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Key takeaways

• Bitcoin just lately touched the $50k degree for the primary time since December 2021.

• Altcoins may rally larger quickly and this might see elevated investments in initiatives like Bitbot. 

Bitcoin’s rally to $50k may see extra funding in cryptos

The cryptocurrency market has been bullish for the reason that begin of the 12 months and Bitcoin’s newest rally may lead to extra investments in altcoins. Bitcoin, the world’s main cryptocurrency by market cap, just lately touched the $50k mark for the primary time since December 2021.

The rally comes because of growing inflows into spot Bitcoin exchange-traded funds (ETFs). As extra retail and institutional buyers enter the crypto market, there might be a deal with new and thrilling initiatives.

Bitbot could possibly be one of many initiatives that seize buyers’ consideration because of its distinctive worth proposition. 

What is Bitbot? 

Bitbot is a Web3 undertaking that’s set to offer glorious companies to cryptocurrency merchants. It is a Telegram buying and selling bot that provides customers glorious options, enabling them to excel at crypto buying and selling. 

Bitbot is a self-custodial buying and selling bot that allows customers to commerce through their chilly wallets on Telegram. What makes Bitbot an thrilling undertaking is the progressive approaches it intends to offer merchants. The software will leverage Telegram’s place as a number one social media platform for crypto customers. 

The group additionally revealed that Bitbot will present customers with high-end options to assist them develop their buying and selling portfolios. These options are institutional-grade and can grant merchants entry to world-class buying and selling features. 

As Bitcoin hits $50k, buying and selling quantity out there will increase. Bitbot intends to make the most of the rising buying and selling quantity within the crypto market to realize large adoption within the coming months and years. 

Bitbot’s technological method to buying and selling

Bitbot is a singular undertaking as a result of it is going to roll out technological improvements that might profit merchants. The group is engaged on some instruments that might ease the buying and selling course of for its customers. 

According to their whitepaper, safety is without doubt one of the main focus of the Bitbot software. Bitbot will leverage Knightsafe to supply a self-custody answer, mitigating the standard dangers related to Telegram buying and selling.

Furthermore, a part of the funds raised from the presale can be used to develop anti-MEV and anti-rug options for customers to guard their property. With these options, merchants can defend themselves from bots artificially pumping transaction prices and block rip-off initiatives.

In addition to that, Bitbot will use ultra-flexible pockets administration fuelled by non-custodial API expertise to offer an added layer of safety to the customers. 

With the copy buying and selling function, Bitbot will make it simpler to spice up the profitability degree of merchants. The function will enable merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.

Bitbot’s presale rakes in $557k

The Bitbot presale is shifting excellently and has raised greater than $550k. The presale is within the third stage and is near reaching the $630k goal. 

The new milestone of $557k reveals that Bitbot is gaining quick adoption inside the cryptocurrency area. Currently, the $BITBOT token goes for $0.011 however is about to extend to $0.0116 as soon as the fourth spherical commences. 

Bitbot’s tokenomics is straightforward as the event group will maintain 20% of the whole token provide and can use it to fund ongoing improvement. 14% is allotted to advertising & CEX listings whereas 3% is allotted to alternate liquidity provision.

Click here to learn extra about Bitbot’s upcoming presale. 

Could Bitbot’s token rally larger in 2024? 

The Bitbot presale might be concluded within the coming weeks and the token will begin buying and selling on cryptocurrency exchanges. With the fitting degree of adoption, $BITBOT’s worth may attain new highs within the coming months and years.

Other exterior elements that might positively have an effect on $BITBOT worth embrace the upcoming Bitcoin halving. The crypto market is anticipated to document a large rally following the halving and this might positively have an effect on Bitbot and different gems out there.