Get comparisons, analyses and forecasts for stocks, ETFs & funds
ParkByte (PKB.X): Buy The Dip?
In today's cryptocurrency training, there are a number of coins that marked a double-digit loss. 10 altcoins lost over 30%--most of which are in the sub-penny range.
We're focused on those cryptos that are in the penny-plus range and are highlighting those that have caught speculators' attention.
The one 'loser' where there may be a mean-reversion trading opportunity is ParkByte (PKB.X).
ParkByte is a cryptocurrency which big goal is to become a defacto method of payment for parking. Its market cap is in the millions.
The idea here is to give car park operators an efficient, easy-to-use platform for parking payments. As such, ParkByte focuses on processing parking transactions.
Currently, parking can be paid via many ways, but there is not a crypto method yet.
Over the last 3 months, ParkByte lost more than 80% of its value.
With the latest drop, there might be a mean reversion trade opportunity, perhaps for a short term. Ready for a very risky value proposition?