SophiaTX (SPHTX) Live Price Chart & History

Live SPHTX / USD Price Chart

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Price USD 20.19%
$1.412000
Price BTC
0.00011121
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$266.0M
Market Share
Since launching at $0.41683 on 26/12/2017 SophiaTX has achieved a price of $1.412, rising 1.69% in the last week alone.

SophiaTX Price Analysis: Predictions and Forecasts

Why buy SophiaTX? What is it used for?

SophiaTX is a Blockchain Platform and Marketplace integrating business applications and solutions into a collaborative environment. As an open source platform, it contains integration APIs to SAP and other enterprise software, covering leading ERP, CRM and SCM systems. SophiaTX blockchain is tailored for extending traditional enterprise applications, and allows enhancing and reshaping current business models. The platform is fuelled by SPHTX (SophiaTX Token) which is used to cover mining and transaction fees, allowing access and subscription to the development platform, marketplace, and in-app purchases. It is designed for trading assets or micro-assets and services, know how, process maps and blueprints, integration, and professional consulting services to enable accelerated adoption and use... SophiaTX is the first platform focusing on integrating blockchain with SAP and other major ERP, CRM, and SCM systems and aims to expand the possibilities of enterprise applications with the trust and security that comes with blockchain technology.
SophiaTX was launched in 26/12/2017. It uses the Ethereum consensus (currently proof of work, will be proof of stake later on) method of consensus, and is based on the DPoS algorithm. SophiaTX's goals include SophiaTX is tailored for extending traditional applications like ERP, CRM and many others with robust collaborative and decentralized blockchain capabilities. It is Open Source and contains integration APIs to SAP and other enterprise applications.. SophiaTX aims to set itself apart from other cryptocurrencies due to Leverage Smart Contracts Share Info Across Entire Value Chain Improve Collaboration Shorten Cycle Times Provide Micro-services Innovate and Disrupt Industry

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Risk Warning: Your capital is at risk

SophiaTX Trading: How To Buy + Trade SPHTX

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a SophiaTX wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades SPHTX
  5. Exchange your BTC, ETH or LTC for an amount of SPHTX, depending on the current exchange rate
  6. Move your SophiaTX coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading SPHTX on an exchange

As you can see, the process for trading SophiaTX is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of SophiaTX crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before SophiaTX goes to zero

You can see our list of featured trading platforms here

Will the price SophiaTX fall continue to rise?

It's impossible to predict for sure if SophiaTX is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days SophiaTX has risen by 1.69%
  • In the past month it has gained 69.357945189367%
  • In total it has appreciated by $0.99517 since its inception, a change of 338.75%

Can SophiaTX reach, replace, pass or overtake bitcoin?

At present SophiaTX is trading at 0.00011121 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 899,199.7%. If we assume SophiaTX continued to as it has in the last month - with a price change of 69.36% it would take 1.4664038630289 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of SPHTX is going to take off and increase in price to a higher level we've done the math for you.
In order for SophiaTX to reach $5.00 it needs to increase in price by a factor of 3.54x. Given its present growth rate of 69.36% per month, it could take just 5.0 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for SophiaTX to reach $10.00 it needs to increase in price by a factor of 7.08x. Given its present growth rate of 69.36% per month, it could take just 7.8 months to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for SophiaTX to reach $15.00 it needs to increase in price by a factor of 10.62x. Given its present growth rate of 69.36% per month, it could take just 9.4 months to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
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1 year0%100%
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4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for SophiaTX to reach $25.00 it needs to increase in price by a factor of 17.71x. Given its present growth rate of 69.36% per month, it could take just 11.5 months to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
1 month0%100%
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1 year0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for SophiaTX to reach $50.00 it needs to increase in price by a factor of 35.41x. Given its present growth rate of 69.36% per month, it could take just 1.2 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for SophiaTX to reach $100.00 it needs to increase in price by a factor of 70.82x. Given its present growth rate of 69.36% per month, it could take just 1.4 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
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5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for SophiaTX to reach $200.00 it needs to increase in price by a factor of 141.64x. Given its present growth rate of 69.36% per month, it could take just 1.6 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
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5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for SophiaTX to reach $300.00 it needs to increase in price by a factor of 212.46x. Given its present growth rate of 69.36% per month, it could take just 1.8 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for SophiaTX to reach $400.00 it needs to increase in price by a factor of 283.29x. Given its present growth rate of 69.36% per month, it could take just 1.9 years to hit a price target of $400 USD

What is the probability of hitting $400.00 over time?

Time periodChance final price > $400Chance final price < $400
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is SophiaTX a good investment? Is it safe to put my money into SPHTX?

No, it is not a 'good investment' to buy SophiaTX, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading SophiaTX as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of SPHTX - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

SophiaTX Development + Team

There are 4 developers coding the source behind SophiaTX There are no sales or marketing staff on the team which could impede the coin's growth.

SophiaTX doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team for SophiaTX is lead by Jaroslav Kacina,

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

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