
The idea behind your FairCoin investment is that it is fair. If you were unaware, a large portion of the Bitcoin hash rate is actually controlled by Chinese miners, possibly even only a few small groups. Many people are not happy about this, especially when Bitcoin was meant to be a fair and decentralized method of transaction. To that end, the developers behind this coin have attempted to create a more fair ecosystem that is controlled by the fair.coop and cooperative nodes who validate the transactions.
This allows more people to be democratically involved in the decision-making process for the project, instead of allowing a few individuals to hold the majority of the governing power of the coin. This currency also specializes in being not only faster than Bitcoin but also more ecologically friendly thanks to its reduced power usage.
Unfortunately, it does not seem that this project has taken off. It has been around since 2014, and while their motives are good, the reality is that nobody seems to care. The trading volume for this asset has dropped to dangerous levels, and that's usually a sign of the end for a cryptocurrency. However, this is not a dead coin.
Behind the scenes, the team has been working on some interesting new developments including the ability to use decentralized applications on the blockchain and some new exchange listings that could help to dig them out of their hole. While they had a higher profile listing on Bittrex, it seems they were removed due to being wrongly pegged as an ICO.
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 FairCoin?
Unfortunately, there's only one exchange where investors can buy FairCoin. The trading volume is also pretty low. Investors should be cautious here. A low volume asset with only one exchange could be in danger of becoming a homeless coin. With nowhere to trade your asset, at best you'll be stuck with it. At worst it becomes completely worthless. There is enough volume to support a small trade, but if you plan to make a large transaction then you may need to be a little more patient. Otherwise, you could end up seriously overpaying for your coins.
If you need a safe place to store your coins off of the exchanges, then there's a number of nice wallets available for this cryptocurrency. The developers have creates installation packages for Windows, Linux, Mac, and Android. You also have the option of using a paper wallet or web wallet. However, the web wallet seems to be hosted by a third party, and this requires a good deal of trust on your part. This route may not be recommended, and you'd be better off going with a private wallet installation which you can be sure that you control completely.
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