Could the MCB token be able to revive its run for 2023?
- MyCryptoBank has a hard cap of 100,000,000 USD and a Soft Cap of 30,000,000 USD.
- MCB reached its all-time high of $65 on October 11, 2021.
- The token has the potential to correct its position and move to $6 in 2023.
The crypto industry has been growing at an abundant pace. However, even amidst the increasing rate of adoption and operation, ‘liquidity’ has been a defining factor for traders and investors. Most crypto enthusiasts today find it difficult to tap into regular banking services, making it challenging to convert their gains into fiat money.
This is where MyCryptoBank enters as a revolutionary concept that changes banking. The project is a Blockchain-based banking platform that aims to introduce the concepts of decentralization in the banking ecosystem. MyCryptoBank allows its users the possibility to use a complete range of spectrum of banking operations.
Interestingly, the unique concept has already hit the spotlight, with many investors looking for ‘how to invest in MCB token’ and its prospect. So to help such enthusiasts better, we’ve come up with our price prediction blog on MyCryptoBank tokens.
Continue reading as we explore the different aspects of the project in the following sections of the blog,
About My Crypto Bank: An Overview
My Crypto Bank: The Concept
MyCryptoBank is a decentralized banking platform built on the Ethereum blockchain. It aims to provide a secure and transparent banking experience for its users, allowing them to store, transfer, and manage their digital assets without a traditional central authority.
It also allows using smart contracts for lending, borrowing, and other financial services. But, interestingly, that’s not all! Any user who signs up with the platform gets access to a broad spectrum of banking services via its electronic banking system. Besides, it is an excellent platform for crypto enthusiasts as it gives them the freedom to continue the operations of their digital assets.
MyCryptoBank aims to provide tech-savvy customers with payment processing systems and credit or debit cards, among other investment products. Additionally, users of MyCryptoBank’s services can access any other Blockchain-related banking service, as this multifunctional banking service revolves around a hybrid approach to operations.
Its one-account combination’ approach allows customers to switch between fiat and cryptocurrencies simultaneously. To do the same, users need to leverage the coin swap services provided by MyCryptoBank. It allows users to swap BTC and Altcoins and support 300+ cryptos.
What’s more? The platform provides currency stability to convert traditional currency into digital assets. Users can also utilize the platform’s MCB token to streamline operations, making it conveniently easy to convert money into different currencies.
Overall, MyCryptoBank provides 100% safety to the users by providing the opportunity to transfer currency between different exchanges or wallets. But before we look into its overall potential, let’s check out the token’s performance over the years.
MCB Performance Over The Years: Quick Recap For 2019-22
MyCoinBank was initially listed for ICO in 2019, where the token performed average (considering presales came into a positive light in 2021-22). Moving ahead, MCB had an IEO on July 2020, where the token was listed for $4.19. Like other crypto projects, MyCryptoBank also enjoyed a bullish phase by the time it was listed.
However, following a month of bullish phase, the token took a dip as it fell below the $4 range for the first time. September introduced the token to its bearish phase as MCB created a bearish arch, slowly moving down to $1.05 in the coming month.
Interestingly, MCB was quick to do a retest as it entered a corrective phase at the end of November as the token broke past its previous resistance line. Enter December 2020, and the token succeeded in multiplying its value. By the end of 2020, MCB was entering a bullish phase around the $3 range.
The MCB token entered 2021 as a strong contender for the year. However, the token was already enjoying moving above the $3 mark to its new all-time high. Interestingly, MCB was able to do the same by the end of the month as it moved to the $10 range by January 2021.
But this was just the start for the token, as the following months brought MCB into the limelight for its utility. The following months progressed towards the bullish run as MCB set a new record-high every month. However, the bullish run halted on April 12, 2021, when the token registered an all-time high of $38.69.
Following this, MCB experienced a downtrend for the next month, falling by 60% of its previous high. While many analysts thought the token would now transcend to a bearish phase, MCB proved its opposite by marking a bullish run. As a result, MCH went beyond the $60 range in the next few months, registering itself at $65.27 on October 11, 2021.
After its last all-time high, the token slipped into a downward trend as the industry sensed an incoming crypto winter. This resulted in a massive drop in the token’s price as it crashed around the $13 range by the end of 2021. Enter 2022, and there wasn’t much in store for the MCB token as it lost value throughout the year, ending in around the $3.75 range.
What’s Up For 2023?
After enjoying a year of dominance, MCB is currently at a bearish run, losing its value through January 2023. However, there’s optimism around the token’s performance as it has managed to stay above the $3 range, making it a strong support zone.
Unique Fundamentals Of The My Crypto Bank (MCB) Token
As the number of internet users increases around the globe, companies are digitalizing themselves to establish better connections with their customers. MCB’s goal is to create a comprehensive, low-cost banking system for everyone, including individuals who can’t afford bank accounts.
As MCB will be based on blockchain technology, it offers investors high returns. However, its past performance and the unique concept alone can’t give you an idea of whether or not to invest in the token. So to help you better, we’ve developed a few fundamentals that give us an insight into the token’s unique approach.
Multifunctional Platform
MyCryptoBank provides customers with remote access to their accounts, products, and services for convenient banking operations. In addition, their multifunctional platform offers a hybrid system that combines digital and traditional currencies.
Digital currencies make operations faster and more affordable, while traditional currencies ensure validity and acceptance. With one account, customers can enjoy the benefits of both types of currencies at the same time.
Money Transfer Made Easier
At MyCryptoBank, you can send money worldwide with the speed of an email. All cryptocurrency payments are low cost, instantaneous, and can be made with any classical or cryptocurrency – all you need is an internet connection.
Furthermore, exchanging funds using online banking is easier than ever. For example, converting USD to BTC is seamless as exchanging fiat currencies.
Peer-to-Peer Loan Facilities
P2P loans, also known as peer-to-peer loans, are a type of lending in which individuals can borrow and lend money without including any traditional financial institution, such as a bank. Peer To Peer (P2P) loans are issued by platforms that match borrowers and lenders. The platform typically handles the loan application, credit check, and loan servicing while the lender and borrower interact directly to negotiate the loan terms.
P2P loans can be unsecured or secured and used for various purposes, such as consolidating debt, financing a home improvement project, or starting a small business. MyCryptoBank customers can obtain loans in traditional currency when they deposit their cryptocurrency. Additionally, they can secure a loan from other customers through a P2P loan system.
Access To Premier Banking Facilities
Its unique banking facilities are one of the project’s unique concepts. Users signing up for the bank accounts receive unique attributes. For instance, a payment ring that is a contactless card analog is incorporated into the bank’s payment system.
It enables users to make payments just like a bank card. Bring the ring to the payment terminal to make a payment, and the required sum will be subtracted. Online payments are also an option; each payment ring has a unique number, a set validity time, and a CVV code. In addition, the rings are robust and water-resistant.
My Crypto Bank (MCB) – BG’s Token Analysis
MyCoinBank is a unique approach that caters to solving the problem between traditional banking and Blockchain. The project has been a part of the market for over two years and is relatively fresh. Besides, considering that its MCB token had an IEO above the $4 mark, it’s apparent that the platform is a high performer.
In addition, MCB has successfully multiplied its value by almost 15x during its bullish phase in 2020-21. Fast forward to 2023, the token revolves around the $3 mark and is currently in a bearish cycle.
Overall, our analysts at Blockchain Gossips are mostly optimistic about the future of the token.
My Crypto Bank (MCB) Price Prediction – 2023-27
Even though MCB has been a reliable performer in the industry, having the price movement along isn’t enough to analyze its success in the long term. So to help you better, we’ve come up with an analysis of the future movement of the tokens to give you an idea about MCB’s performance in the next five years.
That said, it’s worth remembering that the MCB token has been a part of various up and downtrends. So, keeping that in mind, let’s look at the token’s future movements in the following sections.
My Crypto Bank Price Prediction 2023
While 2023 has induced optimism in the price movement of other projects, the same can’t be said for MCB tokens. As a result, it has moved down its initial price range and currently revolves around $3.
However, for its future, we expect the token to enter a corrective phase as it looks like a strong range for the token. By the end of the year, we expect MCB to reach a price range of around $6.
My Crypto Bank Price Prediction 2024
For 2024, MCB tokens are expected to continue with the bullish trend they adopted in the past year. Besides, considering that users will have a renewed interest in the project, we expect the project to move up in an optimistic direction.
Considering that the project will keep up with its positive uptrend, we expect MCB to reach around the $10 range by the end of 2024. However, if things don’t go as per the optimistic approach, it might subside at an average of $8.
My Crypto Bank Price Prediction 2025
2025 could be a great year for the MCB token. For this year, our analysts expect the token to have reached a significant spot in terms of its users base as it continues to evolve its banking concept.
Overall, this could be another positive year for the MCB token, reaching up to $20 during the first half itself. Additionally, we can also expect the token to average around $17.80 if the token is unable to keep up with its pace.
My Crypto Bank Price Prediction 2026
Following nearly three years of uptrend, 2026 could be a bearish year for the MCB token. However, we expect this to result from the continued bullish pattern and a correction in its price movement for the coming years.
Keeping the same in mind, MCB is expected to hover around a price range of $15. However, if its price movement continues at a downtrend, the token might further fall around the $12 range by the end of the year.
My Crypto Bank Price Prediction 2027
For 2027, we expect MCB to enter a corrective phase with its previous year’s low. Then, after a year into the bearish phase, things might finally settle for the MCB token as it’ll enter a bullish phase.
For this year, the token is expected to reach its first all-time high range of $30 by the end of the year. Besides, we can expect it to average around $27.50 if it cannot keep up with its bullish pace.
Note:
The price range mentioned in our analysis is a mere prediction by crypto experts. We use the past price movement to determine the future movement of the token. We suggest you only use these predictions for reference. By no means should they be used for financial planning. Lastly, it is only wise first to understand the concept backing the token, do proper research, and then invest in it.
My Crypto Bank’s Last Week Performance
The MCB tokens in the last week comprise both up and downtrends. However, the token started the week at a corrective phase, moving above its long-term resistance line of $4. This movement added hope to the holders as it was the first time the MCB token seemed to move beyond its resistance line.
However, it wasn’t authentic, as the token again fell after three days of continual bullish movement. This time, MCB moved below its strong support line at $4, eventually falling around the $3.75 range. Following this, there were some corrections, but the range between $3.75-4 seems to offer strong support for the token.
Overall, MCB might be in a bearish phase, but it still holds a better market position than many other tokens, making it an investment to hold.
What’s Up With MCB In Recent Times?
There’s not much about the token currently, as MyCoinBank has been keeping it low across its social media profiles. However, we suspect some new update is coming from the program’s developers.
Should You Consider Investing In MCB?
MyCryptoBank provides its customers with a comprehensive banking platform incorporating a hybrid digital and traditional currency system. The use of digital currencies makes transactions faster and more affordable, while conventional currencies provide a nearly universal level of acceptance and validity. With one account, our customers can simultaneously take advantage of both types of currency.
However, you might want to avoid investing in the token if you don’t want to invest in a project with deficit security. The project has secured its site with a well-known anti-DDoS service – great job. But, with just two clicks, you can find the true IP address 199.247.29.198, which has a very low probability of not being a dedicated server but a full copy (1% probability). This indicates the technical level of the relevant experts is quite low, even though they had an external layer of protection (“we used Cloudflare”).
Lastly, no matter which project you’re investing into, ensure that you’ve researched well around the concept, its fundamentals, and other necessary aspects. All the best!
