WhiteCoin (XWC)
Market Cap
$1,262,367 USD
Volume (24h)
$22,844 USD
WhiteCoin investment analysis
This privacy-focused cryptocurrency was created in 2014, and it has sustained a surprisingly large following over the years. While there's nothing groundbreaking on the horizon here, the coin does have an updated roadmap and a development team who have been ticking off their goals on a regular schedule. Most of these updates focus on improvements for the users like new wallets, but they have also recently gone through a fork.
This fork has actually increased the blockchain reward from 2 to 5 coins, which is unusual. Usually, a cryptocurrency like this one would reduce the block reward to increase the scarcity of the coin. However, sometimes a path like this may be taken if a good number of the coins have been lost previously.
Thanks to this fork, however, a WhiteCoin investment could earn you a significant number of new coins per month if you're interested in learning how proof of stake works. This alternate form of mining does not require massive amounts of electricity or specialty hardware, and you could even do it with a laptop.
Unfortunately, a block size increase could also have negative effects, and it may actually lower the price per coin if there are suddenly twice as many in circulation. Investors should be wary of this if they plan to put money here, and it might be a good idea to wait and see what happens first.
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 WhiteCoin?
It's possible to buy WhiteCoin on a large number of exchanges, and that means it's not hard to find an exchange platform who has regulations which you can agree with. The trading volume for this asset is excellent, and the team has acquired many high-value exchange partners. Bitcoin is the highest value trading pair here, but you'll also be able to utilize ETH or USDT if you would prefer to use either of those options instead.
This is a Proof of Stake coin, and if you're interested in making an investment, then you'll want to download the desktop client website from the project's official website in order to earn your rewards. They have created client wallets for most operating systems, which includes Windows, Mac, and Linux. Once you've downloaded and installed the correct file, take a moment to create a strong password and a backup for safe keeping. Do this now so you don't forget and regret it later on if you need to restore your wallet and find out you're without the means to do so!
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