London, United Kingdom, May 2, 2024, Chainwire
AI-powered Telegram trading bot, Bitbot, has soared past the $3 million mark in pre-sales after outlining its updated product offering. Bitbot now includes a layer of AI development on its blockchain analysis tool, Gem Scanner. The project has entered Phase 12 of the 15-phase short pre-sale ending this quarter, after which the BITBOT token will be released onto the open market.
The Bitbot community now numbers over 140,000 people, with 110k+ followers on X and a Telegram channel almost 30k. The team at Bitbot hopes to convert many of these into paying customers when the product launches this year.
Presales were bolstered by Bitbot’s recent rebrand, which includes a new website with updated visuals and, most importantly, a spotlight on Bitbot’s AI features. The Bitbot team is optimistic that investing in AI to boost its trading engine is one of the factors likely driving the increased interest in the presale.
Bitbot establishes its status as a groundbreaking project by offering the world’s first non-custodial Telegram trading platform, which ensures that users’ funds are only transferred once transactions are completed. This is combined with an arsenal of AI trading weapons that will give retail investors the firepower they need when competing with the institutions.
Bitbot (BITBOT) is available for purchase on the official site.
Gem Scanner: Merging AI with on-chain analytics
Powered by Bitbot’s proprietary AI, the Gem Scanner aims to discover undervalued, low-cap tokens with the potential to achieve multi-digit rallies.
The Gem Scanner searches major data aggregators such as DEX Screener and Birdeye and combines social media feeds to make predictions based on both market data and audience sentiment.
This productivity-enhancing technology eliminates the dependency on hours of painstaking market analysis. It will generally appeal to retailers and therefore help drive manufacturing adoption. With this offering, the team hopes that Bitbot will take market share away from key competitors Banana Gun and Maestro in the coming year.
AI and blockchain are on the rise
Tech geeks Google and Microsoft both enjoyed it AI-powered stock quotes recently Reuters reported peaks of 10% and 2% respectively.
And with the demand for AI functions exceed capacity In order to supply the market, the sector appears ready for sustainable growth. This is supported by sector forecastswhich outline an expected compound annual growth rate (CAGR) of 28.4% per year until 2030.
Blockchain offers a similar story, with an expected CAGR of 24%. AI crypto tokens are currently valued at just under $20 billion, with a daily trading volume of approximately $900 million, according to Coin gecko.
Bitbot has repositioned itself to meet this growing demand for AI in the crypto market by offering a range of cutting-edge technologies.
Andrew Jacobs, Bitbot’s Technical Product Officer, said of the decision to refocus efforts on AI capabilities:
“Our mission has always been to give our users the tools to help institutions dominate the financial markets, and the benefits our AI delivers are the best equalizer we’ve seen in the market yet. Additionally, AI positioning is currently generating large returns for many projects in the space, and we predict BITBOT holders will feel the benefits.”
Bitbot’s exciting market prospects
With its increased focus on AI, Bitbot is positioned to capitalize on the increasing interest in AI projects. The market has seen notable activity, such as the performance of BitTensor (TAO), an AI coin that underwent significant price changes, rising from $34 last year to $757 in March.
There are also plenty of precedents for strong performance within the Telegram bot sector. Competitors like Banana Gun have experienced this 200% rallies in just six months, and in early April, they saw it 80x profit on the early pre-sale price. With its enhanced security and AI iterations on these first-generation products, the Bitbot team is optimistic about surpassing these results.
About Bitbot
Bitbot is a new AI Telegram trading bot that aims to put trading tools in the hands of institutional users, allowing them to trade using a variety of advanced features including sniping and copy-trading.
Controlled by Solid Proof, Bitbot focuses on security and follows the motto: “Your keys, your wallet, your belongings.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and amplifying it with anti-MEV and anti-back technology.
For more information, 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.
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