London, United Kingdom, April 10th, 2024, Chainwire
Mere weeks after hitting seven figures, Bitbot has continued its presale success, now with over $2.1 million in the bag, 80k Twitter/X followers, and over 27k in its Telegram community. For the Bitbot team, familiar with the market landscape and confident in their compelling product offering, this level of engagement and support comes as no surprise.
Bitbot (BITBOT) is available to buy on the official site.
Back in October, the Telegram trading bot market had under 10k daily active users. However, it has grown to around $1.4 billion in market cap since last summer. What’s more, out of the $18 billion cumulative trading volume, $12 billion of that was generated in 2024 alone, indicating that the industry is multiplying its momentum every single day.
Competitors Banana Gun (near +300% token price gains this year) and Maestro (lifetime trading volume, $4.7 billion) have proven popular despite both suffering security mishaps. The Bitbot team views this as billions of dollars in untapped potential in the Telegram trading bot space. The sector merely requires a secure alternative to catalyze an influx of thousands of new users. Such a development could transform the current niche status of Telegram trading bots, propelling the sector to a valuation well into the tens of billions.
Superior Features Are Reeling in the Investors
Bitbot’s Technical Product Advisor, Andrew Jacobs, has been carefully guiding the team to deliver a product and a presale that offers investors the opportunity to engage with a hallmark of safety, reliability, and innovation in the crypto trading bot arena.
“After watching the crypto trading bot market like a hawk, we can confidently say that we’ve learned from other people’s mistakes and built the tool to make trading crypto as easy as checking your emails. Plus, with our team of ex-Wall Street traders and AI savvy devs, we believe our product offers the retail investor a technological advantage over the institutions.”
One specific mistake competitors are making is on the security front. Currently, all Telegram trading bots require users to submit their private keys, leaving users vulnerable to hackers—a fate that Unibot and Maestro suffered.
The Bitbot team views the vulnerabilities found in Telegram trading bots as a major bottleneck, hindering user acquisition and suppressing market growth. Consequently, Bitbot is offering the industry its first chance to overcome this critical obstacle.
In a newly released demo—a rare occurrence for products in presale—viewers are shown the frictionless manner in which users can gain market intelligence and place trades. This is likely to appeal to the legions of casual crypto investors who may have previously been scared off by the complexities of crypto trading.
The Bitbot Token’s Long Term Appreciation Potential
Even with security flaws on their record, solid competitors Unibot and Banana Gun currently have market caps sitting at around $130 million and $20 million, respectively. Given that Bitbot’s non-custodial approach directly addresses the issues that have been holding its competitors back, the team is optimistic that the BITBOT token possesses the key ingredient to surpass these competitors in both market cap and token price gains.
Bitbot’s team believes that with perfect market timing—as altcoin season is likely just around the corner—and the impact of the Bitcoin halving, Bitbot is positioned as a key player. The team is optimistic that this strategic positioning could lead to double-digit returns, potentially making Telegram trading bots the success story of 2024.
Up to 50% of Bitbot’s revenue will be evenly distributed amongst BITBOT token holders, enriching the community and giving it the fuel to support the BITBOT token long term.
Bitbot (BITBOT) is available to buy on the official site.
About Bitbot
Bitbot is a new Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable 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 reinforcing this with anti-MEV and anti-rug technology.
For more information on Bitbot (BITBOT), users can visit the website.
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Bitbot is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Contact
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pr@bitbot.com