BLK is trading at 0.0199 as of the 25th of April 2024, a 3.11 percent up since the beginning of the trading day. BLK has about a 36 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Cryptocurrency ratings for BLK are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
BLK is peer-to-peer digital currency powered by the Blockchain technology. More on BLK
BLK is an online marketplace for p-2-p internet money called Cryptocurrency. BLK has been active in the last 3 months, and it is today expressing a bullish sentiment. Cryptocurrencies such as BLK 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 BLK 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.
BLK 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. BLK's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding BLK or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
BLK 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. BlackCoin (BLK) is a decentralized digital currency that operates on the innovative Proof of Stake 3.0 protocol, offering near-instant transaction speeds and minimal fees. Its open-source wallet ensures security and transparency, allowing users to transact anonymously, similar to Bitcoin. BlackCoin is eco-friendly, relying on Proof of Stake instead of energy-intensive mining. The network offers staking rewards, ranging from 1% to 8% annually, based on network weight. BLK serves as a fast, secure, and transparent means of payment, embodying the characteristics of a decentralized, peer-to-peer banking system. Notably, BlackCoin has achieved several firsts in the cryptocurrency space, including being the first coin to fully implement Proof of Stake, introduce working smart contracts, and combine PoS with a multipool. It's recognized for its active, community-driven development and innovative contributions to the digital currency landscape.
Symbol
BLK
Difficulty
225,535.28
Rating
D-
Name
BLK
Proof Type
PoS
Sponsored
false
Algorithm
Scrypt
Is Trading
true
Asset Launch Date
2014-02-24
Full Name
BlackCoin (BLK)
Asset Website Url
https://blackcoin.org/
Block Number
4.91 Million
Platform Type
blockchain
Coin Name
BlackCoin
Total Coins Mined
62.74 Million
BLK (BLK) is traded on CRYPTO Exchanges. BLK is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under '' category with a current market capitalization of 0. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate BLK's market, we take the total number of its shares issued and multiply it by BLK'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.
What are BLK's target price odds to finish over the current price? Based on a normal probability distribution, the odds of BLK jumping above the current price in 90 days from now is about 24.3%. The BLK probability density function shows the probability of BLK crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon BLK has a beta of 0.3963 suggesting as returns on the market go up, BLK average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BLK will be expected to be much smaller as well. Additionally, bLK has an alpha of 0.7816, implying that it can generate a 0.78 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of BLK to move above the current price in 90 days from now is about 24.3 (This BLK probability density function shows the probability of BLK Crypto Coin to fall within a particular range of prices over 90 days) .
Investors will always prefer to have the highest possible return on investment while minimizing volatility. BLK market risk premium is the additional return an investor will receive from holding BLK 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 BLK. 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 BLK's alpha and beta are two of the key measurements used to evaluate BLK's performance over the market, the standard measures of volatility play an important role as well.
When it comes to investing in cryptocurrency, such as BLK, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of BLK, which is currently traded at 0.0199, shows everything you need to know about BLK market value. You don't have to consider the fundamental factors that affect a crypto asset, such as BLK, to determine its price movements. However, the BLK's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so BLK's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project BLK's future price trend
The output start index for this execution was zero with a total number of output elements of sixty-one. BLK Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe BLK price patterns.
BLK Against Markets
Picking the right benchmark for BLK 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 BLK 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 BLK is critical whether you are bullish or bearish towards BLK at a given time. Please also check how BLK's historical prices are related to one of the top price index indicators.
Our tools can tell you how much better you can do entering a position in BLK 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 USA ETFs Now
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
You need to understand the risk of getting into digital currencies such as BLK 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 BLK in four ways:
Buy BLK through an exchange
Get yourself a crypto wallet before embarking on your BLK 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 BLK. 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 BLK through an exchange
You don't have to buy a full token when starting out since BLK 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 BLK through a broker
If you don't want to store your BLK 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 BLK through an exchange-traded fund (ETF)
You can also invest in BLK 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 BLK 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
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
When determining whether BLK offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BLK's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Blk Crypto.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BLK. 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Please note, there is a significant difference between BLK's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine BLK value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, BLK's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.
