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Key takeaways
The cryptocurrency market has been bullish this week, with Bitcoin returning to the sub-$70k region. With the market still bullish, investment continues to flow into nascent projects.
Bitbot is looking to ease the trading process for traders. The project has so far raised a substantial amount to help it roll out its products.
What is Bitbot?
Bitbot is an exciting Web3 project designed to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading features.
Ideally, Bitbot can best be termed as a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. Investors in this project and its users would have a unique value proposition. Bitbot will leverage Telegram’s position as a leading social media platform for crypto users.
The team explained that Bitbot will provide traders with high-end features to help them grow their trading portfolios. These features are institutional-grade and will grant traders access to exceptional trading functions.
The total cryptocurrency market cap stands above $2.6 trillion and is expected to soar higher in the coming months. Bitbot wants to leverage the rising trading volume in the cryptocurrency market to gain massive adoption in the coming months and years.
With the entry of more retail and institutional traders, Bitbot could become a leading trading tool for them.
Bitbot’s technology to serve crypto traders
Bitbot is a tech-savvy tool that could become very useful to cryptocurrency traders. It seeks to ease the trading process for its users.
A primary focus for Bitbot is user security. The tool will use Knightsafe to offer a self-custody solution, eliminating the typical risks associated with Telegram trading. Secondly, the team will develop anti-MEV and anti-rug solutions to help users protect their assets. These features enable traders to avoid bots that artificially pump transaction costs and block scam projects from their timelines.
Additionally, Bitbot will use ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security to the users.
New traders can take advantage of Bitbot’s copy trading feature. This feature allows them to copy the trades of the strongest-performing wallets based on on-chain activities.
With Bitbot giving out $100k to 100 lucky winners, new traders can participate in this to help them build a capital base.
Get ready for the ultimate crypto thrill! 🚀
The Bitbot $100K Airdrop is here! 100 lucky winners will take home $1000 each!
Don’t miss your chance to win big! 💰
Enter 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 in the seventh stage and has already raised more than $1.5m. The 7th stage will end once the amount raised reaches $1.63m.
The project’s growing presale shows that investors are buying into Bitbot’s narrative and potential growth. Currently, the $BITBOT token is going for $0.0134 but is set to increase to $0.0141 once the eighth round commences.
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 rally higher this year?
The crypto market has been bullish since the start of the year and many analysts expect BTC to surpasses $150k in the coming months. With the Bitcoin halving roughly 20 days away, trading volume in the market could significantly go higher.
Bitbot could be a big winner in the market if it rolls out its products. The project can leverage the growing trading volume in the market to obtain a sizable market share. If that happens, its native $BITBOT token could soar higher in the coming months and years.
This article first appeared at CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison
