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London, United Kingdom, April 10, 2024, Chainwire
Just weeks after hitting seven figures, Bitbot continued its presale success, now with over $2.1 million in the bag, 80,000 Twitter/X followers and over 27,000 in its Telegram community. For the Bitbot team, who are familiar with the market landscape and confident in their compelling product offering, this level of commitment and support comes as no surprise.
Bitbot (BITBOT) is available on the official page.As of October, the Telegram trading bot market had fewer than 10,000 daily active users. However, the market capitalization has grown to around $1.4 billion since last summer. Furthermore, out of the cumulative trading volume of $18 billion, $12 billion was generated in 2024 alone, indicating that the industry is multiplying its momentum every day.
Competitors Banana Gun (nearly +300% token price increase this year) and Maestro (lifetime trading volume $4.7 billion) proved popular, although both suffered from security issues. The Bitbot team sees billions of dollars in untapped potential in the area of Telegram trading bots. The sector just needs a secure alternative to drive the influx of thousands of new users. Such a development could change the current niche status of Telegram trading bots and catapult the sector to a valuation well into the double-digit billions.
Superior features delight investors
Bitbot Technical Product Advisor Andrew Jacobs has carefully guided the team to deliver a product and pre-sale that offers investors the opportunity to engage with a hallmark of security, reliability and innovation in the crypto trading bot space.
“After watching the crypto trading bot market like a hawk, we can confidently say that we have learned and built from the mistakes of others The Tool that makes trading crypto as easy as checking your email. Additionally, with our team of former Wall Street traders and AI-savvy developers, we believe our product offers retail investors a technological advantage over institutions.”
One specific mistake competitors make concerns security. Currently, all Telegram trading bots require users to submit their private keys, leaving users vulnerable to hackers – a fate suffered by Unibot and Maestro.
The Bitbot team sees the vulnerabilities found in Telegram trading bots as a major bottleneck that hinders user acquisition and suppresses market growth. Therefore, Bitbot offers the industry the first opportunity to overcome this critical obstacle.
In a newly released demo – a rarity for pre-sale products – viewers are shown the seamless way users can gain market intelligence and make trades. This is likely to appeal to the legions of casual crypto investors who may have previously been put off by the complexities of crypto trading.
The long-term appreciation potential of the Bitbot token
Despite known security flaws, strong competitors Unibot and Banana Gun currently have a market capitalization of around $130 million and $20 million, respectively. Given that Bitbot's non-custodial approach directly addresses the issues that have held back its competitors, the team is optimistic that the BITBOT token has the crucial ingredient to overtake these competitors in both market cap and market capitalization To outperform token price increases.
The Bitbot team believes Bitbot is positioned as a key player with perfect market timing – with altcoin season likely around the corner – and the impact of the halving. The team is optimistic that this strategic positioning could lead to double-digit returns and potentially make Telegram trading bots the success story of 2024.
Up to 50% of Bitbot's revenue is distributed evenly among BITBOT token holders, enriching the community and giving it the fuel to support the BITBOT token in the long term.
Bitbot (BITBOT) is available on the official page.
About Bitbot
Bitbot is a new Telegram trading bot that aims to provide institutional-level trading tools to retail users, allowing them to trade with 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 provide the world's first non-custodial Telegram trading bot, which reduces opponent risk and increases it through anti-MEV and anti-rugby technology.
For more information about Bitbot (BITBOT), users can visit website.
Official website | White paper | Social networks
Bitbot is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer.
ContactBitbot Press RoomBitbot[email protected]
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