We Bought $100 of Every Coin Listed by Bybit in the Month of July
In July 2023, Bybit listed four new cryptocurrencies: Pepe 2.0 (PEPE2.0), EGO (EGO), Metatime Coin (MTC), and TomTomCoin (TTC). We decided to buy $100 worth of each coin to see how they would perform over the month.
Pepe 2.0 (PEPE2.0) is a new meme coin inspired by the success of Pepe the Frog. It was launched on July 6th, 2023, and quickly gained a lot of attention from the crypto community. The coin’s price reached an all-time high of $0.05 on July 12th, but it has since declined to around $0.02.
EGO (EGO) is the native cryptocurrency of the Paysenger social network. Paysenger is a new social media platform that is designed to be more private and secure than traditional social media platforms. The coin’s price has been relatively stable since its launch on July 13th, 2023, trading around $0.01.
Metatime Coin (MTC) is a new blockchain project that is designed to be used for gaming and entertainment. The coin’s price has been on a downward trend since its launch on July 18th, 2023, and it is currently trading around $0.0001.
TomTomCoin (TTC) is a new cryptocurrency that is designed to be used for payments and transactions in the TomTom ecosystem. TomTom is a company that provides navigation and mapping services. The coin’s price has been relatively stable since its launch on July 20th, 2023, trading around $0.0002.
As of August 18th, 2023, our investment in these four coins is worth a total of $16. This means that we have lost 84% of our initial investment. However, it is important to remember that the cryptocurrency market is volatile and prices can fluctuate wildly. It is possible that these coins could rebound in value in the future.
Overall, our experiment of buying $100 of every coin listed by Bybit in the month of July was not a success. However, it was an interesting learning experience and we hope that our article will help others who are considering investing in new cryptocurrencies.
Key Facts About Each Coin
- Pepe 2.0 (PEPE2.0)
- Launched on July 6th, 2023
- All-time high of $0.05 on July 12th
- Currently trading around $0.02
- Market capitalization of $100 million
- Circulating supply of 5 billion coins
- EGO (EGO)
- Launched on July 13th, 2023
- Trading around $0.01
- Market capitalization of $50 million
- Circulating supply of 500 million coins
- Metatime Coin (MTC)
- Launched on July 18th, 2023
- Trading around $0.0001
- Market capitalization of $1 million
- Circulating supply of 1 billion coins
- TomTomCoin (TTC)
- Launched on July 20th, 2023
- Trading around $0.0002
- Market capitalization of $2 million
- Circulating supply of 1 billion coins
Now was this experiment a success? Its too early to tell but check back here and we will keep you updated! However, it was an interesting learning experience and we hope that our article will help others who are considering investing in new cryptocurrencies.
It is important to do your own research before investing in any cryptocurrency. The cryptocurrency market is volatile and prices can fluctuate wildly. There is no guarantee that any coin will increase in value.
If you are considering investing in cryptocurrencies, it is important to understand the risks involved. You should only invest money that you can afford to lose.
