Key takeaways
- Bitcoin continues to wrestle beneath $62k and will plunge decrease within the quick time period.
- Bitbot has raised $3.3m to date, with solely two phases of the presale left.
Bitcoin stays beneath $62k
Bitcoin has been struggling in latest weeks and will report additional losses if the market situation persists. At press time, the value of Bitcoin stands at $61,254, down by than % within the final seven days.
The poor efficiency comes because the US Federal Reserve just lately dashed hopes of chopping rates of interest within the quick time period. Threat-averse belongings like Bitcoin proceed to underperform with the rate of interest nonetheless excessive.
What’s Bitbot?
Bitcoin’s boring value 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 likely one of the initiatives that’s elevating capital from buyers to handle sure ache factors available in the market. It’s a Web3 undertaking that seeks to carry distinctive worth propositions to merchants within the cryptocurrency house. It’s a Telegram buying and selling bot that places the ability within the arms of the person.
In accordance with their whitepaper, the workforce describes Bitbot as a self-custodial buying and selling bot that allows customers to commerce through their chilly wallets on Telegram. The answer supplies merchants with an modern means of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers.
Bitbot customers will take pleasure in 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 would assist retail merchants excel within the cryptocurrency market. In accordance with 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 mixing of anti-MEV and anti-rug options will assist customers defend their belongings. These options would guarantee merchants defend their knowledge and belongings from bots artificially pumping transaction prices and block rip-off initiatives.
With greater than $3.3 million raised to date, a number of the presale funds can be channeled in direction of integrating Extremely-flexible pockets administration fuelled by non-custodial API know-how.
Lastly, Bitbot may even allow the Cop Buying and selling function, 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 the moment in its tenth stage and is drawing nearer to its finish. Up to now, the undertaking has raised $3,337,931 of the required $3,546,000 on this present stage. In accordance with the workforce, there are solely two presale phases left.
The $BITBOT token goes for $0.0180 within the present presale spherical and can improve to $0.0189 as soon as the following spherical commences.
The whitepaper indicated that the Bitbot growth workforce will maintain 20% of the overall token provide and use it to fund ongoing growth. An extra 14% is allotted to advertising and marketing & CEX listings whereas 3% is allotted to change liquidity provision.
Click on right here to learn extra about Bitbot’s upcoming presale.
Do you have to purchase the Bitbot token now?
There are solely two phases left on this presale, which suggests the chance to take a position early on this undertaking is slipping away. Bitbot’s presale continues to draw extra buyers regardless of the uneven market situations.
Bitbot is trying to achieve large adoption available in the market by providing distinctive applied sciences that will enable merchants to enhance their buying and selling actions. Its native token may very well be a giant winner within the coming months and years with the precise degree of adoption.