I enjoy researching new cryptocurrencies in search of the next bitcoin or ether believing that there will be a cryptocurrency that emerges that is better than our current monetary system using national currencies. The problems with Bitcoin are its high cost and slow transaction speeds and I have been trying to find alternatives that achieve low cost and fast transaction times no matter how large the network gets. Cybermiles touts that it can be a successful e-commerce marketplace using its token Cybermiles on its own blockchain. If this is true then Cybermiles has the potential to be very successful as very few tokens have achieved success on these two measures.
Even if it can achieve its claims of being able to operate at low cost and with fast transaction times when its network is huge it still does not guarantee success as acceptance will depend on competition and how quickly Cybermiles gains users. Cybermiles was released in the fall of 2017 and is currently valued at $0.33 per Cybermile, up 500% since it was released. At a $200 million market cap there is still much growth potential if it were to gain some market share of the global e-commerce marketplace. I have been slowly acquiring Cybermiles but this investment is very speculative and investors in it should be aware of this and as such likely only allocate a small portion of their investment dollars in it. In other words one should not invest more than 1% of their investable capital in this investment.
Good luck investing.
