OneCoin Price 2021: Ruja Ignatova’s OneCoin lacks credible financial aspects that mark truly fungible coins. It set the pace for a string of Ponzi licenses involving apex UAE Bank and also implicates other prominent individuals in its wake. What will OneCoin Price 2021 prediction look like?
Our article looks to reconcile popular thoughts about the future of this token, its valuation, and its relative worth in 2021. Do you have OneCoin? How much do you know about the coin? Learn more about it in this post.
Also, we would like to start by alerting our readers to the fact that the OneCoin token does not exist on any blockchain. See the following sections for more information.
OneCoin Price 2021: Overview of OneCoin
OneCoin Price 2021: at the onset, OneCoin holders can allegedly mine crypto coins through the educational insight OneCoin Ltd offered. This section briefly looks at the starting point of the OneCoin saga.
With dubious strands formerly set in Hong Kong and Bulgaria, OneCoin rattles digital financial networks in Europe and China. Although it gave the semblance of a token with good prospects on a Defi community, the Ponzi Crypto became fodder for scammers who racked up nearly four billion ($4000 000 000) US Dollars through Ponzi.
Before the Ponzi facet of OneCoin Ltd became public, nerdy e-commerce traders were fixated on OneCoin Price 2021, 2022, 2023, etc. However, the coin leaves much to be desired after a string of legal suits against OneCoin Ltd surfaced.
In its heydays, OneCoin Ltd allows that OneCoin Price is tradeable on a special for-members-only platform. This platform, XCOINX, allegedly has the legal prerequisites for the relevant Initial Coin Offering (ICO) on blockchains. It turns out that the Company only markets educational papers and tries to popularize MLM soundbites. Before long, international agencies alert the public to OneCoin Ltd Ponzi.
OneCoin Price 2021: get the popular reactions from experts on Defi Crypto trade about OneCoin Price 2021 in the following section.
After XCOINX, Is OneCoin Price 2021 Legit?
OneCoin Price 2021: crypto traders look for hints of OneCoin’s renewed worth. Will there be a sudden spike in the token’s value? The answer is no. Like we said before, the coin does not even exist on any blockchain.
Crypto coins derive their relative worth from their blockchain mining bank. Altcoins are comparatively traded through SWAPs after reaching a sufficiently large HODLER base. But the XCOINX Company presumes to make its coin valuable by controlling its circulation in a non-decentralized platform (privately-run Ponzi fashion).
Instead of a blockchain, the XCOINX Administrators allegedly increased OneCoins in mines in Bulgaria, Hong Kong, and whatnot.
After the XCOINX Ponzi setup became public, Defi P-2-P networks attempt to fortify their niche against scams from the Ruja Ignatova’s cohorts. But before the leech can be pricked, it already sucked some USD 267.5 million from undiscerning investors in China alone. One of the core scammers in the online racket, Ruja’s brother, is currently serving prison sentences for fraud-related charges.
Currently, all attempts to boost OneCoin or invest in the Ruja Ignatova-foreseen package have been futile. Based on this, we can conclude that the OneCoin Price 2021 is zero.
Despite ensuing federal investigations from many countries, some crypto traders retain a queer interest in OneCoin. In 2018, they project the coin tallies 27 to 1 BTC. However, this turns out to be a major roach in crypto token price prediction. Here’s why:
Professional traders point out that the OneCoin token is non-existent and worthless on any blockchain. The owners offered the fake coin to unsuspecting traders who paid them in fiat. Later, the OneCoin Founders made away with their fiat stash, leaving their clients disappointed and defrauded.
Also, some facet of OneCoin Price 2021 forecasters project that the coin still has some value if only as an asset that is Subject to Contract (STC). To buttress their point, they would point out that other tokens have the STC status and are still legal.
OneCoin is worthless on any Defi platform, to begin with. So, there is no point in trying to predict its value on any STC legal sketch. Chances are that those peddling the story are trying to scam people into buying a coin that does not exist.
To round up our article about the OneCoin Price 2021, below are a few important points to note:
The OneCoin Price is not subject to real market instruments. Its values derive from a Ponzi scheme run by fugitives from the law.
Also, the token is not a true digital token since it is valueless on any Defi Exchanges platform. Cryptocurrency traders generally avoid the coin since it serves no purpose.
Lastly, OneCoin has zero value as of 2021. Please, share any information you have about this coin with us in the comment section.