Robotina (ROX) Is the Top Crypto Earner Today, but Will It Hold onto Those Gains?
Most cryptocurrency tokens today are not moving very much. For reference, Bitcoin (BTC) is up just 0.30% today and Ethereum (ETH) has moved a slight 0.11% upward since yesterday. Robotina (ROX) is standing out from the lack of movement in the market, with gains of 639.62% today. How long will the rate increase last, though, and is it headed for a dip?
What Is Robotina?
You might not have heard of this crypto token before, and that’s understandable since it is ranked #8,299 on the market. It doesn’t make many headlines, in other words, but today, it is the biggest crypto earner, and that makes it worth paying attention to.
The Robotina rate is $0.004 (ROX/USD) today, and its market cap is around $1.3 million. This coin operates on the Ethereum platform, and it is meant to provide those in the energy sector with an easier and simpler way to make transactions and earn money. It gives them a common blockchain cryptocurrency that can be used internationally, outside of the exchange rates and processing fees that energy sector businesspeople would normally have to pay.
How Has Robotina Been Performing?
While today’s ROX rates are raising eyebrows, we like to look at more than just a 24-hour period when assessing a crypto token. What we are seeing with this one is a nearly flat level of activity for the past few months. Today’s rate increase is notable not just for how large it is but also for how uncommon it is with this particular crypto token in recent history.
The last time we saw any significant movement from the ROX token was back at the beginning of May when it dropped from $0.019 to $0.0004 in the course of an hour. That 997% drop was enough to keep things quiet for the ROX token for a while.
What has caused this token to shoot up today and make back a significant amount from that previous drop? There’s been some indications that this coin maybe experiencing artificial price inflation. One of the top indicators is that official website is down at this time. That could just mean that the site can’t handle the traffic brought in by news of this crypto taking the top earner spot for the day, but looking at information on this token, there’s not a complete picture for it. Some vital information is missing, which raises suspicions.
Right now, we’re advising caution for those who are interested in investing in ROX. This token has been around on the market since late 2018, so any fears that it might be a scam coin are completely unfounded. However, there could be some suspicious market manipulation happening here that could render any gains useless shortly.
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