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Groundbreaking New AI Trading Bot Hits $1M Raised in ICO

by ChainwireMarch 18th, 2024

Too Long; Didn't Read

The Bitbot presale continues at pace, with the raise now having passed $1 million in under 8 weeks. With its first-of-its-kind non-custodial trading capabilities, Bitbot is finally giving crypto traders the power to set up and automate their trades without having to give up their private keys.

featured image - Groundbreaking New AI Trading Bot Hits $1M Raised in ICO

LONDON, United Kingdom, March 18th, 2024, Chainwire/--**The Bitbot presale continues at pace, with the raise now having passed $1 million in under 8 weeks - fuelled by an increased interest in AI and trading technology that has shed a spotlight on this innovative new approach to trading.

Bitbot is looking to dominate the up-and-coming Telegram trading bot market, already sitting at well over $1 billion in market cap, despite barely being a year old.

With its first-of-its-kind non-custodial trading capabilities, Bitbot is finally giving crypto traders the power to set up and automate their trades without having to give up their private keys. And without having to relinquish funds before trades execute.

The $1 million raised is accompanied by the growth of Bitbot's social media presence; the project has amassed a community of over 110k on X and over 20k on Telegram in just 8 weeks. Bitbot (BITBOT) is available to buy on the official site.

$6.5 Billion+ Gain in Less Than 90 Days

In 2024 alone, the cumulative trading volume in the Telegram trading bot market has gone from $5.2 billion to over $12 billion, marking a significant milestone.

But that figure is even more impressive when considering the issues that the Telegram trading bot space is recovering from.

Three prominent cyber threats affected the sector’s reputation in 2023. Major players Unibot and Meastro were hacked for $560k and $485k respectively, and Banana Gun lost over 90% of its token value within hours of launch due to several issues.

Despite these setbacks, Banana Gun currently boasts a market cap of $86 million with gains of +230% from its launch price, while Unibot has a market cap of $30 million, with the Unibot token achieving +70% gains from its launch price.

These figures demonstrate that the Telegram trading bot market is still very much alive. More to the point, Bitbot’s non-custodial security approach and anti-rug technology are direct mitigation tactics for the security issues that befell its rivals.

Bitbot's team believes that this gives Bitbot the differentiator needed to take market share from the incumbents and onboard would-be customers who might’ve previously avoided the Telegram trading bot space.

It gives Bitbot a particularly strong hand for when the BITBOT token enters the open market.

Bitbot is Poised to Engage with the Recent AI Surge

Roughly one year on from ChatGPT’s grand 2023 entrance, AI and AI crypto are very much in vogue. The size of the AI crypto market has cleared $40 billion this year, with 10% of the top fifty cryptocurrencies by market cap falling within the AI sector.

As the bull market marches forward and AI targets a trillion-dollar market cap, Bitbot is strategically positioned to navigate these two developments at the same time.

Bitbot’s Gem Scanner tool employs artificial intelligence to scan hundreds of active presales for the most potentially promising projects.

Similarly, Bitbot’s Snipe the Trade feature gives users a chance to invest in undervalued projects, carefully scanning the market and buying them before a potential pump. All on autopilot.

The team hopes that enthusiasts exploring potential projects to support will start by focusing on a sector that’s already successful (AI) and then integrate that sector’s potential with Bitbot’s trading and security capabilities.

Bitbot is currently priced at $0.0122, with $63.9% in programmed presale gains left for the token before it finishes at a price of $0.0200.

When you consider that figure in comparison to the aforementioned gains of Banana Gun and Unibot (230% and 70%), all while factoring in Bitbot's open market potential and superior security tech, the scope for Bitbot to greatly outperform the market is vast.

Bitbot (BITBOT) is available to buy on the official site.

About Bitbot

Bitbot is a new Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features, including sniping and copy trading.

Audited by Solid Proof, Bitbot focuses on security and follows the motto, “Your keys, your wallet, your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rug technology.