Key takeaways
- BTC continues to wrestle below the $64k stage ahead of the Bitcoin halving occasion in two days.
- Bitbot’s presale is now above $2.5 million.
Bitcoin stays below $64k ahead of halving
Bitcoin has been struggling in latest weeks and will file additional losses if the market situation persists. At press time, the price of Bitcoin stands at $63,030, up by lower than 1% in the final 24 hours.
The poor efficiency comes ahead of the Bitcoin halving occasion in two days. The Bitcoin halving will see Bitcoin mining rewards slash by 50% from 6.25 BTC per block to three.125 BTC.
Historically, the halving occasion leads to an enormous surge in Bitcoin’s worth. However, it stays unclear how Bitcoin will carry out in the close to time period.
What is Bitbot?
While Bitcoin and different main altcoins proceed to underperform, some presales are producing file funding from buyers. Bitbot is one of the initiatives that’s elevating capital from buyers to handle sure ache factors in the market.
Bitbot is a Web3 challenge that’s set to convey distinctive worth propositions to merchants in the cryptocurrency house. It is a Telegram buying and selling bot that places the energy in the palms of the person.
The challenge describes its product as a self-custodial buying and selling bot that allows customers to commerce through their chilly wallets on Telegram. Bitbot gives merchants with an progressive method of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers.
It is ready to supply customers with high-end options to assist merchants develop their buying and selling portfolios. The proper stage of adoption might see Bitbot turn out to be one of the most generally used instruments by cryptocurrency merchants.
Bitbot’s tech might enhance buying and selling possibilities
To enhance the buying and selling possibilities of its customers, Bitbot will likely be introducing a variety of tech improvements. Per their whitepaper. Bitbot will leverage the Knightsafe to supply a self-custody answer. This answer helps in mitigating the typical dangers related to Telegram buying and selling.
The staff is at present growing anti-MEV and anti-rug options to assist customers shield their belongings. With these options, merchants can shield themselves from bots artificially pumping transaction prices and block rip-off initiatives.
Some of the funds generated from the presale may also be used to combine Ultra-flexible pockets administration fuelled by non-custodial API expertise.
The copy-trading function will allow merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.
Bitbot’s presale hits $2.5m
The Bitbot presale is now in its tenth stage and is now transferring swiftly. So far, the challenge has raised $2,506,930 of the required $2,518,000 on this present stage.
Bitbot continues to lift funds from buyers regardless of the poor market situations. The $BITBOT token goes for $0.0155 in the present presale spherical and can enhance to $0.0163 as soon as the eleventh spherical commences.
The whitepaper indicated that the Bitbot improvement staff will maintain 20% of the whole token provide and can use it to fund ongoing improvement. Furthermore, 14% is allotted to advertising and marketing & CEX listings whereas 3% is allotted to change liquidity provision.
Click here to learn extra about Bitbot’s upcoming presale.
Should you purchase the Bitbot token now?
While the crypto market has been underperforming in latest weeks, Bitbot’s presale continues to draw extra buyers. The challenge seeks to take benefit of the rising buying and selling quantity in the market to draw extra customers.
Bitbot is seeking to acquire huge adoption in the market by providing distinctive applied sciences that might enable merchants to enhance their buying and selling actions. BITBOT might turn out to be one of the largest winners on this cycle with the proper stage of adoption. As buying and selling quantity in the market will increase, BITBOT might additionally see a surge in adoption if it rolls out its options and options.
