First of all, do you know what Altcoin is?
In simple terms, Altcoin is an alternative to Bitcoin. It includes a lot of cryptocurrencies. It is a token that we often talk about. Bitcoin is the first currency for cryptocurrency, and its success naturally attracts many competitors. From 2011 to now, there have been at least hundreds of Altcoins.
In today’s unpredictable currency market, how do you tell which are the air coins and which are the value coins? Today, I will bring everyone my own personal analysis of Altcoin.
XCPO
Copico hopes to further narrow the relationship between cryptocurrencies and the real world. They will launch a new online market to help users purchase and exchange goods through copico tokens. Copico is based on the pos mechanism and focuses on protecting trader privacy and lightning speed.
analysis:
1.XCPO rose in the past 24 hours to 354%, a large increase, but the exchange rate is very low, only 0.53%, 24-hour turnover is only 6048 yuan, indicating a low degree of currency activity; In addition, the circulation rate is 15.72 %, indicating that the control panel is serious;
2. In the past three days, since Monday, the currency has fallen continuously, with a fall of more than 50% in two days, and there have even been signs of falling limit on May 16. In addition, the daily turnover rate in the past four days has been relatively low. Inactive.
SGR
Sugar Exchange is a new cryptocurrency trading platform designed to provide a tailored interface for all experience level traders. For emerging investors, our exchanges bring the simplicity of a complex ecosystem, allowing users to confidently participate in the booming digital currency market.
analysis:
1.From May 5th to May 10th, Sugar Exchange's market value has risen from 599.302 US dollars to 648.979 US dollars, which is already the highest point of the current value of the Sugar Exchange this month. However, it did not last long, and its price suddenly fell steadily, reaching $518.664 on May 14. On the 15th, it rose again to 523.687 USD.
2. Analyzed by the price chart of Sugar Exchange, it is very likely that it will rise recently and it is entirely possible to reach the top of its market value this month.
3. Will the Sugar Exchang become a new generation of stable currency? It is still too early to draw conclusions. Still wait to observe it.