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Key takeaways
The cryptocurrency market has been bullish this week, with Bitcoin returning to the sub-$70k area. With the market nonetheless bullish, funding continues to circulation into nascent tasks.
Bitbot is seeking to ease the buying and selling course of for merchants. The challenge has up to now raised a considerable quantity to assist it roll out its merchandise.
What’s Bitbot?
Bitbot is an thrilling Web3 challenge designed to offer glorious providers to cryptocurrency merchants. It’s a Telegram buying and selling bot that provides customers entry to high-end buying and selling options.
Ideally, Bitbot can greatest be termed as a self-custodial buying and selling bot that permits customers to commerce through their chilly wallets on Telegram. Traders on this challenge and its customers would have a singular worth proposition. Bitbot will leverage Telegram’s place as a number one social media platform for crypto customers.
The staff defined that Bitbot will present merchants with high-end options to assist them develop their buying and selling portfolios. These options are institutional-grade and can grant merchants entry to distinctive buying and selling features.
The entire cryptocurrency market cap stands above $2.6 trillion and is predicted to soar greater within the coming months. Bitbot needs to leverage the rising buying and selling quantity within the cryptocurrency market to realize huge adoption within the coming months and years.
With the entry of extra retail and institutional merchants, Bitbot may turn out to be a number one buying and selling device for them.
Bitbot’s expertise to serve crypto merchants
Bitbot is a tech-savvy device that might turn out to be very helpful to cryptocurrency merchants. It seeks to ease the buying and selling course of for its customers.
A major focus for Bitbot is person safety. The device will use Knightsafe to supply a self-custody answer, eliminating the standard dangers related to Telegram buying and selling. Secondly, the staff will develop anti-MEV and anti-rug options to assist customers defend their property. These options allow merchants to keep away from bots that artificially pump transaction prices and block rip-off tasks from their timelines.
Moreover, Bitbot will use ultra-flexible pockets administration powered by non-custodial API expertise to offer an added layer of safety to the customers.
New merchants can make the most of Bitbot’s copy buying and selling function. This function permits them to repeat the trades of the strongest-performing wallets primarily based on on-chain actions.
With Bitbot giving out $100k to 100 fortunate winners, new merchants can take part on this to assist them construct a capital base.
Prepare for the final word crypto thrill! 🚀
The Bitbot $100K Airdrop is right here! 100 fortunate winners will take house $1000 every!
Do not miss your likelihood to win large! 💰
Enter right here: https://t.co/gh7v9mzBER pic.twitter.com/v46qwRg55C
— Bitbot (@Official_Bitbot) March 27, 2024
Bitbot’s presale surpasses $1.5m
The Bitbot presale is within the seventh stage and has already raised greater than $1.5m. The seventh stage will finish as soon as the quantity raised reaches $1.63m.
The challenge’s rising presale exhibits that traders are shopping for into Bitbot’s narrative and potential development. At present, the $BITBOT token goes for $0.0134 however is about to extend to $0.0141 as soon as the eighth spherical commences.
The event staff will maintain 20% of the whole token provide and can use it to fund ongoing growth. 14% of the whole token provide has already been allotted to advertising & CEX listings whereas 3% goes to change liquidity provision.
Click on right here to learn extra about Bitbot’s upcoming presale.
May $BITBOT rally greater this yr?
The crypto market has been bullish for the reason that begin of the yr and plenty of analysts anticipate BTC to surpasses $150k within the coming months. With the Bitcoin halving roughly 20 days away, buying and selling quantity available in the market may considerably go greater.
Bitbot may very well be a giant winner available in the market if it rolls out its merchandise. The challenge can leverage the rising buying and selling quantity available in the market to acquire a large market share. If that occurs, its native $BITBOT token may soar greater within the coming months and years.