Will it raise $2,500 soon?
Key receivers
Ether has outperformed Bitcoin and a few other major cryptocurrencies after adding more than 2% to its value.
BitBot's pre-sale is now in third place and the team has reached $450K.
Ether is bigger than Bitcoin
Ether, the second largest by market cap, has been performing well in the last 24 hours. The coin has gained more than 2% during this period. At the time of publication, the price of Ether stands at $2,362 per coin.
Ether currently outperforms Bitcoin and a host of other leading cryptocurrencies. Bitcoin is now seeing the $43,500 mark as the market starts to rally.
What is Bitbot?
The market situation has started to improve and many investors are looking for quality projects to invest in. One of the projects that can be the leader in the market is Bitbot.
Bitbot is a Web3 project dedicated to bringing unique value propositions to traders in the crypto space. It is the Telegram trading bot that puts the power in the hands of the user. Bitbot is a self-sustaining trading bot that allows users to trade through their Telegram cold wallets.
According to their white paper, Bitbot intends to provide a new way of marketing as it utilizes Telegram's space as a leading social media platform for crypto users.
The team also stated that Bitbot offers high-end features for users to enhance their trading portfolios. Some of these features are institutional level, which allows them to achieve world-class business activities.
Bitbot will take advantage of the increasing trading volume in the crypto market to achieve greater adoption in the coming months and years.
Bitbot brings technological innovation to traders
Bitbot aims to bring technological innovations that benefit traders. The development team is working on some interesting tools that will make the transaction process easier for the users.
One of the key features of Bitbot is that it prioritizes security. According to the team, Bitbot uses Knightsafe to provide a self-protection solution. This solution helps to reduce the common risks associated with Telegram marketing.
The group will use some of the proceeds from the pre-sale to develop anti-MAV and anti-prevention solutions for consumers to protect their assets. With these features, traders can protect themselves from bots that artificially inflate trading costs and block fraudulent projects.
The use of highly flexible wallet management fueled by trustless API technology is another security feature available on Bitbot.
Bitbot is working on a copy trading feature to help traders increase profitability. This feature allows traders to record trades of the strongest performing wallets based on chain activity.
Bitbot's pre-sale has exceeded $400,000
Bitbot's pre-sale is now in its third phase and is going fast. The project has raised more than $440,000 so far, more than half of its $630,000 goal.
The new milestone of $440k shows that Bitbot is gaining rapid adoption in the cryptocurrency space. The $BITBOT token is currently running at $0.011 in the presale round and will increase to $0.0116 after the fourth round begins.
According to their white paper, the Bitbot development team will hold 20% of the total token supply and use it to fund further development. 14% is allocated to market and CX listings and 3% is allocated to liquid supply exchanges.
Click here to read more about Bitbot's upcoming presale.
Will Bitbot be able to perform well in 2024?
The cryptocurrency market is expected to be higher in the coming months due to the upcoming Bitcoin halving and other important events. These incentives could trigger a bull run in the coming months.
If that happens, BITBOT could be one of the biggest winners in the market. As the volume of trading in the market increases, BITBOT may see a significant increase in adoption if it rolls out its features and solutions. The development team is working to become the best project for cryptocurrency traders.
