Let’s talk about Status (SNT) – the unique altcoin that’s blasting up the most-valuable cryptocurrency chart on this fine Wednesday. It’s essentially the token of a messaging and browsing platform that can navigate among different Ethereum applications. But let’s get to the tech stuff in a minute.
At 56 cents per SNT coin, this digital Ethereum-based token is worth about $2.0 billion in total. That makes it the 27th most valuable cryptocurrency.
Status is trading 261% higher than it was a week ago. Looking back a full 30 days, this coin has gained an impressive 633%.
This cryptocurrency is clearly making investors turn a profit. But what is it all about – is it a worthy investments?
What’s the deal with the technology behind Status (SNT)?
This blockchain protocol is actually pretty interesting. Based in Singapore, the Status platform is basically two things. It is an open source messaging platform. It is also a mobile Ethereum operating system (Mobile Ether-OS). That just means that it engages with other decentralized apps (dApps) that are running on the Ethereum Network.
The system’s native token is the Status Coin (SNT). The entire blockchain is a combined product: a wallet, a messenger, and the dApps browsing tool.
The main goal of this decentralized project is all about accessibility. It is trying to allow the public, including average Joes and Janes, to be able to use cryptocurrency and dApps on their own smartphones.
Everyone’s data is their own. Users have total control – another way that Status is true to the whole concept of blockchain technology.
As a project that can actually make people’s lives easier, this crypto-coin has a ton of potential. It is, after all, the most useful coins that keep the strongest upwards price trajectories.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.