Starting ICO on May 21, 2018, the Humbyl coin will be priced at $0.28 until the end of August; however, the price is forecasted to skyrocket once it’s on an exchange like Coinbase or Binance in the second quarter of 2019. Given the apparent demand for this coin, we can answer a simple question: Is the Humbyl coin a safe bet for investors looking to broaden their index, or should they wait to see how the market plays out? While it can be risky to invest in a new coin this early in its development, waiting too long may spoil any potential profits you could make should the coin succeed. This article will cover the ins-and-outs of the new Humbyl coin and weigh the strengths and weaknesses when investing in a newly established cryptocurrency.
The Humbyl Approach
Humbyl was initially created as a solution to the growing Fantasy Sports community and their equally growing demand for more fantasy sports platforms. The Humbyl token was implemented into the mobile app as cryptocurrency is on the path to be the next widely accepted form of digital currency which also gives the coin purpose to grow. From conception, this goal gives Humbyl a unique purpose in the market— an internationally recognized token that can be used for online sports gaming practices; a token that can easily be exchanged to and from other cryptocurrencies such as Ethereum and, of course, fiat currency. With this in mind, Humbyl is expected to see an exponential increase in its value as well as even more rapid growth of Humbyl’s Fantasy Sports community all around the world. The Humbyl Fantasy Sports mobile platform also helps to predict the growth of profits opposed to other coins without a specific purpose.
How does this tie into Humbyl’s worth? Fantasy sports is a growing market with over 59.3 million players recorded at the end of 2017, more than twice the number of players in 2009. With at least $38 billion USD in play per year in North America alone, the Humbyl coin stands to gain tremendous value upon the launch of their fantasy sports platform, even if it’s only shedding a modest share of the market from leading competitors. While the Humbyl platform is forthcoming, sources suggest that a beta of their platform should be available within the year.
Humbyl’s Timeline
According to sources connected with Humbyl, their team is aiming for a fantasy sports platform release soon likely after the ICO period is over and the currency is established. Given the intricacies of an online gaming platform and the importance of security and beta-testing, it is likely the online platform will be complete, or nearing completion, by the end of the year. This is an ambitious timeline as many similar platforms have taken twice as long to become established, if not longer. Fortunately for Humbyl, these well-established platforms have helped pave the way. Humbyl may be the first fantasy sports platform to be tied to a blockchain based cryptocurrency, but they certainly have many sources to turn to for inspiration.
Furthermore, the Humbyl team has already recruited a wide variety of experts specialized in cryptocurrency and in fantasy sports. That includes various celebrity endorsements, with major names in the NFL and NBA backing the coin and its platform. This is refreshing, given that many other coins were and still are created and backed by an unsavory mix of faceless internet denizens and shady, dark-web “businessmen.” At the very least, it gives the cryptocurrency market more credibility within mainstream circles and provides investors with more confidence that, if the coin or fantasy sports platform does not perform to the fullest, there will be real-life consequences for those involved in the coin. This level of accountability is welcome, given how many times the cryptocurrency market – including the ever famous bitcoin, has failed to return on investment.
Final Say: To Invest or Not?
The answer, as always, is to invest in the coin now, but do so cautiously. Why? There is always risk involved when investing in a new cryptocurrency, but the founders of the Humbyl token know this – that’s why it’s priced as low as it is. That said, compared to other new coins on the market, Humbyl has a steady goal, a dedicated (and legitimate) team, and a tight schedule that gives it more credibility than the usual cryptocurrency available. Additionally, new coins in the market are a better investment when they succeed and when compared to older coins on the market because investors are much more likely to receive incredible returns on investment.
Check below for a link to where you can purchase the coin – but keep in mind, that the coin is in limited availability and if you’re interested, it’s best to purchase the coin now while prices are low, rather than wait.
For more information, visit: https://humbyl.io/signup
So, what are your thoughts on Humbyl? Are you going to invest or do you think you should wait? Comment below and let us know what you think.
Media Contact
Company Name: Humbyl
Contact Person: Jenny Xu
Phone: 6264009928
Address:1415 S Palm Ave.
City: Alhambra
State: California
Country: United States
Website: https://humbyl.io/signup
