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Obscure Token Tuebor Jumps 10% in 24 Hours

With Tuebor (TBR) taking the 5293rd position on the coin market, we are greeted with a fresh arrow of news today. We have observed such a price hike of 9.96% in the last 24 hours, with the coin currently being traded at $0.00447. however, some crypto enthusiasts are already eager to give it a try, ignoring the fact that the market size of the coin is so small.

Tuebor’s valuation comes down to just $4.47 million, meaning it is now one of the microcap cryptocurrencies after the recent news. This valuation, which is the same as the so-called fully diluted valuation (or FDV), claims that there are no more planned tokens that may be a part of the circulation anymore. The project claims to have developed a full and maximum supply of 1 billion TBR, out of which all tokens are said to be circulating according to the self-reported data.

TBR has seen trading of a mere $15,590 in the past 24 hours, resulting in a volume-to-market cap ratio of only 0.3488%. It points out that the higher the liquidity, the less likely even small trades would have such a high negative impact on the token’s price, thus making it more stable and controlled from that perspective.

TBR’s recent rally brings up the question of what prompted such a sudden interest. The rapid increase in the token’s price due to speculative trading or a coordinated buying spree among a small group of traders following the absence of data with regard to the project’s use case or fundamentals could be the culprit.

Any investor must be very careful in trusting Tuebor. The ranking, low volume of trading, and complete lack of recognition expose this token as a high-risk investment. The cryptocurrency arena’s propensity toward tremendous price swings intrigues investors, and projects with low visibility (like the one discussed here) are easier targets for pump-and-dump scams or infamous price phenomena.

Even though it may be really attractive, the risks associated with investing in low-cap, illiquid tokens that are not already common on markets are always understated. Prospective investors need to do good research, grasp the basics of the project, and be ready to accept the situation when their investments get trimmed down.

To sum up, the latest Tuebor price activity could be seen as a reflection of the diverse and often unexpected nature of the cryptocurrency market. The exclusive tokens that go through swift price hikes and declines are a result of doing good research and risk management in the world of crypto. Nonetheless, this must still be the case for them.

  • bitcoinBitcoin (BTC) $ 78,330.00 5.01%
  • ethereumEthereum (ETH) $ 1,551.72 11.93%
  • tetherTether (USDT) $ 0.999511 0%
  • xrpXRP (XRP) $ 1.88 9.61%
  • bnbBNB (BNB) $ 551.57 4.98%
  • usd-coinUSDC (USDC) $ 0.999964 0.01%
  • solanaSolana (SOL) $ 105.61 8.17%
  • tronTRON (TRX) $ 0.227786 4.86%
  • cardanoCardano (ADA) $ 0.571911 8.56%
  • staked-etherLido Staked Ether (STETH) $ 1,548.38 12.09%
  • the-open-networkToncoin (TON) $ 3.00 9.31%
  • avalanche-2Avalanche (AVAX) $ 16.38 4.33%
  • bitcoinBitcoin (BTC) $ 78,330.00 5.01%
  • ethereumEthereum (ETH) $ 1,551.72 11.93%
  • tetherTether (USDT) $ 0.999511 0%
  • xrpXRP (XRP) $ 1.88 9.61%
  • bnbBNB (BNB) $ 551.57 4.98%
  • usd-coinUSDC (USDC) $ 0.999964 0.01%
  • solanaSolana (SOL) $ 105.61 8.17%
  • tronTRON (TRX) $ 0.227786 4.86%
  • cardanoCardano (ADA) $ 0.571911 8.56%
  • staked-etherLido Staked Ether (STETH) $ 1,548.38 12.09%
  • the-open-networkToncoin (TON) $ 3.00 9.31%
  • avalanche-2Avalanche (AVAX) $ 16.38 4.33%