Stronghands Coin: Is It A Smart Investment Decision?

StrongHands (SHND) is a cryptocurrency that operates on its own blockchain. It was launched in 2015 by developer Jackson Briggs on the Bitcointalk forum and claims to be one of the first cryptocurrencies to introduce a combined proof-of-stake/proof-of-work minting system. The current price of StrongHands is $0.000014 USD, with a 24-hour trading volume of $68,175.99 USD. In this discussion, we will explore the potential of StrongHands as an investment opportunity and analyse its performance, fundamentals, and market sentiment to determine if it is a good coin to invest in.

StrongHands' price history

StrongHands (SHND) is a cryptocurrency that operates on its own blockchain. It was launched in 2015 by Jackson Briggs on the Bitcointalk forum. In 2018, there was a community takeover led by Bitcoinbabys and Bumbacoin.

The price of StrongHands as of June 2024 was $0.0000218, with a 24-hour trading volume of $11,951. As of July 2024, the price had risen to $0.0000579. The highest price ever for one StrongHands (SHND) was $0.0008268 on 19 November 2015. The lowest price for one SHND coin is $1.47E-8, recorded in November 2017.

The best year for StrongHands was 2019, when its price surged from $7.40E-8 to $0.0001814. The worst year for the cryptocurrency was 2017, when its price fell from $0.0000070 to $1.30E-8.

The pros and cons of investing in StrongHands

Pros

• StrongHands (SHND) is one of the first cryptocurrencies to introduce a combined proof-of-stake/proof-of-work minting system, which reportedly increases energy efficiency and network security.
• It has a strong algorithm.
• It has a very limited supply, which can restrict circulation and give real utility.
• It is a MEME coin dedicated to loyal miners that HODL.
• It has a growing community.
• It has a multichain ecosystem, which allows users to switch between different blockchains.
• It has a decentralised exchange (DEX), which allows users to trade digital assets without relying on a centralised entity.
• It has a circulating supply of 19 billion coins, which means there is a large amount available for trading.
• It has a market cap of $417.22K, which implies that the asset is highly valued by the market.
• Its price has been rising, with a 2.78% increase in the last hour, a 5.54% increase in the past 24 hours, and an 8.53% increase in the past week.

Cons

• It is not currently tradable on Coinbase.
• It is a risky investment, like all cryptocurrencies.
• It has a fully diluted market cap of $984.1K and a market cap dominance of #6810, which is relatively low compared to other cryptocurrencies.
• It is not one of the most well-known or established cryptocurrencies.
• It is not available on all crypto exchanges.

StrongHands' market cap

The current market cap of StrongHands (SHND) is $266,021, while its live price is $0.0000138. Its market capitalization is the total value of all SHND coins in circulation, which is calculated by multiplying the current price by the number of coins in circulation. In this case, StrongHands has a circulating supply of 19,272,227,177 coins.

Market capitalization is an important metric for investors as it helps to indicate the level of investment in a cryptocurrency. A high market cap implies that an asset is highly valued by the market. StrongHands' market cap has been as high as $417.22K, while its price has reached a maximum of $0.0243. However, it is worth noting that the price of StrongHands has been highly volatile, and the coin's price has dropped as low as $0.0000000125.

StrongHands is a MEME coin that was launched in 2015 by developer Jackson Briggs. It claims to be one of the first cryptocurrencies to introduce a combined proof-of-stake/proof-of-work minting system, building upon Bitcoin by introducing energy efficiency and a new security/minting model. The coin was dedicated to loyal miners, with the name 'StrongHands' referring to the crypto term 'HODL', meaning to hold onto coins despite market volatility.

The StrongHands platform also has its own native token, iSHND, which is the finance utility token of the StrongHands Multichain ecosystem. This token has a limited supply to restrict circulation and give it real utility.

StrongHands' utility token

StrongHands Finance (iSHND) is a utility token of the StrongHands Multichain ecosystem. It was designed to be a turning point for decentralised finance (DeFi) by providing great gains based on the integration of projects into the ecosystem. The more projects and trades, the more dividends by staking coins.

The iSHND token has a very limited supply to restrict circulation and give real utility. It will offer many decentralised applications (dApps) and low fees to diversify investment in the decentralised economy. It will also play an important role in balancing the whole ecosystem and creating liquidity for all listed projects.

The StrongHands decentralised exchange (DEX) is a fast and reliable trading platform that operates directly on a blockchain, without the need for centralised intermediaries. It uses smart contracts to facilitate the trading of digital assets, enabling transactions to occur automatically in a programmatic manner. This means that transactions are executed in a decentralised and secure way, without the need to trust a centralised entity to act as an intermediary.

The StrongHands DEX also offers additional features such as liquidity pools and incentives for liquidity providers, which help ensure that there is always a fair and liquid market for the assets traded on the platform. By staking iSHND tokens, users will receive dividends generated by a share of trades made on the platform.

The StrongHands Cross-Chain Bridge allows assets to be transferred between different blockchains by locking the assets on one blockchain and creating a representation of those assets on another blockchain. This enables users to transact between the two blockchains. The bridge is currently available on the BNB Chain, Ethereum Network, and Polygon.

The StrongHands NFT Marketplace is a platform that allows users to buy, sell, and trade unique digital assets, known as non-fungible tokens (NFTs). It operates on the Ethereum blockchain and provides a way for creators to showcase and monetise their digital creations, while allowing collectors to discover and acquire unique NFTs. The marketplace is being prepared to be multichain.

StrongHands' competitors

StrongHands (SHND) is a MEME coin that was launched in 2015. It is one of the first cryptocurrencies to introduce a combined proof-of-stake/proof-of-work minting system. The project builds upon Bitcoin by introducing energy efficiency, a new security/minting model, and adaptive responses to rapid changes in network computation power.

Assets that have a similar market cap to StrongHands include Thorstarter, Super Zero Protocol, and Abyss.

Frequently asked questions