Core and Uniswap prices soar as BitBot token sale accelerates

May 25, 2024 09:18 AM PDT | By Invezz

Core and Uniswap prices soar as BitBot token sale accelerates — Image source: Invezz

Core and Uniswap are leading the rally

Core is a fast-growing blockchain network whose token has a market cap of over $2 billion. The network aims to supercharge the adoption of Bitcoin among developers. Like Stacks, the network lets developers build with Ethereum Virtual Machine (EVM)-compatible smart contracts on a Bitcoin-powered blockchain.

This is notable since Bitcoin is the safest blockchain in the world. It is also the biggest player in the industry with a market cap of over $1.3 trillion. Core’s ecosystem is fairly small, with the network having a total value locked (TVL) of just $26 million, its highest level on record.

The top dApps in the ecosystem are Colend Protocol, Glyph Exchange, COREx Network, and Sushi. Therefore, Core token price soared because the DeFi TVL jumped to a record high while the number of Bitcoins staked in the network has jumped to almost 2,000.

Uniswap price jumped after the company asked the Securities and Exchange Commission (SEC) to withdraw its upcoming lawsuit. In a strongly worded statement, the company argued that the SEC misunderstood and misinterpreted its business.

The surge accelerated after the SEC approved spot Ethereum ETFs on Thursday. This approval came a few months after the agency gave its go-ahead on Bitcoin ETFs, which have now accumulated over $50 billion in assets.

BitBot token sale accelerates

Meanwhile, the BitBot network is nearing the tail end of its highly successful token sale exercise. It has moved to the 14th of the 15th stage of the sale. In this period, the developers have raised over $3.8 million from investors.

BitBot is a company that seeks to become the biggest player in the Telegram bot market, targeting millions of users. The company is working on an advanced trading bot incorporating traditional technical analysis strategies with artificial intelligence (AI).

Also, the developers are focusing on the platform’s safety by ensuring that it has non-custodial features. This means that its customers will maintain control of their cryptocurrencies, which will comfort them, especially in this era of hacks.

BitBot’s token holders will generate returns from staking the network and having a say in its governance. You can buy the $BITBOT token here.

The post Core and Uniswap prices soar as BitBot token sale accelerates appeared first on Invezz

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