London, United Kingdom, April 10, 2024, Chainwire
Just weeks after reaching seven figures, Bitbot has continued its pre-sale success, now with over $2.1 million in pocket, 80,000 Twitter/X followers and over 27,000 in the Telegram community. For the Bitbot team, who are familiar with the market landscape and confident in their attractive product offering, this level of commitment and support comes as no surprise.
Bitbot (BITBOT) is available for purchase on the official site.
In October, the Telegram trading bot market had fewer than 10,000 daily active users. However, it has grown to approx Market capitalization of $1.4 billion since last summer. What’s more, out of the Cumulative trading volume of $18 billion$12 billion of that was generated in 2024 alone, indicating that the industry is multiplying its momentum every day.
Competitors Banana Gun (at +300% symbolic price gains this year) and Maestro (lifetime trading volume, $4.7 billion) have proven popular, despite both suffering safety mishaps. The Bitbot team sees this as billions of dollars of untapped potential in the Telegram trading bot space. The industry just needs a secure alternative to catalyze an influx of thousands of new users. Such a development could transform the current niche status of Telegram trading bots, propelling the industry to a valuation well into the tens of billions.
Superior features attract investors
Bitbot’s Technical Product Advisor, Andrew Jacobs, has carefully guided the team to deliver a product and pre-sale that offers investors the opportunity to participate in a hallmark of security, reliability and innovation in the crypto trading bot arena.
“Having watched the crypto trading bot market like a hawk, we can confidently say that we have learned from the mistakes of others and built the tool to make crypto trading as easy as checking your emails. Furthermore, together with our team of ex-Wall Street traders and AI-savvy developers, we believe our product offers the retail investor a technological advantage over institutions.”
One specific mistake competitors make is on the safety front. Currently, all of Telegram’s trading bots require users to submit their private keys, leaving users vulnerable to hackers – a fate suffered by Unibot and Maestro.
The Bitbot team sees the vulnerabilities in Telegram’s trading bots as a major bottleneck, hindering user acquisition and stifling market growth. Consequently, Bitbot offers the industry the first opportunity to overcome this critical obstacle.
In a newly released demo– a rare occurrence for pre-sale products – viewers will see the frictionless way users can obtain market information and place trades. This will likely appeal to the legions of casual crypto investors who may have previously been put off by the complexity of crypto trading.
The long-term appreciation potential of the Bitbot token
Even with security flaws on their recordSolid competitors Unibot and Banana Gun currently have market caps of around $130 million and $20 million, respectively. Given that Bitbot’s non-custodial approach directly addresses the issues holding its competitors back, the team is optimistic that the BITBOT token holds the key ingredient to surpass these competitors in both market capitalization and token price gains.
The Bitbot team believes that thanks to perfect market timing – as altco season is likely just around the corner – and the impact of Bitcoin’s halving, Bitbot can be positioned as a major player. The team is optimistic that this strategic positioning could lead to double-digit returns, potentially making Telegram’s trading bots the success story of 2024.
Up to 50% of Bitbot’s revenue will be distributed evenly among BITBOT token holders, enriching the community and providing the fuel to support the BITBOT token in the long term.
Bitbot (BITBOT) is available for purchase on the official site.
About Bitbot
Bitbot is a new trading bot from Telegram 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 about Bitbot (BITBOT), 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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