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HempCoin (THC)

Market Cap

$7,724,594 USD

Volume (24h)

$23,358 USD

3.2
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    HempCoin Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    HempCoin Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    HempCoin Market Cap Rank: 83/100

  • 24h Change

    Is the price moving up or down?

    HempCoin 24h Change Rank: 51/100

  • Social Following

    How many users are following this coin?

    HempCoin Social Following Rank: 84/100

  • Google Trends

    How many users are searching for the coin?

    HempCoin Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    HempCoin Twitter Citation Rank: 2/100

  • User Voting

    How popular is this coin among Cointobuy community?

    HempCoin User Voting Rank: 88/100

HempCoin investment analysis

HempCoin is a decentralized payment option aimed at the marijuana industry. It's nowhere near the only option though, and investors should investigate all of these coins before making any investment decisions.

The marijuana industry has long been plagued by poor experiences with payment processors, but despite marijuana focused cryptocurrencies appearing as far back as 2014, they have failed to catch on with their target demographic for whatever reason. Likely due to the fact that cryptocurrency adoption as a whole had not yet progressed far enough yet.

Investors should be aware that THC will be experiencing a coin swap this year which will give its users access to a plethora of new features. This includes privacy features based on the Zercoin protocol, access to masternodes for holders with 50,000 coins, a governance system and a new budgeting and treasury initiative which will be self-funded by the new masternode protocol.

This is in addition to the HempPay platform which will allow for easier payment integrations for merchants. Keep reading to find out more about making a HempCoin investment.

current price
$0.032026
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.

+492.1%
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.

$0.189625
Rankings

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

311/878
by Safety
314/878
by Profit
historical data

How to buy HempCoin?

There's only one exchange listing where investors can buy HempCoin, and that's troubling. While there is decent trading volume here, if the exchange decides to pull their listing for whatever reason, this asset will be without a home. A homeless cryptocurrency is bad news for holders who now have no way to trade their coins. Investors should be very careful, and there should be serious efforts on the developers part to seek out new exchanges. Bitcoin is the only trading pair here, and you'll need to use it to execute a trade.

It seems that there's only one wallet available for this coin, and that is a Windows installation package. Investors with Linux machines may be able to find a compatible wallet using the project's Github page, but Mac users are likely out of luck here, and they will need to utilize some type of emulator if they are interested in making an investment. After downloading the wallet installation package, make sure to encrypt your wallet with a strong password, and then create a back up of your wallet file in a safe place in the event that your machine becomes inoperable.

Is it safe to invest in THC now?

The HempCoin analysis tells us that while the coin has a decent social media presence, they are struggling with other areas. This is obvious in the trading volume and exchanges category where they are in desperate need of support, but also in search trends.

Investors are not actively searching for the coin, limiting their ability to gain new capital. While the coin swap will likely help with this, it's not a permanent fix, and the team will need to make considerations for their future marketing efforts.

If you plant to invest in THC, then you should know they are not the only project around that caters to the marijuana industry. You might actually be more interested in Dope Coin who has already not only created their own merchant integrations but are also working on launching an advertising network that will support their currency.

While THC is working on some additions too, one of them is quite confusing. Part of the HempPay system is meant to incorporate a payment card which they plan to be issued by a traditional processor such as Visa. This is a poor move for a marijuana-focused project. Especially seeing as the whole point of these cannabis currencies is to move away from traditional payment processors which are giving dispensaries so many problems.

While they do have some good ideas with the addition of privacy-focused transactions and the masernodes which will fund their development efforts, their solution just doesn't seem as good as DopeCoin's advertising network, which manages to address another severe cannabis industry pain point. In comparison, the THC roadmap seems a little scatterbrained and counterproductive.

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