If the world of investing and watching your assets grow in value over time interests you, then you may be considering whether Sweatcoin is worthy of saving for the future.
Sweatcoin is a very new digital currency. It’s unlike any other blockchain currencies, so that turns most investors away from investing in it, as it will not be subject to as extreme supply/demand price spikes as other blockchain currencies.
It’s still growing!
However, that doesn’t mean Sweatcoin isn’t worth investing. You see, it’s still a new app/digital currency. It only hit the app store in several countries around the world in the past 2 years. Therefore, there’s a lot of room to grow.
Today’s Sweatcoin value
Think of the value of one Sweatcoin right now as the “lowest it will ever get”. Sweatcoin’s value is based on how competitive the offers marketplace is. The marketplace is pretty bare compared to how big it could be. Therefore, we’ll likely see the value go up over time. This means that you can either trade your Sweatcoin for more currency (if there is ever an official exchange) OR you can trade fewer Sweatcoins for items of higher value.
Marketplace Offers – Coin Valuation
For example, a good offer on the Marketplace is about $0.20 USD. That means for every $10 savings, you spend about 50 Sweatcoin. That’s a great offer because the average offer on the marketplace (as of writing this in 2017) is worth only $0.02 – $0.07 USD. Considering how laborious it is taking the 1,000 steps needed to generate 1 Sweatcoin, that may not seem like a lot to you. However, coins add up over time. Soon, you might have thousands. That’s when you start deciding: “Do I want to exchange/sell them? Do I want to save them? Or do I want to invest in more by buying them from others?”
So… is investing a good idea?
It’s a pretty safe bet that a small investment in Sweatcoin is a good idea. Sweatcoin has a very bright future waiting for it. The app’s creators are passionate and committed to making Sweatcoin the world’s biggest incentive for increasing their physical activity. In my own opinion, it’s worth stocking up as many coins as you can now… because all it takes is one big news release for the value of those coins to go to greater heights!
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