FOMO Coin of the Day : Status

in #cryptocurrency5 years ago

What Coins are in the Fear Of Missing Out Pump?


FOMO Coin of the Day is where I look at coins in or near the Top 100 in market capitalization that have show an interesting amount of increase in price. This increase can be due to many things, including manipulative pumps. I will give my opinion on the coin, but do your own research if you plan on investing in any cryptocurrency.

Well, it looks like the cryptomarket has decided to pull back a bit today. I don't think that was the move expected by most people, since it was holding steady for days. Almost everything is taking a 5-15% hit right now. I'm not sure why this is happening, but things haven't been easy to predict lately. At least there is one shining coin out there working on a 10% gain, which is Status (SNT).


status-icon.png

Status has actually been on an upward trend for the past month. Not that the complete chart would give any hint at that, but 7 day chart shows the gradual, yet bumpy move upwards. If you invested at the end of November, you might be close to doubling that investment today.

All Chart


status-chart.png

7 Day Chart


status-chart7.png

Status (SNT)

Chat, browse and transact securely in an open source community committed to bringing the power of Ethereum and a more distributed internet to your pocket.

Status is based off of the Ethereum platform. It has a mobile and a desktop app. The desktop app is in Alpha stage right now, which is available on iOS, Windows and Linux. They have plans on pairing the mobile app with the desktop app, so that you can easily keep synchronized with your communications. Since the communications are peer-to-peer and skip the server, they are more secure, but this probably makes it more difficult to synchronize between clients.

Status also has several other projects, including a wallet, dApp development studio, startup incubator, a development framework and a project looking at the next Ethereum network.

Beyond the latest updates to the project, I don't see why it is bucking the trend of the market today. I guess that would be a good sign for the future of Status.



May the FOMO Forever Be in Your Favor


DeanLogicForkSing-verified.png
Steem Badges

Let the positive energy sing!

More Power to the Minnows!!


DestroyAllBots.png
Trading on Bittrex and Binance
Claim Your Stake with a Stake Box
HODLin’
Stellar Lumen(XLM) -- Cardano (ADA) -- Digibyte(DGB)
Get your old school text-based gaming on.

Play Your Cards and Battle

Coin Marketplace

STEEM 0.36
TRX 0.12
JST 0.040
BTC 70446.49
ETH 3571.68
USDT 1.00
SBD 4.73