Shift (SHIFT) Analysis
Market Cap
$442,897 USD
Volume (24h)
$247 USD
Top cryptocurrency services
Shift investment analysis
This is a "build your stuff on our blockchain" type of application. The team behind this project has created a product that will allow users to host Dapps in a decentralized environment, much like Ethereum. However, unlike the current Ethereum network, each of these applications will be issued their own side chain.
This allows greater scalability and increased potential for developers, who will also be able to program their offerings in JavaScript, a language that many are already familiar with, easing the burden of adoption new blockchain systems.
While the project's goals of a decentralized web where nobody has to worry about being silenced are noble, there's one problem. Ethereum has more or less already created and capitalized on this environment. While the network does have its problems, the developers are quickly working to address them with their own scaling solutions.
Once those solutions are implemented, there may be little reason for developers to use an alternative blockchain such as this one. Could this spell trouble for your Shift investment? Only time will tell, but in this review, we'll dive a little deeper into the project's fundamentals. They do have some interesting roadmap goals, and this project is certainly worth looking into.
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 Shift?
Investors can buy shift on just a handful of exchanges. While this is at times inconvenient, there is a good deal of trading volume here. So, while you may need to make some secondary exchange accounts, there won't be any worries about whether or not there's enough action here to support your trade. Even sizeable investments can go down without a hitch. However, Bitcoin is really the only viable trading pair. Ethereum is available, but there's not enough liquidity to make it useful.
In order to store your investment, you'll need to download the official wallet. This is available from the project's website. They have made available installation files for Windows, Mac, and Linux, However, there's also a web wallet if you would prefer something that you don't need to download at all. In any case, make sure to create a backup of your installation somewhere safe. Otherwise, you could be in big trouble if you lose access to the wallet. This would leave your funds unreachable. As cryptocurrency investors, we must be careful to protect our funds at all times. Remember, there's nobody that can get them back for you if you lose them.
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