Skycoin executes decentralized and free payments possible within seconds, allowing decentralized global payment at speeds that could rival any stabilized payments network or an e-wallet. Sky coin has built one of the first fully scalable, protocol for the nextgen of decentralized apps, payments, and services. Skycoin holders get a second currency called Coin Hours to guarantee stability within the ecosystem. Even the start of 2019 has been worthy for SKY as the Skycoin project got kicked off with its robust fundamental development and increased in the community as per the Skycoin news. A new testnet whitelisting system has been established so that the onboarding of the official Skyminers and DIY can be streamlined. Furthermore, Skycoin is a third generation blockchain platform, which fixes the security difficulties of other networks and then decouples coin production from the mining process.
What is Skycoin?
Skycoin was established in 2011 by some early bitcoin and Ethereum developers to addresses the disadvantages of Proof-of-Work (PoW) and Proof-of-Stake (PoS) agreement by beginning a Web-of-Trust consensus protocol called Obelisk. It is based on an innovative next-generation blockchain technology and supported by a real asset in the form of bandwidth, which promotes its practical usage. The Skycoin blockchain does not employ mining, so user power cannot be stored in a few large mining pools as it is with Bitcoin today.
Market Prediction For Skycoin
Skycoin is recognized as one of the coins with the most significant potential to grow; hence the market followers can’t stop speculating about its future. Let us check some of the Skycoin forecasts:
#1 Trading Beasts
Trading Beasts is a crypto prediction site which has given projections based on the positive scenario and the adverse scenario. Trading Beasts consider that by 2019 end, Skycoin may reach $7.65 to the maximum, and $5.20 at the lowest.
#2 Crypto Ground
Crypto Ground thinks that Skycoin might soar high and touch $8.2546 in a year and in 5 years SKY might soar high up to reach $48.93 which might lead SKY to sky-reaching mountains.
#3 Coin Fan
Coin Fan dispensed a little bit of bullish enthusiasm, where they have projected that Skycoin may reach $43.35 by the close of 2019 and if there are more variations, it might slow down to $32.04.
#4 Wallet Investor
Not so surprisingly though, Wallet Investor gave a pessimistic bearish foresight for Skycoin, where they anticipated that Skycoin might go down to $0.153 by 2019 end, which might be a very unfavorable scenario.
Skycoin Price Analysis
Skycoin has intentions of adopting the CoinJoin protocol, which may enable mixing various transactions from multiple wallets so that it can provide full anonymity and privacy to every purchase. Skycoin employs the transmission protocol based on Multiprotocol label switch which enables the users to transfer data in a scalable manner. Skycoin would continue concentrating on the projects based on finished hardware and software products which makes it unique to other cryptos. By the conclusion of 2019, Skycoin might reach $6.82, based on future developments.
Skycoin Price Prediction 2020
John McAfee, a crypto fan and a crypto advocate, declared that he has plans of utilizing SKY in his 2020 campaign for the presidency in the US. Skycoin’s BBS, a social media application may be used in his electoral battle in 2020. Skycoin BBS aims of becoming a viable option to the big social media giants. It would operate on Skycoin’s “flagship application,” Skywire, the internet platform. This functions as a mesh network involving thousands of nodes, around 9,000, all over the world that can receive and forward internet traffic. By 2020, SKY sights high and might touch $17.07.
Skycoin Future Price Prediction In 5 Years
Skycoin price forecast implies that the SKY value is up for a long-term 2834.786124% in the SKY return value with a 5-year investment. This indicates that in 2023, the SKY price is projected to stand at $30.69.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.