The price of Notcoin (NOT) has experienced a significant decline following a debacle involving the offshore exchange Bybit.

At press time, Notcoin price had dropped to $0.01159 from a high of $0.01307 reached on May 30, bringing the token’s week-long price surge to a halt.

According to an exclusive post shared by Wu Blockchain on X, Bybit, the third largest exchange, witnessed several executives voluntarily resigning after a delayed Notcoin deposit.

Exclusive: After the Notcoin delayed deposit incident, several executives of Bybit, the third largest offshore exchange, "voluntarily resigned" and publicly recruited new technical and spot managers, according to an internal letter to all employees. pic.twitter.com/CiUQyrAl4e

While not much information about the incident has been publicly shared, the development has sent shockwaves through the Notcoin (NOT) community and raised questions about the stability and reliability of Notcoin as an investment option.

The NOT deposit issue could cause a significant setback for the cryptocurrency which has experiencing a magnificent price surge in the recent past and boasted a considerable number of onchain holders that have even surpassed the likes of Shiba Inu (SHIB), Bonk (BONK), and Pepe (PEPE) as reported by Notcoin on X.

However, amidst the turmoil, another player, Bitbot (BITBOT) in the market is gaining attention as its presale comes to an end.

In contrast to Notcoin’s tumultuous journey, Bitbot is emerging as a promising alternative for crypto enthusiasts seeking stability and reliability.

Bitbot is the world’s first AI Telegram Trading Bot, leveraging market data to provide actionable insights for trading decisions.

With its focus on security, speed, and reliability, Bitbot offers users an unparalleled trading experience.

One of Bitbot’s standout features is its native token, BITBOT, whose presale has garnered significant attention from investors, quickly raising $4,110,551 out of the targeted $4,324,000.

Priced at $0.02 per token in the final stage, BITBOT presents an attractive investment opportunity for those looking to capitalize on the burgeoning crypto market.

With cryptocurrencies being known for their notorious price volatility, due diligence and choosing the right investment option is paramount for any investor to be successful in the crypto space.

On that note, while Notcoin (NOT) has captured the imagination of investors with its meteoric price surge, the recent turmoil surrounding the project raises red flags about its long-term sustainability.

In contrast, Bitbot offers a compelling value proposition with its focus on security, reliability, and institutional-grade tools.

With the BITBOT presale coming to an end and with the BITBOT token offering lucrative perks such as a share of trading fees and access to private token launches to holders, Bitbot could be a more stable and promising investment option.

Therefore, while Notcoin’s price decline may dampen investor sentiment, investors can still hop into the Bitbot presale before it concludes, to expand their investment portfolio. Bitbot stands poised to lead the way with its innovative approach and promising future prospects.

The post Notcoin price takes a hit after Bybit debacle, is Bitbot a better alternative? appeared first on Invezz

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