Friday, 12 April 2024

Crypto News

should you buy Bitbot now?

should you buy Bitbot now?

Key takeaways

  • Bitcoin recently touched the $50k level for the first time since December 2021.

  • Altcoins could rally higher soon and this could see increased investments in projects like Bitbot. 

Bitcoin’s rally to $50k could see more investment in cryptos

The cryptocurrency market has been bullish since the start of the year and Bitcoin’s latest rally could result in more investments in altcoins. Bitcoin, the world’s leading cryptocurrency by market cap, recently touched the $50k mark for the first time since December 2021.

The rally comes thanks to increasing inflows into spot Bitcoin exchange-traded funds (ETFs). As more retail and institutional investors enter the crypto market, there will be a focus on new and exciting projects.

Bitbot could be one of the projects that grab investors’ attention thanks to its unique value proposition. 

What is Bitbot? 

Bitbot is a Web3 project that is set to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that gives users excellent features, enabling them to excel at crypto trading. 

Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. What makes Bitbot an exciting project is the innovative approaches it intends to provide traders. The tool will leverage 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. These features are institutional-grade and will grant traders access to world-class trading functions. 

As Bitcoin hits $50k, trading volume in the market increases. Bitbot intends to take advantage of the rising trading volume in the crypto market to gain massive adoption in the coming months and years. 

Bitbot’s technological approach to trading

Bitbot is a unique project because it will roll out technological innovations that would benefit traders. The team is working on some tools that would ease the trading process for its users. 

According to their whitepaper, security is one of the primary focus of the Bitbot tool. Bitbot will leverage Knightsafe to offer a self-custody solution, mitigating the typical risks associated with Telegram trading.

Furthermore, part of the funds raised from the presale would be used to develop anti-MEV and anti-rug…

Click Here to Read the Full Original Article at CoinJournal: Latest Bitcoin, Ethereum & Crypto News…