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SwftCoin (SWFTC) Analysis

Market Cap

$26,469,028 USD

Volume (24h)

$24,787,343 USD

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4.1
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    SwftCoin Markets Rank: 3/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    SwftCoin Volume Ratio Rank: 94/100

  • Market Cap

    The total cost of all coins available.

    SwftCoin Market Cap Rank: 89/100

  • 24h Change

    Is the price moving up or down?

    SwftCoin 24h Change Rank: 44/100

  • Social Following

    How many users are following this coin?

    SwftCoin Social Following Rank: 93/100

  • Google Trends

    How many users are searching for the coin?

    SwftCoin Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    SwftCoin Twitter Citation Rank: 1/100

  • User Voting

    How popular is this coin among Cointobuy community?

    SwftCoin User Voting Rank: 96/100

SwftCoin investment analysis

SWFTC is a decentralized exchange where users can easily swap between different coins. The token itself derives its use case from the fact that users can only pay their transaction fees using this token.

However, the exchange seems to function exactly like existing platforms such as Changelly and Shapeshift. So why would users want to purchase a strange token when they could simply use these better-known platforms instead.

However, there is a bigger picture to your SwftCoin investment. The team actually plans to create an entire ecosystem which can also work as a cross-border payment system. This would allow individuals and even commercial entities to send instant payments, which they could then cash out into their native currencies quickly and easily.

The platform will also allow for the collection of data from the project's users and machine learning which corporate partners will be able to tap into.

SwftCoin investment price
$0.006609
SwftCoin 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.

+7.8%
SwftCoin 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.

$0.007125
SwftCoin Rating

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

223/4338
by Safety
3872/4338
by Profit
historical data

How to buy SwftCoin?

For those looking to buy SwftCoin can do so on a number of exchanges. Many of these are a little bit more unusual choices though, and investors may find that they need to create some alternative exchange accounts in order to buy SWFTC. The trading volume is very good though, and there should be no problems in executing a trade. Investors will also be able to utilize several trading pairs including Bitcoin, Ethereum, the Chinese Yuan, and the US Dollar Tether.

This is an ERC20 token. Investors looking for a safe place to store their funds will need to seek out a reputable Ethereum wallet to do so. There's plenty of great options here, but if you need a suggestion, then you could perhaps try Coinomi's multi-coin wallet for Android or iOS. If you'd prefer a non-mobile wallet, then the Meta Mask browser add-on wallet may be a better option for you. No matter which one you choose, always make a backup of your seed for safe keeping.

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Is it safe to invest in SWFTC now?

The SwftCoin analysis tells us that this project is actually doing very well in multiple categories. All of their social media and search rankings are stellar. This means that investors are both following the project and actively searching for it in Google.

This is obviously a good sign that there is a good deal of interest circulating around this particular project, and it could mean that investors might want to buy it before the price goes up. The project does have one major pain point, and that is in the exchanges category.

Most of their listings are on rather unfavorable partners, and this will negatively affect their rating until they get some larger and more reputable exchange partners under their belt. These things take time though, and investors will likely need to be patient. Getting big exchange listings is not as easy as it once was.

If you're planning to invest in SWFTC, then you should ask yourself if their solution offers anything different than what is already available. Honestly, there are already several solutions for quick swap exchanges, and it's likely that Ripple has already cornered the market on banking remittances.

The later will, of course, be the toughest act to follow, and it's unlikely that SWFTC will be able to compete with them. While their big data and machine learning solutions are interesting, they don't seem to give much information in their whitepaper about how they will actually work and how companies will be able to utilize them.

In closing, while the branding and investor interest behind the project is positive, their use case is not very strong. On top of that, the token's supply is very large, and its buyers will most likely be waiting a very long time to see any kind of practical appreciation here.

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