Selfkey is a blockchain-based identity platform that has seen a price uptick following news of a recent listing on one of the world’s largest exchanges by trading volume. The token has risen by nearly 11% today.
If you want to understand what Selfkey is, whether it might be a suitable investment, and where to buy KEY, you’re in the right place.
Best places to buy Selfkey now
What is Selfkey?
Selfkey provides a platform for individuals, businesses, exchanges, fintech startups and banks to manage identity data. The core team has worked on decentralized identity since 2014 across institutions and companies including Standard Chartered Bank, Bitmax exchange, EQIBank and GSR.
The Selfkey Wallet is a free, open-source, non-custodial wallet that enables users to securely store and transfer both digital assets and their digital identity credentials.
Using the wallet, users can apply for services like a verified bank account or corporate incorporation and pay with KEY tokens on the dedicated Selfkey marketplace.
Traditional KYC processes are often costly and rely on centralized databases that can be vulnerable. Selfkey leverages a decentralized approach and cryptographic technologies to reduce costs and improve security.
The project aims to transform the KYC process while preserving the idea that individuals should own and control their identity information.
Should I buy Selfkey today?
Selfkey may offer attractive investment potential, but you should read multiple price forecasts from reputable analysts and conduct your own market research before committing funds. Treat all investment advice with caution.
Selfkey price predictions
Trading Beasts presents a bullish outlook for KEY, forecasting a price of $0.01 per KEY by May of this year with an expected maximum around $0.012. At the time of their estimate, KEY was trading near $0.007.
Tech News Leader offers a longer-term projection that KEY could reach $0.014 within one year, $0.045 in five years, and $0.28 in ten years.
Selfkey on social media
⚠️ #KEY 12h recently showed a BREAKOUT above its resisting trend line and is now on EXTREME ALERT as it is setup to more than DOUBLE IN VALUE! With this break, $KEY is positioned to go on an over 105% uphill run to reach the target at $0.0153 and can begin moving quickly! #Selfkey pic.twitter.com/iFhknu0dQu
— JAVON⚡️MARKS (@JavonTM1) March 6, 2022