Key takeaways
Bitcoin continues to wrestle beneath $62k and will plunge decrease within the quick time period.
Bitbot has raised $3.3m to this point, with solely two phases of the presale left.
Bitcoin stays beneath $62k
Bitcoin has been struggling in latest weeks and will file additional losses if the market situation persists. At press time, the worth of Bitcoin stands at $61,254, down by than 5% within the final seven days.
The poor efficiency comes because the US Federal Reserve not too long ago dashed hopes of reducing rates of interest within the quick time period. Danger-averse property like Bitcoin proceed to underperform with the rate of interest nonetheless excessive.
What’s Bitbot?
Bitcoin’s boring worth efficiency hasn’t affected different actions within the broader crypto market. Presales and airdrops proceed to draw the eye of Degens and different business members.
Bitbot is without doubt one of the tasks that’s elevating capital from buyers to handle sure ache factors out there. It’s a Web3 challenge that seeks to carry distinctive worth propositions to merchants within the cryptocurrency area. It’s a Telegram buying and selling bot that places the facility within the fingers of the person.
Based on their whitepaper, the workforce describes Bitbot as a self-custodial buying and selling bot that permits customers to commerce through their chilly wallets on Telegram. The answer gives merchants with an revolutionary method of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers.
Bitbot customers will get pleasure from sure options obtainable solely to institutional buyers, making it simpler for merchants to develop their buying and selling portfolios.
Bitbot’s tech targets retail merchants
Bitbot is rolling out tech options that might assist retail merchants excel within the cryptocurrency market. Based on their whitepaper, Bitbot will leverage the Knightsafe to supply a self-custody answer. This answer helps in mitigating the everyday dangers related to Telegram buying and selling.
Moreover, the combination of anti-MEV and anti-rug options will assist customers shield their property. These options would guarantee merchants shield their knowledge and property from bots artificially pumping transaction prices and block rip-off tasks.
With greater than $3.3 million raised to this point, a few of the presale funds can be channeled in the direction of integrating Extremely-flexible pockets administration fuelled by non-custodial API know-how.
Lastly, Bitbot can even allow the Cop Buying and selling characteristic, permitting novice merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.
Bitbot’s presale tops $3.3m
The Bitbot presale is at present in its tenth stage and is drawing nearer to its finish. To this point, the challenge has raised $3,337,931 of the required $3,546,000 on this present stage. Based on the workforce, there are solely two presale phases left.
The $BITBOT token goes for $0.0180 within the present presale spherical and can enhance to $0.0189 as soon as the subsequent spherical commences.
The whitepaper indicated that the Bitbot improvement workforce will maintain 20% of the entire token provide and use it to fund ongoing improvement. A further 14% is allotted to advertising & CEX listings whereas 3% is allotted to trade liquidity provision.
Click on right here to learn extra about Bitbot’s upcoming presale.
Must you purchase the Bitbot token now?
There are solely two phases left on this presale, which implies the chance to take a position early on this challenge is slipping away. Bitbot’s presale continues to draw extra buyers regardless of the uneven market situations.
Bitbot is seeking to acquire huge adoption out there by providing distinctive applied sciences that will permit merchants to enhance their buying and selling actions. Its native token could possibly be an enormous winner within the coming months and years with the proper stage of adoption.
