Key takeaways
- Bitcoin continues to battle beneath $62k and will plunge decrease within the brief time period.
- Bitbot has raised $3.3m up to now, with solely two levels of the presale left.
Bitcoin stays beneath $62k
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 $61,254, down by than % within the final seven days.
The poor efficiency comes because the US Federal Reserve just lately dashed hopes of reducing rates of interest within the brief time period. Threat-averse property like Bitcoin proceed to underperform with the rate of interest nonetheless excessive.
What’s Bitbot?
Bitcoin’s boring value efficiency hasn’t affected different actions within the broader crypto market. Presales and airdrops proceed to draw the eye of Degens and different trade contributors.
Bitbot is likely one of the initiatives that’s elevating capital from traders to deal with sure ache factors out there. It’s a Web3 mission that seeks to convey distinctive worth propositions to merchants within the cryptocurrency area. It’s a Telegram buying and selling bot that places the facility within the fingers of the consumer.
In line with their whitepaper, the group describes Bitbot as a self-custodial buying and selling bot that allows customers to commerce through their chilly wallets on Telegram. The answer supplies 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.
Bitbot customers will take pleasure in sure options obtainable solely to institutional traders, 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. In line with 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.
Moreover, the combination of anti-MEV and anti-rug options will assist customers defend their property. These options would guarantee merchants defend their knowledge and property from bots artificially pumping transaction prices and block rip-off initiatives.
With greater than $3.3 million raised up to now, a number of the presale funds will probably be channeled in the direction of integrating Extremely-flexible pockets administration fuelled by non-custodial API know-how.
Lastly, Bitbot may also allow the Cop Buying and selling 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 at the moment in its tenth stage and is drawing nearer to its finish. To date, the mission has raised $3,337,931 of the required $3,546,000 on this present stage. In line with the group, 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 growth group will maintain 20% of the overall token provide and use it to fund ongoing growth. An extra 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.
Do you have to purchase the Bitbot token now?
There are solely two levels left on this presale, which implies the chance to speculate early on this mission is slipping away. Bitbot’s presale continues to draw extra traders regardless of the uneven market circumstances.
Bitbot is trying to achieve large adoption out there by providing distinctive applied sciences that will enable merchants to enhance their buying and selling actions. Its native token could possibly be an enormous winner within the coming months and years with the precise stage of adoption.