Trends Exchanges ICOs Countries Tips How does it work?
Sign Up Login

LBRY Credits (LBC)

Market Cap

$10,385,551 USD

Volume (24h)

$56,975 USD

3.3
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    LBRY Credits Markets Rank: 4/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    LBRY Credits Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    LBRY Credits Market Cap Rank: 85/100

  • 24h Change

    Is the price moving up or down?

    LBRY Credits 24h Change Rank: 47/100

  • Social Following

    How many users are following this coin?

    LBRY Credits Social Following Rank: 93/100

  • Google Trends

    How many users are searching for the coin?

    LBRY Credits Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    LBRY Credits Twitter Citation Rank: 14/100

  • User Voting

    How popular is this coin among Cointobuy community?

    LBRY Credits User Voting Rank: 89/100

LBRY Credits investment analysis

LBC is a decentralized marketplace where content creators and consumers can interact freely, without the intervention of centralized providers who many restrict what content is allowed to be posted. Consumers can browse content freely while eliminating all ads by contributing a small amount of coins.

Content creators no longer need to worry about being demonetized, and they receive a larger piece of the pie than they would with other platforms like Youtube. Thanks to cryptocurrency micropayments - artists, comedians, animators, and others can be paid for views or downloads instead. The platform has also created something called "Youtube Sync" which smartly allows for Youtubers to easily upload their content to LBC for additional earning potential.

There's only one problem with your LBRY Credits investment, and that's how users access videos and downloads hosted on their platform. Everything must be accessed through a peer to peer client, and while that's great for keeping things from being taken down, it's very difficult to get people to download and use something like this.

People are now accustomed to streaming everything. They won't even download music anymore, and that could be a big problem for this project.

Buy Now
current price
$0.056422
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+843.3%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.532246
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

259/877
by Safety
21/877
by Profit
historical data

How to buy LBRY Credits?

Investors can buy LBRY Credits on only a handful of exchanges, but they are very reputable options. The trading volume for this asset is also quite good, and that means that you'll be able to quickly and easily execute a trade and for a fair price. Bitcoin is the largest trading pair here, but there's also some volume within the US Dollar Tether pairing if you would prefer to utilize that.

In order to store your coins, you can choose to either use the built-in wallet that resides within the platform of this currency or you can instead utilize a third-party wallet. Coinomi has an LBC integration, and if you don't have any intentions of using the platform as a creator, then you can safely store your funds here instead. No matter which option you decide to use, it's important to back up your wallet file or seed phrase in the event that your host device is damaged, lost or stolen. This will be the only way that you can regain access to your funds.

Buy Now

Is it safe to invest in LBC now?

The LBRY Credits analysis tells us that this project is doing very well in regards to social media. This platform was widely hyped previously, and they enjoyed some massive boons when it comes to followers.

Unfortunately, their trading volume seems to have fallen off a bit. Adoption for a platform like this takes a long time, and cryptocurrency investors are not traditionally very patient.

The team does, however, work hard to keep people updated, and they continually push their efforts to grow the project and increase its adoption. This includes putting themselves into areas like Reddit where their target users are likely to be, and it's a great strategy that could pay off for them.

If you plan to invest in LBC however, you should realize exactly how monumental of a task this is. Youtube is enormous, and they have a very large reach. Youtubers are not on Youtube because they like the site. They are there because that's where the traffic is, and that's how they can cultivate an audience.

Unfortunately, this is also an area where LBC will be lacking. Since all of the content is accessed using a peer to peer software, there are no search engine listings. That means it's hard for people to find the project itself and what is contained within it.

OpenBazaar, a similar marketplace focused more on physical goods does have a mirror that allows for items to be viewed online, and then users are directed to download the platform to participate in the marketplace. While this could work for LBC, will users go to these lengths when they could simply pop over to Youtube and stream their content with no downloads?

Creators will be hesitant to leave Youtube behind since it likely gives them a large portion of their income, and allows people to search for them. This could be a big problem for LBRY Credits.

Leave your comment

Comments (0)

In order to leave a comment
please enter the website
Sign Up Login