Analysts covering Ink Protocol (XNK) look at the -1.80% decline on February 12-13

Ink Protocol (XNK) had a bad 24 hours as the crypto declined $-7.25563999999998E-05 or -1.80% trading at $0.0039543238. According to Global Crypto Analysts, Ink Protocol (XNK) eyes $0.00434975618 target on the road to $0.0104849655731675. XNK last traded at Bibox exchange. It had high of $0.0040631584 and low of $0.0038454892 for February 12-13. The open was $0.0040268802.

Ink Protocol (XNK) is down -25.35% in the last 30 days from $0.005297 per coin. Its down -75.41% in the last 100 days since when traded at $0.01608 and the annual trend is up. 200 days ago XNK traded at $0.00 (non existent). XNK has 500.00 million coins mined giving it $1.98M market cap. Ink Protocol maximum coins available are 500.00 million. XNK uses algorithm and proof type. It was started on 15/11/2017.

Developed by Listia, Ink Protocol is a P2P (Peer to Peer) marketplace. It is a platform that allows the participants to buy or sell goods between them (similar to e-bay or Amazon) using a cryptocurrency as a medium for payment. Ink Protocol has developed a reputation mechanism in orders to rate the sellers. In addition, a mobile app is available for the users’ devices.

The Ink Protocol token (XNK) is an Ethereum-based (ERC-20) cryptocurrency. It is a utility token and it is the exclusive medium of payment when buying goods on the platform.