Will crypto trading volumes rise?
Key receivers
BlackRock's Spot Bitcoin ETF saw $1.3 billion in trading volume for the second day in a row.
BTC touched $57K while BitBot's presale was close to $750K.
BlackRock's IBIT trading volume is up.
Thanks to BlackRock's IBIT and Elsewhere Bitcoin ETF, Bitcoin has been doing well since the beginning of the week.
BlackRock's IBIT recorded $1.3 billion in trading volume for the second consecutive day. ETF trading on Tuesday was $1.35 billion, up from $1.3 billion reported on Monday.
The positive performance meant BlackRock's IBIT was the fifth-highest traded among US-listed ETFs during the morning hours. Bitcoin ETFs registered from the spot continue to increase appetite for Bitcoin by institutional investors.
Increasing transaction volume can flow into the crypto market and this is where projects like BitBot can provide excellent use cases for traders and investors.
What is Bitbot?
To understand its value for traders, we must first know what Bitbot is and what it offers.
Bitbot is a web3 project that wants to provide good service to cryptocurrency traders. Telegram Trading Bot provides traders with some interesting features to help them in their cryptocurrency trading journey.
What makes Bitbot unique is that it is a self-managed trading bot that allows users to trade through their Telegram cold wallets. The project is using the Telegram space as a leading social media platform for crypto users.
The team explained that the Bitbot tool comes with several advanced features designed to help traders improve their trading performance. These features are usually available to institutional investors, but Bitbot makes it easy for retail traders to use.
As the trading volume in the crypto market continues to increase, Bitbot seeks to gain greater acceptance in the market. Bitbot may provide services to retail and institutional traders in the cryptocurrency market.
Bitbot's unique business features
Bitbot is a Telegram trading tool that focuses on providing tech-savvy features to simplify the trading process for users. In their white paper, the development team is working on some features for traders to enhance their trading portfolios.
Bitbot mainly focuses on security. It uses the Knightsafe feature to provide a self-protection solution by mitigating the common risks associated with Telegram trading. In addition, Bitbot is deploying anti-MEV and anti-prevention solutions to help users protect their assets. With these features, traders can protect themselves from bots that artificially inflate trading costs and block fraudulent projects.
Bitbot also integrates highly flexible wallet management powered by guardianless API technology to provide an additional layer of security.
Bitbot also introduces a copy trading feature to help new traders navigate the market and build knowledge. This feature allows novice traders to reverse trade the strongest performing wallets based on chain activity.
Bitbot's pre-sale is $750,000
Bitbot's pre-sale is going well and is currently in fourth place. So far, Bitbot has raised $736k of the $862 needed for this stage.
The growing amount of funding shows that Bitbot is attracting interest from investors. The $BITBOT token is currently trading at $0.0116 but is set to increase to $0.0122 after the fifth round begins.
The Bitbot development team explained in the white paper that they will hold 20% of the total token supply and use it to fund further development. Additionally, 14% of the total token supply is allocated to market and CX listings. Also, another 3% is allocated to exchange liquidity.
Click here to read more about Bitbot's upcoming presale.
Can Bitbot Token Rise After Presale?
After being listed on a traditional cryptocurrency exchange, the price of cryptocurrencies may rise after the pre-sale. So far, the Bitbot presale is going well and the token is likely to go higher after listing on CEX and DEXs.
At the right level of adoption, Bitbot can be one of the big winners in this bull cycle. The project can take advantage of the increased trading volume due to the halving of Bitcoin and other external factors in the market.
