Skycoin (SKY) is the native coin of the Skycoin Internet platform. You’ll be able to buy the coin on the project’s website, as well as to trade it against other cryptos on a number of exchanges. |
| Launched |
|---|
2013 |
Website: |
| Asset type |
Token |
| Blockchain list |
| X accounts |
BitBay (BAY) digital currency has been developed since 2014 with the eponymous market place being in operation from 2015. The coin is now listed on a few exchanges. You can purchase BitBay with fiat (hard) currency, such as USD or EUR, using a bank card. |
| Launched |
|---|
2014 |
Website: |
| Asset type |
Coin |
| Blockchain list |
- |
| X accounts |
Skycoin (SKY) is the native coin of the Skycoin Internet platform. You’ll be able to buy the coin on the project’s website, as well as to trade it against other cryptos on a number of exchanges. | BitBay (BAY) digital currency has been developed since 2014 with the eponymous market place being in operation from 2015. The coin is now listed on a few exchanges. You can purchase BitBay with fiat (hard) currency, such as USD or EUR, using a bank card. |
| Launched | |
|---|---|
2013 | 2014 |
Website: | Website: |
| Asset type | |
Token | Coin |
| Blockchain list | |
- | |
| X accounts | |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIn a scenario where you choose to include one coin in your portfolio but are uncertain, take a closer look at these two. This article is dedicated to the Skycoin (SKY) vs BitBay (BAY) comparison for investing purposes, highlighting the most important aspects of this discussion.
First things first: the market capitalization. It's always better to invest in a well-established coin than a relatively new project. A large market cap means low volatility, whereas a small market cap means the coin will be extremely volatile and risky to trade – but can also bring huge rewards.
See if the coin has reasonable market cap and valuation for now – sometimes people speculate with coins which don't deserve a single dollar spent on them.
Proof-of-Work, Proof-of-Stake, or any other algorithm. Every protocol uses a specific algorithm for consensus – and therefore it brings some particular traits and advantages. Compare both coins by the consensus mechanism to find similarities and differences. Does it fit your preferences?
Every blockchain has a particular transaction throughput (TPS) level. The higher the transaction speed, the better – but do not consider this to be a primary factor in choosing a blockchain. Layer-2 solutions are also essential for scalability.
Supply and emission schedule play a crucial role in determining the price of any coin on the market. See how many coins will ever exist and how many are already in circulation. How are new coins emitted? Will there be any further halvings or supply increases?
Finally, it all comes down to real adoption. What real-world problems does the coin help solve? How active is the community around it? Does it have real use cases and on-chain activity statistics?
Neither of these coins is a better option in every possible situation – they serve different users. Determine which of them matches your preferences and needs the most, and make your decision accordingly.
Live Market SentimentLive Market SentimentLive Market SentimentCryptogeek.info publishes independent, factual comparisons. Our ratings are not influenced by commercial relationships.
