Key takeaways
BTC continues to wrestle under the $64k stage forward of the Bitcoin halving occasion in two days.
Bitbot’s presale is now above $2.5 million.
Bitcoin stays under $64k forward of halving
Bitcoin has been struggling in current weeks and will document additional losses if the market situation persists. At press time, the value of Bitcoin stands at $63,030, up by lower than 1% within the final 24 hours.
The poor efficiency comes forward of the Bitcoin halving occasion in two days. The Bitcoin halving will see Bitcoin mining rewards slash by 50% from 6.25 BTC per block to three.125 BTC.
Traditionally, the halving occasion leads to an enormous surge in Bitcoin’s value. Nonetheless, it stays unclear how Bitcoin will carry out within the close to time period.
What’s Bitbot?
Whereas Bitcoin and different main altcoins proceed to underperform, some presales are producing document funding from traders. Bitbot is among the tasks that’s elevating capital from traders to deal with sure ache factors available in the market.
Bitbot is a Web3 undertaking that’s set to convey distinctive worth propositions to merchants within the cryptocurrency area. It’s a Telegram buying and selling bot that places the ability within the arms of the person.
The undertaking describes its product as a self-custodial buying and selling bot that allows customers to commerce by way of their chilly wallets on Telegram. Bitbot gives merchants with an modern approach of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers.
It’s set to supply customers with high-end options to assist merchants develop their buying and selling portfolios. The best stage of adoption may see Bitbot turn into one of the broadly used instruments by cryptocurrency merchants.
Bitbot’s tech may enhance buying and selling probabilities
To enhance the buying and selling possibilities of its customers, Bitbot will probably be introducing a variety of tech improvements. Per 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.
The crew is at present creating anti-MEV and anti-rug options to assist customers shield their property. With these options, merchants can shield themselves from bots artificially pumping transaction prices and block rip-off tasks.
A few of the funds generated from the presale will even be used to combine Extremely-flexible pockets administration fuelled by non-custodial API expertise.
The copy-trading characteristic will allow merchants to repeat the trades of the strongest-performing wallets primarily based on on-chain actions.
Bitbot’s presale hits $2.5m
The Bitbot presale is now in its tenth stage and is now shifting swiftly. Up to now, the undertaking has raised $2,506,930 of the required $2,518,000 on this present stage.
Bitbot continues to boost funds from traders regardless of the poor market circumstances. The $BITBOT token goes for $0.0155 within the present presale spherical and can enhance to $0.0163 as soon as the eleventh spherical commences.
The whitepaper indicated that the Bitbot improvement crew will maintain 20% of the whole token provide and can use it to fund ongoing improvement. Moreover, 14% is allotted to advertising & CEX listings whereas 3% is allotted to alternate liquidity provision.
Click on right here to learn extra about Bitbot’s upcoming presale.
Must you purchase the Bitbot token now?
Whereas the crypto market has been underperforming in current weeks, Bitbot’s presale continues to draw extra traders. The undertaking seeks to make the most of the rising buying and selling quantity available in the market to draw extra customers.
Bitbot is seeking to achieve large adoption available in the market by providing distinctive applied sciences that will permit merchants to enhance their buying and selling actions. BITBOT may turn into one of many greatest winners on this cycle with the suitable stage of adoption. As buying and selling quantity available in the market will increase, BITBOT may additionally see a surge in adoption if it rolls out its options and options.
