Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Why buy IOTX, SXP, and CVT altcoins in August 2021?

By: Invezz
CBDCs and cryptos will co-exist

On August 10, throughout the span of 24 hours, the biggest gainers ended up being IoTeX IOTX/USD, Swipe SXP/USD, and CyberVein CVT/USD.

IoTeX is a platform focused on decentralizing the internet of things while attempting to be the bridge between FIAT and cryptocurrencies with its API designed to create global payment cards. CyberVein is a solution based on the PISR (private, interlink, secure, robust) secured database and runs on a Proof-of-Contribution (PoC) consensus mechanism.

Should you invest in these altcoins? Let’s find out.

Should you buy IoTeX (IOTX)?

On August 10, IoTeX (IOTX) was worth $0.0312.

As a point of comparison, its all-time high was $0.0828 and it occurred on March 13, 2020. This made its value 165% higher at its all-time high level.

To get a perspective of its more recent performance, we’ll be analyzing July.

On July 3, the token raised its value to $0.0219. Its lowest point of the month was on July 20 with a value of $0.0162. This led to a decrease in value of 26% throughout that month. However, its value on August 10 is still 42% higher than its highest point in July. With its recent increase in trading volume by 330%, its value has the potential of increasing to $0.04056 by the end of August.

Should you buy Swipe (SXP)?

On August 10, Swipe (SXP) was worth $3.

It achieved its all-time high on May 3 with a value of $5.79. This made it 93% higher in value.

Analyzing July should give a heightened perspective on its more recent performance.

On July 7, it got to one of its highest points of $2.16. On July 21, it fell to $1.38, bringing it down to its lowest price point of the month. That is a 36% difference. On August 10, it is still 39% more valuable than its highest point on July 7.

With its recent 83% increase in market cap, we can expect its value to grow to $4.05 by the end of August.

Should you buy CyberVein (SVT)?

On August 10, CyberVein (SVT) was worth $0.0133.

Discussing its all-time high, it was gained on April 9, with a value of $0.3702. This is a 2683% difference in value.

However, to get a clear picture of its more recent price developments, we’ll be looking at July.

On July 8, it raised its value to $0.0147. Later on, it fell to $0.0054 on July 22. That is a 63% difference.

That being said, with its increase in market cap by 53%, we can expect its value to grow to $0.0203 by the end of August.

The post Why buy IOTX, SXP, and CVT altcoins in August 2021? appeared first on Invezz.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanRafael.com & California Media Partners, LLC. All rights reserved.