Tuesday, 27 February 2024

Crypto News

Will it rally towards $2,500 soon?

Will it rally towards $2,500 soon?

Key takeaways

  • Ether is outperforming Bitcoin and a few other major cryptocurrencies after adding more than 2% to its value.

  • Bitbot’s presale is now in the third stage and the team has raised nearly $450k.

Ether outperforms Bitcoin 

Ether, the second-largest cryptocurrency by market cap, has been performing well over the last 24 hours. The coin is up by more than 2% during that period. At press time, the price of Ether stands at $2,362 per coin. 

Ether is currently outperforming Bitcoin and a host of other leading cryptocurrencies. Bitcoin is now eyeing the $43,500 mark as the market begins to soar higher. 

What is Bitbot? 

Market conditions have begun to improve and more investors are looking for quality projects to invest in. One of the projects that could become a leader in the market is Bitbot. 

Bitbot is a Web3 project that is set to bring unique value propositions to traders in the cryptocurrency space. It is a Telegram trading bot that puts the power in the hands of the user. Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. 

According to their whitepaper, Bitbot intends to provide an innovative way of trading as it leverages Telegram’s position as a leading social media platform for crypto users. 

The team also revealed that Bitbot will provide users with high-end features to help them grow their trading portfolios. Some of these features are institutional grade, granting them access to world-class trading functions.

Bitbot will leverage the rising trading volume in the crypto market to gain massive adoption in the coming months and years. 

Bitbot brings technological innovation to traders

Bitbot intends to bring technological innovations that would benefit traders. The development team is working on some exciting tools that would make the trading process easier for its users. 

One of Bitbot’s key features is that it prioritises security. According to the team, Bitbot will leverage Knightsafe to offer a self-custody solution. This solution helps in mitigating the typical risks associated with Telegram trading.

The team will use some of the funds raised from the presale to develop anti-MEV and anti-rug solutions for users to protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam…

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