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About LBY

Libonomy (LBY) is a cryptocurrency launched in 2021. LBY has a current supply of 70.00M with 0 in circulation. The last known price of LBY is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://libonomy.com/#intro.

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LBY Price Statistics
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Updated May 23, 2024 9:21 am
Mkt Cap $0
There's nothing here for now
US Treasury Yields Surge, Bitcoin and Stock Markets Under Pressure
US Treasury Yields Surge, Bitcoin and Stock Markets Under Pressure
According to PANews, the financial markets experienced a downturn on Wednesday as the yield on 10-year US Treasury bonds surged to 4.64%, causing unease among investors already concerned about the prospects of interest rate cuts in 2024. Bitcoin's bullish trend stalled at $68,860 in early trading, and after the US stock market closed, it fell to a daily low of $67,100. At the time of writing, Bitcoin was trading at $67,501, a 24-hour drop of 1.52%. Analysts at Secure Digital Markets stated that Bitcoin continues to pull back to the 20-day moving average near $66,500 as expected. The support range of $65,000 - $66,000 remains strong. However, as long as the dollar index and 10-year yield continue to rise, they expect risk assets to remain under pressure. The overall market value of cryptocurrencies is currently $2.53 trillion, with Bitcoin's market share at 52.6%. In the US stock market, the rise in US Treasury yields continues to put pressure on the broader market. At the close on Wednesday, the S&P 500, Dow Jones, and Nasdaq indices all fell, down 0.74%, 1.06%, and 0.58% respectively. Data from Glassnode shows that long-term Bitcoin holders (LTH) have begun to accumulate coins again since December 2023, after several months of selling. Analysts pointed out that the spending pressure of long-term holders has significantly weakened in the past week, and investors have returned to the accumulation mode. This indicates that volatility is a necessary condition for triggering a new round of selling. It's worth noting that Glassnode observed that the price trend of Bitcoin in the past three months has been more moderate than in previous bull market cycles. In the past three months, Bitcoin's weekly, monthly, and quarterly gains have exceeded 3.3%, 7.4%, and 25.6% respectively, while in the past 90 days, only 5 days' gains have exceeded 3.3%, 7.4%, and 25.6%. Despite most analysts expecting Bitcoin's consolidation to continue in the short term, a survey on social media Twitter shows that calls for a bullish breakout rebound are becoming more frequent as the market begins to enter the golden period after Bitcoin halving (historically, Bitcoin prices have always been on an upward trend).
May 30, 2024 12:06 pm

Frequently Asked Questions

  • Who Are the Founders of Libonomy?

    Libonomy project was started in early 2018 by three swedish entrepreneurs - Richard Haverinen, Fredrik Johansson and Therese Johansson.

    Richard Haverinen, CEO of Libonomy, has more than 20 years of experience as an entrepreneur, managing small and large multi-country companies.

    Libonomy LTD company was registered in 2020. It is a UK based multi-country blockchain software development company with offices in the United Kingdom, Spain, Latvia and Pakistan.

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  • What Makes Libonomy Unique?

    Speed: Libonomy offers speed starting at 6000 TPS

    Interoperability: Libonomy can provide a bridge between all different public and private blockchains, it is already interoperable with Bitcoin and Ethereum blockchains.

    Scalability: Aphelion (Libonomy’s AI consensus engine) is smart in distributing resources on a network wide wide variety of nodes.

    Reward system: Smart resource management on Libonomy blockchain allows more honest reward distribution, which is based on node contribution in the network.

    Universal solution: Libonomy is well suited for any private and public blockchain project.

    Security: artificial intelligence consensus Aphelion eliminates known security concerns like double spending, 51% attack, ddos and others.

    Dynamic updates: Updates on the Libonomy blockchain happen seamlessly, without causing forks.

    Fees: Due to the high transaction speed, Libonomy can process transactions with very low fees.

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  • How Many Libocoins (LBY) Are There?

    Total supply of LBY is 70 million.

    Approximately 21% (15 million LBY) of total supply has been allocated for the Libonomy team, with the remaining 79% allocated for investors and contributors.

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  • Where Can I Get Libocoin (LBY)?

    LBY is available for trading on a growing number of exchanges: Bitz: https://www.bitz.ai/exchange/lby_usdt BigOne: https://big.one/en/trade/LBY-USDT Other: https://libonomy.com/lby

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  • What is the all-time high price of Libonomy (LBY)?

    The all-time high of LBY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Libonomy (LBY) is 0. The current price of LBY is down 0% from its all-time high.

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  • How much Libonomy (LBY) is there in circulation?

    As of , there is currently 0 LBY in circulation. LBY has a maximum supply of 0.

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  • What is the market cap of Libonomy (LBY)?

    The current market cap of LBY is 0. It is calculated by multiplying the current supply of LBY by its real-time market price of 0.

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  • What is the all-time low price of Libonomy (LBY)?

    The all-time low of LBY was 0 , from which the coin is now up 0%. The all-time low price of Libonomy (LBY) is 0. The current price of LBY is up 0% from its all-time low.

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  • Is Libonomy (LBY) a good investment?

    Libonomy (LBY) has a market capitalization of $0 and is ranked #6645 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Libonomy (LBY) price trends and patterns to find the best time to purchase LBY.

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