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Viberate (VIB)

Market Cap

$5,777,114 USD

Volume (24h)

$953,525 USD

3.6
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Viberate Markets Rank: 5/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Viberate Volume Ratio Rank: 17/100

  • Market Cap

    The total cost of all coins available.

    Viberate Market Cap Rank: 79/100

  • 24h Change

    Is the price moving up or down?

    Viberate 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    Viberate Social Following Rank: 86/100

  • Google Trends

    How many users are searching for the coin?

    Viberate Google Trends Rank: 17/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Viberate Twitter Citation Rank: 7/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Viberate User Voting Rank: 87/100

Viberate investment analysis

Your Viberate investment will coincide with a live music application meant to connect artists and booking agents. While it's questionable whether or not this system actually needs its own token, what's interesting about it is that the company behind it already has a huge database to fuel the ICO.

When many other projects are starting from scratch and don't really have anything to show for themselves other than their hands out asking for investors funds, this is refreshing.

The asset itself is meant to facilitate payments between everyone in the music industry. Artists, promoters, bookers, and others can utilize this token to buy and sell their services. Unfortunately, there's a ton of other cryptocurrencies that could also facilitate this that have wider adoption than this token.

The music industry also works painfully slow, and it will be very difficult to get these professionals to adopt any new methods of payment, especially an obscure token.

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current price
$0.03331
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.

+773.8%
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.

$0.291062
Rankings

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

188/877
by Safety
67/877
by Profit
historical data

How to buy Viberate?

Investors can easily buy Viberate on a wide variety of exchanges. This is both convenient and a good sign of the health of this asset. The trading volume is quite healthy, and investors can even purchase this token using a variety of trading pairs. Bitcoin is top dog as far a liquidity is concerned, but there's also some room in ETH, USDT, and BNT if you'd prefer to use any of those options.

This is an ERC20 token. Interested investors will need to use an Ethereum style wallet in order to store their investment. Before sending funds to a wallet it's important to make sure that you're using reputable options such as Meta Mask or Coinomi. There are many scammers out there looking to steal your money, and fake wallets is one of the numerous ways where this is done. This is especially common in Android applications, and some of the ones on the Play store are not legitimate. Be careful out there!

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Is it safe to invest in VIB now?

The Viberate analysis is only so so in most areas. While they are rated highly in the market cap section, their trading volume information doesn't seem to back this up. For this reason, our algorithm has given them a lower safety rating, and investors may want to do thorough research before putting any money here. While their platform may provide a very valuable service, it's questionable whether the underlying asset will actually be able to appreciate in value with it.

If you invest in VIB, then you should take a moment to explore all the other options in this space as well. There are many competing music industry cryptocurrencies, and this one does not really seem to hit the mark. It seems to be aimed more at professional level music industry players who are unlikely to want to utilize a service such as this.

Competing cryptocurrency Musicoin instead targets independents looking to earn more money for their tunes, and that platform seems aimed a little more in the right direction considering the nature of cryptocurrencies.

In closing, while it seems like a nice idea the use case for the asset is flimsy, and adoption will likely be very difficult in this particular market where there's a little bend in the rules surrounding compensation. Investors should place their bets cautiously and be sure to always diversify in case one particular investment does not quite work out as planned.

VIB could go either way, and it's hard to say where the industry will land on cryptocurrencies. If nothing else, the transparency will likely be a welcome change for artists who are used to getting the short end of the stick on payments.

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