I noticed the abundance of recommendations for the currency, and based on my experience, I do not trust any Asian trader. Its price now and five years ago is not different, meaning it is a speculative currency, an investment I do not expect to go far unless they change its trader. Check this article, it might change your mind.
ShipChain (symbol: SHIP) was a project aimed at improving the shipping and logistics sector using blockchain technology. In January 2018, the company launched an initial coin offering (ICO) at a price of $0.34 per token, raising approximately $27.6 million.
📈 SHIP Price Development in 2020
In 2020, the SHIP currency experienced price fluctuations, ranging between $0.0002 and $0.0003. For example, in October 2020, the price of the currency was about $0.0002343.
⚠️ End of the ShipChain Project
In December 2020, the U.S. Securities and Exchange Commission (SEC) ordered ShipChain to cease operations and pay a fine of $2.05 million for violating securities laws through an unregistered offering of digital currencies. The company agreed to the settlement and ceased all operations.
💡 Summary
Initial offering price (2018): $0.34
Price in October 2020: about $0.0002343
Current status: the project has been halted since December 2020
