Key takeaways
Bitcoin’s promoting stress continues as BTC dips below $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% because the spot Bitcoin exchange-traded funds (ETFs) have been accredited two weeks in the past.
At press time, the value of Bitcoin stands at $39,761, down by roughly 1% within the final 24 hours. Regardless of the present bearish development, market members nonetheless count on the bull market to launch in full power this 12 months.
The Bitcoin halving is barely three months away and it often alerts the start of a Bull Run. If the bullish cycle commences this 12 months, Bitcoin and altcoins may file large positive factors within the coming months.
What’s Bitbot?
The present bearish development available in the market hasn’t put a dent within the Bitbot presale. It has been every week because the Bitbot presale started and it has already crossed an essential milestone.
The rising demand for Bitbot’s token may be attributed to its distinctive worth proposition available in the market. Bitbot is a Telegram buying and selling bot that places the ability within the palms of the person. It’s a self-custodial buying and selling bot that allows customers to commerce by way of their chilly wallets on Telegram.
Bitbot supplies an modern means of buying and selling as it leverages Telegram’s place as one of many main social media platforms for crypto customers.
Per the event staff, Bitbot will present quite a few highly effective options to assist merchants develop their buying and selling portfolios. The options can be institutional-grade, granting them entry to world-class buying and selling features.
The Bitbot staff 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 proper stage of adoption, its native token may change into one of many largest winners within the bull cycle.
An thrilling side of Bitbot is that the device prioritises safety. Based on the staff, 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 likely 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 tasks.
BitBot makes use of an ultra-flexible pockets administration fuelled by non-custodial API know-how. The buying and selling device additionally makes use of the open-source sensible contract pockets to offer a means superior safety stage for the non-custodial answer to customers.
Bitbot is engaged on a replica buying and selling function that might permit traders to repeat the trades of the strongest performing wallets primarily based on on-chain actions; predicted to be one of the crucial common elements of the product.
Bitbot raises over $300k in every week
The Bitbot presale is shifting on excellently. The staff has raised greater than $300k every week after the presale started. The presale is at present in its second stage and the staff is near reaching the $410,000 goal set for this spherical.
The brand new milestone of $300k exhibits that Bitbot is gaining quick adoption inside the cryptocurrency house. 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 likely be held by the Bitbot growth staff to fund ongoing growth. 14% to advertising and marketing & CEX listings whereas 3% is allotted to alternate liquidity provision.
Click here to learn extra about Bitbot’s upcoming presale.
Might Bitbot be a high performer in 2024?
The US SEC has already accredited spot Bitcoin ETFs and the Bitcoin halving is 89 days away. These catalysts may assist push Bitcoin’s value to a brand new all-time excessive this 12 months and the broader crypto market may gain advantage.
The Bull Run may favour low-cap gems and Bitbot might be one of many largest winners. Bitbot is placing within the work to change into a superb undertaking for cryptocurrency merchants.
