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Skycoin (SKY)

Market Cap

$25,991,559 USD

Volume (24h)

$588,507 USD

4.3
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Skycoin Markets Rank: 2/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Skycoin Volume Ratio Rank: 2/100

  • Market Cap

    The total cost of all coins available.

    Skycoin Market Cap Rank: 94/100

  • 24h Change

    Is the price moving up or down?

    Skycoin 24h Change Rank: 50/100

  • Social Following

    How many users are following this coin?

    Skycoin Social Following Rank: 60/100

  • Google Trends

    How many users are searching for the coin?

    Skycoin Google Trends Rank: 10/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Skycoin Twitter Citation Rank: 89/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Skycoin User Voting Rank: 98/100

Skycoin investment analysis

SKY is a coin for a decentralized internet, an exciting project that wants to give control of internet access back to the people. This will not only protect privacy but also offer fairer pricing for access to those in areas which are either restricted from viewing content or even trapped with only one choice for providers.

This project aims to offer fair access to the web for everyone no matter who they are or where they are from. It's an ambitious venture, but one that's a long time coming. Your Skycoin investment may well be the most exciting one you'll ever make.

How to buy?
current price
$1.73
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.

+34.5%
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.

$2.33
Rankings

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

82/2282
by Safety
1593/2282
by Profit
historical data

How to buy Skycoin?

Unfortunately, if you want to buy Skycoin you may need to use an exchange you're likely not used to using. This coin is available on only a few of them, and most big players are notably absent. The most viable trading pair here is bitcoin. While there are others the volume may be too low for them to be usable.

The best place to store your SKY is by using one of the desktop wallets from the official website. They have builds for Windows, Mac and Linux systems available.

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Is it safe to invest in SKY now?

It could be a very attractive time to invest in SKY right now. They offer an amazingly useful technology, their coin supply is quite low, they have an impressive project, and they are clearly the top startup in this space.

What exactly can their service provide for you though? Well, for starters you'll be able to purchase access to the internet using the tokens. You won't be forced into committing to any contracts with an ISP, and you won't need to give up any of your personal information to them.

In addition, your access can't be limited by a centralized platform, and your activity will not be tracked. This can also be very useful in countries with extreme censorship that restricts freedom of information from their citizens.

I'm excited about the technology they offer, and to be honest I've been waiting patiently for someone to make this type of service a reality, and I think the SKY team may just be the ones to do it.

If the technology is not enough for you then maybe their team will help convince you. Their founders are some of the earliest contributors to monster projects like Bitcoin and Ethereum. Instead of piggybacking off of an existing chain the Skycoin team has actually built a new decentralized algorithm called Obelisk.

In a world full of copy cats and "cut and paste" ERC tokens this is very refreshing, and it shows a lot of dedication and love has been put into the development. They aren't stopping at an internet freedom either. They also offer the ability for applications to be built on top of this network by utilizing "Fiber" their own scalable chain.

They've created their own "miners" which you can purchase to earn mining rewards, and they've laid the framework for the building of other encrypted applications that people who plan to utilize this decentralized internet will need for privacy and protection. They've also solved the biggest problem faced by Ethereum: the dreaded blockchain bloat.

Every token hosted on SKY's network will receive its own chain. That means something like CryptoKitties won't give the hug of death to Skycoin like it did to Ethereum. While there are many platforms who are currently trying to solve this problem, this one has already done it, and they've got so many more features that it's hardly a contest. In fact, they've got so much going on it might even be a little overwhelming!

In conclusion, if you're tired of looking at ICOs and tokens with big promises and no meat then look no further than SKY. Their technology is unmatched by anyone else, and their team is full of experienced blockchain veterans who have the skills and the discipline to take a project of this scale all the way. Their project will provide a much-needed service to people all over the world, and I'd advise you to put it on your watch list immediately because I expect big things from them.

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