London, UK, May 2, 2024, Chainwire
Bitbot, an AI-powered Telegram trading bot, has surpassed $3 million in pre-sales after announcing an updated product offering. Bitbot now includes an AI development layer in its blockchain analysis tool, Gem Scanner. The project has entered phase 12 of a 15-short presale by the end of this quarter, at which point BITBOT tokens will be launched on the public market.
The Bitbot community currently numbers over 140,000 people. X 110,000+ followers Our Telegram channel is close to 30k. The Bitbot team hopes to convert a significant portion of these into paying customers when the product launches this year.
Pre-sales were supported by Bitbot’s recent rebranding, which included a new website with updated visuals and, most importantly, a spotlight on Bitbot’s AI capabilities. The Bitbot team is optimistic that investing in AI to power its trading engine is one of the factors driving interest in the pre-sale.
Bitbot is the world’s first non-custodial The Telegram trading platform ensures that users’ funds are transferred only after the transaction is completed. This, combined with an AI trading arsenal that gives retail investors the firepower they need when competing with institutions.
BITBOT can be purchased at: official site.
Gem Scanner: Merging AI with On-Chain Analytics
Powered by Bitbot’s proprietary AI, Gem Scanner aims to find undervalued and undervalued tokens with the potential to achieve multi-digit appreciation.
Gem Scanner searches the best data collectors like DEX Screener and Birdeye while combining social media feeds to make predictions based on market data and audience sentiment.
This productivity-enhancing technology eliminates the need to conduct hours of meticulous market analysis. This will generally grab the attention of retailers and help drive production adoption. The team hopes that the offering will allow Bitbot to steal market share from its main competitors Banana Gun and Maestro next year.
AI and blockchain are on the rise
Tech stalwarts Google and Microsoft have seen their stocks soar recently due to AI, with Reuters reporting jumps of 10% and 2% respectively.
And the industry is likely to see continued growth as demand for AI capabilities exceeds market supply capacity. This is supported by sector forecasts predicting a compound annual growth rate (CAGR) of 28.4% through 2030.
Blockchain offers a similar story, with a CAGR expected to be 24%. AI cryptocurrency tokens are currently valued at less than $20 billion, with daily trading volume of around $900 million, according to CoinGecko.
Bitbot has repositioned itself to meet the growing demand for AI in the cryptocurrency market by offering a variety of advanced technologies.
Andrew Jacobs, head of technical products at Bitbot, said of the decision to refocus efforts on AI capabilities:
“Our mission has always been to provide users with the tools that enable institutions to dominate financial markets, and the benefits provided by AI are the greatest equalizer the market has ever seen. Moreover, AI positioning is currently generating significant returns for many projects in this field, and we expect BITBOT holders to feel the benefits.”
Bitbot’s Interesting Market Outlook
As interest in AI grows, Bitbot is positioned to participate in the growing interest in AI projects. The market has observed notable activity, with the performance of BitTensor (TAO), an AI coin that has experienced significant price fluctuations, rising from $34 last year to $757 in March.
There is plenty of precedent for strong performance within the Telegram bot sector as well. Competitors such as Banana Gun have experienced a 200% increase in just six months, and by early April they were making 80x their initial sale price. With improved security and AI iterations of these first-generation products, the Bitbot team is optimistic that they will surpass these results.
Introduction to Bitbot
Bitbot is a new AI Telegram trading bot that puts institutional-grade trading tools into the hands of retail users, allowing them to trade using a variety of advanced features, including sniping and copy trading.
Audited by Solid Proof, Bitbot focuses on security and follows the motto “Your keys, your wallet, your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and enhancing it with anti-MEV and anti-lug technologies.
For more information, users can visit: Website.
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The source of this content is Bitbot. This press release is provided for informational purposes only. The information does not constitute investment advice or an investment recommendation.
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