In a recent review, Forbes included Ripple (XRP) and Cardano (ADA) and a number of other cryptocurrencies on its list of “zombie tokens.” According to the publication, the high capitalization of these assets does not correspond to their minimal practical use. On the other hand, Bitbot, the innovative blockchain platform, is on the brink of wrapping up its 12th presale round with an impressive total of $3 million raised. This milestone underscores the growing investor confidence in Bitbot’s vision and technology.
Forbes: Ripple (XRP) and Cardano (ADA) are good for nothing!
Despite Ripple’s ambitions to revolutionize bank transfers by directly competing with SWIFT, the project’s goals seem highly unrealistic. The network processes $583,000 in transaction fees, a minuscule figure compared to XRP’s $36 billion market capitalization.
Forbes explains that such a discrepancy indicates a lack of real financial utility of the asset. Cardano and Fantom show a similar picture. The capitalization of ADA and FTM exceeds $23 billion, while the functionality of both tokens tends to zero.
Despite comprehensive development plans and public statements from Cardano founder Charles Hoskinson, the network has largely not yet advanced beyond the pilot stage. Fantom, although less publicized, rode the same wave of high speculation with minimal transaction throughput. “It’s similar to early-stage venture capital funds or companies that have raised too much money and don’t know how to adequately deploy it. There is no way to return funds to investors,” says Matt Hougan, CIO of Bitwise Asset Management.
Forbes classifies more than 20 cryptocurrencies as “zombies” due to their lack of significant user bases or functional applications outside of trading platforms. This scenario encourages caution among investors and users as the longevity and success of these assets largely depends on market sentiment rather than fundamental value.
Bitbot: A Robust Infrastructure and Promising Future
The platform’s presale rounds have consistently garnered significant attention from both institutional and retail investors, thanks to Bitbot’s robust infrastructure and promising future prospects. With each successful round, Bitbot continues to attract new investors seeking to capitalize on the platform’s potential for long-term growth and innovation.
As Bitbot approaches the conclusion of its 12th presale round, the team is already looking ahead to the next stage of development. In line with its commitment to transparency and fairness, Bitbot has announced that the next stage price will be set at $0.018 per token. This strategic decision aims to maintain momentum and ensure accessibility for investors of all sizes as Bitbot progresses towards its ultimate goals.
Revolutionizing Blockchain
As the 12th presale round draws to a close and the next stage price is set, Bitbot continues to chart a course towards innovation, prosperity, and sustainable growth in the ever-expanding world of blockchain technology, Bitbot is making significant strides with its advanced security measures, which encompass robust anti-MEV protocols, comprehensive anti-rug features, and a non-custodial architecture that empowers users with full control over their assets. In contrast to its competitors lacking such sophisticated security and AI technology, Bitbot’s prospects appear highly promising.
With its superior technological framework and strategic market positioning, Bitbot is poised to leverage the ongoing bullish momentum in the crypto market. Given the impressive gains achieved by its counterparts, Bitbot stands a strong chance of delivering substantial returns, potentially ranging from 50x to 100x for presale investors in 2024.
