Sign Up Login
Coins Trends Exchanges ICOs Countries Compares Tips How does it work?

Primecoin (XPM)

Market Cap

$4,972,153 USD

Volume (24h)

$73,557 USD

3.3
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Primecoin Markets Rank: 5/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Primecoin Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Primecoin Market Cap Rank: 85/100

  • 24h Change

    Is the price moving up or down?

    Primecoin 24h Change Rank: 57/100

  • Social Following

    How many users are following this coin?

    Primecoin Social Following Rank: 72/100

  • Google Trends

    How many users are searching for the coin?

    Primecoin Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Primecoin Twitter Citation Rank: 6/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Primecoin User Voting Rank: 84/100

Primecoin investment analysis

Primecoin is actually one of the only projects of its kind because it actually gives a purpose to Proof of Work mining. In all Proof of Work cryptocurrencies the miner's computer must solve certain problems set forth for the purpose of validating blocks, the use case ends there. The "problems" are not needed for anything else. XPM is actually a scientific initiative which turns these hashes into powerful tools that search for prime numbers.

While adding a purpose to the massive hashing power that cryptocurrencies consume is admirable, those interested in making a Primecoin investment should be aware that this project is quite niche. Their social media accounts are dead for the most part, and there is no ongoing development for this currency. While there are some community members still hanging around, and there might even be some people mining it, it's unlikely it will see any future advancements.

How to buy?
current price
$0.184555
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.

+385.6%
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.

$0.896168
Rankings

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

362/1871
by Safety
439/1871
by Profit
historical data

How to buy Primecoin?

Investors can buy Primecoin on a good number of exchanges. They have a lot of listings, and even some popular options are present here. While they have quite a few pairings, only two of them have enough liquidity to be able to successfully support a trade, unfortunately. Traders will need to utilize either Bitcoin or the US Dollar Tether.

In order to safely store your assets, you'll need to download the official wallet from the coin's website. They have installation packages for Windows or Linux. There does not seem to be a download available for Mac, so if you're a Mac user you'll need to find a workaround or emulator that is capable of hosting one of the other wallets. In any case, cryptocurrency enthusiasts should make sure to always back up their wallet file in order to protect their investment. If your host device becomes inoperable, this will be the only way to restore access to your wallet.

Buy now
Most popular coin comparisons
ETH
ELA
SALT
NEXO
CEL
QTUM
ICX
LEND
SKY
ELA
STRAT
ARK
Most recent coin comparisons
STORM
WAN
VEN
THETA
ELA
STORM
DTA
GRFT
PIRL
TKY
MNX
AURA
REM

Is it safe to invest in XPM now?

If we take a look at the Primecoin analysis we can see that right now this asset is experiencing an unusual spike in price. Considering this project is all but dead by ways of development and social media, this should be a serious red flag to investors.

There were rumors of a fork which helped to inflate the price, but this project has not seen an update for some time. In fact, their Github has been lacking in updates since 2014. Why anyone would choose to fork this project is confusing, and the person supposedly behind it has garnered a poor reputation already from the Zclassic fork.

Many are calling this a blatant pump and dump scam, and investors should be very careful about placing any money here. If you're truly interested in the fork, then it might be a better idea to purchase the new asset after the fact when everything calms down, because as it stands, this asset is trading at highly inflated levels.

Investors who might be tempted to invest in XPM for this supposed fork should know that there is no established date or even evidence that it will actually happen. If the fork does not happen, then the value of this asset will likely collapse, and investors could experience heavy losses. Even the sparse discussions in what's left of the XPM community seem sure that this will be a short-term event for the asset.

Unfortunately for Primecoin, either way, it will likely be another blockchain casualty, left to rot in the graveyard of dead cryptocurrencies. Either the fork happens and it's replaced by a new airdropped coin, or it does not and the asset falls back into obscurity. Investors should think long and hard about whether or not this is a risk that they are willing to take, because at this point it would require a substantial investment.

If you're not actually a miner, then the niche appeal of this currency will likely be lost on you, and there are better projects to throw money at for a much more attractive price that are still actively being developed. Investors should do their own research before making any risky investments and never gamble with money you may need in the short term.

Leave your comment

Comments (0)

In order to leave a comment
please enter the website
Sign Up Login