Today's Crypto of the day is #Skycoin (#SKY)
(Special report by Alex_M for Crypto of the day channel https://t.me/AlexMsCryptooftheday)
First time I saw #Skycoin more than one yaer ago and I really liked it. Independent technology, interesting idea and promising plans - all these features was looking good for that time. #Sky was cheap and I planned to buy it next time, then next time again and again. And as a result Binance listing has come and I messed that greatest opportunity. But now, now it's a good time to think about buying it again for the next bull run. Let's look what they have.
Idea : Cannot be described in two words, they are creating very long list of inventions including not only cryptocurrency but an encrypted file storage, messenger, democratic decentrilized internet and many more. Just wath on their site and you'll be excited about their plan's volume!
Tech : own blockchain based on own consensus mechanism (Obelisk) and whole network has a name of Fiber - very own network, which code consists only of 5000 lines of code comparing to Bitcoin's 100,000+ lines.
Skycoin has it's own miners - Skyminers; own OTC exchange - Skycoin Exchange; Skywire, Skyledger, own Hardware Wallets coming soon and many more. It is really something incredible in it's basement!
Tokenomics : With a Circulating supply of 10mln SKY, $3.06 coin price and $ 30.5 mln #Skycoin is now Ranked 163 place on Coinmarketcap. It is very far from ATH which was equal to $40 in January when listed on Binance.
Marketing and development : Team working hard and stands on their Road Map. Important thing that Sky team is always in their TG group and ready to talk. Important moment ( and yes, it pushed me to write about #SKY today ) is John McAfee's support and (!) his new tattoo with #Skycoin logo!
https://twitter.com/officialmcafee/status/1060244879295549440
- officialmcafee
I don't really know if it's his decision or he was paid to do that but anyway it is a huge marketing move. So I expect further growth of community's attention to #Skycoin.
Risks : As always there are three main risks in crytpo investing - regulatory bans, delisting from exchanges and team's problems. But there are nothing of them at the moment. Price... Well, of course price can fall down, but I don't think it will after all these monthes..
Expectations : Well, I'm not a pro trader, but I expect #sky at it's previus ATH and maybe higher on the distanse of 1-2 years. That means approximately $40 - $100 (х10 - х30 from todays price). Yes it's optimistic, but thats my vision.
Conclusion: To buy or not to buy that is the question. I'm not an advisor so DYOR but I'll definetly try to find enter point to buy some #SKY because I don't wanna miss this opportunity twice. Besides they made some big steps forfard from the last time I watched 'em. And once again, make your own Due Dilligence, and spend some time researching all the opportunities they are providing and working on.
See ya!
Links
Website: https://www.skycoin.net
Chat: https://t.me/Skycoin
Twitter: https://twitter.com/Skycoinproject
#SKY on CMC: https://coinmarketcap.com/currencies/skycoin