Skycoin (SKY) Price

  • Skycoin(SKY)
    $1.0846
    -0.1371(-11.227%)
    12:17:59(GMT)|Real-Time Data, Currency in USD
    • Open
      $1.2218
      Day's Range
      $1.0532- $1.1737
    • Market Cap
      $11.92 M
      Volume
      $577.33 K
    • Current Supply
      11.00 MSKY
      Max Supply
      100.00 MSKY

SkycoinOverview

  • Proof TypeN/A
  • AlgorithmN/A
  • Market Cap$11.92 M
  • Volume$477.57 K
  • Current Supply11.00 MSKY
  • Max Supply100.00 MSKY
  • Open$1.2218
  • Day's Range$1.0532- $1.1737

SkycoinPrice

Skycoin is a cryptocurrency and blockchain developed to decentralize the internet at the hardware level, not only providing decentralized bandwidth, but also storage and computing power.

In order to deliver a truly decentralized network, the team created a completely new consensus algorithm called Obelisk, which prevents the development of centralized power. With Obelisk, Skycoin does not require mining, immunizing it from a 51% attack.

Key characteristics of the Skycoin platform include:

Obelisk: This consensus is based on a web of trust consensus algorithm that addresses the issues faced with PoW and PoS consensus algorithms.

Fiber: Supports the development of DApps, with each project given its own blockchain, wallet, and coin to deliver scalability, by removing congestion on the Skycoin main blockchain.

Skywire: Consists of Skyminer nodes that are interconnected via wireless, satellite, fiber optics or ISP links.

Skyminer: Hardware nodes that make up the Skycoin platform rewarded with Coin Hours for providing key services to users on the network and not for mining as is the case with proof-of-work consensus.

CX/CXO: The Skycoin ecosystem includes its own programming language and an immutable object system. These support the basis for application logit and data distribution across the network. CX can be used to create DApps, video games, and program FPGA chips as well as smart contracts.

Coin Hours: Accrued by holding Skycoin, Coin Hours is the payment mechanism for services on the Skycoin platform. Coin Hours are paid to Skycoin holders for each and every hour that Skycoins are held. They are also earned by Skyminers who deliver Skycoin services to the network. There is no cap on the number of Coin Hours.

Skycoin was founded by Synth, Houwu Chen and Steve Leonard and released in May 2018, with the total number of Skycoin capped at 100,000,000 coins, 25% of which were unlocked for distribution, with 75% time locked, with 5,000,000 coins unlocked on an annual basis.

Some distinct differences and characteristics of the Skycoin Platform include:

  • Transactions speeds take as little as 2 seconds.
  • There is no mining of Skycoins, with the network protected from a 51% attack with the use of Obelisk consensus algorithm, otherwise known as web-of-trust.
  • The total number of Skycoins are capped at $100,000,000, with Coin Hours being earned by Skycoin holders and supporters of the network.

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SkycoinTechnical Analysis

Summary

SELL
  • Moving Averages
    SELL(14)
  • Indicators
    BUY(5)

Moving Averages

SIMPLEEXP.WEIGHTED
MA (5)1.07391.07851.0753
MA (10)1.08601.09151.0798
MA (20)1.13341.12251.1036
MA (50)1.18841.18791.1617
MA (100)1.28451.24921.2297
MA (200)1.33121.33121.2931
SELL1440

Trend Indicators

MACD (12,26,9)-0.0404
ADX (14)54.6813
RSI (14)32.2219
Williams %R (14)-81.25
Stochastic RSI (14)86.2392
ROC (10)-0.9174
CCI (14)-53.6232
Ultimate oscillator (7,14,28)50.1612
Stochastic Fast (14)18.75
ATR (14)0.0245
BBands (20)0.2427
BUY155

Pivot Points

names3s2s1pivotr1r2r3
classic1.05001.06001.07001.08001.09001.10001.1100
fibonacci1.06001.06761.07231.08001.08761.09231.1000
camarilla1.05501.05661.05831.08001.10161.10331.1033
woodieN/A0.79000.53000.81000.55000.8300N/A
demarkN/AN/A1.07001.08001.0900N/AN/A
names3s2s1pivotr1r2r3
classic
fibonacci
camarilla
woodie
demark

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