Key takeaways
BTC crosses the $72k mark again
Following weeks of underperformance, Bitcoin is trading above the $70k level once again. Bitcoin performed poorly late last month, dropping to the $65k level during that period.
However, its performance has improved since last week. Thanks to its rally today, Bitcoin is now trading above $72k for the first time since March. At press time, the price of Bitcoin stands at $72,283, up by more than 4% in the last 24 hours.
The rally comes as the Bitcoin community prepares for the halving event. The halving is 12 days away and many expect BTC to rally to a new all-time high after the halving.
What is Bitbot?
Bitbot’s presale continues to crush new milestones as Bitcoin and the broader crypto market recovers from their recent slump. Bitbot could be one of the biggest beneficiaries in the ongoing bullish cycle thanks to its value proposition to investors and users.
Bitbot is a Telegram trading bot that allows traders to gain access to some exciting features that would help them with their cryptocurrency trading journey. Users can leverage Bitbot to trade cryptocurrencies via their cold wallets on Telegram.
The project is leveraging Telegram since it is the leading messaging platform for cryptocurrency users. With Bitbot, traders will have access to a wide range of tools that will help them execute trade faster, securely and more transparently. These features are usually available for institutional investors but, Bitbot will make it easy for retail traders to use.
Bitbot is launching at a time when the trading volume in the crypto space is growing. Ripple’s CEO Brad Garlinghouse recently predicted that the total crypto market cap could reach $5 trillion by the end of the year. If that happens, the trading volume would massively increase and Bitbot could become one of the biggest beneficiaries. Bitbot could provide services to retail and institutional traders in the cryptocurrency market.
Bitbot is ideal for retail traders
Bitbot is targeting retail traders as they remain core drivers of market volume. The platform’s Telegram trading tool will focus on offering tech-savvy features to ease the trading process for users.
A major area of focus for Bitbot is the security of user assets. The platform will leverage the Knightsafe feature to offer a self-custody solution, mitigating the typical risks associated with Telegram trading.
Secondly, Bitbot is working to integrate anti-MEV and anti-rug solutions to help users protect their assets. These features would ensure traders don’t fall for scam projects or bots that artificially pump transaction costs.
Furthermore, the project wants to integrate an ultra-flexible wallet management powered by non-custodial API technology into its tool. With this technology, users would have an extra layer of security to ensure the safety of their funds.
Bitbot is also ideal for new traders thanks to the Copy Trade feature. This feature will enable novice traders to copy the trades of the strongest-performing wallets based on on-chain activities.
Bitbot’s presale surpasses $2.1 million
The Bitbot presale is progressing excellently and it is currently in its ninth stage. So far, Bitbot has raised $2.1 of the required $2.2 for this stage. As the presale grows, it indicates rising interest from investors.
At press time, the $BITBOT token is going for $0.0148 but is set to increase to $0.0155 once the tenth round commences. Per the whitepaper, the development team will receive 20% of the total token supply and use it to fund ongoing development. 14% of the total token supply is allocated to marketing & CEX listings while another 3% is allocated to exchange liquidity provision.
Click here to read more about Bitbot’s upcoming presale.
Should you buy the BITBOT token now?
As the presale is progressing, now might be a good opportunity to get in on the project. Historically, presales are the best times to invest in crypto projects as they allow investors to buy tokens at a discount before they get listed on cryptocurrency exchanges.
Bitbot’s presale is going excellently, with its native token expected to surge higher once it gets listed on CEX and DEXs. If BITBOT gains the right level of adoption, it could be one of the biggest winners in this bull cycle. Bitbot could be appealing to crypto traders and with the rising trading volume, it could be a big winner for early investors.
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