SolarCoin (SLR)

Market Cap

$5,325,717 USD

Volume (24h)

$7,583 USD

3.5
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    SolarCoin Markets Rank: 3/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    SolarCoin Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    SolarCoin Market Cap Rank: 77/100

  • 24h Change

    Is the price moving up or down?

    SolarCoin 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    SolarCoin Social Following Rank: 77/100

  • Google Trends

    How many users are searching for the coin?

    SolarCoin Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    SolarCoin Twitter Citation Rank: 40/100

  • User Voting

    How popular is this coin among Cointobuy community?

    SolarCoin User Voting Rank: 98/100

Solarcoin investment analysis

This interesting blockchain project is a dual algorithm coin. That means that it functions under both POS and POW models, allowing multiples ways for interested parties to earn coins. However, they will swap from a traditional mined method to one that incentivizes those who produce solar power instead.

Solar energy producers will have the opportunity to earn 1 coin for every MHW of energy they produce. This effectively will directly tie the value of the coin to the energy produced. Investors will still be able to earn money by participating in the proof of work phase of the program.

The only issue here is that there are many solar blockchain projects out there, and some of them have very large backing. While a Solarcoin investment could be an attractive option, they may not be able to beat out these larger competitors who offer greater features and larger networks that assist in the buying and selling of this power.

It's possible that SLR will need to step up their game to be a contender here, and investors should explore all of their options before putting any money down.

current price
$0.117296
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.

+400%
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.

$0.586481
Rankings

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

229/878
by Safety
423/878
by Profit
historical data

How to buy Solarcoin?

This coin is traded on only a handful of exchanges, but they do have at least one major listing which offers them a good deal of volume. While the trading volume is excellent, and it can support trades easily, it is unfortunately not spread out very well. This confines it to mostly one exchanges, and really only one trading pair. Bitcoin is the best option here to execute a trade, and while there are pairings for EUR, USD, and CHF, the volume is likely too small for these pairs to be useful if you want to buy Solarcoin.

If you're looking for a place to store your coins, then you're in luck. The developers for this project have created many different wallet options, and it's easy to find a wallet that will work for you. This includes client applications for Windows, Linux and Mac operating systems and also Android or iOS systems. It's important to remember that no matter what wallet you use, you should make sure to create a back up of it to save your investment from disastrous situations.