Is Bifrost a Good Investment?

Introduction

Bifrost is the world's first blockchain middleware that enables multichain technology. The main feature of Bifrost is that it never settles for just one protocol. Always get the best of every protocol. The Bifrost platform allows developers to quickly build on multiple blockchains, enabling a truly Multichain Technology.

Bifrost has the flexibility to prepare for the uncertain future of blockchain mainnet protocols. Bifrost has the following characteristics:

• Blockchains as building blocks

 Bifrost creates a parallel environment by combining multiple blockchains, which can come together and form a federation.

• Container applications

One blockchain can form an independent Container, and each Container can have a different setup. In addition, a new approach to managing the Containers is possible. For instance, an independent Container can be operated and destroyed after execution if the service must not be recorded.

• Multicomponent DApp reconstruction

The reconstruction technology of multicomponent DApps is working for the existing DApps, and it will be upgraded to support the full flexibility of Bifrost by introducing a new high-level programming language.

BFC (Bifrost token) is the currency of Bifrost's multichain ecosystem. Developers pay BFC for using the multichain middleware to develop and operate their DApps, minimizing the cost of gas fees when using multiple blockchain protocols than when using one blockchain. A total of 4 billion BFC tokens were issued. 256 million BFC tokens are currently in circulation since our Uniswap listing on December 2nd, 2020, at 11 AM UTC. Two rounds of private sales were held in 2018 and 2019, and a public sale was held in June 2020.

How it Works

The multiple blockchain environment is composed of Bifrost Containers. A set of Bifrost Containers establishes a blockchain network and connects to the existing blockchain networks, such as Ethereum. For a DApp, the Bifrost process including:

(1) development phase

(2) deployment phase

(3) operation phase

Financial Analysis

On the date of writing this post (October 03, 2021) BFC token liquidity score is % 37 lower than the market average score, and its market capitalization is around $279 million. It’s ranked 226 in the market cap and has its circulating supply is %25 below the average score of the market, totaling 984 million.

Bifrost (BFC) ROI (Return on Investment) over the past month experienced a 31% decrease. We can’t talk about the average ROI over the past year, for this coin is in the market since the last month of 2020.

Since August, Bifrost has experienced a boost of popularity. Currently, the number of Twitter followers is above 12k. However, Telegram group chat members decreased by 3%. This data is crucial because popularity plays a vital role in a token’s success. 

You can check out our detailed reports on Bifrost's market cap, liquidity, and other important factors that determine how good a token’s performance is.

Is Bifrost Infinity A Good Investment in 2021?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.