Skycoin Price for today is $0.5596589201. Its current circulating supply is SKY 25,000,000 with a market cap of $8,954,543.
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Currently, Skycoin (SKY) is trading at $0.5597 with SKY price 7.7% up today. The market cap of Skycoin is USD 8,954,543 with 16,000,000 sky circulating currently. The 24-hour price movement chart indicates that $319,357 worth of SKY were trading. The price peaked to $1.0141 in the last 24 hours while the lowest price was $0.9808.
Skycoin price prediction suggests that the SKY price is up for a long-term 5383.697105% in the SKY price value with a 5-year investment. This means that in 2023, the SKY price is forecasted to stand at $30.69.
Skycoin makes free and decentralized payments possible within seconds, allowing decentralized global remittance at speeds which could rival any established payments network or an e-wallet. Sky coin is creating the first fully scalable, protocol for the nextgen of decentralized apps, services, and payments. Skycoin holders receive a 2nd currency called Coin Hours to ensure stability within the ecosystem. SKY also has fully functioning software and hardware outside of its existing core components. SKY wallets transact seamlessly. The first generation hardware has already been built, with further generations of the various components already in production.
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The Skycoin Project is actually one of the oldest cryptocurrency projects in development, and SKY is its first creation. As more coins reach the public, the distribution rate will slow down. This puts Skycoin in the hands of users and community members instead of miners and speculators.CoinSwitch is an exchange for cryptocurrencies which aggregates over 300 different kinds of cryptocurrencies and alt-coins, including cryptocurrencies like Bitcoin, Ethereum, Neo, Skycoin and Monero.
You can buy SKY from CoinSwitch, the largest cryptocurrency exchange enables the buying, selling and trade Skycoin as well as facilitating SKY exchange in the most seamless manner. CoinSwitch has a simple Skycoin converter which can be used to see the price of SKY as compared to fiat currencies, like USD, EUR, GBP, etc. or other cryptocurrencies like BTC, NEO, Tether, etc.
CoinSwitch makes it easy to trade Skycoin with transactions between the sender and the receiver made simple using the user-friendly UI which deposits the ether into the benefactor’s SKY coin wallet with a public address and a unique private key, which is never asked by CoinSwitch to be revealed.
The Skycoin Project is actually one of the oldest crypto projects in development, where Skycoin is its first creation. It is built as an infrastructure project rooted in the founding concept of decentralization, that runs on a completely separate consensus algorithm, “Obelisk” or a “web-of-trust.” With Obelisk, Skycoin is not at all susceptible to the weaknesses of PoW and Proof-of-Stake. Skycoin transactions cost Coin Hours, which is a separate currency paid to Skycoin holders for each hour they hold a coin.Skycoin’s transaction structure was designed to adopt the CoinJoin protocol seamlessly. Once integrated, SKY mixes transactions from multiple wallets to ensure that they are indistinguishable from one another. It is built from the ground up in Golang, wherein Skycoin makes entire usage of time-tested cryptographic standards to ensure transactions cannot be tampered with.
If you are new to crypto trading, it's always advisable to learn about, what is Skycoin, it's benefits and indicative return on investment.