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SIRIN LABS Token (SRN) Analysis

Market Cap

$6,535,932 USD

Volume (24h)

$1,944,720 USD

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3.0
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    SIRIN LABS Token Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    SIRIN LABS Token Volume Ratio Rank: 30/100

  • Market Cap

    The total cost of all coins available.

    SIRIN LABS Token Market Cap Rank: 88/100

  • 24h Change

    Is the price moving up or down?

    SIRIN LABS Token 24h Change Rank: 48/100

  • Google Trends

    How many users are searching for the coin?

    SIRIN LABS Token Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    SIRIN LABS Token Twitter Citation Rank: 1/100

  • User Voting

    How popular is this coin among Cointobuy community?

    SIRIN LABS Token User Voting Rank: 91/100

SIRIN LABS Token investment analysis

SRN is looking to bring new technology to the blockchain, and not just in a software sense like most projects are either. They're actually developing some blockchain friendly hardware devices including a mobile phone, and an all in one desktop PC. These products will run their own open sources operating system, which will also be available to OEM manufacturers. These devices will feature uncompromising privacy and security features, along with a built-in cryptocurrency wallet.

While their hardware looks promising, there does not seem to be a very big use case for the token itself outside of using it to get a discount on the devices. For that reason, those looking to make a SIRIN LABS Token investment may want to consider this flaw. While they are working on their own "fee-less" transaction system, the currency likely doesn't have enough merits to make people swap from other more popular options.

SIRIN LABS Token investment price
$0.013289
SIRIN LABS Token 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.

+9.7%
SIRIN LABS Token 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.

$0.014578
SIRIN LABS Token Rating

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

701/3421
by Safety
2878/3421
by Profit
historical data

How to buy SIRIN LABS Token?

Investors can easily buy SIRIN LABS Token on a number of reputable exchanges, including one high volume option. Bitcoin is the most viable trading pair here, as it controls most of the liquidity. However, there is some volume in Ethereum, and the US Dollar Tether as well if you would prefer to utilize those options.

This is an Ethereum asset, and that means that you'll need a compatible ERC20 wallet in order to properly store your tokens. A few popular choices for this are My Ether Wallet, Meta Mask, and the Ledger hardware wallet. It's important that investors never leave their coins or tokens on an exchange for safety reasons.

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Is it safe to invest in SRN now?

Phones and even many pre-built computers have been locked on the consumer end for some time. Many of these devices have serious security flaws and will come pre-installed with massive amounts of "bloat-ware", software that the end user never wanted or agreed to download. On this front, the project is quite interesting. They are planning to create their own hardware devices and their own open source OS.

The mobile phone looks the most promising, as there are not many easy to use options outside of Android or iOS, who while coming around to the blockchain, have not been coming around by means of privacy. The PC is a confusing choice though, as people can already use many flavors of Linux to accomplish the same thing on any hardware, which already has a much greater distribution.

As far as the token goes though, things are a little less exciting. The company has used the asset to fund their venture, but the use cases for it after the fact are pretty flimsy. In fact, the only real purpose of it now is that you can receive a discount on your phone or all in one PC if you pay using SRN. This means that cryptocurrency enthusiasts that are looking to invest in SRN, because they are passionate about the hardware, may find that the financial gains could be lacking with no real use case.

They do plan to institute a transaction system on their network, but with little benefits, it seems dubious whether or not anyone would choose to pay for things with SRN over a more popular coin like Bitcoin or Monero. They claim that the app store will only allow purchases in SRN, but that will likely just turn people off as opposed to forcing them to transact in a currency they don't really care about.

The SIRIN LABS Token analysis is not particularly impressive. While the volume seems to be increasing, they are falling flat on both social media outreach and Google trends, two very important areas for a blockchain project.

They have however begun working on some attractive partnerships including one with Foxxcon technologies, the company that manufacturers popular consumer goods such as Xbox, iPhone and Playstation, and they've also reached an agreement with Cardano. The last being a mutual strategic partnership for both projects. They have already gathered 25,000 preorders for their smartphone device, and investors interested in a blockchain-based phone may want to check out their videos and roadmap.

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