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Genaro Network (GNX) Analysis

Market Cap

$4,176,061 USD

Volume (24h)

$8,985,520 USD

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4.2
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Genaro Network Markets Rank: 3/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Genaro Network Volume Ratio Rank: 100/100

  • Market Cap

    The total cost of all coins available.

    Genaro Network Market Cap Rank: 86/100

  • 24h Change

    Is the price moving up or down?

    Genaro Network 24h Change Rank: 52/100

  • Social Following

    How many users are following this coin?

    Genaro Network Social Following Rank: 88/100

  • Google Trends

    How many users are searching for the coin?

    Genaro Network Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Genaro Network Twitter Citation Rank: 1/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Genaro Network User Voting Rank: 80/100

Genaro Network investment analysis

GNX is a decentralized, public blockchain project that offers developers a one-stop solution to deploy their projects and to utilize storage options on the blockchain. Their platform allows users to share their hard drive space and to earn tokens for doing so. They have plans to create a global computing system that will support DApps and replace cloud storage and computing solutions like Amazon's AWS.

However, this is a very, very competitive niche, and with the growing number of cryptocurrency projects heavily focused on DApps, storage and cloud computing a Genaro Network investment just doesn't seem very appealing.

While their team is talented and experienced I just can't see them generating enough hype to set themselves apart from the potentially hundreds of other similar offerings available in the crypto space.

Genaro Network investment price
$0.015257
Genaro Network expected 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.

+243%
Genaro Network 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.

$0.052335
Genaro Network Rating

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

222/4138
by Safety
1588/4138
by Profit
historical data

How to buy Genaro?

It's possible to buy Genaro on several exchanges, but since this is a Singaporean company it may not be the ones you are used to. The highest volume trading pairs are for Bitcoin and Ethereum. Both pairs have fairly even liquidity so it's easy to perform a trade using whichever one you prefer. There is also some volume for the US Dollar tether currency.

GNX is an ERC20 token. This means that it's possible to store them in any wallet that is compatible with Ethereum assets. There are many options that will work here, but some popular options include the Meta Mask add-on for browsers, Coinomi's multi-asset Android app, and the Ledger hardware wallet for cold storage solutions. In any case, you should never keep your coins or tokens on an exchange. Instead, protect your investment by placing it in a wallet that is in your possession.

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Is it safe to invest in GNX now?

While I do feel that the ability for businesses to build their own applications on the blockchain will be very valuable in the future, the problem is that there are so many options it's overwhelming. In fact, it seems almost every cryptocurrency that launches now has the ability to support DAaps, and because of that, it makes a decision to invest in GNX a mediocre one.

There are just too many competitors in this space, many of them with better branding, more funding, and robust features that set them apart from the pack. Unfortunately for Genaro Network, they just don't have any of that, and for that reason, I can't see them breaking through the noise any time soon or ever if DApps are their only offering.

Their team is very experienced, they have a lot of blockchain knowledge, and they have a lot of advisors from their home country backing them. Due to this, I believe they may be able to carve out a nice niche as an on chain application platform in Singapore, but spreading any further will likely be difficult.

Their social media pages are rather lonely looking, and most of their "news" involves that a trading bot is choosing their coin which is quite worrying, to be honest. They need to step up their marketing game something fierce, or they risk falling behind.

In conclusion, while Genaro provides a service I see being very valuable in the future they just aren't doing it well enough for me to invest in this Singaporean blockchain startup. If there were less players in the space then I could see them being a viable solution, but they just don't have enough to set them apart from higher-profile competitors.

Perhaps in the future, they will develop something else that will make them more unique, but until that changes I can't see myself putting any money into this project when there are so many better options available and more popping up every day. Someone will no doubt bring businesses to the blockchain, but I doubt it will be GNX.

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