Skycoin makes decentralized and free payments possible within seconds, enabling decentralized global remittance at speeds that could rival any established payments network or an e-wallet. Sky coin has created one of the first fully scalable, protocol for the nextgen of decentralized apps, payments, and services. Skycoin holders receive a second currency called Coin Hours to ensure stability within the ecosystem.
What Is Skycoin (SKY)?Skycoin was founded in 2011 by some early bitcoin and Ethereum developers to addresses the drawbacks of Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus by introducing a Web-of-Trust consensus protocol called Obelisk. It is based on an innovative next-generation blockchain technology and backed by a real asset in the form of bandwidth, which facilitates its practical usage. The Skycoin blockchain does not use mining, so user power cannot be concentrated in a few large mining pools as it is with Bitcoin today.
Market Prediction For Skycoin By ExpertsSkycoin is considered as one of the coins with the highest potential to grow, hence the market enthusiasts can’t stop speculating about its future. Let us check some of the predictions:
#1 Trading BeastsTrading Beasts is a cryptocurrency prediction site which has given predictions based on the positive scenario and the negative scenario. Trading Beasts believe that by 2019 end, Skycoin might reach $7.65 to the maximum, and $5.20 at the lowest.
#2 Crypto GroundCrypto Ground believes that Skycoin might soar high and reach $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 heights.
#3 Coin FanCoin Fan showed a little bit of bullish optimism, where they have projected that Skycoin might reach $43.35 by the end of 2019 and if there are more fluctuations, it might slow down to $32.04.
#4 Wallet Investor
Not so unexpectedly though, Wallet Investor gave a pessimistic bearish prediction for Skycoin, where they forecasted that Skycoin might go down to $0.153 by 2019 end, which might be a very unfavorable scenario.
Read here to know in detail:
https://coinswitch.co/news/skycoin-price-prediction-2019-skycoin-price-may-touch-6-82-usd-in-2019