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Key takeaways
- Bitbot is currently in its 12th presale stage and has raised nearly $2.9 million.
- The presale price will increase to $0.018 in the next stage.
The cryptocurrency market has been volatile since last week’s halving, with prices of Bitcoin and other major altcoins fluctuating. However, that hasn’t stopped Bitbot’s progress as its presale approaches a new milestone.
What is Bitbot?
Bitbot is a unique Web3 project targeting cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading features.
It is designed for retail cryptocurrency traders as it allows them to trade a wide range of crypto pairs via their cold wallets on Telegram. Bitbot chose to leverage Telegram as it is the leading messaging platform for crypto users.
Per the whitepaper, Bitbot will provide retail traders with world-class features to help them manage and grow their trading portfolios.
The cryptocurrency market has been recording exceptional growth in recent months, with the total market cap now at $2.4 trillion. Bitbot intends to take advantage of the growing trading volume in the cryptocurrency market to gain massive adoption in the coming months and years.
Bitbot’s technology could be ideal for retail traders
There are several trading tools available to institutional and retail traders. However, Bitbot is changing the narrative by providing traders with similar tools but improved way of accessing the features and using them,
Bitbot will leverage Knightsafe to offer a self-custody solution, eliminating the typical risks associated with Telegram trading. The anti-MEV and anti-rug solutions currently in development will ensure user assets are safe at all times. With these features, traders can easily avoid bots that artificially pump transaction costs and block scam projects from their timelines.
Bitbot will also come with ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security to the users.
Finally, new traders can attain success faster by leveraging the copy trading feature available on Bitbot. With this feature, traders can copy the trades of the strongest-performing wallets based on on-chain activities.
Bitbot’s presale approaches $3m
The Bitbot presale is in the 12th stage and has already raised nearly $2.9m. The 12th stage will end once the amount raised reaches $3.186m.
The presale continues to grow despite the current volatile nature of the broader crypto market. This is an indication of the project’s appeal to investors. Currently, the $BITBOT token is going for $0.0171 but is set to increase to $0.0180 once the next round commences.
According to their tokenomics, the development team will hold 20% of the total token supply and will use it to fund ongoing development. 14% of the total token supply has already been allocated to marketing & CEX listings while 3% goes to exchange liquidity provision.
Click here to read more about Bitbot’s upcoming presale.
Could $BITBOT surge higher after listing?
The crypto market has been bullish over the last couple of months. Market analysts are expecting a bigger pump following last week’s halving. If this happens, altcoins could rally higher in the medium to long term.
Bitbot could be a big winner in the market if it rolls out its products. The project is set to take advantage of the growing trading volume in the market to obtain a sizable market share. With the right level of adoption, $BITBOT could soar higher in the coming months and years.
This article first appeared at CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison
