As BitBot token sales continue to grow, there is plenty of room for a Crypto bull run.

Cryptocurrencies have continued their impressive run this year, outperforming traditional assets like stocks and commodities. Bitcoin has jumped 57% in 2024, beating the tech-heavy Nasdaq 100 index, which is up just 7.25%.

Cryptocurrencies are booming.

Cryptocurrencies in particular have beaten gold. And most analysts now predict that the iShares Bitcoin Trust (IBIT) will have more assets than the SPDR Gold ETF (GLD), which has more than $56 billion in assets. IBIT raised about $13 billion in two months.

The token sale is also doing well. As we wrote recently, Bitcoin Dogs has raised more than $9 million in the last 30 days, making it the fastest growing token sale this year. BitBot, another token, is close to raising more than 1 million dollars.

The trend in the cryptocurrency market is expected to continue in the future. For one, demand for Bitcoin from institutional investors is increasing. In a tweet, respected billionaire Bill Ackman said he might consider investing in Bitcoin.

Condition:

An increase in the price of Bitcoin leads to increased mining and higher energy use, which drives up energy prices, which leads to higher inflation and a lower dollar value, which increases demand for Bitcoin and increases mining, which drives energy demand and the cycle continues.

Bitcoin…

— Bill Ackman (@BillAckman) March 9, 2024

Another evidence that institutions are doing well is that there are strong returns in most Bitcoin ETFs. The only fund that isn't doing well is Greyscale Bitcoin Trust (GBTC), which has lost a significant amount of money due to high fees.

Meanwhile, the Bitcoin halving is expected to occur in April, leading to further supply challenges. Other coins like Bitcoin Cash, Ethereum Classic and Bitcoin SV will be halved soon.

Another booster for Bitcoin and other cryptocurrencies is the Securities and Exchange Commission's (SEC) approval of the Ethereum ETF this year. That ETF may see more institutional interest at a time when Ethereum supply is shrinking.

The BitBot token sale is doing well.

All of these factors, combined with a potential easing cycle by the Federal Reserve and other central banks, means Bitbot could see more revenue.

BitBot, as you can see in this white paper, is a cryptocurrency project that wants to become a major player in the Telegram bot market.

The developers aim to provide a Telegram bot that sends accurate signals to traders around the world.

This is a very competitive market, the number of these bots is expected to increase in the long term.

The advantage of BitBot is that it is a non-guardian trading bot that is more secure than traditional cases. Additionally, $BITBOT holders will have a revenue sharing feature where they will receive payouts.

Another feature is that these owners are involved in the management process. Like Uniswap, these holders can vote on key issues within the ecosystem, such as fees and direction.

So, with a strong community behind it, there is a good chance that the BitBot token will continue to do well when it finally goes public. Recently, we have seen many new brands like Solama and MAGA Surge. You can buy a Bit Bot token here.