While Bitcoin ETFs were one of the hottest crypto topics during 2023, Ethereum ETFs could be 2024’s next catalyst. Top altcoin Ethereum’s ETFs are seen as next up, potentially opening the floodgates for billions of dollars to flood the crypto market.
Amid this bullish atmosphere, Bitbot stands out as a project that could ride this wave. After raising $426k in just 3 weeks, Bitbot is making waves as the world’s first non-custodial Telegram trading bot. But what is Bitbot, and why could it dominate the growing Telegram trading market in 2024? Dive in to find out.
Ethereum ETFs could debut later this year
Bitcoin ETF approvals were one of the most significant milestones in crypto adoption. There’s now talk of an upcoming Ethereum ETF, with heavyweight asset managers like BlackRock and Grayscale waiting for a decision on their applications. The 23rd of May is a critical date, according to Blockworks, marking the 240-day deadline for the SEC to give a verdict on Ethereum ETF proposals from Ark/21Shares and VanEck.
An Ethereum ETF would be a highly bullish development for the entire crypto market, potentially unlocking billions in institutional investment and paving the way for ETFs of other altcoins. This could ignite a broader crypto rally, reminiscent of the surge before Bitcoin’s ETF approval. Bitbot, an up-and-coming Telegram trading bot, can gain immensely from this increased interest and investment in crypto.
The growth of Telegram trading bots and Bitbot’s role
Telegram trading bots have emerged as one of the fastest-growing crypto sectors. They offer streamlined access to advanced automated trading features and decentralized exchanges directly within the Telegram app. Telegram trading bots are typically used to capitalize on unique opportunities in newly listed and under-the-radar crypto gems, making them invaluable for savvy traders.
Although relatively new, Telegram trading bots have already made their mark. According to Dune Analytics, they’ve amassed an impressive $7.3 billion in trading volume from over 600,000 users. Their popularity surged in late 2023/early 2024, with January alone witnessing over $1.3 billion in volume. Three notable bots—Unibot, Maestro, and Banana Gun—have led the charge, gaining popularity within the crypto community.
However, not all that glitters is gold in Telegram trading. Each of these bots has exposed users to significant risks by overlooking security. Maestro users experienced a theft of roughly $500k in ETH, Unibot suffered a hack that caused a 40% plummet in its UNIBOT price within an hour, and Banana Gun faced allegations of a rug pull after a severe bug was announced, leading to a 99% drop in its token price shortly after launch.
This vulnerability in Telegram trading bots has set the stage for Bitbot, a game-changer in the sector. Created by a team of former Wall Street traders, Bitbot is positioned as the world’s first non-custodial trading bot. In stark contrast to its competitors that hold users’ assets and private keys, Bitbot allows users to retain custody of their assets until trades are finalized, vastly minimizing the risk of attack.
But this iron-clad security doesn’t come at the cost of convenience or functionality; Bitbot is presented within an accessible interface, with users able to manage trades and create up to three free wallets with just one tap. Most excitingly, it boasts advanced AI-powered trading tools designed to put traders on a level playing field with institutional investors.
Bitbot’s advanced safety and trading features
Bitbot has partnered with KnightSafe, a decentralized, open-source custody solution providing traders absolute sovereignty over their assets. But beyond its non-custodial approach, Bitbot is equipped with sophisticated anti-MEV and anti-rug solutions. These technologies shield investors from predatory bots that inflate transaction costs and block scam projects.
Bitbot’s smart contract has also received approval from blockchain auditing firm SolidProof. Its tokenomics are equally rooted in trust: 20% and 14% of Bitbot’s 1 billion token supply, allocated for development and marketing, respectively, are secured by a 6-month cliff and a 12-month linear emission schedule. This ensures team members don’t dump funds upon coin listing.
For proactive traders, Bitbot features a members-only Alpha List. This exclusive chat provides a token list for users to snipe promising opportunities directly, using AI analytics to decipher on-chain signals. Similarly, the Gem Scanner sifts through hundreds of active presales to identify the most lucrative prospects. Its automated Snipe the Trade feature can jump in on trading opportunities at the perfect time, executing a buy low, sell high approach with ease.
For those short on time, Bitbot offers copy trading, allowing users to mimic the top performers of the Bitbot community tailored to their risk appetite. Outside of trading, there’s a revenue-sharing program where BITBOT token holders can receive up to 50% of Bitbot’s trading fees and a referral scheme that provides a 15% kickback on referred users’ trades.
Bitbot price prediction for 2024
Since its mid-January launch, Bitbot’s presale has been impressive. It’s raised $426k to reach stage 3, currently worth $0.011. While 81.8% is still left to gain before reaching its final presale price of $0.0200, the momentum behind Bitbot is undeniable.
The future looks bright for Bitbot, driven by several key factors. Firstly, Telegram trading bots are witnessing a surge in popularity, with both trading volume and daily active users rising. Tokens related to this sector have seen substantial growth recently. Despite its controversies, Banana Gun is up over 70% from its January low according to CoinMarketCap.
Additionally, the anticipated approval of Ethereum ETFs is poised to inject even more enthusiasm into the market in the coming months. The strong presale response for Bitbot is also noteworthy, with the project already amassing over 100,000 followers on Twitter and more than 6,000 members on Telegram.
Bitbot’s approach—leveraging advanced AI-powered trading tools and prioritizing security—positions it well to capture a significant share of this growing market.
Early investors in Unibot saw 200x returns, as reported by Coindesk. Similar or even greater returns seem possible for Bitbot’s early backers this year. Considering the favorable market and Bitbot’s unique offerings, 50x to 100x gains could be well within reach for those joining the presale early on.
Telegram trading bots could be transformed
A perfect storm of bullish factors makes Bitbot a standout investment opportunity. Building on its peers’ successes and learning from missteps, Bitbot is poised to kickstart a Telegram trading bot revolution as its token sells out rapidly.
With a flood of investment expected in the run-up to a possible Ethereum ETF, Bitbot’s popularity could skyrocket. Early BITBOT token holders stand to gain immensely, with their profits potentially multiplied simply by jumping into the presale early on. In other words, now is the prime time to get involved.
Don’t miss this chance to join Bitbot’s disruptive journey as it likely dominates the Telegram trading bot market in 2024.
