Key takeaways
Ether is outperforming Bitcoin and some different main cryptocurrencies after including greater than 2% to its worth.
Bitbot’s presale is now within the third stage and the crew has raised practically $450k.
Ether outperforms Bitcoin
Ether, the second-largest cryptocurrency by market cap, has been performing effectively over the past 24 hours. The coin is up by greater than 2% throughout that interval. At press time, the price of Ether stands at $2,362 per coin.
Ether is at the moment outperforming Bitcoin and a number of different main cryptocurrencies. Bitcoin is now eyeing the $43,500 mark because the market begins to soar greater.
What is Bitbot?
Market situations have begun to enhance and extra traders are in search of high quality tasks to put money into. One of the tasks that would turn into a frontrunner available in the market is Bitbot.
Bitbot is a Web3 venture that’s set to deliver distinctive worth propositions to merchants within the cryptocurrency house. It is a Telegram buying and selling bot that places the facility within the palms of the consumer. Bitbot is a self-custodial buying and selling bot that allows customers to commerce by way of their chilly wallets on Telegram.
According to their whitepaper, Bitbot intends to offer an progressive approach of buying and selling as it leverages Telegram’s place as a number one social media platform for crypto customers.
The crew additionally revealed that Bitbot will present customers with high-end options to assist them develop their buying and selling portfolios. Some of those options are institutional grade, granting them entry to world-class buying and selling features.
Bitbot will leverage the rising buying and selling quantity within the crypto market to achieve large adoption within the coming months and years.
Bitbot brings technological innovation to merchants
Bitbot intends to deliver technological improvements that will profit merchants. The improvement crew is engaged on some thrilling instruments that will make the buying and selling course of simpler for its customers.
One of Bitbot’s key options is that it prioritises safety. According to the crew, Bitbot will leverage Knightsafe to supply a self-custody resolution. This resolution helps in mitigating the everyday dangers related to Telegram buying and selling.
The crew will use among the funds raised from the presale to develop anti-MEV and anti-rug options for customers to guard their property. With these options, merchants can shield themselves from bots artificially pumping transaction prices and block rip-off tasks.
The use of ultra-flexible pockets administration fuelled by non-custodial API expertise is one other safety function out there on Bitbot.
To assist merchants increase profitability, Bitbot is engaged on a replica buying and selling function. This function will allow merchants to repeat the trades of the strongest-performing wallets primarily based on on-chain actions.
Bitbot’s presale surpasses $400k
The Bitbot presale is now in its third stage and is now shifting swiftly. The venture has raised greater than $440k to this point and is greater than midway by means of the $630,000 goal.
The new milestone of $440k exhibits that Bitbot is gaining quick adoption throughout the cryptocurrency house. The $BITBOT token goes for $0.011 within the present presale spherical and can enhance to $0.0116 as soon as the fourth spherical commences.
According to their whitepaper, the Bitbot improvement crew will maintain 20% of the overall token provide and can use it to fund ongoing improvement. 14% is allotted to advertising & CEX listings whereas 3% is allotted to trade liquidity provision.
Click here to learn extra about Bitbot’s upcoming presale.
Could Bitbot carry out excellently in 2024?
The cryptocurrency market is predicted to rally greater within the coming months due to the upcoming Bitcoin halving and different essential occasions. These catalysts may lead to a Bull Run over the approaching months.
If that occurs, BITBOT may turn into one of many greatest winners available in the market. As buying and selling quantity available in the market will increase, BITBOT may additionally see a spike in adoption if it rolls out its options and options. The improvement crew is placing within the work to turn into a wonderful venture for cryptocurrency merchants.
