(Last Updated On: February 15, 2019)

Description

Keywords and tags that could be used to describe Cryptoforecast: future, btc, composed, decisions, doesn’t, extremely, forecast, fundamental, matter, movement, movements, nalthough, precise, predict, trader, xrp.

Price Action

First, it should be noted Cryptoforecast is a small coin that doesn’t move much. In fact, on most days it doesn’t move at all — so this coin won’t be of interest to active traders. Price has cooled over the past 20 days, but on a 50 day basis, the trend is still up. From that perspective, this could be an opportunity to buy the dip. Cryptoforecast has a market capitalization of approximately 147.4 thousand US dollars. That’s small relative to the Ethereum tokens SixJupiter tracks. In terms of volatility, it’s relatively especially low volatility, so this might be a good fit to reduce your overall risk on a day to day basis. However, you may wish to confirm that this is liquid enough for you to get in and out of positions when you need to.

Engagement

Cryptoforecast currently has approximately 1048 wallets, with the average weekly growth rate in number of wallets being 53.09% for each week over the past 4 weeks. As for transactions, the weekly growth rate there has been about 88.31%. Notably, both the transaction growth rate and the wallet growth rate for Cryptoforecast are above average. For those who believe tokens that get engagement are worth investing in, this could be an opportunity worth digging into.

Dilution Risk

The current available supply for Cryptoforecast is 23.92 million, while the total supply is 25 million. This means 95.68% of Cryptoforecast’s total supply, as currently defined, has been made public. To help put that in perspective, about 92.69% of tokens in the SixJupiter Index with a similar market capitalization have a larger percentage of their total currency unavailable. Cryptoforecast’s total supply has been declining over the past four weeks, while its available supply has been increasing during this time. This trend, if it continues, suggest a monetary policy that favors existing token holders and keeps inflation risk reduced.

Twitter Insights

Cryptoforecast has 2775 followers on Twitter. About 0.23% of its followers are verified, and about 2.97% are estimated to be investors. This token’s Twitter follower count is roughly average for its market capitalization, but the percent of its followers that are verified and the percent that are estimated to be investors are both well above average. This suggests a following that might be more authentic and influential than one would expect.

Where to Buy

None of the exchanges we monitor offer this token for trading at this time. We’ll up date this post accordingly when we add exchanges that do.