Key takeaways
- Bitcoin continues to battle under $62k and will plunge decrease within the quick time period.
- Bitbot has raised $3.3m up to now, with solely two levels of the presale left.
Bitcoin stays under $62k
Bitcoin has been struggling in current weeks and will report additional losses if the market situation persists. At press time, the price of Bitcoin stands at $61,254, down by than % within the final seven days.
The poor efficiency comes because the US Federal Reserve lately dashed hopes of chopping rates of interest within the quick time period. Risk-averse belongings like Bitcoin proceed to underperform with the rate of interest still excessive.
What is Bitbot?
Bitcoin’s boring worth efficiency hasn’t affected different actions within the broader crypto market. Presales and airdrops proceed to draw the eye of Degens and different business individuals.
Bitbot is among the initiatives that’s elevating capital from buyers to deal with sure ache factors out there. It is a Web3 challenge that seeks to deliver distinctive worth propositions to merchants within the cryptocurrency area. It is a Telegram buying and selling bot that places the ability within the fingers of the consumer.
According to their whitepaper, the crew describes Bitbot as a self-custodial buying and selling bot that allows customers to commerce through their chilly wallets on Telegram. The answer gives merchants with an progressive manner of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers.
Bitbot customers will take pleasure in sure options accessible solely to institutional buyers, making it simpler for merchants to develop their buying and selling portfolios.
Bitbot’s tech targets retail merchants
Bitbot is rolling out tech options that would assist retail merchants excel within the cryptocurrency market. According to their whitepaper, Bitbot will leverage the Knightsafe to supply a self-custody answer. This answer helps in mitigating the standard dangers related to Telegram buying and selling.
Furthermore, the mixing of anti-MEV and anti-rug options will assist customers shield their belongings. These options would guarantee merchants shield their knowledge and belongings from bots artificially pumping transaction prices and block rip-off initiatives.
With greater than $3.3 million raised up to now, among the presale funds shall be channeled in the direction of integrating Ultra-flexible pockets administration fuelled by non-custodial API know-how.
Finally, Bitbot may also allow the Cop Trading function, permitting novice merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.
Bitbot’s presale tops $3.3m
The Bitbot presale is presently in its tenth stage and is drawing nearer to its finish. So far, the challenge has raised $3,337,931 of the required $3,546,000 on this present stage. According to the crew, there are solely two presale levels left.
The $BITBOT token goes for $0.0180 within the present presale spherical and can enhance to $0.0189 as soon as the following spherical commences.
The whitepaper indicated that the Bitbot improvement crew will maintain 20% of the whole token provide and use it to fund ongoing improvement. An extra 14% is allotted to advertising and marketing & CEX listings whereas 3% is allotted to alternate liquidity provision.
Click here to learn extra about Bitbot’s upcoming presale.
Should you purchase the Bitbot token now?
There are solely two levels left on this presale, which implies the chance to speculate early on this challenge is slipping away. Bitbot’s presale continues to draw extra buyers regardless of the uneven market circumstances.
Bitbot is seeking to achieve huge adoption out there by providing distinctive applied sciences that may permit merchants to enhance their buying and selling actions. Its native token might be a giant winner within the coming months and years with the precise degree of adoption.
