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Key takeaways

• Ether is outperforming Bitcoin and some different main cryptocurrencies after including greater than 2% to its worth.

• Bitbot’s presale is now within the third stage and the workforce has raised almost $450k.

Ether outperforms Bitcoin 

Ether, the second-largest cryptocurrency by market cap, has been performing properly during the last 24 hours. The coin is up by greater than 2% throughout that interval. At press time, the price of Ether stands at $2,362 per coin. 

Ether is at present outperforming Bitcoin and a bunch of different main cryptocurrencies. Bitcoin is now eyeing the $43,500 mark because the market begins to soar larger. 

What is Bitbot? 

Market situations have begun to enhance and extra buyers are on the lookout for high quality initiatives to spend money on. One of the initiatives that might change into a frontrunner available in the market is Bitbot. 

Bitbot is a Web3 venture that’s set to deliver distinctive worth propositions to merchants within the cryptocurrency house. It is a Telegram buying and selling bot that places the ability within the arms of the consumer. Bitbot is a self-custodial buying and selling bot that allows customers to commerce through their chilly wallets on Telegram. 

According to their whitepaper, Bitbot intends to supply an revolutionary approach of buying and selling as it leverages Telegram’s place as a number one social media platform for crypto customers. 

The workforce additionally revealed that Bitbot will present customers with high-end options to assist them develop their buying and selling portfolios. Some of those options are institutional grade, granting them entry to world-class buying and selling capabilities.

Bitbot will leverage the rising buying and selling quantity within the crypto market to realize huge adoption within the coming months and years. 

Bitbot brings technological innovation to merchants

Bitbot intends to deliver technological improvements that might profit merchants. The improvement workforce is engaged on some thrilling instruments that might make the buying and selling course of simpler for its customers. 

One of Bitbot’s key options is that it prioritises safety. According to the workforce, Bitbot will leverage Knightsafe to supply a self-custody answer. This answer helps in mitigating the everyday dangers related to Telegram buying and selling.

The workforce will use among the funds raised from the presale 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.

The use of ultra-flexible pockets administration fuelled by non-custodial API know-how is one other safety characteristic obtainable on Bitbot. 

To assist merchants enhance profitability, Bitbot is engaged on a replica buying and selling characteristic. This characteristic will allow merchants to repeat the trades of the strongest-performing wallets primarily based on on-chain actions.

Bitbot’s presale surpasses $400k

The Bitbot presale is now in its third stage and is now shifting swiftly. The venture has raised greater than $440k thus far and is greater than midway via the $630,000 goal. 

The new milestone of $440k reveals that Bitbot is gaining quick adoption throughout the cryptocurrency house. The $BITBOT token goes for $0.011 within the present presale spherical and can improve to $0.0116 as soon as the fourth spherical commences. 

According to their whitepaper, the Bitbot improvement workforce will maintain 20% of the full token provide and can use it to fund ongoing improvement. 14% is allotted to advertising and marketing & CEX listings whereas 3% is allotted to alternate liquidity provision.

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

Could Bitbot carry out excellently in 2024? 

The cryptocurrency market is predicted to rally larger within the coming months due to the upcoming Bitcoin halving and different essential occasions. These catalysts may lead to a Bull Run over the approaching months.

If that occurs, BITBOT may change into one of many largest winners available in the market. As buying and selling quantity available in the market will increase, BITBOT may additionally see a spike in adoption if it rolls out its options and options. The improvement workforce is placing within the work to change into a superb venture for cryptocurrency merchants.