- Injective and ORDI surged in intraday trading today, leading the market as analysts predicted a loaded altseason.
- Bitbot has concluded its token sale following a bullish turn in cryptocurrency sentiment.
Injective (INJ) and ORDI (ORDI) are among the altcoins that will see significant gains this week as market expectations for the alt season rise. INJ and ORDI tokens may continue to rise as investors take aggressive positions.
Meanwhile, cryptocurrency traders are bracing as the market is eyeing new momentum for top altcoins, memecoins, RWAs and artificial intelligence (AI) tokens, among other key sectors. What also emerges as a target for traders is BITBOTThis is a new trading bot coming to Telegram.
Find out why investors who missed out on the project’s presale can jump in when the token launches on cryptocurrency exchanges.
Injections surge as investors bet for more profits
Injective, an interoperable layer 1 blockchain for decentralized finance (DeFi), went down for 24 hours.
Trading volume soared more than 90% and the price rose to a high of $30.92. INJ is currently trading above key resistance levels and looks set to strengthen further amid various bullish catalysts.
On June 6, the project team published a new tokenomics paper on the native token INJ, highlighting its usefulness.
The news sent INJ prices higher before rising further. announcementThis sparked more buying, including the integration of Japanese gaming platform Gumi as a validator and the launch of Injective’s first yield synthetic dollar.
Injective also shared more positive developments, especially around GameFi, staking, and the Vietnam Cryptocurrency Conference.
ORDI surges by double digits as Memecoin sparks enthusiasm
ORDI has continued to gain attention since its debut in the Bitcoin ecosystem, launching as the first BRC-20 token on the Ordinals protocol.
On Friday, the price of ORDI surged more than 11%, surpassing $50.
According to the daily chart, bulls could find immediate support above $60, a scenario that would open the all-time high of $95. You can then aim for price discovery above the psychological level of $100.
Bitbot Token Ready for Market Launch
Bitbot, a new Telegram-based trading app, has concluded an impressive pre-sale that raised over $4.3 million.
Investors who participated in the pre-sale will have the opportunity to trade and potentially earn large profits as soon as BITBOT tokens are listed on major exchanges.
While this milestone creates buzz in the market, there is one thing that is even more important to the cryptocurrency community. This is the launch of the world’s first non-custodial Telegram bot.
The biggest reason to be excited is that the trading bot market is rapidly growing into a huge field. Data shows that cumulative bot trading volume across the market has reached more than $25 billion, with average daily volume now exceeding $164 million.
With bots becoming an important tool of the trade, users are now more inclined to look for tools that are not only the most innovative but also offer improved security.
Bitbot stands out in this category as a non-custodial bot. AI integration and availability of anti-MEV and anti-lug pull functions solidify its indispensable outlook.
Following the pre-sale, the Bitbot team announced that its native token BITBOT will be launched on exchanges for trading.
Meanwhile, the main product (bot) is ready for its market debut with features such as trading interface, market data integration and staking. Our developer team is working on non-custodial wallet integration. Ahead of launch.
What else adds to the bullish outlook for Bitbot?
Like most other tokens recording significant gains, Injective and ORDI’s gains come as analysts predict the cryptocurrency is on the cusp of a major alt season.
Pseudonymous cryptocurrency trader and analyst Mustache shared Today, that bullish outlook represents a technical analysis tool that traders use to identify price trends.
The Gaussian Channel indicator on the two-week chart shows an accumulation phase and retest pattern similar to what was seen before the last bull market.
According to the analyst, this indicator suggests that cryptocurrencies may be ready for its “biggest alt season” yet.
Bitbot, which could revolutionize the cryptocurrency trading market on Telegram, has the potential to deliver outstanding results.