What Value Does the Bibox Token (BIX) have?

Strangely, Mr. Market likes a cryptocurrency trading platform when cryptocurrency exchanges are collapsing or shutting down.

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To explain, CoinMarketCap estimates the Bibox Token (BIX) was the most trending cryptocurrency on 11 July 2022. Bibox calls itself the first AI (artificial intelligence) Digital Asset Trade Platform . In particular, Bibox offers spot grid cryptocurrency trading.

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Yet, on 22 June 2022, Coinbase (COIN) announced the closure of CoinBase Pro. CoinBase Pro is a professional trading platform . However, CoinBase is still serving high volume customers through an Advanced Trade section.

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Is Cryptocurrency Trading Still a Viable Business?

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Hence, speculators think cryptocurrency trading is still a viable business, a month after the Great Crypto Crash of 2022.

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Mr. Market still buys cryptocurrency trading platforms after the cryptocurrency market lost almost $2 trillion in eight months. The Total Cryptocurrency Market Capitalization fell from $2.904 trillion on 9 November 2021 to $869.430 billion on 12 July 2022 CoinMarketCap estimates.

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Is this a smart move? Perhaps. People still spend enormous amounts of money on crypto trading. For example, Tether (USDT) had a 24-Hour Trading Volume of $40.878 billion and Bitcoin (BTC)?had a 24-Hour Trading Volume of $25.708 billion on 12 July 2022.

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Two cryptocurrencies had a combined 24-hour Trading Volume of $66.586 billion on 12 July 2022. Hence, a lot of money is still moving through the cryptocurrency markets. Cryptocurrency trading is still big business after a $2 trillion crash.

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What is Bibox (BIX)?

Bibox operates a platform that offers several kinds of cryptocurrency?trades. For instance, Bibox offers both leveraged and unleveraged trading . In leveraged trading, Bibox extends credit to cover the cost of trades.

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Similarly, Bibox allows users to trade both futures and cryptocurrencies. Additionally, Bibox offers theme trading in which speculators can trade in particular areas such as DeFi, Metaverse, NFTs, Gaming, Layer 1 and Layer 2, Polkadot, Storage and Web 3.0. Theme trading creates pairs that focus on those popular trading areas.

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Bibox Trading Bots

Interestingly, Bibox offers what it calls AI-powered trading bots . The bots are digital robots that execute AI trading strategies. One of those strategies is grid trading.

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In grid trading , Bibox automatically executes some trades for users. Grid trading uses bots that automatically buy low and sell high. In Bibox’s USDT-M Neutral Futures Grid, bots try to short Tether (USDT)?when it goes up, and bet long on USDT when Tether prices are low.

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Another bot allows click hedging to protect assets from inflation. A USDT spot grid uses Tether as margin trading, a coin swap grid allows bots to swap cryptocurrencies. An infinite grid tries to predict and profit from bull and bear markets. There is also an automatic investing tool that tries to outperform investment professionals.

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A copy trading tool copies the trades and strategies of successful traders or speculators.

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Other Bibox features include Bibox Lab, an incubator for blockchain projects. Selected hot quality token launches, Bibox college which offers blockchain education, and a brokerage.

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Mr. Market’s interest in the Bibox Token (BIX) does not translate into value. CoinMarketCap gave Bibox a 2.429? Coin Price on 12 July 2022.

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CoinMarketCap gave Bibox a Market Capitalization of $2.075 million, a $5.725 million Fully Diluted Market Cap, and a 24-Hour Market Volume of $23.265 million on 12 July 2022. They base those numbers on a Circulating Supply of 85.431 million BIX and a Total Supply of 235.972 Bix. Bibox was CoinMarketCap’s 1185th?largest cryptocurrency on 11 July 2022.

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In contrast, CoinBase gave Bibox a 2.51? Coin Price, a $2.1 million Market Cap, and a $20.3 million 24-Hour Market Volume on 12 July 2022. They base those numbers on a Circulating Supply 85.4 million BIX. I consider Bibox an extremely unstable cryptocurrency, because it had an all-time high Coin Price of $4.08.

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If you are seeking a cryptocurrency trading platform, that could make money. I think Bibox is worth examining. Cryptocurrency and cryptocurrency trading are far from dead. Smart investors and speculator will understand that cryptocurrency lives and cryptocurrency could be profitable.