SKM Crypto
| SKM Crypto | USD 0.0002 0.000023 12.23% |
Performance0 of 100
| Risk Of DevaluationOver 53
|
SKM is trading at 1.65E-4 as of the 26th of April 2024, a -12.23 percent decrease since the beginning of the trading day. SKM has 53 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for SKM are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of February 2024 and ending today, the 26th of April 2024. Click here to learn more.
SKM is peer-to-peer digital currency powered by the Blockchain technology. More on SKM
Moving against SKM Crypto Coin
| 0.81 | TONCOIN | Open Network | PairCorr |
| 0.77 | ONDO | Ondo | PairCorr |
| 0.6 | NEAR | Near | PairCorr |
| 0.57 | SOL | Solana | PairCorr |
| 0.55 | WBTC | Wrapped Bitcoin | PairCorr |
SKM is an internet market maker for peer-to-peer digital currency indicated as Cryptocurrency. SKM has been active in the last 3 months, and it is now trading with a bearish sentiment. Cryptocurrencies such as SKM are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as SKM are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
SKM Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. SKM's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding SKM or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
| Business Concentration | Technology, Cryptocurrency, Blockchain (View all Sectors) |
SKM is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on few exchanges in multiple currencies. The Skrumble Network blockchain and application allows users to perform communications and financial transactions securely. SKM is an ERC20 token that serves as a currency on the Skrumble Network ecosystem. | |
| Other Smart Contract Address | View |
| Symbol | SKM |
| Rating | D- |
| Technology Adoption Rating | D- |
| Market Performance Rating | D- |
| Name | SKM |
| Sponsored | false |
| Built On | ETH |
| Decimal Points | 18.0 |
| Is Trading | true |
| Asset Launch Date | 2018-04-07 |
| Full Name | Skrumble Network (SKM) |
| Asset Website Url | https://skrumble.network |
| Platform Type | token |
| Coin Name | Skrumble Network |
| Total Coins Mined | 1.5 Billion |
| Smart Contract Address | View |
SKM (SKM) is traded on CRYPTO Exchanges. SKM is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 5.74 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SKM's market, we take the total number of its shares issued and multiply it by SKM's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
SKM's Exchanges and Markets
SKM Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SKM market risk premium is the additional return an investor will receive from holding SKM long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SKM. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although SKM's alpha and beta are two of the key measurements used to evaluate SKM's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 6.11 | |||
| Standard Deviation | 8.79 | |||
| Variance | 77.27 | |||
| Risk Adjusted Performance | (0.02) |
SKM Technical Analysis
When it comes to investing in cryptocurrency, such as SKM, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of SKM, which is currently traded at 1.65E-4, shows everything you need to know about SKM market value. You don't have to consider the fundamental factors that affect a crypto asset, such as SKM, to determine its price movements. However, the SKM's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so SKM's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project SKM's future price trendTransformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. SKM Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe SKM price patterns.
SKM Against Markets
Picking the right benchmark for SKM crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SKM crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SKM is critical whether you are bullish or bearish towards SKM at a given time. Please also check how SKM's historical prices are related to one of the top price index indicators.
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in SKM without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.Did you try this?
Run ETF Categories Now
ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
| All Next | Launch Module |
How to invest in SKM
You need to understand the risk of getting into digital currencies such as SKM before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in SKM in four ways:Buy SKM through an exchange
Get yourself a crypto wallet before embarking on your SKM journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase SKM. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.Purchase fractions of SKM through an exchange
You don't have to buy a full token when starting out since SKM is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.Trade SKM through a broker
If you don't want to store your SKM Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.Invest in SKM through an exchange-traded fund (ETF)
You can also invest in SKM through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.Investing Ideas
In addition to having SKM in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
Explore Investment Opportunities
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SKM. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.