Simple Token team develops a platform where companies or individual developers can provide its applications to other participants for a fee.
The functionality of Simple Token is based on three key aspects:
- OpenST protocol, focused on the use of ETH smart contracts and providing the ability to create own tokens;
- platform tools allow the companies to integrate the acquired software into its own function as applications;
- internal cryptocurrency provides access to the platform tools and monetization of its own assets.
August 7 was marked by a sharp increase in trade volumes, which did not keep the price of the asset from falling, and on August 14, the minimum at 0.00000362 was formed. Over the month, the rate has grown by about 217%. Note that this happened literally during one trading session, September 25, which indicates possible price manipulations. The November fall did not lead to an update of the minimum, at the moment the price is higher by about 50% of the minimum value of this year. Very low liquidity indicates a lack of interest in the token. Support zone is at the level of 0.00000534, resistance - 0.00000759. Medium trading volumes are very low and unstable. All of the above gives reason to believe that the token is not suitable for intraday trading. The lack of clear plans and the dubious value of the basic idea speak of the heightened risks of long-term investments.
The functionality of Simple Token is based on three key aspects:
- OpenST protocol, focused on the use of ETH smart contracts and providing the ability to create own tokens;
- platform tools allow the companies to integrate the acquired software into its own function as applications;
- internal cryptocurrency provides access to the platform tools and monetization of its own assets.
August 7 was marked by a sharp increase in trade volumes, which did not keep the price of the asset from falling, and on August 14, the minimum at 0.00000362 was formed. Over the month, the rate has grown by about 217%. Note that this happened literally during one trading session, September 25, which indicates possible price manipulations. The November fall did not lead to an update of the minimum, at the moment the price is higher by about 50% of the minimum value of this year. Very low liquidity indicates a lack of interest in the token. Support zone is at the level of 0.00000534, resistance - 0.00000759. Medium trading volumes are very low and unstable. All of the above gives reason to believe that the token is not suitable for intraday trading. The lack of clear plans and the dubious value of the basic idea speak of the heightened risks of long-term investments.