Is Bytom Coin a Scam? Bytom Coin Detailed Analysis & Review in 2022.

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In this article, we are going to do our analysis and review of Bytom Coin. This is what will be covered in this article:

  • What’s a Bytom Coin?
  • What Makes Bytom Coin So Special?
  • Founders, Team, and Roadmap of Bytom Coin
  • Bytom Coin Price Forecast and Growth Potential for 2022 and Beyond
  • Tokenomics: Bytom Coin
  • Bytom Coin—Final Conclusion.

This analysis and review of Bytom Coin is completely based on the fundamentals as mentioned above. Make sure to share and read the whole article to understand our analysis of Bytom Coin.

There are more than 19,000 cryptocurrencies in the market today. It’s very difficult for newcomers to crypto to decide which crypto to invest in and which to avoid. That’s why we are going to review Bytom Coin today.

Fundamentals is Indeed the Most important Thing for a project, Everything else comes after that. Whether it be technical analysis or price predictions. We have done quite a few reviews of other crypto as well, check it out here.

So, let’s begin


What’s Bytom Coin all about?

Bytom is an open-source value trading platform that is built on blockchain technology. Tokenization is planned for real-world assets like as stocks, bonds, and dividends, among others. Anyone has the ability to freely manufacture assets and transfer them when using the Bytom blockchain.


Overview of the Bytom Coin platform’s features

  • Bytom has created a wide range of additional products and services, in addition to the blockchain technology that it uses.
  • Bystack is an ecosystem that includes a DeFi protocol called MOV, an open cross-chain gateway called OFMF, a BBFT + DPoS Vapor (a high-speed sidechain), Blockmeta (a data service provider), Bycoin (a mobile wallet), and Byone (a Chrome extension wallet).
  • Bytom is responsible for the development of the DeFi protocol. MOV is the result of the combination of a loan protocol and a trading protocol. M
  • OV is able to accommodate a wide range of different financial products because to the technology of Layer 2 sidechains. There is a strategy in place for the MOV protocol’s long-term development.

Ratings

  • Concept – Below Average
  • Fundamentals – Average
  • Scam Index – moderate

Summary

Bytom Coin is an average Crypto Based upon Concept of Bytom Coin. Based on our research and analysis, we Dont Think Bytom Coin have any Uniqueness which could lead to adoption of Bytom Coin and Ultimately Increase the price of Bytom Coin. The fundamentals of Bytom Coin Looks Average, There are better Similar cryptocurrencies Available with Better Fundamentals.


Founders, Team, and Roadmap of Bytom Coin

Bytom Coin does have a good team but as per previous historical data of Bytom Coin, Based on Our research and analysis it Seems like Bytom Coin Team Were unable to Deliver (so far) What was initially aimed and the vision of Bytom Coin.


Bytom Coin Price Forecast and Growth Potential for 2022 and Beyond

Bytom Coin Team is actively Building the Platform and There are future Upgrades and developments coming up in 2022 and 2023 While the Historical Price data has been In downtrend for quite long time now

Thats why we do not see Bytom Coin Breaking the Downtrend Near soon leading us to this conclusion that we Dont Recommend Investing in Bytom Coin in 2022 Due to Several Factors including Fundamentals and Historical Price Movements of Bytom Coin.

Below look at the Bytom Coin Price chart For More detailed Understanding :


Ratings

  • Team – Average
  • Roadmap – Average
  • Future Price Potential – Low

Summary

Bytom Coin has Low Potential for Price to Reach New All Time Highs due to Many Factors, Bytom Coin Lacks Great Fundamentals, Team and Roadmap as well, THe future does not look Really Great for Bytom Coin. The price potential For Bytom Coin is low which makes it not worthy to invest in 2022 for long term. Historical Price data shows that Bytom Coin Price has been In downTrend.


Tokenomics

During Writing, Bytom Coin is currently trading at about 0.012834 USD and is down around 0.14% in the last 24hrs with a volume of around $9,52,013 Bytom Coin has a market cap is 2,26,34,265 USD

The total number of Bytom Coin coins in circulation is 1,76,36,43,581. The total number of coins in circulation is 2,10,00,00,000.


Overall Ratings

  • Concept – Below Average
  • Fundamentals – Average
  • Team – Average

Conclusion

Based on our analysis, we do not expect Bytom Coin to perform well in the upcoming months and years due to several factors discussed above including historical price. The future price potential for Bytom Coin is low, leading us to the conclusion that it is not worth taking the risk of investing in Bytom Coin for the long term. There are better cryptocurrencies available which have the potential to grow exponentially in the upcoming months and years. So, better avoid investing in Bytom Coin.

Important Note

This article is not intended to imply that Bytom Coin is a scam cryptocurrency; rather, it is intended to provide readers with our research and analysis on Bytom Coin. However, Fundamentals may Change In future and This Article Will Be Updated as Bytom Coin Develops. As always, We recommend Readers To do their Due diligence Before Investing in Any Cryptocurrency.


FAQs

Is Bytom Coin a scam or not?

Through This Article, We do not Conclude that Bytom Coin is a Scam Cryptocurrency, This Article Is Meant to Provide Readers Our Research and Analysis of Bytom Coin. as Always DYOR.


Where to Buy Bytom Coin ?

Currently, the best exchanges to buy Bytom Coin is binance Exchange. Bytom Coin is available on many well known crypto exchanges.


Is Bytom Coin a Good Investment for 2022?

Based on our analysis, Bytom Coin Does not Look Like It Will Perform Very Well in 2022. Hence, We do Not recommend Investing in Bytom Coin in 2022 for Long term.


Price Prediction for Bytom Coin in 2022?

Based on fundamentals, the Bytom Coin price Might hit 0.02$ in 2022. while its better to note that the likelyness of Bytom Coin Hitting 0.02$ is low.


Price Prediction for Bytom Coin in 2023?

According to fundamentals, the Bytom Coin token is expected to reach 0.0419$ in 2023. while its better to note that the likelyness of Bytom Coin Hitting 0.0419$ is low.


Price Prediction for Bytom Coin in 2024?

Bytom Coin is expected to reach 0.1$ in 2024, according to fundamental analysis. while its better to note that the likelyness of Bytom Coin Hitting 0.1$ is low.


Price Prediction for Bytom Coin in 2025?

Bytom Coin is expected to reach 0.3$ in 2025, according to fundamental analysis. while its better to note that the likelyness of Bytom Coin Hitting 0.3$ is low.


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Disclaimer

This material is primarily for the aim of educating the reader. It does not constitute a formal offer to buy or sell anything, nor does it constitute a recommendation or endorsement of any specific products, services, or enterprises. Cryptonks.com does not provide any financial, legal, or accounting advice to its visitors. Neither the firm nor the author shall be liable for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in this post, whether directly or indirectly, whether in contract or tort (including negligence). Viewers should perform their own research before making any type of investment in a cryptocurrency.