Key takeaways
Bitcoin continues to battle beneath $62k and will plunge decrease within the quick time period.
Bitbot has raised $3.3m up to now, 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 not too long ago 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 trade members.
Bitbot is among the tasks that’s elevating capital from traders to handle sure ache factors out there. It’s a Web3 undertaking that seeks to deliver distinctive worth propositions to merchants within the cryptocurrency area. It’s a Telegram buying and selling bot that places the ability within the palms of the consumer.
In accordance with their whitepaper, the workforce describes Bitbot as a self-custodial buying and selling bot that allows customers to commerce by way of their chilly wallets on Telegram. The answer gives merchants with an revolutionary manner of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers.
Bitbot customers will get pleasure from sure options accessible solely to institutional traders, 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 might 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 combination of anti-MEV and anti-rug options will assist customers defend their belongings. These options would guarantee merchants defend their information and belongings from bots artificially pumping transaction prices and block rip-off tasks.
With greater than $3.3 million raised up to now, a number of the presale funds shall be channeled in the direction of integrating Extremely-flexible pockets administration fuelled by non-custodial API expertise.
Lastly, Bitbot will even allow the Cop Buying and selling characteristic, permitting novice merchants to repeat the trades of the strongest-performing wallets primarily based 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. To this point, 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 enhance to $0.0189 as soon as the subsequent spherical commences.
The whitepaper indicated that the Bitbot growth workforce will maintain 20% of the whole 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 speculate early on this undertaking is slipping away. Bitbot’s presale continues to draw extra traders regardless of the uneven market situations.
Bitbot is seeking to achieve huge adoption out there by providing distinctive applied sciences that may 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 fitting stage of adoption.
