Investing in cryptocurrency is trending these days. People who have no idea or interest in investment are investing in cryptocurrency. And most of them are trying to invest in a coin where there is much more potential. And Diamond Boyz is one of them where there is a potential to make a lot of profit, but it is a long time investment you should know. Right now, the DBZ coin price is $0.001878, with a trading volume of $59.68.
DBZ Coin
First of all, the name of the coin is the Diamond Boyz Coin. If you want to buy or trade this coin, then the best-exchanging platform is PancakeSwap (V2). As you know that UnicornSwap is an Ethereum Blockchain-based exchanging platform. The same goes for the PancakeSwap, as it is based on the Binance Blockchain.
The token was founded in June 2021. As you already know that the token is BEP20-based, and it uses the BNB Smart Chain. The focus of the token is to fill the gap between blockchain technology and the real world. The founder of the token is Johnny Dang. And he has a relationship of 20 years with different influencers. So, even if the coin is new in the market, a rise in price is not a hard thing to do.
DBZ Coin Tokenomics
Yes, the trading volume is only $59.68 in the last 24 hours. And the current DBZ coin price is $0.001878. In the last 24 hours, the price of the coin has decreased by 4.77%. We have seen through a couple of websites, and the best one is CoinMarketCap. According to this platform, the coin is ranked in the 6758th position.
There is a total of 1,000,000,000 DBZ coins circulating in the market. But we are unable to collect the live market cap and circulating supply. We have reviewed and searched for several websites, but there is no possible way to know about that.
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DBZ Coin Vision
There are coins that focus on online gaming, there are tokens for e-commerce, and there are tokens that have their own niche. But the DBZ coin focuses on the jewelry sector. There are various celebrities who have shown interest in the token. So, you can say that this coin is a link between the jewelry industry and cryptocurrency.
So, when you are swapping NFTs, you can use the DBZs native toke. Right now, the company is developing its native exchange, which is Diamond Swap. And it is a custom-coded marketplace. You will also find various concerts, or you can say NFL collections.
DBZ Coin Future
The platform is in its initial stage. The Diamond Swap is still increasing its popularity, and there are a lot of advanced features for users that the company is claiming. People can get both jewelry and entertainment at the same time with the platform. So, what will you find now? There are authentic jewelry transactions and NFT concert collections, and you can also get into the tech-built industry.
But, if we try to identify the future and the vision of the company. Then we have to face a lot of trouble in interpreting. Because the platform has an experience of only one and a half years. The initial development is still in progress, and it will take a minimum of two to three years. But, as you can see, the price is low, and there is no significant rise in the price.
DBZ Coin, Invest or Not
As you are already aware of the basic things about the platform, coin, and company information. Now the question is whether you should invest in this token or not. So here is the detail of the good and bad sides.
First of all, you need to understand that the platform is still in its beginning stage. The DBZ coin price is low, and if you can spend $1, then you can get around 550 DBZ coins. So, investing $1 is not a big deal. Suppose after three or five years, the coin’s price increases to $1. Then there will be a total of $550 you can make. What do you think? Do you have patience?
Now, the second thing is that this is the first platform that aims at the jewelry industry. And there is no other industry that is in the jewelry industry, so as a pioneer, this platform has a better opportunity. If you see and compare other platforms, then you can see that at the initial level, most tokens’ price is very low. So, there will be a huge opportunity.
Thirdly and most importantly, the founder has an experience of almost twenty years in the market. So you can have faith in the platform because of the company and founder’s background. Also, the platform’s aim is the tech industry. So, you don’t have to worry that if the jewelry industry doesn’t work, then what will happen? In that case, the other industries will cover the marketplace.
On the other hand, you need to understand that the cryptocurrency market is volatile. And there is no surety that you will get a profit. So, you need to be careful about the investment. The crypto market has a lot of differences from other investments. Most of the time, other investments will give you a profit for sure.
But here, there is no confirmation the price of the token will rise. In this case, DBZ Coin price can be $0 after a couple of months. On the other hand, the price can rise to many dollars. You should also understand that there is information that is missing, such as live market cap and circulating supply. So, there is a question mark also.
Our Verdict
No matter what, a dollar or two investment in a specific coin will not harm your financial situation. But, if you want to make a lot of money in a quick time, then I will suggest you choose this coin. There are people who hold a token for one or two days and then sell it to make a profit. But in this case, there is no clear data to tell that.
Thank You.
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