News Apr 11, 2024 02:39 AM EDT

Hot Bot Bitbot Raises $2M in Presale, Aims to Simplify the Game

By April Fowell

Bitbot presale has maintained success only weeks after reaching seven figures, amassing over $2.1 million, 80k Twitter/X followers, and over 27k members in its Telegram community. The Bitbot team is not surprised by this level of participation and support since they are aware of the market and are confident in their compelling product offering.

Hot Bot Bitbot Raises $2M in Presale, Aims to Simplify the Game

Bitbot presale has maintained success only weeks after reaching seven figures, amassing over $2.1 million, 80k Twitter/X followers, and over 27k members in its Telegram community.  (Photo : by Michael M. Santiago/Getty Images))

Less than 10,000 people were regularly using the Telegram trading bot market in October. Nonetheless, since last summer, its market capitalization has increased to almost $1.4 billion. Furthermore, $12 billion of the $18 billion overall trade volume was created in 2024 alone, showing that the business is growing daily.

Rivals Maestro (lifetime trading volume, $4.7 billion) and Banana Gun (almost +300% token price growth this year) have shown popularity despite security hiccups. The Bitbot team believes the Telegram trading bot market has billions of dollars of unrealized potential.

All the industry needs is a safe substitute to bring in thousands of new customers. A move like this may revolutionize Telegram trading bots' present niche position and raise the industry's price to tens of billions.

Bitbit Presale Success: Better Features Are Attracting Investors

Andrew Jacobs, Bitbot's Technical Product Advisor, has been closely supervising the team to ensure that they create a product and presale that gives investors the chance to interact with a crypto trading bot that is known for its safety, dependability, and innovation.

One such error that rivals are making is in the area of security. All Telegram trading bots now in use need users to surrender their private keys, which leaves them open to hackers fate that also befell Unibot and Maestro.

The Bitbot team believes that a significant barrier impeding user acquisition and market expansion is the vulnerabilities discovered in Telegram trading bots. As such, Bitbot is providing the industry with its first opportunity to get beyond this crucial roadblock.

A recently published demo demonstrates to viewers how easily users can execute trades and obtain market knowledge. This is unusual for items that are in presale. The hordes of casual cryptocurrency investors who may have previously been turned off by the complexity of trading cryptocurrency are likely to find this appealing.

Read also:Trading Bitcoin Without the Hassle? ETFs Offer Easy Access, But Watch Out for Costs

The Long-Term Appreciation Potential of the Bitbot Token

Strong rivals Unibot and Banana Gun presently have market valuations of over $130 million and $20 million, respectively, despite having a track record of security lapses.

The team believes that the BITBOT token has what it takes to exceed its competitors in terms of market size and token price growth since Bitbot's non-custodial approach directly addresses the challenges that have been holding them back.

The team at Bitbot thinks that the company is well-positioned to succeed because of the impact of the Bitcoin halving, as well as the ideal market timing is probably just around the horizon. The company believes that by taking this calculated risk, they can generate double-digit profits and establish Telegram trading bots as the success story of 2024, following the success of Bitbot presale..

The BITBOT token holders will get an equal share of up to 50% of Bitbot's earnings, which will enhance the community and provide long-term support for the BITBOT token.

Related article:Gen Z is Ditching Degrees for Trade Skills and Blue-Collar Jobs


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