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Nuls (NULS) Analysis

Market Cap

$52,032,075 USD

Volume (24h)

$62,728,912 USD

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5.8
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    NULS Markets Rank: 6/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    NULS Volume Ratio Rank: 100/100

  • Market Cap

    The total cost of all coins available.

    NULS Market Cap Rank: 94/100

  • 24h Change

    Is the price moving up or down?

    NULS 24h Change Rank: 54/100

  • Social Following

    How many users are following this coin?

    NULS Social Following Rank: 91/100

  • Google Trends

    How many users are searching for the coin?

    NULS Google Trends Rank: 42/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    NULS Twitter Citation Rank: 69/100

  • User Voting

    How popular is this coin among Cointobuy community?

    NULS User Voting Rank: 90/100

Nuls investment analysis

Your Nuls investment is yet another, build your blockchain on our blockchain style application. While I have no doubt whether businesses and even individuals will want to start building their own applications on the blockchain, the question is which startup will be the one that achieves mainstream adoption.

On this front, I'm not sure this token has what it takes to compete. They don't really have anything that sets them apart, except for the fact that they will allow you to use your tokens to host master nodes for passive income, which could be attractive to some investors.

I feel their lack of ease of use features, and the absence of the ability to host private chains will hinder them in comparison to other providers of similar services. Read on to see why I favor other platforms offering similar technologies over this one.

Nuls investment price
$0.522302
Nuls 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.

+279.6%
Nuls 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.

$1.98
Nuls Rating

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

9/4138
by Safety
1387/4138
by Profit
historical data

How to buy Nuls?

There are many exchanges where you can buy Nuls, this includes at least one top 5 option. While Bitcoin is the highest volume trading pair, there is also substantial liquidity for Ethereum traders as well. You should be able to easily complete a trade, at a fair price for either of these pairings.

This is an ERC20 token, and so you can keep them in any wallet that offers support for Ethereum assets. There are lots of good choices here, and there aren't really any incorrect options, other than keeping your coins on an exchange, which you should never do for the security of your investment. If you need a few suggestions then you can try My Ether Wallet, Meta Mask or Coinomi mobile wallet for ios or Android phones.

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Is it safe to invest in NULS now?

If you plan to invest in NULS, you should ask yourself whether or not this is the best project for the job of bringing decentralized DApps to the world. After all, there are a lot of blockchain startups trying to do this. For me, the answer is no. There are just too many competitors in the space, and the Nuls platform just does not bring enough to the table.

While the masternode feature may be interesting enough to entice some investors, as far as developers go I think there are better options out there. To me, the winning companies in these fields will offer the ability to build smart contracts and applications in a way that nearly anyone can begin placing their apps on the blockchain immediately.

Many competing projects are offering the ability of integrating more familiar programming languages like Python or Ruby or even creating tokens in just a couple of clicks. Unfortunately, this token does not provide any of these ease of use features that I feel will be necessary in the future. They also lack some more important features for enterprise applications like private chains.

I find it unlikely that world governments or even fortune 500 companies will ever use a blockchain product that does not let them ensure the safety of their sensitive information. A traditional, decentralized chain will never provide these capabilities, and they will just not go for it.

In closing, while blockchain hosted applications are certainly a valuable asset, I don't feel that this startup is doing enough to set themselves apart from the pack. There are so many competing projects in this space that it makes their offering seem mediocre in comparison.

If it were my money, I would instead search for a project offering ease of use features that would allow anyone to begin setting up their project on the chain, or a platform focused on offering massive scalability and private chain capabilities which most enterprise level applications will likely require. I don't really see any of that here, and unless you're interested in creating a master node to generate income, there's not a lot to see here.

This token claims to do everything, but they may be casting their net a little too wide, and I'm not sure that they even know who will be using their platform. In addition, their marketing efforts are not producing much, and it's a little too quiet on all fronts for my liking.

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