Buying Opportunities - Syscoin - Decentralised Marketplace [#6 of the Series]
Hi Stemians, today I want to show you my research on Syscoin Marketplace. Hope it is useful for you and the steemit community. This one is #6 on the series. At the end of this post I will mention the other #5 buying opportunities.
Syscoin is the decentralized marketplace. It is a real company already operating. You can Buy, Sell and even resell others items. It now ranks number 56 in marketcap of all crytos.
@g-dubs believes Syscoin is Worthy to be on Your Cyrpto Funds. https://steemit.com/syscoin/@g-dubs/why-syscoin-is-worthy-of-your-cyrpto-funds
@rouketas mentions in his post more of what is Syscoins decentralised market: "It allows buyers to browse with anonymity and sellers do do the same. Without hosting and monitoring from a central authority." You can read more of it here. https://steemit.com/cryptocurrency/@rouketas/the-new-decentralised-market-place-you-have-never-heard-of-blockmarket-on-the-syscoin-network
@stillsafe says one of the aspects made him trust in Syscoin is that is has also been chosen by Microsoft for its BaaS service, Azure so as they are now partners this was another positive for me to invest! See more on this in his post: https://steemit.com/crypto-news/@stillsafe/why-i-am-investing-in-syscoin-partners-with-microsoft-baas-service-azure-the-most-under-valued-cryptocurrency
According to @cryptographic analysis, if Syscoin delivers the same value as Bitcoin, it should be worth around $137. See his recent post here: https://steemit.com/syscoin/@cryptographic/what-s-syscoin-really-worth
You may like to take a look at what @stillsafe mentioned about syscoin market share compared to ebay. https://steemit.com/steemit/@stillsafe/when-syscoin-takes-only-5-of-the-ebay-market-syscoin-will-usd2
Current market cap of $106,614,976. Around September 12 it reached $178 million in market cap, about 34 cents. This means it has potential for growth.
Syscoin is now only $0.20 cents, if we buy 100 USD its worth around 500 syscoin, and 1,000 USD are around 5,000 syscoin.
Circulating supply of 528,692,024 SYS, and Max supply of 888,000,000. It means around 70% of the coin is circulating already. Not so much inflation will happen if the rest of the tokens are injected with a good strategy.
What are your thoughts? Is this a good one to invest in?
As always DYOR, this are only facts. And only invest what you are willing to loose.
Regards,
@gold84
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The other 5 buying opportunities in the series:
1- Golos: https://steemit.com/steemit/@gold84/buying-opportunities-golos-the-russian-steem-1-of-the-series
4- Metaverse ETP: https://steemit.com/steemit/@gold84/buying-opportunities-metaverse-etp-the-new-neo-of-asia-4-of-the-series
5- Kyber Network: https://steemit.com/steemit/@gold84/buying-opportunities-kyber-networ-decentralised-cryptocurrency-exchange-for-instant-trading-5-of-the-series
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Like you said @gold84, Syscoin is a real company and I think one worth owning. Which I do.
You hit on a very important point. Many of these coins are not worth investing because they aren't "real businesses" - People must be aware and your research helps.
thanks and keep it up. :)
@bigsilver agreed! Real companies can also fail, but they are proving themselves functional on its use in real life. Glad this was helpful to you. @gold84
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