SophiaTX (SPHTX) Analysis

Market Cap

$800,215 USD

Volume (24h)

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3.2

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

SophiaTX Markets Rank: 2/100
Volume Ratio

How actively is this asset being traded on the market?

SophiaTX Volume Ratio Rank: 1/100
Market Cap

The total cost of all coins available.

SophiaTX Market Cap Rank: 81/100
24h Change

Is the price moving up or down?

SophiaTX 24h Change Rank: 50/100
Social Following

How many users are following this coin?

SophiaTX Social Following Rank: 95/100
Google Trends

How many users are searching for the coin?

SophiaTX Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

SophiaTX Twitter Citation Rank: 1/100
User Voting

How popular is this coin among Cointobuy community?

SophiaTX User Voting Rank: 90/100

SophiaTX investment analysis

This company is basing its existence upon their belief that the business world will need to utilize blockchain technology. They've done this by creating a product which will allow corporate clients to upgrade software which they already use such as customer relations management software and enterprise resource planning applications. This solution is specialized to work with organizations which employee fifty people or more who will have far different needs than a smaller enterprise or community project would.

SPHTX is building an efficient and scalable blockchain solution that will allow corporations to use the immutable ledger as a powerful tool to lower the overhead for their logistics, employee management, and customer relations sections. In the future, it's likely that many enterprises and industries will want to leverage this technology to their advantage, and a SophiaTX investment will allow them to easily integrate this with their existing systems.

While there are a few competing coins in this space, SPHTX makes the process of integrating blockchain technology into existing businesses something that anyone can do regardless of their knowledge of the space.

$0.002418

+47.5%

$0.003568

872/4138

by Safety

3523/4138

by Profit

How to buy SophiaTX?

Investors can easily buy SohpiaTX on a decent number of exchanges, so it should be easy to make a trade here. There's ample trading volume available for both the Bitcoin and Ethereum trading pairs.

This is an Ethereum asset, and as such you will need to store it in a compatible ERC20 wallet. Fortunately, there are a large number of wallets available for this purpose. If you do not already have one, then you could try using Coinomi's mobile wallet for Android or iOS phones or perhaps My Ether Wallet if you'd prefer a web wallet. In any case, be sure to immediately create a back up of your wallet file or seed for safe keeping.

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The prospects for this project are interesting. While there are many projects looking to cut off a slice of this sector for themselves, many of them fail to address the needs of corporate clients. These are scalability, security, and the ability to work with their current systems.

Most large-scale corporations have millions of dollars invested in their current infrastructure. While for smaller businesses, a switch is quite easy, when you have thousands of employees, clients and business partners, the task becomes monumental.

For that reason, SPHTX's ability to integrate the blockchain into software that every major business is already using is priceless, and it will likely treat them very favorably in this race for blockchain adoption.

If we take a look at the chart, we can see from the SophiaTX analysis that they have an excellent social following. They've also made a small dent in the search trends, which can be a little harder to crack. Unfortunately, their markets section is a little lacking as they are not traded on many large exchanges right now.

That could change in the near future though, as it takes time for an asset to be picked up by the larger players here. Once that happens we could see the trading volume for this particular asset jump as more investors gain the ability to purchase it or learn of its existence.

If you're looking to invest in SPHTX you'll need to weigh them against all of the competing projects in this space. There are a few of them, and it's worth checking them all out. Keep in mind that there is not likely to be one winner here. Different industries or businesses will have different needs, and there's space for many companies in this area to co-exist.

However, SophiaTX seems to offer more than the average ICO. The benefits and features they can lend to these potential corporate partners are robust, and their ability to extend the usefulness of existing software is very cost effective and will be easier to implement.

They feature easy to use APIs that can be plugged directly into existing enterprise software applications, meaning that employees will not need to be trained to use new software solutions. This seamless integration will likely make SophiaTX a winner in their respective space.

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