OPENP Crypto
| OPENP Crypto | USD 0.01 0 7.52% |
Performance10 of 100
| Risk Of DevaluationLess than 10
|
OPENP is trading at 0.0123 as of the 28th of November 2024, a 7.52% down since the beginning of the trading day. OPENP has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Cryptocurrency ratings for OPENP are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
OPENP is peer-to-peer digital currency powered by the Blockchain technology. More on OPENP
Moving together with OPENP Crypto Coin
OPENP is a digital token from an internet exchange entity for p2p online currency indicated as Cryptocurrency. OPENP has been active in the last 3 months, and it is now trading with a bearish sentiment. Cryptocurrencies such as OPENP are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as OPENP are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
OPENP Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. OPENP's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding OPENP or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
| Business Concentration | Technology, Cryptocurrency, Blockchain (View all Sectors) |
OPENP is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on few exchanges in multiple currencies. ## What is Open Platform (OPENP)? Open Platform (OPEN) is a blockchain-based protocol designed to facilitate the integration of decentralised payment solutions for applications. It provides tools and infrastructure that enable developers to incorporate blockchain technology into their applications, enhancing payment processing and transaction management. The OPEN ecosystem includes features such as the OPEN Chain, Scaffolds, and a developer-centric API that aim to simplify the integration of cryptocurrency payments. ## What is Open Platform (OPENP) used for? Open Platform is primarily used to enable applications to accept cryptocurrency payments seamlessly. By leveraging the OPEN Chain and its associated technologies, developers can create decentralised applications (dApps) with built-in payment processing capabilities. The platform's Scaffolds are smart contracts that manage various payment-related functions, such as token management and payment routing. The OPEN API allows for easy integration with existing applications, providing a bridge between traditional financial systems and blockchain technology. This enables faster and more secure transactions, reducing the complexity and cost associated with traditional payment processors. ***Although 'OPEN' was the ticker assigned at the deployment of the Open Platform Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'OPENP' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified. | |
| Other Smart Contract Address | View |
| Symbol | OPENP |
| Rating | D- |
| Technology Adoption Rating | E+ |
| Name | OPENP |
| Sponsored | false |
| Built On | ETH |
| Is Trading | true |
| Asset Launch Date | 2018-05-03 |
| Full Name | Open Platform (OPENP) |
| Asset Website Url | https://www.openfuture.io/ |
| Platform Type | token |
| Coin Name | Open Platform |
| Total Coins Mined | 1.75 Billion |
| Smart Contract Address | View |
OPENP (OPENP) is traded on CRYPTO Exchanges. OPENP is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 286.58 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate OPENP's market, we take the total number of its shares issued and multiply it by OPENP's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
OPENP's Exchanges and Markets
OPENP Risk Profiles
| Mean Deviation | 11.15 | |||
| Semi Deviation | 9.17 | |||
| Standard Deviation | 23.09 | |||
| Variance | 533.3 |
OPENP Technical Analysis
When it comes to investing in cryptocurrency, such as OPENP, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of OPENP, which is currently traded at 0.0123, shows everything you need to know about OPENP market value. You don't have to consider the fundamental factors that affect a crypto asset, such as OPENP, to determine its price movements. However, the OPENP's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so OPENP's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project OPENP's future price trendTransformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. OPENP Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe OPENP price patterns.
OPENP Against Markets
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in OPENP without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.Did you try this?
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Money ManagersScreen money managers from public funds and ETFs managed around the world |
| All Next | Launch Module |
How to invest in OPENP
You need to understand the risk of getting into digital currencies such as OPENP before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in OPENP in four ways:Buy OPENP through an exchange
Get yourself a crypto wallet before embarking on your OPENP journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase OPENP. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.Purchase fractions of OPENP through an exchange
You don't have to buy a full token when starting out since OPENP is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.Trade OPENP through a broker
If you don't want to store your OPENP Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.Invest in OPENP through an exchange-traded fund (ETF)
You can also invest in OPENP through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.Investing Ideas
In addition to having OPENP in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
Explore Investment Opportunities
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OPENP. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.