U.CASH (UCASH) Analysis
Market Cap
$660,247 USD
Volume (24h)
-
Top cryptocurrency services
U.CASH investment analysis
While it seems the project's heart is in the right place, there's just no need for this service. Initially, it seems like a great idea to have a blockchain project which allows you to quickly convert crypto to cash until you realize those services already exist. Localbitcoins has been around for years, and using it you can quickly find a trading partner anywhere in the world who will happily give you cash for your bitcoin, without the need to trust another provider at all.
When using the UCASH system, you basically are trusting a third party to handle your money for you, and then "load" it to an account. This is called a bank, and you can already cash out your cryptocurrency to your bank account using Coinbase in a much safer manner.
So, where then does that leave your U.CASH investment? Nowhere, and it seems many investors have started to realize that. A quick look at their social media reveals many angry investors. Couple that with the fact that this token has a pretty flimsy use case, and you have a recipe for disaster that could very well not be worth the trouble.
This token also has an enormous supply, so good luck with getting any price appreciation here. Even if the price has taken a swift tumble since the hype has died off.
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.
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.
How to buy U.CASH?
It's possible to buy U.CASH on a decent number of exchanges. This is a good prospect for investors because it protects their asset from the dreaded delisting worry. While the trading volume is good enough here to make a trade, it's not the best, and investors should be wary of falling volume, which could signal trouble ahead for this asset. If you are interested in owning this token, then you can utilize several trading pairs to acquire it such as BTC, ETH, and USD.
As an ERC20 asset, this token will require that you have a private Ethereum wallet if you want to store your investment. It's not recommended to leave any money on an exchange, and that's doubly true for exchanges with less volume. The management behind these outfits are not always well known, and it could be a dangerous prospect to trust them with large amounts of money. Instead, keep things where you know they are protected.
Leave your comment
Comments (0)
please enter the website