Key takeaways
Bitcoin lately touched the $50k stage for the primary time since December 2021.
Altcoins might rally larger quickly and this might see elevated investments in initiatives like Bitbot.
Bitcoin’s rally to $50k might see extra funding in cryptos
The cryptocurrency market has been bullish for the reason that begin of the 12 months and Bitcoin’s newest rally might end in extra investments in altcoins. Bitcoin, the world’s main cryptocurrency by market cap, lately touched the $50k mark for the primary time since December 2021.
The rally comes due to growing inflows into spot Bitcoin exchange-traded funds (ETFs). As extra retail and institutional buyers enter the crypto market, there will likely be a give attention to new and thrilling initiatives.
Bitbot may very well be one of many initiatives that seize buyers’ consideration due to its distinctive worth proposition.
What is Bitbot?
Bitbot is a Web3 venture that’s set to supply glorious providers to cryptocurrency merchants. It is a Telegram buying and selling bot that offers customers glorious options, enabling them to excel at crypto buying and selling.
Bitbot is a self-custodial buying and selling bot that permits customers to commerce through their chilly wallets on Telegram. What makes Bitbot an thrilling venture is the revolutionary approaches it intends to supply merchants. The device will leverage Telegram’s place as a number one social media platform for crypto customers.
The group additionally revealed that Bitbot will present customers with high-end options to assist them develop their buying and selling portfolios. These options are institutional-grade and can grant merchants entry to world-class buying and selling features.
As Bitcoin hits $50k, buying and selling quantity available in the market will increase. Bitbot intends to make the most of the rising buying and selling quantity within the crypto market to realize large adoption within the coming months and years.
Bitbot’s technological method to buying and selling
Bitbot is a novel venture as a result of it’ll roll out technological improvements that might profit merchants. The group is engaged on some instruments that might ease the buying and selling course of for its customers.
According to their whitepaper, safety is likely one of the main focus of the Bitbot device. Bitbot will leverage Knightsafe to supply a self-custody answer, mitigating the everyday dangers related to Telegram buying and selling.
Furthermore, a part of the funds raised from the presale could be used 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 initiatives.
In addition to that, Bitbot will use ultra-flexible pockets administration fuelled by non-custodial API know-how to supply an added layer of safety to the customers.
With the copy buying and selling function, Bitbot will make it simpler to spice up the profitability stage of merchants. The function will enable merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.
Bitbot’s presale rakes in $557k
The Bitbot presale is transferring excellently and has raised greater than $550k. The presale is within the third stage and is near reaching the $630k goal.
The new milestone of $557k reveals that Bitbot is gaining quick adoption inside the cryptocurrency house. Currently, the $BITBOT token goes for $0.011 however is about to extend to $0.0116 as soon as the fourth spherical commences.
Bitbot’s tokenomics is simple as the event group will maintain 20% of the overall token provide and can use it to fund ongoing growth. 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.
Could Bitbot’s token rally larger in 2024?
The Bitbot presale will likely be concluded within the coming weeks and the token will begin buying and selling on cryptocurrency exchanges. With the fitting stage of adoption, $BITBOT’s value might attain new highs within the coming months and years.
Other exterior components that might positively have an effect on $BITBOT value embody the upcoming Bitcoin halving. The crypto market is anticipated to document a large rally following the halving and this might positively have an effect on Bitbot and different gems available in the market.
