MyBit MYB Token Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quarters

Quick Facts

MyBit is a small cryptocurrency. In early October 2020, it had a market capitalization of over US$ 505 thousand, accounting for less than 0.01 percent of the market for crypto assets.¹^|2 MYB is its ticker symbol.

MyBit was introduced by the user DApptothefuture via bitcointalk.org on 20 February 2017. The collection of real-time trading data by coinmarketcap.com subsequently began in September 2017.

mybit.io

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, the average trading volume of MyBit during the first trimester of 2019 equated to just above US$ 2,400 per day. Over the same time frame the year before, this figure came to nearly US$ 147 k. In other words, the previous/prior volume growth has almost entirely receded.

The average market capitalization during the first trimester of 2019 equated to over one m. This figure came to nearly US$ 19.4 m during the same time frame in 2018. The corresponding drop down in market capitalization was 94.7 percent.

Trading Price

The all-time high of MyBit in 2018

MyBit MYB Price analysis generated by coindashboards.com — Price analysis for the most important moments in MyBit’s trading history (MYB)

The price of the MyBit currency reached a peak in January 2018 at nearly US$ 17.9. The equivalent market capitalization of the token reached over US$ 24.9 million. This put MyBit in the ballpark of certain other digital currencies, such as Leading Coin 4 Entrepreneurs, Donu, Playkey, Myriad and Primas, among others.

MyBits all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 190 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 854 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 114 billion.

MyBit (MYB): 0.025 bn US dollars
Bitcoin (BTC): 190 bn US dollars
Apple (AAPL): 854 bn US dollars
VW (VWAGY): 114 bn US dollars
Date: 29 January 2018

More Details

The MyBit-Token is not a native cryptocurrency and is not generated via mining. It has no maximum number of tokens, unlike HedgeTrade, for example. If you are interested in the source code, be sure to also visit the GitHub page.

Block height and other recent metrics around current MyBit transactions can be traced through this block explorer.

To find out more about MyBit, download the white paper or find more links to community forums, source code and social media accounts, visit mybit.io.

Markets

MyBit MYB Market analysis generated by coindashboards.com — Markets on which MyBit (MYB) can be traded

USD

One trading platform for buying or selling MyBit in USD is ProBit Exchange.

BTC

One trading platform for buying or selling MyBit in BTC is ProBit Exchange.

Social Links

You can contact the MyBit team directly by visiting the following social media channels:

^{1. Or 0.0003 percent, if omitting Bitcoin.}

^{2. Read about our sources}