Every change brings a determined moment in history. Like that, Spacemehs brought new ideas to the crypto market. As it strives to become a people’s coin, it has introduced innovative ideas in SMH.
We can help you discover everything about Spacemesh. Examine all the significant details, including the functionality, performance, key factors, future price prediction of SMH, buying options, buying process, and the credibility of the project.
What is Spacemesh?
Spacemesh is a crypto currency that aims to focus on user-friendliness and decentralization. It uses a novel layer 1 blockchain with a Proof of Space Time (PoST) system that relies on energy-intensive mining. The design of PoST is more accessible and environmentally sustainable. Although it is still under development, it has a functional network with a growing community. The native crypto currency token SMH is tradable on certain exchanges.
| Ticker Name | SMH |
| Market Cap | $80,112.942 |
| 24-hour Trading Volume | $5,102,573 |
| Total Supply | 41,410,470 |
| Max Supply | $2,400,000,000 |
| Categories | Layer 1 (L1), Paradigm Portfolio, Coinbase Ventures Portfolio |
How does Spacemesh (SMH) function?
Unlike traditional blockchain systems, Spacemesh uses the unused hard drive space of the users to make it more accessible. Here is how Spacemesh functions:
Token Distribution of Spacemesh: SMH
The model of token distribution is inspired by Bitcoin. The major share of the token is allocated to the miners, and the remaining token is distributed to the team and initial investors.
- 93.75% of the token is minted as a block subsidy
- 6.25% is reserved for the team rewards, they are initially inaccessible.
Key Factors of Spacemesh (SMH):
Check out some of the key indicators of SMH that sets it apart from others:
History: Aviv Eyal and Tomer Afek established Spacemesh in 2017 to create a decentralized, safe, scalable cryptocurrency and innovative contract platform that fixes many common flaws impacting 1st and 2nd blockchain networks.
- Decentralization: SMH uses PoST, which aims to be more decentralized than older PoW systems. PoST allowed anyone with storage space to participate in securing the network.
- Accessibility: Anyone with readily available storage space can participate more than Smeshers with expensive mining hardware, opening the door to a broader range of Smeshers.
- Sustainability: When you compare PoST to PoW, PoST requires less energy. SMH is a more user-friendly cryptocurrency option.
- Early Stage: SMH is still under development, and its future success is guaranteed.
- Market Performance: The tradable token has plenty of active users and 41 million circulating tokens. The value of the token fluctuates positively. It has increased by 10% in the last 24 hours.
Future Price Prediction of Spacemesh (SMH):
At the time of writing this, the 24-hour trading volume of SMH has been $5,109,491 for the past 24 hours. This presents a 0.30% surge from the previous day. The increase signifies a rise in the market activity.
As per the performance of the tokens and the technical indicators, we have made a seven-year price prediction for Spacemesh until 20230. Check out the price prediction if you are planning to invest in the SMH:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
|---|---|---|---|
| 2024 | $1.72 | $3.79 | $4.21 |
| 2025 | $4.12 | $4.77 | $4.93 |
| 2026 | $5.69 | $6.52 | $6.93 |
| 2027 | $7.42 | $8.58 | $8.86 |
| 2028 | $7.42 | $8.58 | $8.86 |
| 2029 | $9.16 | $9.87 | $10.53 |
| 2030 | $13.01 | $14.15 | $14.32 |
Where can you buy your Spacemesh (SMH)?
You can buy and sell SMH on a centralized crypto exchange. XT.COM is the most popular option for trading SMH. The trading volume is $4,836,375 and the active trading pair is $SMH/USDT. You can also consider other popular options like BingX, and SafeTrade. You can always choose the option that abides to your trading policies.
Check for the customer ratings, trading fees, and if the exchange functions in your location. If you are a beginner in the crypto world, you can consider investing a small amount initially. This can avoid risk.
Is Spacemesh (SMH) a credible investment option for you?
Though Spacemesh is just a new cryptocurrency, many investors are willingly supporting it. Anyone who is new to or already deleves in the crypto market can try Spacemesh. As it grows, fluctuations can come and go. But it is not likely to affect earnings. According to the analysis of the crypto, this seems to be a credible investment option for beginners and expert traders.
Though Spacemesh appears to be a lucrative investment option, you are advised to research the crypto project before investing. The volatile nature of the crypto market can affect your finances.
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