The little known Selfkey (KEY) appears to have hit the ground running and the price surge being experienced is an indication of what to expect in the coming days. When the rest of the market is somewhat low, the KEY price remains predominantly in the green. This comes hours after the coin announced the launch of their native beta identity wallet that is compatible with Mac OS and Windows.
The news hit the headlines soon after Binance; one of the leading Exchanges announced they are set to list KEY. This has turned out to be a double celebration for the community and enthusiasm has seen the coin trade in the double digit zone. With the coin being paired with BTC and ETH, the sky seems to be the limit.
Selfkey (KEY) Price Growth
In a market that is just recovering, Selfkey has given its holders and prospective investors a reason to keep the token on their watch list. This is more so for those who are looking for a token that is spendable and keeps their digital identities under locks. The coin has been able to gain 155.14% in the last 24 trading hours to trade at $0.033431. It has also gained 134.25% and 130.19% to BTC and ETH respectively.
This is a positive performance and if the market recovers, it should gain enough momentum that will see the token trade in the $1 thresholds. The price surge is a good sign and intention to hit the top 100 ranked coins by market capitalization. Selfkey is ranked 122 with a market cap of $67,399,430 and has seen a total of $399,731,000 against a total supply of 2,016,075,804 KEY.
Selfkey (KEY) Homegrown Identity Wallet
The Selfkey Identity wallet is uniquely designed to help you manage your digital coin portfolio and other digital documents fuss free. If you have a pile of digital documents that you need to access their identities from a central place, Selfkey has your back covered. You can now store your passport, driver’s license, utility bills and ID details with some peace of mind.
The beauty of the Selfkey app is that you just need to make a few clicks and you access these documents securely and safely. At the moment you can only store three digital coins in the identity wallet namely, BTC, ETH and KEY. However, you can safely stack all your ERC20 tokens in the wallet without any fear.
Selfkey (KEY) Real World Use Cases
Cryptocurrencies are meant to address specific real world problems and Selfkey has chosen a unique area where not many players have been able to venture into. It is the only gateway to your digital identity management. However, the token can be used as an investment; you can trade with it and convert it into other major digital currencies and into fiat.
However, the application takes centre stage as a depository for all your sensitive identity documents. With the introduction of the identity wallet things are even better as the system offers you a one stop shop for all your transactions. You can store your sensitive digital documents as well as your crypto verse funds.
The entire economy of Selfkey is fueled by the KEY token. Being a participant in the ecosystem is a value addition venture and the more the token is circulated the more value it gains. This is a token that is open to use by both individuals and organizations. With all your digital signatures and passwords, you are safe with Selfkey; it makes sense to store your information in a single app.