Of all cryptocurrency projects, Skycoin is perhaps the one that the community is most opinionated on and confused by. Especially recently, Skycoin has grabbed the attention of cryptocurrency enthusiasts worldwide. Unfortunately for holders, each passing headline seems to send the ambitious project down further.
After achieving a temporary high of US$ 35 in response to its Binance listing in late May, Skycoin has plummeted over 80% to its current price of under $ 7. After flirting with a top 50 ranking on CoinMarketCap, Skycoin currently sits at #150, with a market cap of US$ 60 million.