Skycoin
Last modified on 11. October 2020
Quick Facts
Skycoin was introduced by the user skycoin at bitcointalk.org on 22 December 2013. coinmarketcap.com subsequently launched the collection of real-time trading data in May 2017.
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, Skycoin had an average trading volume of over US$ 1.1 m per day for the first trimester of 2019. Over the same time frame in the previous year, this figure came to nearly US$ 706 k. The corresponding increase in trading volume equated to 59.8 percent.
For the first trimester of 2019, the average market capitalization equated to nearly US$ 13.5 m. In the same time frame of 2018, this figure came to over US$ 158 m. The corresponding drop down in market capitalization equated to 91.5 percent.
Trading Price
In the first trimester of 2019, the average trading price was just under US$ 1.08. This figure came to over US$ 24.0 during the same time frame of 2018. The corresponding price drop down equated to 95.5 percent.
The all-time high of Skycoin in 2017
The Skycoin currency reached a peak in December 2017 at over US$ 53.8. The equivalent market capitalization of the coin reached nearly US$ 308 million. This put Skycoin in the ballpark of certain other digital currencies, such as Syscoin, Electroneum, TenX, Factom and MaidSafeCoin, among others.
Skycoins 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$ 217 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 874 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 101 billion.
- Skycoin (SKY): 0.308 bn US dollars
- Bitcoin (BTC): 217 bn US dollars
- Apple (AAPL): 874 bn US dollars
- VW (VWAGY): 101 bn US dollars
- Date: 30 December 2017
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of Skycoin stood at US$ 1.24 with a market capitalization of nearly US$ 15.9 million. This is a retracement down to approximately 2.3 percent in comparison with the peak 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 Skycoin is not generated through mining. It has an upper limit of exactly one hundred million US dollars coins. 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 Skycoin transactions.
Additional details about Skycoin, including the white paper and other links to source code, community forums and social media channels can be found on skycoin.com.
Markets
USD
The trading platforms for buying or selling Skycoin in USD are ExMarkets and Coinsuper.
BTC
A large market for buying or selling Skycoin in BTC is Binance. There are additional platforms where you can buy or sell Skycoin, including LBank, Coinsuper and CoinDCX.
Social Links
You can get in touch with the Skycoin team directly by visiting the following social media channels:
1. Or 0.0059 percent, if omitting Bitcoin.