Analyzing On-Chain Trading Data for Cybria Crypto: Is Investing in the CYBA Token a Good Idea?
Only altcoins can offer gains close to 20,000% in less than 2 months. Of course, such rallies are not typical; however, they are also not that uncommon. After all, we’ve seen several tokens pull off such runs in 2023 alone. And, the Cybria cryptocurrency is one of them. But even after such a massive rally, $CYBA’s market cap remains under ten million dollars. Hence, the token may still have additional room to grow. Thus, make sure to use this article as it will help you determine whether or not you should consider buying CYBA.
UPDATED 23RD DECEMBER 2023 AT 14:54
Moving forward, we’ll first make sure you all know what the Cybria crypto is. We’ll start by covering the basics of the Cybria project and take a closer look at this Ethereum Layer-2 (L2) network. Moreover, we’ll also take a glance at the project’s roadmap to see what’s in store for this L2.
Next, we’ll shift our attention to the CYBA token. This is where you’ll get to find out what the purpose of this cryptocurrency is, what its use cases are, and if the asset’s tokenomics support its further price appreciation.
Then, we’ll focus on the $CYBA price action. So, we’ll take a closer look at the token’s price chart and thus determine what levels the asset has covered so far. Furthermore, we’ll use some TA tools to outline the key levels of support and resistance for the CYBA price. Plus, we’ll also apply the best crypto charting tool – the Money Line indicator to the chart to see what it has to say about $CYBA.
In addition, we’ll make sure you learn how to use the power of Moralis Money to help you decide if/when to buy the Cybria crypto. And for those of you who may decide to get a bag of this L2 token, we’ll explain where to do so in a secure, user-friendly, and affordable manner.
What is the Cybria Crypto?
The Cybria crypto is a blockchain project that focuses on delivering a new Layer-2 (L2) network. According to the project’s official website, the Cybria network is designed to enhance the Ethereum ecosystem’s scalability and security.
Furthermore, this new L2 blockchain claims to be leveraging cutting-edge cybersecurity and artificial intelligence (AI) technologies. By using these tech advancements, Cybria promises to focus on bringing hyper-scale capabilities to Ethereum while addressing the challenges associated with current scaling solutions.
Moreover, the project also has its native cryptocurrency with the same name. Hence, “Cybria crypto” also refers to that token. We’ll take a closer look at the CYBA token in one of the following sections.
Quick Assessment of Cybria
While the price performance of the CYBA token was definitely quite impressive in the Q4 of 2023, the project’s progress is not. After all, so far, Cybria only offers a testnet network. So, the actual mainnet network doesn’t exist yet.
Moreover, after going through the Cybria crypto project’s documentation (a.k.a. “Whitepaper 1.0”), it is rather challenging to be impressed. After all, there are many sections completely empty. Plus, the docs mention the use of AI and cybersecurity tech several times. However, it is not at all clear in what exact manner Cyria plans to implement them.
For instance, the “Architecture and Roadmap” section could explain that further; however, the latter is one of the empty ones:
So, by taking a closer look at the project’s website, whitepaper, and current progress, it seems that Cybria is aiming to ride the AI narrative. Even the project’s social look more like those of some memecoin than those of the serious L2 projects.
Furthermore, while the project’s official website offers the “Team” section, it is important to note that the Cybria team members are not doxxed:
However, despite our conclusion, the team – Hector, Caleb, Jason, and Satsuki – may actually be working hard behind the scenes. And, Cybria may in fact deliver on all its promises in its vague roadmap (it has no clear timeframes):
Cybria Crypto Staking
Out of the all features that Cybria is working on, the “Cybria Staking” menu option, is the only one that actually leads to the dedicated staking page:
However, even that page doesn’t offer details about APY. As such, stakers can’t even know what to expect in return. So, before even considering staking $CYBA, make sure to reach out to the team to clarify how to use their staking feature.
What is the CYBA Token?
The CYBA token is the Cybria project’s cryptocurrency. Judging by the layout of Cybria’s documentation, CYBA is meant to be this L2’s native cryptocurrency, powering its transaction. Moreover, given that there is a “Governance” section in the project’s documentation, $CYBA may also become a governance token.
However, at the time of writing, the Cybria mainnet doesn’t exist yet, so CYBA doesn’t have its proper use cases yet. In fact, at this time, the most prominent utility for this token is price speculation. However, if the project’s staking feature actually works properly, CYBA holders may also be able to stake the asset to earn some yield.
CYBA Tokenomics
Like most other details offered by the Cybria official website and documentation, there aren’t many details about the CYBA token’s tokenomics either. However, as indicated by the above image, the project does offer the details about the asset’s total supply and buy/sell tax. But by using other blockchain analytics tools, we can obtain some additional details about $CYBA.
So, here’s the gist of the Cybria crypto coin’s tokenomics:
- Token’s on-chain name: CYBRIA
- Symbol/ticker: CYBA or $CYBA
- Network: Ethereum
- Token type: ERC20
- Smart contract address: 0x1063181dc986F76F7eA2Dd109e16fc596d0f522A
- Minting timestamp: August 8, 2023, at 06:45:11 AM (+UTC)
- Maximum total supply: 1,000,000,000 $CYBA
- Buy/sell tax: Both are set at 4%
- Token distribution: Judging by the crypto bubblemaps offered by Moralis Money, “Cybria: Deployer” is the largest wallet holder (3%). Moreover, 25.68% of the total CYBA supply seems to be reserved for the staking rewards, and 11.24% might have already been burned:
Note: You can find the link to the page that includes the above bubble chart in the “Should I Buy the Cybria Crypto” section below.
The fact that the CYBA token has a capped supply with all the tokens already in circulation, could have a positive impact on the asset’s further price appreciation. Moreover, it seems like the project also has a way of burning CYBA, which further decreases the supply.
On the other hand, the 4% buy and sell tax may be a bit off-putting for traders. On the other hand, they may encourage potential investors in CYBA to HODL instead of selling to avoid paying that extra 4%.
$CYBA Price Action
Since the Cybria cryptocurrency was born on August 8, 2023, there are obviously not that many price data points to analyze. Still, more than four months of price action definitely give us something to look at. So, here’s the entire price action of the $CYBA coin thus far:
The above daily $CYBA chart on the logarithmic scale clearly shows two outstanding rallies. The first one took place on the day of CYBA’s listing on August 8, 2023. On that day, the asset started trading at $0.00000278 but reached as high as $0.0001946.
The second day of trading propelled $CYBA even higher – $0.0005144; however, it also offered a sharp, short-lived correction to $0.00008426. On August 13, the token’s price again revisited the $0.00008 region but climbed back above $0.0005 three days later.
After a new all-time high (ATH) on August 16 at $0.0005486, the asset experienced several 40%-72% moves to the downside and several 85%-178% upside as it fluctuated between $0.000138 and $0.0004. However, after touching the bottom line of the aforementioned range on September 20, 2023, $CYBA pulled off quite an impressive rally. In just ten days, the price increased by approximately 590%.
That rally resulted in a new ATH just above $0.001; however, the price didn’t stay up for long. After all, the token lost more than 92% of its value over the next 26 days. That massive correction marked its bottom on October 27, 2023, at $0.000081. However, the price bounced sharply off of that low on the same day and reached $0.0004772 by November 6.
Next came another 60% pullback, followed by a recovery into the $0.00025-$0.00060 region.
Cybria Crypto’s 40x-Plus in 10 Days
During the entire price action covered above, the Cybria crypto’s market cap (MC) never crossed the one million dollar market cap. Such a low market cap is also one of the main reasons why the $CYBA price was so volatile.
So, while sitting around $380k MC on December 12, 2023, the price of the CYBA token exploded. Over the next ten days the value of this L2 token increased by more than 4,100%:
After reaching its current ATH at $0.01603 on December 22, 2023, the token has been taking a breather. At the time of writing, the price is trading just above $0.010, roughly 36% below its ATH.
TA and Money Line
When it comes to technical analysis, there are countless tools and indicators one can use. However, we do prefer to use the combination of the complete basics, such as charting key support and resistance levels, and the most powerful Money Line indicator.
However, before we show you what our TA approach says about $CYBA, please keep in mind that technical analysis for low MC tokens tends to be less accurate in general.
With that said, here are the key levels of support and resistance for the CYBA token’s price:
The above chart also includes the asset’s trading volume and the RSI indicator. And given the divergences between the price and the volume and RSI, the token is likely to be running out of steam. As such, a noticeable correction or a sideways cool-off period is quite likely to follow. Given $CYBA’s past performance, it wouldn’t be at all surprising if it were to retest the $0.0051, the $0.0033, or even the $0.00096 level.
However, so far the asset remains in a bullish trend. According to the Money Line indicator, the price must stay above $0.0078 for the CYBA token to remain bullish on a daily timeframe:
Note: If you wish to get your hands on the Money Line indicator, make sure to opt in for the Moralis Money Pro or Starter plan. This ultimate indicator is without a doubt one of the best crypto trading tools. After all, just by buying and selling according to its signals on a weekly timeframe, one can make serious profits.
Should I Buy the Cybria Crypto?
The information covered in the above sections should be more than enough to help you determine if you find the Cybria project and its native token remotely interesting. If yes, then you need to DYOR this potential altcoin opportunity further. And there’s no better place to do so than the Moralis Money Cybria ($CYBA) token page.
On that page, you can find all the resources and tools to help you determine if this cryptocurrency deserves a place in your portfolio or not. Plus, by considering CYBA’s live price in combination with the token’s real-time on-chain metrics, you’ll be able to determine if now’s the right time to buy. For instance, a good time to enter would be after a larger pullback of the CYBA price and with its real-time on-chain data showing that the positive momentum is back.
As such, make sure to properly utilize the power of the insights offered by the “Price Chart” and “Alpha Metrics” sections that await you on that page.
So, first, decide if you find CYBA interesting at all. If yes, use the Moralis Money $CYBA page to DYOR the token properly. You can access it via the above “$CYBA” link or the interactive widget below.
Also, do not forget to consider your financial situation and your risk aversion.
If by that point you believe that buying the Cybria token is the right path for you, finally determine if now’s the right time to buy. And you now know how to do that based on the token’s live price and its real-time on-chain data.
Where to Buy $CYBA?
If you end up deciding to buy $CYBA, you can do so right there on the above-presented Moralis Money page. After all, the platform includes one of the best instant crypto swap features. The latter is very safe to use, offers a highly intuitive user experience, and ensures you always get the lowest available price.
To access that swap feature, just click the “Buy” button below the Cybria crypto’s info. Then, simply follow the instructions that the swap feature offers, starting by connecting your Web3 wallet.
Cybria Crypto On-Chain Trading Data – Should You Buy the CYBA Token? – Key Takeaways
- Cybria is a 2023 blockchain project that plans to launch a unique Ethereum L2 network that utilizes AI and cybersecurity tech.
- At the time of writing, the project is rather vague on how exactly it plans to deploy the power of AI and cybersecurity. Instead, it seems like Cybria is mainly trying to ride the AI narrative.
- The Cybria crypto token (CYBA) went live in August 2023 on the Ethereum chain as an ERC20 token.
- Since the project is in its early stages, $CYBA use cases are yet to be presented. However, the Cybria platform already offers staking opportunities for CYBA.
- The CYBA token’ tokenomics are rather positive and could spur the asset’s further price appreciation.
- Cybria’s price has been very volatile with many large upside and downside moves. The recent outstanding run took place between December 12-22, 2023, when the token’s price increased by more than 40x.
- To determine if/when to buy $CYBA, use Moralis Money’s token page dedicated to that asset.
- If you decide to buy CYBA, you can do so effortlessly on that page by hitting the “Buy” button.
Whether you end up buying $CYBA or not, make sure not to forget about other altcoins. After all, to increase your chances of catching those 50x-plus moves that many altcoins tend to offer, you need to have several coins in your portfolio.
Luckily, you can use reliable crypto analysis tools to spot the best altcoin opportunities. And this is where Moralis Money shines the brightest. After all, its cryptocurrency analysis sites (as the one for $CYBA) are just a small portion of what this ultimate crypto trading tool has to offer.