Key takeaways
Ether outperforms Bitcoin
Ether, the second-largest cryptocurrency by market cap, has been performing well over the last 24 hours. The coin is up by more than 2% during that period. At press time, the price of Ether stands at $2,362 per coin.
Ether is currently outperforming Bitcoin and a host of other leading cryptocurrencies. Bitcoin is now eyeing the $43,500 mark as the market begins to soar higher.
What is Bitbot?
Market conditions have begun to improve and more investors are looking for quality projects to invest in. One of the projects that could become a leader in the market is Bitbot.
Bitbot is a Web3 project that is set to bring unique value propositions to traders in the cryptocurrency space. It is a Telegram trading bot that puts the power in the hands of the user. Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram.
According to their whitepaper, Bitbot intends to provide an innovative way of trading as it leverages Telegram’s position as a leading social media platform for crypto users.
The team also revealed that Bitbot will provide users with high-end features to help them grow their trading portfolios. Some of these features are institutional grade, granting them access to world-class trading functions.
Bitbot will leverage the rising trading volume in the crypto market to gain massive adoption in the coming months and years.
Bitbot brings technological innovation to traders
Bitbot intends to bring technological innovations that would benefit traders. The development team is working on some exciting tools that would make the trading process easier for its users.
One of Bitbot’s key features is that it prioritises security. According to the team, Bitbot will leverage Knightsafe to offer a self-custody solution. This solution helps in mitigating the typical risks associated with Telegram trading.
The team will use some of the funds raised from the presale to develop anti-MEV and anti-rug solutions for users to protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam projects.
The use of ultra-flexible wallet management fuelled by non-custodial API technology is another security feature available on Bitbot.
To help traders boost profitability, Bitbot is working on a copy trading feature. This feature will enable traders to copy the trades of the strongest-performing wallets based on on-chain activities.
Bitbot’s presale surpasses $400k
The Bitbot presale is now in its third stage and is now moving swiftly. The project has raised more than $440k so far and is more than halfway through the $630,000 target.
The new milestone of $440k shows that Bitbot is gaining fast adoption within the cryptocurrency space. The $BITBOT token is going for $0.011 in the current presale round and will increase to $0.0116 once the fourth round commences.
According to their whitepaper, the Bitbot development team will hold 20% of the total token supply and will use it to fund ongoing development. 14% is allocated to marketing & CEX listings while 3% is allocated to exchange liquidity provision.
Click here to read more about Bitbot’s upcoming presale.
Could Bitbot perform excellently in 2024?
The cryptocurrency market is expected to rally higher in the coming months thanks to the upcoming Bitcoin halving and other important events. These catalysts could result in a Bull Run over the coming months.
If that happens, BITBOT could become one of the biggest winners in the market. As trading volume in the market increases, BITBOT could also see a spike in adoption if it rolls out its features and solutions. The development team is putting in the work to become an excellent project for cryptocurrency traders.
The post Ether tops $2,350 despite a bearish trend: Will it rally towards $2,500 soon? appeared first on CoinJournal.
