Bitbot, the game-changing Telegram trading bot, reaches $2 million in presale – Blockchain News, Opinion, TV & Careers

adminApril 23, 2024

London, UK, April 10, 2024, Chainwire

Just a few weeks after hitting seven figures, Bitbot continues its pre-sale success and now has over $2.1 million in sales, 80,000 Twitter/X followers, and over 27,000 users in its Telegram community. This level of engagement and support is not surprising to the Bitbot team, which is familiar with the market environment and confident in delivering a strong product.

BITBOT can be purchased at: official site.

Last October, the Telegram trading bot market had less than 10,000 daily active users. However, since the summer of last year, its market capitalization has grown to around $1.4 billion. Moreover, out of the cumulative trading volume of $18 billion, $12 billion will be generated in 2024 alone, showing that the industry’s momentum is doubling day by day.

Competitors Banana Gun (token price up nearly 300% this year) and Maestro (lifetime trading volume, $4.7 billion) have proven popular despite suffering security incidents. The Bitbot team sees this as billions of dollars of untapped potential in the Telegram trading bot space. The sector just needs a safe alternative to drive the influx of thousands of new users. These developments could transform the current niche status of Telegram trading bots, pushing the sector’s valuation into tens of billions of dollars.

Outstanding features are luring investors

Andrew Jacobs, Bitbot’s Technical Product Advisor, has carefully guided the team to deliver a product and pre-sale that provides investors with the opportunity to participate in the hallmarks of safety, reliability and innovation in the cryptocurrency trading bot space.

“After watching the cryptocurrency trading bot market like a hawk, we can confidently say that we have learned from the mistakes of others and built ours. that much This tool makes cryptocurrency trading as easy as checking your email. Additionally, with a team of former Wall Street traders and AI-savvy developers, we believe our products give retail investors a technological advantage over institutions.”

One specific mistake that competitors are making is security issues. Currently, all Telegram trading bots require users to submit their private keys, making them vulnerable to hackers. This is the fate that befell Unibot and Maestro.

The Bitbot team considers the vulnerabilities discovered in Telegram trading bots as a major bottleneck, hampering user acquisition and inhibiting market growth. As a result, Bitbot is providing the industry with its first opportunity to overcome this important hurdle.

In a newly released demo (a rare occurrence for a pre-sale product), viewers are shown a seamless way for users to obtain market information and place trades. This is likely to attract the attention of regular cryptocurrency investors who may have previously been intimidated by the complexity of cryptocurrency trading.

Long-term valuation potential of Bitbot tokens

Despite having security flaws on their records, solid competitors Unibot and Banana Gun currently have market capitalizations of around $130 million and $20 million, respectively. Given that Bitbot’s non-custodial approach directly solves the problems that hinder its competitors, the team is optimistic that the BITBOT token possesses the key ingredients to outperform these competitors in both market capitalization and token price growth.

The Bitbot team believes that perfect market timing (altcoin season is likely just around the corner) and the impact of the Bitcoin halving will position Bitbot as a key player. The team is optimistic that this strategic positioning can lead to double-digit revenues, potentially making the Telegram trading bot a success story in 2024.

Up to 50% of Bitbot profits will be distributed equally to BITBOT token holders, enriching the community and providing the fuel to support BITBOT tokens in the long term.

BITBOT can be purchased at: official site.

Introduction to Bitbot

Bitbot is a new Telegram trading bot that aims to put institutional-grade trading tools into the hands of retail users and allow 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 about Bitbot (BITBOT), please 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.