Bytom Trust Review and Rating (SVET)
I complete the Bytom review by ranking it on the ‘Trust’ scale. For that let’s look at the BTM trades on the spot market monthly charts.
There we can see the sharp rise of volumes since the end of Feb 2020, which is, however, accompanied by the BTM prices stagnation. Classically, it might indicate that some major BTM holders are stealthily increasing their exposure to the market (pls, do not hold me responsible if it turns to be a 100% bogus :) Another encouraging sign is that BTM has been lingering slightly above its all times lows for quite some time.
Four BTM yearly candles allows me to make some conclusions about the ‘Sustainability’ of this token, which didn’t look good at all the first couple of years since it inception in 2017, when projects market cap had plummeted from above 1 billion to the current about 100 million USD (unsurprisingly so, for that was the path to go for all the rest of the market).
Accordingly, starting from the winter 2019, BTM rose from aches as everyone else did only to fall back again in the summer (although far less spectacularly).
It’s been oscillating roughly between 0.1 and 0.05 since then.
Even without looking at all of those technical indicators, some of which have managed to mislead trading public since 1970th :), I can set BTM ‘Sustainability’ at ‘c+’ and its ‘Value’ at ‘b’.
The later is due to the fact that despite BTM’s dramatic demise it continues to attract attention of whales, indicatating a potential accumulating in this coin.
At the same time, the market cap of this relatively small project even on its lowest levels are still in solid hundreds of millions, which might be well above its ‘fair’ (whatever it means) value at the moment.
I have two unassigned BTM ratings left — ‘Transactions’ (ease and costs of tokens’ purchase / sale, transfer and storage) and ‘Engagement’ (how intensive it is used by the public).
Although, BTM is available on more than a dozen exchanges, if you want to withdrew it you will need to download Bytom wallet from their site ( with file size exceeding 60 Mb that process could take quite a while ) and then get through a set up process, which is not a piece of quake also. Still, it is good that you have some storage options wit BTM. Hence,’Transactions’ is ‘b-’.
On the ‘Engagement’ side I haven’t seen an usage of Bytom outside of holding or trading it on exchanges. At the same time, Bytom explorer shows less than a dozen BTM transactions per day. It makes me to assign ‘c+’ to ‘Engagement’ part of the rating.
Result for Trust (Sustainability — Value — Engagement — Transactions): c+/b/c+/b-
[Please, do not forget that I am not your financial advisor and all above was not intended to be a financial advise, of course. You’ve got to use your own gray matter enclosed between both of your ears to take all important as well as unimportant financial decisions.]
For the original version of this article, please, refer to: http://svetrating.com/rating_text/34/tok/
Link (Bytom WhitePaper): https://bytom.io/wp-content/themes/freddo/book/BytomWhitePaperV1.0_En.pdf
Image: Art and China after 1989: Theater of the World of Qiu Zhijie.