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Status (SNT): A “Small” Coin Talk
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