Key Takeaways
Bitcoin recently reached the $50,000 level for the first time since December 2021.
Altcoins could soon rise higher, which could lead to increased investment in projects like Bitbot.
If Bitcoin rises to $50,000, more investments may be made in the cryptocurrency.
Cryptocurrency markets have been strong since the beginning of the year, and Bitcoin’s recent rally may lead to more investments in altcoins. Bitcoin, the world’s leading cryptocurrency by market capitalization, recently surpassed $50,000 for the first time since December 2021.
This rally was driven by increased inflows into Bitcoin spot ETFs (exchange-traded funds). As more retail and institutional investors enter the cryptocurrency market, new and exciting projects will come into focus.
bitbot Thanks to its unique value proposition, it could be one of the projects that catches the attention of investors.
What is Bitbot?
Bitbot is a Web3 project set up to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that provides users with outstanding features that enable them to excel in cryptocurrency trading.
bitbot It is a self-managed trading bot that allows users to trade through Telegram’s cold wallet. What makes Bitbot such an interesting project is the innovative approach it seeks to offer to traders. The tool will leverage Telegram’s position as the leading social media platform for cryptocurrency users.
The team also revealed that Bitbot will offer users advanced features to help them grow their trading portfolios. These features are institutional level and give traders access to world-class trading capabilities.
When Bitcoin reaches $50,000, trading volume in the market increases. Bitbot plans to leverage the growing trading volume in the cryptocurrency market to secure mass adoption in the coming months and years.
Bitbot’s technical approach to trading
Bitbot is a unique project because it will showcase technological innovations that will benefit traders. The team is developing several tools to ease the trading process for users.
According to the whitepaper, security is one of the main focuses of Bitbot tools. bitbot We will leverage Knightsafe to provide a self-custodial solution to mitigate the common risks associated with Telegram transactions.
Additionally, a portion of the funds raised from the pre-sale will be used to develop anti-MEV and anti-lug solutions to help users protect their assets. These features allow traders to protect themselves from bots that artificially pump trading costs and block fraudulent projects.
In addition, Bitbot will use highly flexible wallet management based on non-custodial API technology to provide users with an additional layer of security.
The copy trading feature makes it easier for Bitbot to increase traders’ profitability levels. This feature allows traders to copy transactions from their best-performing wallets based on on-chain activity.
Bitbot’s pre-sale value is $557,000.
that much bitbot The pre-sale was very successful, raising over $550,000. Pre-sales are in Phase 3 and have nearly reached their $630,000 goal.
The new milestone of $557,000 shows that Bitbot is rapidly gaining adoption in the cryptocurrency space. Currently, the price of $BITBOT token is $0.011, but it is expected to increase to $0.0116 when round 4 begins.
Bitbot’s token economics are easy as the development team holds 20% of the total token supply and uses this to fund ongoing development. 14% is allocated to marketing and CEX listings and 3% to providing exchange liquidity.
Click here Learn more about Bitbot’s upcoming presale.
Could Bitbot’s token go higher in 2024?
The Bitbot pre-sale is expected to be completed in the coming weeks and the tokens will begin trading on cryptocurrency exchanges. With the right level of adoption, the price of $BITBOT could reach new highs in the coming months and years.
Other external factors that could have a positive impact on the $BITBOT price include the upcoming Bitcoin halving. Cryptocurrency markets are expected to post a massive rally following the halving, which could have a positive impact. bitbot And other gems on the market.