The fluctuations in the world of cryptocurrency are common, but recently Rubycoin A project has come out by the name, which is being discussed a lot. The reason behind increasing the discussion about this is quite shocking, that is that there has been no change in the price of this token for the last 24 hours and 7 days. According to coinmarketcap, its price remains stable at $ 0.7664.
Not only this, Rubycoin’s market cap $ 0 and 24 -hour trading volume is also visible $ 0, which produces many douts about it. The Crypto Market is usually considered a fairly unstable market, with the price fluctuations every hour. At the same time, it is considered unusual and suspicious for any token to remain at the same price for so long.
Increased from previous scam projects, suspicion about rubycoin
The douts that are coming out about Rubycoin are not like this. Rather, in the past, many such fake crypto projects have emerged which have caused heavy damage to common investors. For example, recently a token had surfaced, taking advantage of the popularity of a big company like Microsoft, entered the market using its name and in a few hours the token also achieved a growth of 14,000%. But later its truth came to light and its price fell very fast.
Similarly, some tokens were launched on Solana Blockchain by names like “Operation Sindoor” and “Pahalgam” after India airsch on Pakistan. Those who had aims to take advantage of the spirit of patriotism and implicate the investors. But later it became clear that it was scam tokens.
Cryptocurrency Due to similar scam, now the same fears are being expressed about Rubycoin that this is also not a scam project. Because if a token remains without a trading volume and without a price movement for a week, it is an indication that either there is no real utility or it can be part of a scam project.
What does the official information of RubyCoin say?
Rubycoin is a digital cryptocurrency that describes itself as based on “safety, speed and trust”. It was launched in 2014 and works on its own blockchain. It also uses the proof-of-statue system.
At the same time, according to official information, it also has some special features such as “Parking Wallet”, where users can transfer their tokens but it is necessary to hold them for a fixed time. In return, holders get bonus rewards.
However, there is no clear information about the developers team of Rubycoin and there is no current update on its website or social media. In some reports, it is also described as “air coin” and a possible Ponzi scheme. Therefore, investors should keep in mind that they must do research well before putting money in it.
Conclusion
Depending on the current data, it is difficult to call Rubycoin a safe project. Because its price stability, zero market cap and no trading volume raises serious questions about it. Also, there is a shortage of transparency associated with development or team.
At the same time, when the scam cases are increasing in the crypto market today, it is necessary to be vigilant about tokens like rubycoin. If you are an investor, it would be better for you to do well research before investing in such a token.
