This event has enabled SKY to grow by 40%.
Today, Coin Sky (SKY) is one of the few cryptocurrencies that show positive momentum despite the General market decline.
The entire #Skycoin team is proud and excited to announce that #Skywire #testnet is live! Check out the official installation guide and whitelist your miner to participate in this pivotal event!https://t.co/uTTyHnuLjA$SKY #TheNewInternet #NetNeutrality #Bitcoin $BTC #CryptoNews— Skycoin (@Skycoinproject) May 22, 2018
After the news about adding on Binance, the SKY grew by 37% and reached the level of 34.77 USD, though trading volumes surpassed the previous record. We will remind that in March the price of the cryptocurrency has hovered around $ 9.
With relatively low emissions of 25 million coins, not surprisingly, SKY has grown to the current rates before running a test network. And after appearing on Binance, SKY can show very strong growth, because until now, this cryptocurrency was trading only in niche markets, including Cryptopia, and the volume was extremely low.
At the moment SKY is not traded against the Tether (USDT), but available for trading against the other major cryptocurrency exchange: Bitcoin, Ethereum and Binance Coin (BNB).
SkyCoin is a unique project with a unique miner, or rather its analogue, SkyWire. The device actually is not a miner and more like nodes for its functionality. In addition, the need to SKY no mining – all coins are already created.
This fact even caused accusations of fraud on the part of the cryptocurrency community. At the moment, SkyCoin is considered a legitimate cryptocurrency, but network project has not yet been built. The device Skywire sold for 1 BTC, for this price the customer received the device itself, plus compensation in the amount of 99% of the price paid, but in the SKY.
Recall that listing on Binance is not a guarantee of the reliability of the project in the past, this cryptocurrency exchange also salistie Centra (CTR), a project in which the founders tried to escape with all the collected money.