SNT, otherwise known as Status coin, might be a small coin. But, with over a thousand of different tokens available on the market, small coins may mean big opportunities. In case you have forgotten, Bitcoin used to be “small” as well – and look at it now! Bitcoin reached a price so high that people are actually losing big money every time this coin experiences a decrease or two in a row. To keep up with SNT and opportunities behind it, we are writing up everything you need to know about this digital token.
A couple of words on SNT
Before investing in any coin, always make sure you know what you are investing in – that is after all why it is always good to know what coin you are dealing with. The main idea behind SNT is establishing easy communication between two parties. SNT is actually a part of Ethereum network and it serves its purpose for allowing all members of Ethereum that are using this token and its application to easily communicate. Within SNT all members have full access to chat options, messaging, making transactions and easily communicating.
So, instead of choosing to go for WhatsApp or another similar app, you can fully rely on using SNT for chatting or messaging with the Ethereum platform.
As you already know, Ethereum is one of the leading platforms with different tokens supported within this decentralized ecosystem. Having SNT existing within this platform and being used on Ethereum probably adds to the value of this coin.
What makes Status stand out from classic messaging apps such as WhatsApp, is its encryption and safety. Since SNT is fully encrypted, existing on top of Ethereum’s blockchains, this token is everything you need for establishing privacy within your favorite decentralized platform.
As a great addition, SNT has peer-to-peer protocol and it is also planned to enable working with smart contracts within this token and its neat interface. The interface is made to be user-friendly, so you are able to access and browse information on all your transactions as well as having the option to chat and send messages to the chosen parties.
SNT: Sell or Buy?
Definitely, buy! Status is one of those small coins that still have the potential of becoming one of the few coins that could be worth a lot. This is especially the case if you add the fact that this token exists within Ethereum. That fact definitely adds up to its value.
With all announced features SNT developers are planning on incorporating, this token could potentially hit the price of 1$ by summer 2018. In case the changes are applied soon, with having all those changes functioning properly, this jump in price might occur even sooner.
The thing that makes a coin desirable might probably be its features as a primary source of interest. If you know that a coin could allow you to make fats transactions while at the same time being able to access easy and real-time communication, your attention is probably bought!
The second thing that might buy your affection and make you buy a coin is its functionality – if a coin is working properly, with no loops or bugs hidden somewhere in its blockchain base, then that coin might be worthy of attention.
SNT most definitely has a promising background that makes us conclude that now is the perfect time for investing in Status.
Another thing that makes this coin a great investment is its price – the price is still low, going under 0.2$, so you can easily buy lots of these at a fair price and hope that then predictions for SNT will turn out to be true.
What Could Happen to SNT?
As it is now, SNT is doing pretty well. Yesterday, on February 5th, this token traded on all major exchanges at the price of 0.21$. After having a selloff, this token is now worth 0.18$ after having a decrease of -13% against the dollar.
As far as the price against ETH and BTC concerned, SNT has experienced increases against these two currencies, having been increased for nearly 2% and 6.8% against ETH and BTC.
The decrease probably represents the result of having SNT being widely sold, but still, this coin is doing pretty well with only a single decrease in the past couple of days.
If anything, the latest price makes this coin even easier to purchase within bulk investments.
Also, you need to remember that the market demand also dictates the price of a coin, so the more people are buying a certain coin, the greater its value is. If you take into consideration that this coin is a part of a greater more stable network, Ethereum, adding all plans the developers have for SNT, this coin might soon become one of the most promising coins currently circulating the crypto market.
To conclude the story about Status Network, SNT, if you are planning on investing in this crypto token, it’s better to do it now than late.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of coinmarketcap.com
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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