Bitcoin Forum

 The BabelFish a Revolutionary Stablecoin Protocol which was sold  in 0.11 $ in public sale and  Investors were so keenly  interested in this project that sale finished within 31 minutes and company  raised capital of   45.781 BTC which comes about more than 2 Million US Dollars. Today it got listed on SOVRYN Platform at 0.15 $ and quickly rose to 0.36$. The price of token  jumped 225% within no time. it has much more room to grow further becuase the Project has good inherent value and is backed by professional and forward looking team.

I am not surprised by this price rise because I already expected it, I know the team behind it is very professional and transparent, so the best thing to do now is to hold and wait for the next rising of it's price because I know that this project will soar up in the near future.

But can they continue to rise or will plateau at some point? Right now, they are seemingly in the early stage of increase. They are not yet even in cmc or coingecko, so I don't know about the scope of their popularity among crypto users. The chance of further increasing its price in the coming months is high, but after so many months, I don't know if they can sustain further increase.

Can you provide the basic details about the project like website, token supply and market cap so that readers can easily catch up on what project you are talking about and to make sure they are dealing with the correct project. There is a lot of scammer out there impersonating  those new project that has a successful IDO/ICO. I'm interested too on this coin so maybe you wanted to give a clear reference.

Edit:

https://babelfish.money/ - is this the correct website?

I believe the price can still grow. and the success it's had I'm sure won't surprise anyone. I'm sure the scheme that will happen will not be much different from the SOV.
he is on the sovryn platform with the RSK network. as the first project to sell on the DeFi platform on the RSK network.
the success I'm sure, but for development, we'll have to look at it again.

Here is the thread for more detail: https://bitcointalk.org/index.php?topic=5342708.0

Telegram: https://t.me/BabelFishTalk

Look how awful BubbleFish is when it's on sale, it's absolutely insane. @irfan_pak10 I won't let this out of my wallet for months. it's impossible if it doesn't break through $1, I'm pretty sure I can get BubbleFish easily.
Despite all that, behind the scenes are true heroes, all contributing well. Giving us fresh space to not keep BabelFish out of my sights.

Noticed $Fish is traded with 6 pair, which is the pair with the most trading volume at this time?
I can say, if the $Fish is break $1, it will fly more higher. It's still fresh to trade, happy profit day for everyone, I wish.

This coin is still new to me but i still think of investing in it as it gets more interests from the people. The potential is there and maybe days from now, it will definitely increase its value again. But i still have to get to know better about the project and make a deep research on it as i don't want to fall into another  scam project which will be a waste of time and money.

For now, i suggest to still observe and study the coin. Once it gets another significant pump, then it might be another project worth to invest. But remember invest only on an amount you can afford to lose.

Today the BabelFish team will have a meeting with the 3 discussions that have been mentioned on their telegram channel, so if we are still confident in continuing the research, we can see in their conversation on Discord, of course this you will know what was discussed for future plans and how make a good trip, surely this will be a new milestone in SSR network after Sovryn.

I've been following this project since the beginning so I'm pretty sure what they are developing in their product so this will be a potential coin in the future.
But still any risk we have to bear it.

i think the hype that it was one of the earliest project that launch on sovryn launchpad contribute a lot on their price. considering the number of tokens i won't be surprised if it can get in the top 100 or top 200 mc. it's a good thing for bounty participants, albeit distribution is still not clear.

well if that's true it means the project is really good especially those team behind, and for sure they will make more hype after listing through some reputable site such coinmarketcap, CoinGecko and exchanges because in my view seems this new projects are not yet  on that stage wherein how they can get more attention from investors and traders. It's a big help actually i hope they have plans for that on this month of September while the market is in a good condition because for sure it will skyrocket immediately.

For distribution issues, it can still be communicated directly with the manager who once held the bounty and it doesn't seem like it will take too long either, because it would be great if the distribution was quite expensive, although the possibility of going down to a lower price is still very possible.

Where can I see it? It is on the cmc or coingecko?

Coinmarketcap and Coingecko have almost the same service although they differ in some features, but in general,
you can also use them to see every thing so that it can help you in finding any information you need.

The chart looks stable at this moment and im also still keeping my eyes on this one. it seems like the liquidity was still low. it's not a big surprise to see that the price was going high as there are lots of tokens still locked.

When more tokens will come as the vesting period will be ended and this may create a pressure to the price but i have expected the same rally as sovryn as long as bablefish team can deliver something big to catch the demand in the market.
It seems like we will see another surge on the babelfish

The value of each token is currently $0.32, which is a good return compared to the ICO.
Belba Fish has a total supply of 420 million FISH tokens, in the first year around 100 million tokens will be issued. So the capitalization of the project will be around 20 million dollars right now. That number is reasonable given a new project on the RSK Bitcoin network.
Many people don't use RSK Bitcoin so if FISH doesn't list on larger exchanges and has strong promotions, it will be difficult to have a breakthrough in value for this project.

Babelfish is just a baby in this world of crypto so needs some time to grow, i know the team behind this project are solid and only aim for quality so i believe this is the beginning of a wonderful journey ahead for this great project, if it's anything like sov, then we are just getting started in price aspect because we all saw how sov performed when it first got listed. hopefully FISH will perform same if not better.

I am hearing this for the first time and seems to me absolute crazy. Well good for those who have made good returns from it but ensure that keep booking profits because do not know how long the rally could last and once it falls might just be end of it.

Since Fish is still a fairly new stage, I decided to hold on to it for now, The first sale is indeed quite fantastically priced as a project under the most successful SOV. So it's probably a dumping process from selling the hunters. The natural thing after that will go down first, I still believe this will continue in the next quarter.

i'm pretty sure listing on new exchanges is already planned. it's still early, the project was launched just a few days ago, so it's not surprising if they focus more on delivering their product instead of exchange. pretty sure the hype will come for rsk project, just like how solana, harmony etc got their own pump too.

It's not yet available on CMC or coingecko and as far as i know sovryn didn't have api to be integrated with CMC and coingecko. it seems like babelfish needs to create its own API to be connected with CMC and coingecko.

It must be bitcoin. As far as i know, all of the pairs were connecting to the AMM contract. It can be seen from there. You can try to see that directly on the sovryn site and what you need to do to input a big amount of fish on the selling tab and you will see how much amount or liquidity is available for FISH.

I think fish is following sov in making the price gets very high and this big pump was really unexpected for many people and I think the prize for bounty participant will also be completed in the future. Even after they decided to delay their event, fish can still make a really good hype in the market maybe because many investors anticipating and already waiting for FISH. Seeing the price, the early investors already make a really good return of investment but maybe many of them will also be holding for long term investment.

That could happen but rBTC currently only has some CEX support. If promoted methodically as well as supported by large companies, the next investment trend is likely to be RSK bitcoin. The generation of smart contracts on Bitcoin will thrive and the money will flow to FISH.
FISH has been carefully prepared in the launch stage when I know this project from June to now.

Indeed it goes more than 225% and that is a good sign , ..

Good sign of this being a shitcoin and manipulated , and SOVRYN? what's the future of that exchange ?

Now that the growth goes to the extent , then be ready for the dump . \

and make sure that you are aware of this going to make you a loser if not stopped being greed.

I personally believe that SOV will soon build an ecosystem that covers all the popular fields appearing in the market. It is not too surprising to see BabelFish achieve good growth, the potential that they build and show is very good, if I am not mistaken, sov should soon be in the top100 CMC.

As far as I know, Sovryn has made a small effort to come to CMC with native ESOV tokens on Ethereum based on native exchange price API data on Uniswap.  Compared to current expansion and development defi systems, Sovryn is still a small and budding platform.  The first launcher on their Rbtc root chain just got Babelfish.  It's an improvement on their part though

That is really good to see but that was not a thing that could gain trust and interest from me and this is still a shitcoins with a promising look. Not really we are sure that this will be not going to be an exit scam and mostly it happens nowadays. It doesn't matter if the team behind this project are professionals, what matters most if the project is has a working product and has a role in the market as this is the basis to say that this will become a successful project.

Latest

https://i.imgur.com/hI2PhPb.png

I am not familiar with the coin.

But if the times of pumping comes to this type of coin, those investors will surely dump it otherwise waiting only for the top and then they'll eventually sell it.

I won't buy or get hyped anymore with such coins, I've learned from my past.

Coin value would only be determined by two things;

1. Rose up because of its value and interest/demand
2. Rose up because of the hype

You could tell the differences thats why you should be careful and be wise neither you do take profit or hold for long term and these
decision will vary into each individuals perspective.

I can't find it on coinecko or coinmarketcap, give me the link to have a look at this project.

Transaction costs with rBTC on the RSK network are quite good. I only lost 0.14$ for one smart contract call. It is cheaper than BSC and a lot lower than Ethereum. I think DEFI with the RSK network is great, it satisfies Bitcoin enthusiasts and DEFI very good experience. I don't know if bottlenecks happen as people use them more?!

Since you are not familiar it is easy to make assumption, to me i don't think babelfish has even started any major pump yet, this is not a pump and dump project, they are fresh and the first to launch on sovryn platform, right now the price is even dropping as a result of the airdrop for sov holders, between the public sale funds have vesting period which means the day 1 buyers won't have enough to dump, the project is good only needs time for price to develop.

That actually surprising in the sense that not all are expecting a good market rally with this project. The name itself was found to be not reliable but because of the team involvement and marketing strategies, it helps this particular project to surge high. But even though we see such huge improvement it doesn't mean we become confident enough as hypes can possibly be a sort of trap. Many had become a victim to this kind of strategy (exit scam) from scammers. We still have to remain careful on our funds and much better to observe it first and let see how they are consistent with the current market show.

After distribution for the bounty only has a low impact on the current price of Fish and it's normal for every project after token is distributed to bounty hunter community and airdrop, Fish will recover its price soon and maybe its price will increase high as Sovryn price increase progresses since debuting in crypto market .

Thanks for that explanation.

That's basically also some other folks when they're not familiar with a coin, we're all telling the same thing but basically when there's that much airdrop that has been given, expect that when it pumps, dump is inevitable.

We'll see how it would go.

The only way it recognized this project to the investors is the use-case of the project. I'm not certain that a project has a high market value it is already enough to tell that it could really compete with others, that is probably a hypes only. But what I mean is to see how the project going to show in a few days, months and being consistent with it.
With this great market improvement of Babelfish, I believe this project could somewhat prove something to us. But of course, we don't need to rush.

Rushing up would really result into mistakes and this is why as an investor you should really be that careful on dealing up with things and wont really tend to rush up and directly saying that it does have potential
since it did really increase its price into those unbelievable levels because same as said it would neither be hype or an organic kind of rise and its true that we should always mind or look for use-case thing
or its utility before we could really make our own decision if its really worth or not for long term. Dont let yourself get dragged with the hype and make foolish decisions
because this would be the reason for you to lose money.

looks like this project promises me to hold some coins from the bounty program they run, and buy a few too, unfortunately because of the current market conditions all coins are down including fish, the possibility when the market goes up then towards 1$ is not impossible for fish.