Key takeaways
Bitcoin’s promoting stress continues as BTC dips under $40k
Bitcoin, the world’s primary cryptocurrency by market cap, has been underperforming over the previous couple of days. It’s down by greater than 20% for the reason that spot Bitcoin exchange-traded funds (ETFs) had been authorised two weeks in the past.
At press time, the price of Bitcoin stands at $39,761, down by roughly 1% within the final 24 hours. Regardless of the present bearish development, market contributors nonetheless anticipate the bull market to launch in full pressure this yr.
The Bitcoin halving is barely three months away and it often indicators the start of a Bull Run. If the bullish cycle commences this yr, Bitcoin and altcoins may file large features within the coming months.
What’s Bitbot?
The present bearish development out there hasn’t put a dent within the Bitbot presale. It has been every week for the reason that Bitbot presale started and it has already crossed an essential milestone.
The rising demand for Bitbot’s token might be attributed to its distinctive worth proposition out there. Bitbot is a Telegram buying and selling bot that places the facility within the arms of the person. It’s a self-custodial buying and selling bot that permits customers to commerce through their chilly wallets on Telegram.
Bitbot gives an revolutionary method of buying and selling because it leverages Telegram’s place as one of many main social media platforms for crypto customers.
Per the event workforce, Bitbot will present quite a few highly effective options to assist merchants develop their buying and selling portfolios. The options could be institutional-grade, granting them entry to world-class buying and selling features.
The Bitbot workforce contains people with huge expertise in numerous fields together with conventional finance and blockchain. With Bitcoin anticipated to achieve new highs within the coming months, buying and selling quantity will skyrocket within the crypto market if that occurs.
Bitbot’s buying and selling improvements
Bitbot is working to develop glorious buying and selling instruments for merchants. With the fitting stage of adoption, its native token may change into one of many greatest winners within the bull cycle.
An thrilling side of Bitbot is that the device prioritises safety. In line with the workforce, Bitbot will work with Knightsafe to supply a self-custody answer. Thus, mitigating the everyday dangers related to Telegram buying and selling.
A part of the funds raised from the presale will probably be directed in the direction of the event of anti-MEV and anti-rug options for customers to guard their property. These options would allow merchants to guard themselves from bots artificially pumping transaction prices and block rip-off initiatives.
BitBot makes use of an ultra-flexible pockets administration fuelled by non-custodial API expertise. The buying and selling device additionally makes use of the open-source sensible contract pockets to supply a method superior safety stage for the non-custodial answer to customers.
Bitbot is engaged on a duplicate buying and selling function that might enable traders to repeat the trades of the strongest performing wallets based mostly on on-chain actions; predicted to be probably the most fashionable points of the product.
Bitbot raises over $300k in every week
The Bitbot presale is transferring on excellently. The workforce has raised greater than $300k every week after the presale started. The presale is at present in its second stage and the workforce is near reaching the $410,000 goal set for this spherical.
The brand new milestone of $300k reveals that Bitbot is gaining quick adoption throughout the cryptocurrency area. The $BITBOT token goes for $0.0105 within the present presale spherical and can improve to $0.011 as soon as the third spherical commences.
Per the whitepaper, 20% of tokens will probably be held by the Bitbot improvement workforce to fund ongoing improvement. 14% to advertising & CEX listings whereas 3% is allotted to change liquidity provision.
Click here to learn extra about Bitbot’s upcoming presale.
May Bitbot be a high performer in 2024?
The US SEC has already authorised spot Bitcoin ETFs and the Bitcoin halving is 89 days away. These catalysts may assist push Bitcoin’s worth to a brand new all-time excessive this yr and the broader crypto market may gain advantage.
The Bull Run may favour low-cap gems and Bitbot could possibly be one of many greatest winners. Bitbot is placing within the work to change into a superb mission for cryptocurrency merchants.