SXP Archives - 2100NEWS

LilyOctober 9, 2020
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9min170


SXP (Swipe) as Large-cap Ethereum based Token is 56th in the 2100NEWS ranking. The quality of the order book of SXP is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 17.2. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.

 

About token

SXP has been launched in 35 exchanges.

Swipe as Large-cap Ethereum based Token is 56th in 2100NEWS ranking (after Index Review of 25th September 2020). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100.

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 17.7, (Average for Large caps: 17.2)


Over the past week, the average market cap was $97.3 million, average daily volume was $69 million.


 

In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. In order to make an appropriate peer comparison, we gauged the SXP (Swipe) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100).  On average (violet area chart), the relationship between SXP to NWSL100 has shown that it was stronger in the bullish market and weaker in the bearish, so it has a higher Beta. (Beta is a measure of the volatility—or systematic risk—of a digital asset compared to the market as a whole.)  Over the last three months, it has outperformed NWSL100 by 60%. However, if we compare the SXP green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is very strong (Pearsons correlation coefficient = 0.90). It was moving in the same direction as the NWSL100. So, it has been a good representative of the NWSL100 index in terms of price changes.

*The chart below shows the SXP compared to NWSL100 at the top, the box in the middle of the chart shows the original SXP price, and at the bottom of the chart we see NWSL100 and the correlation between  SXP and NWSL100.

 

 

According to Etherscan, there are 18,146 token holders (at the time of this article’s writing).

 

2100NEWS observation:

Swipe is a solid project under the parent company Binance, which owns a majority stake in Swipe and at the same time actively participates in the growth and development of the platform. This year, they have entered into some strategically important partnerships that allow them to make wider use of the Swipe VISA card. Unfortunately, VISA card and account is only available in the United Kingdom and the European Union. Nevertheless, the use of the card has greatly expanded in recent months. They also introduced gift cards. New cryptocurrencies are regularly added to the Swipe wallet. They regularly post news on social media. They also keep in touch with the community through the AMA. They have 89.2K followers on Twitter.

 

About Swipe – what they do

Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom and Estonia which services European users. The Swipe platform enables users to spend cryptocurrencies in real time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally.

The Swipe Wallet is a multi-asset digital wallet applications that enable users to buy, sell, exchange, pay and more with their cryptocurrencies and fiat currencies which is available in over 180 countries on the Apple iOS App Store and Google Play Store.

The Swipe Card is a multi-network debit card that enables real-time cryptocurrency to fiat onversions that occur at point-of-sale that comes with high percentage cash back rewards and benefits. The Swipe Card is available in over 30 countries with more regions being added. All Swipe Cards are dual-interface (NFC/EMV) cards with ATM cash access.

SwipeFi is money market protocol that enables users to provide liquidity and earn a dynamic APY for collateralized lending and lets users borrow crypto and stablecoins by providing crypto-collateral all directly on Ethereum and Binance Smart Chain.

Swipe Issuing is a Card-as-a-Service (CaaS) platform that allows users to create, manage, and distribute virtual and physical cards while Swipe manages all the regulatory, compliance, and network responsibilities to quickly launch the program.

 

General information

 

Based in London, England, Swipe was founded in 2018 by Joselito Lizarondo with the mission to bring cryptocurrency interoperability with traditional finance and was later acquired by Binance in June 2020. The Leadership consists of: Joselito Lizarondo (Chief Executive Officer), John Khenneth (Chief Operating Officer), Anecita Sotomil (Chief Legal Officer), Danilyn Gervo (Head of Finance), Nicole Del Rosario (Head of Marketing), Jann Balon (Head of Designs) and Juvelyn Yrigan (Head of Support).

 

Exchanges: 1inch Exchange, ATOMARS, Balancer, Bilaxy, Binance, Binance.KR, Bitay, Bithumb, Bithumb Global, Bitsdaq, Bittrex, BKEX, CoinCasso, Coinone, Coinsbit, CoinTiger, DigiFinex, Fatbtc, Folgory, FTX, Gate.io, Giottus, IDEX, KuCoin, Mooniswap, MXC (MoCha), P2PB2B, Poloniex, ProBit Exchange, Serum DEX, Uniswap (V2), Upbit, VCC Exchange, WazirX, WhiteBIT.

 

Website: https://swipe.io/token

You can follow them:     Github    Medium    Twitter

 

Do you know more about this topic or would you like to report an error in the text? Leave a comment or email us at info@2100news.com.

 

The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens SXP.



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We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


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