SKYCOIN Profile
Cryptocurrency ratings for SKYCOIN are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
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RefreshSKYCOIN is a digital token from an online market maker for peer-to-peer digital currency indicated as Cryptocurrency. Please note that SKYCOIN has not been traded in the last 3 months and is extremely volatile. Cryptocurrencies such as SKYCOIN 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 SKYCOIN 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. SKYCOIN 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. SKYCOIN's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding SKYCOIN 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) |
SKYCOIN 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. Skycoin is a cryptocurrency written from scratch in Golang. It does not use PoW nor PoS and relies instead on Obelisk, a network consensus algorithm, which replaces both PoW and PoS with a web of trust. Skycoin is focused on core features, security, usability and simplifying Bitcoin instead of adding features as a marketing gimmick. Understanding the Skycoin Supply and Distribution [here](https://www.skycoin.com/blog/posts/understanding-the-skycoin-supply-and-distribution/). ***Although 'SKY' was the ticker assigned at the deployment of the Skycoin 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 'SKYCOIN' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified. | |
| Symbol | SKYCOIN |
| Market Performance Rating | E+ |
| Name | SKYCOIN |
| Sponsored | false |
| Is Trading | true |
| Algorithm Type | sha-256 |
| Asset Launch Date | 2015-04-01 |
| Full Name | Skycoin (SKYCOIN) |
| Asset Website Url | https://www.skycoin.com/ |
| Block Number | 190,186 |
| Platform Type | blockchain |
| Coin Name | Skycoin |
| Total Coins Mined | 100 Million |
SKYCOIN (SKYCOIN) is traded on CRYPTO Exchanges. SKYCOIN is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under '' category with a current market capitalization of 0. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SKYCOIN's market, we take the total number of its shares issued and multiply it by SKYCOIN'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.
SKYCOIN's Exchanges and Markets
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SKYCOIN Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SKYCOIN crypto coin to make a market-neutral strategy. Peer analysis of SKYCOIN could also be used in its relative valuation, which is a method of valuing SKYCOIN by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Investing Ideas
In addition to having SKYCOIN 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 World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Other Tools for SKYCOIN Crypto Coin
When running SKYCOIN's price analysis, check to measure SKYCOIN's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy SKYCOIN is operating at the current time. Most of SKYCOIN's value examination focuses on studying past and present price actions to predict the probability of SKYCOIN's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move SKYCOIN's coin price. Additionally, you may evaluate how adding SKYCOIN to your portfolios can decrease your overall portfolio volatility.
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| Global Correlations Find global opportunities by holding instruments from different markets |