NewYorkCoin (NYC) Analysis
Market Cap
-
Volume (24h)
$2,614 USD
Top cryptocurrency services
NewYorkCoin investment analysis
This coin is meant to facilitate fast and cheap transactions between parties as an alternative to Bitcoin, which can be slow and expensive. The team has made fast progress with their developments, and they have already on-boarded their first handful of merchants to accept the coin for purchases. All in all, they have acquired about 20 partners willing to accept the currency, and they've also acquired partnerships with popular multi-currency wallet Coinomi so investors have a convenient place to store their coins.
If you're looking to make a NewYorkCoin investment, then you should realize that this project was never really intended for the buy and hold mentality, but for the spending one. The circulating supply for this asset is very large, and that makes it a pretty poor choice for price appreciation, don't be fooled by the low price. The supply is the reason for this, and this coin will not ever reach Bitcoin level prices.
They are however doing pretty well adoption wise as far as new projects go, and if you're interested in a locale branded coin that is working hard to make fast and nearly free payments a reality for the denizens of New York and the rest of the world, then this is an interesting community project to look into. You could still make some money by holdings, you'll just need to have more realistic expectations and take this project for what it is.
They are not a flashy ICO, they do not have huge advancements in technology, they are simply a way for merchants and consumers to freely transact with each other, and there's nothing wrong with that. Simple products can go a long way as long as they do their job well.
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 NewYorkCoin?
Investors looking to buy NewYorkCoin will have a poor selection of exchanges upon which to do it. The offered options are not the best exchanges available, and if you do invest here you'll want to pull your funds from the exchange as soon as the sale is completed for safety. While the trading volume is not the best, it can support a trade in multiple currencies. Investors can utilize Bitcoin, Doge, Ethereum or even USD to make their trade.
There are a wide variety of wallet options available if you need somewhere safe to store your coins. You can take your pick from desktop client wallets for Mac, Linux, and Windows, or even mobile wallets for Android and iOS. Investors can also choose to utilize a paper wallet option for free cold storage if they plan to keep their coins for the long haul. In any case, make sure that you have created a back up somewhere that can not be lost or destroyed. You'll need this if you ever need to regain access to your money.
I am from Indonesia, i love NYC
I recommend this coin because it is decentralized and has a proven blockchain - churning out transactions every 30 seconds since 2014 with minimum support. There is no central control over the coin. NYC is 20X faster than Bitcoin and 5X faster than litecoin, retailers can now accept NYC Also most transactions are FREE in the newyorkc network! NYC is anonymous The Original NewYorkCoin is Open-Source and viewable to the public at Github code repository.based on an open-source platform. There is no central control over the coin.
best coin
I love NYC
I really appreciate this coin and recommend you test using it. The philosophy of this 1-satoshi coin is the same as that of Bitcoin. The creator is anonymous. The coins was created in 2014 and naturally developed without any company behind but merely by the community. 20x faster than Bitcoin, 5x faster than Litecoin. I tried transferring NYC with my friends through Coinomi Wallet and it took only less than 1 minute. NYC is a kind of classical blockchained coin. I believe it can surge one day like XVG, which has similar supply and a price history before the end of 2017.
I have decided to invest 10K USD into NYC , hope after 3-5 years I will become Millionnaire