COVA Token Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quarters

Quick Facts

COVA is a small cryptocurrency. Featuring a market capitalization of nearly US$ 559 thousand in early October 2020, it had captured less than 0.01 percent of the digital currency market.¹^|2 COVA is also its ticker symbol.

In January 2019, the tracking of real-time trading data for COVA began on coinmarketcap.com.

covalent.ai

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, the average trading volume of COVA during the first trimester of 2019 equated to over one m per day.

The average market capitalization during the first trimester of 2019 equated to nearly US$ 1.5 m.

Trading Price

The all-time high of COVA in 2019

COVA Price analysis generated by coindashboards.com — Price analysis for the most important moments in COVA’s trading history (COVA)

The price of the COVA currency climbed to a peak in June 2019 at US$ 0.005408. At this trading price, the token reached a market capitalization of over US$ 8.6 million. This put COVA around certain other digital currencies, such as Zipper, IHT Real Estate Protocol, Peercoin, bitCNY and Scry.info, among others.

COVAs all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 161 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 913 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 83 billion.

COVA (COVA): 0.009 bn US dollars
Bitcoin (BTC): 161 bn US dollars
Apple (AAPL): 913 bn US dollars
VW (VWAGY): 83 bn US dollars
Date: 18 June 2019

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of COVA stood at US$ 0.001024 with a market capitalization of nearly US$ 1.1 million. This is a retracement down to approximately 18.9 percent compared with the highest trading price stated above.

Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.

More Details

The COVA-Token is not a native cryptocurrency and is not created by mining. It has no maximum number of tokens, unlike HedgeTrade, for example. Those interested in the source code should also take a look at the GitHub page.

This block explorer can be used to track the current block height and other recently updated statistics around all COVA transactions.

Additional details about COVA, including the white paper and other links to source code, community forums and social media accounts can be found on covalent.ai.

Markets

COVA Market analysis generated by coindashboards.com — Markets on which COVA (COVA) can be traded

USD

One trading platform for buying or selling COVA in USD is BitMax.

BTC

The trading platforms for buying or selling COVA in BTC are Hotbit, Huobi Global and BitMax, among others.

^{1. This figure changes to 0.0004 percent when taking Bitcoin out of the equation.}

^{2. Read about our sources}