MyBit Token (MYB)

Market Cap

$1,589,833 USD

Volume (24h)

$33,928 USD

2.6
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    MyBit Token Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    MyBit Token Volume Ratio Rank: 2/100

  • Market Cap

    The total cost of all coins available.

    MyBit Token Market Cap Rank: 66/100

  • 24h Change

    Is the price moving up or down?

    MyBit Token 24h Change Rank: 51/100

  • Google Trends

    How many users are searching for the coin?

    MyBit Token Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    MyBit Token Twitter Citation Rank: 1/100

  • User Voting

    How popular is this coin among Cointobuy community?

    MyBit Token User Voting Rank: 83/100

MyBit Token investment analysis

MyBit Token is a platform for alternative investing in IOT devices. Their platform utilizes smart contracts which will allow for software providers and investors to interact with each other without the need for middlemen.

Developers can use the platform to crowdfund their machines, and in return for seed money, the investors will be given a percentage of the money that this AI produces for their owners. The smart contract not only allows for proof of ownership between different parties, but it can also automatically pay them their percentage of the proceeds from operations.

Their technology can be applied to a variety of different applications, particularly in the sharing economy niche. However, investors should be aware that this asset is currently going through an asset swap. Prices for coins or tokens can become artificially inflated during these times, and those looking to make a MyBit Token investment should be careful. The circulating supply of the asset will also be increased by a large margin, which may further cause a correction in price.

current price
$0.021899
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.

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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.

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Rankings

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

historical data

How to buy MyBit Token?

The offering of exchanges upon one can buy MyBit Token is unfortunately quite small. While they have a few listings, there's really only one viable option since the volume is not very evenly spread out. That means that your only option for a medium of exchange is Ethereum, and if you're used to trading in Bitcoin, then you'll need to make a swap before proceeding. Fortunately, there does seem to be enough trading volume to make an easy trade here.

This is an ERC20 token, and that means that you'll need a compatible Ethereum asset wallet in order to safely store your investment. There are plenty of great choices for this, which can include popular options like Coinomi's iPhone and Android wallets or Meta Mask, a browser-based wallet for Ethereum assets. In any case, make sure to backup your wallet or your seed phrase for safe keeping. If your host device is damaged, you'll need this to regain access to your funds.