Here is my realistic price prediction and analysis of Zeebu, or ZBU. This currency looks to me like it is going to zero in the long term, and in the short term I don't think it's very good either. I'm telling you this because I care about you, and I don't want you to make crappy crypto investments and buy things that in my view obviously suck.
If you look on CoinMarketCap, right now this has a $14 billion fully diluted market cap, which to me is an incredibly bad sign when the market cap is only $1 billion. So right now there's a huge amount of ZBU that aren't even out there, according to this at least. And according to the explorer, it's on Binance, Etherscan, and Base.
What is Zeebu, really?
But what exactly is Zeebu? Zeebu is a Web3 payment platform for the telecom carrier industry. This is so untrustworthy in my mind, because if you want to invest in the telecom industry, there are stocks you can buy that give you real legal ownership. Buying a cryptocurrency does not give you any legal ownership over anything, unless it's on something like Internet Computer Protocol where it's controlled by a DAO and everything's 100% on chain. Something like this is, to me, just another going-to-zero altcoin.
If you look at the explorer on Binance, you've got 6,000 holders, which is pretty small. Then if you go to Etherscan, there are 62 holders. If you go to BaseScan, it looks like there are a lot more holders on Base for this. But these are just tokens that people are getting tricked into buying, that I don't see have any real value.
If you go to the website, it says it's a Web3 neobank, tailor-made for telecom settlements. This doesn't, in my view, fulfill a real need in the world at all. I've come to believe you shouldn't invest in things you can't use every day. Warren Buffett says if you buy a company's product, you might then consider investing in the stock. This is something you can't, in almost any case, use the actual product of every day. There's no point, in my opinion, in investing in something for telecom settlements. There's no reason for a retail user to be investing in something like this that you can't use.
The site has generic text like "blockchain-powered platform purpose-built to empower telecom" and so on. To me this doesn't even read well. We have so many cryptocurrencies that do SWIFT-style global transactions, so many of them. That's not special. This is not special at all. And why would you, as a retail investor, invest in B2B settlements that you can't even use? There are companies with stocks that give you legal ownership.
The warning signs I see
When I look at this, I don't see anything of substance, but I do see some serious areas of concern. Right now this has 100,000 followers, but the engagement is an absolute dumpster fire. I have around 9,333 followers, a magic number, less than 10% of the followers they have, and look at the reach on my posts. This is what organic reach looks like. With Zeebu, this is what paying for bots to follow your account looks like. Unfortunately, in my experience this is standard practice in the cryptocurrency industry, to pay for bots to artificially inflate your follower count. But I'm not fooled.
Then they're hyping metrics like TVL. TVL is easily faked. You tell me what you want the TVL to be and I can just program that and fake it. Super easy. So their account is posting about TVL and airdrops. Airdrops are, in my opinion, one of the most scammy, nasty things in crypto. This is where people get ripped off and scammed so many times, and often these currencies have no real value outside speculation and hype. They're airdropping fundamentally worthless tokens just to inflate metrics on their account.
So when you look at these things, how can you prove they've settled anything? Where's the proof of this? You can look at their dashboard and it has institutions listed. But again, why is a retail person going to invest in some institutional thing when there are perfectly good stocks you could buy? And these things are not stuff you can verify. The invoices are up there, but can you verify any of it? Can you verify that they're not just sending money back and forth to themselves? In crypto, you've got to be extremely skeptical, because there's practically an infinite amount of coins. Insiders make almost all the money, and if you're not extremely skeptical, you're very vulnerable to getting ripped off.
Where is the team?
So my realistic price prediction for this is that it's going to zero, because in my view this is a fundamentally worthless token that was easily created and offers no real value. The only way this has any action is people just buying something they've never used before.
Where is the team on this? When you look at the Zeebu website, where is their team? Do you see any actual people working on this? Let's click the about page. "The first of its kind Web3 neobank." Ridiculous keywords, core values. And you've got five people behind a $14 billion fully diluted market cap, which is three times Internet Computer Protocol, which I believe has the best technology in crypto. You have five people here: founder and CEO, co-founder, marketing officer, business development, and financial.
Here's a sign that there's a problem. Are any of these people developers? You've got business people here, a finance, business, and marketing person. Where are the engineers? Well, there's no need to engineer anything, because there's no real technology that I can see that really does anything.
Look at this roadmap. They can't even be bothered to update the roadmap on their website for a billion-dollar project. I'm telling you that the price prediction in 99% of the scenarios is going straight to zero for this. Their website copyright says 2024 right here. Again, being sloppy in the details is often how you spot fakes, frauds, and a lack of depth. In crypto, demand depth, demand transparency. The team is shallow. The roadmap is shallow and not updated. Come on, guys. I looked at this for 10 minutes and it looks like an absolute dumpster fire. I hope you don't buy this.
I take requests to review different coins, and I have an open chat that is actually on Internet Computer Protocol, where all of this is on the blockchain. My website's on the blockchain. OpenChat is directly on the Internet Computer blockchain. I also have a 100% free crypto course to walk you through the things you really need to know in crypto beyond hype, clickbait, and speculation, so you can make better decisions, along with more on my Money playlist. I hope this has been very clear and helpful for you.