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After raising over $4 million in its 15-stage ICO campaign, Bitbot ($BITBOT), a new Telegram-based AI trading bot, is finally gearing up for its full market debut.
Describing itself as investors’ ticket to better trading, Bitbot aims to capitalize on the widespread adoption of Telegram and Artificial Intelligence to go viral.
Ahead of its upcoming exchange listing, Bitbot has activated its portal for early investors to claim and stake their $BITBOT tokens.
Can Bitbot become the next Bonk? Does it even have what it takes to lead a Telegram trading sector that has facilitated over $19 billion in trades? This article tries to provide answers to these questions based on the core elements of the project and the current situations in the broader crypto market.
What Is Bitbot?
Bitbot presents itself as a Telegram trading bot that’s committed to offering a streamlined trading experience to all categories of crypto enthusiasts. Through its AI and non-custodial framework, it plans to provide in-depth market analytics and swift execution of trades on Telegram without sacrificing the security of users and their funds.
Inspired by the “modern-day David in the David vs Goliath tale,” Bitbot says it will empower traders with the right tools to excel in the volatile crypto market. The bot has the capacity to aggregate market data from numerous sources to identify the best investment opportunities.
After identifying the best-performing cryptocurrencies, it will assign a score to each of them, reflecting the market sentiments and on-chain activities around them. In addition to this, Bitbot has a snipping feature that positions users ahead of others in the market.
Meanwhile, over the years, users have lost a huge amount of funds while using trading bots due to private key exploits. To prevent any possible vulnerability, Bitbot collaborated with KnightSafe, a decentralized protocol that is designed to ensure that users remain in full control of their assets.
Bitbot’s utility token, $BITBOT, serves several purposes, including staking and revenue sharing. The project says it will reward holders based on the performance of the trading bot. $BITBOT has a total supply of 1 billion coins out of which 30% representing 300 million has been dedicated to its recently-concluded ICO.
Above all, with the launch of its automated trading tool, Bitbot is following in the footsteps of Bonkbot, another Telegram bot that was launched in collaboration with the Bonk community. Bonkbot stands out as the fastest Telegram trading bot around, providing a seamless way for users to buy, sell, and manage their crypto portfolio.
Bitbot Price Prediction – $BITBOT 2024 Forecast
Bonk officially made its debut in 2022 but laid low for almost a year due to the downtrend in the global crypto market. Then, the broader crypto community battled a series of unfortunate events, like the fall of the Terra/Luna project and FTX, causing a crisis of confidence in the overall stability of the industry.
However, the market started to recover gradually in 2023, thanks to the recent banking crisis in the United States and most importantly the excitement around the approval of crypto ETFs. Like other cryptos, Bonk benefited greatly from the upturn in the market.
In November 2023, Bonk recorded its first major price action after it was listed on top-tier crypto exchanges like Coinbase and Binance. Being the world’s largest crypto exchange, it came as no surprise that Bonk’s listing on Binance caused a huge surge in its price.
Without a doubt, Bonk’s multiple listings, coupled with the activeness of its well-established community, laid the foundation for its success. Despite enduring a slow start, Bonk has risen through the ranks to become the fifth-largest meme coin by market cap, only behind Dogecoin, Shiba Inu, Pepe, and dogwifhat.
Over the past year, the doge-inspired meme coin has soared up by over 3000%. More so, it boasts a solid market cap exceeding $1.9 billion at press time.
Beyond the hype and speculation from its community, some popular projects within the Bonk ecosystem, like Bonkbot, BonkSwap, and Bonk Reward have also been impacting its performance on the price charts.
Bonkbot, for instance, was launched in late 2023 but quickly gained traction, recording over $2 billion in trades within its first few months. The massive adoption of this Telegram-based trading app has contributed hugely to Bonk’s trading volume and price.
Like Bonk, Bitbot ($BITBOT) can also leverage its AI-powered Telegram bot to make waves. The project, if launched as indicated in its roadmap, will share almost the same features as Bonkbot. As such, the tool’s ability to gain the attention of the investing community will surely lead to a noticeable post-launch price appreciation for $BITBOT.
Also, according to experts, the next crypto bull run is on the horizon, meaning the market might be witnessing a tremendous increase in trades soon. Bitbot can take advantage of this potential market reality and its presence on Telegram to lure many traders to its ecosystem, thereby impacting its future price.
In essence, the project’s upcoming trading bot will determine how $BITBOT will perform in the long run. However, since there are many factors driving the Bonk price, $BITBOT might not necessarily go through the same motions as the top meme coin.
Bitbot Alternatives – New AI Crypto Coins
WienerAI (WAI) is another newly-launched AI-powered crypto project that has stolen the spotlight since landing on presale. Developed on the Ethereum network, WienerAI has an exciting lore that clearly illustrates its lofty ambition to build the greatest AI in the universe.
At the backdrop of its mascot is a narrative of a mad scientist, “The Architect” who is running an experiment on his loyal puppy in the year 2132 to bridge the gap between artificial intelligence and humans. However, a bunch of sausages were mistakenly added to the mix. This mishap, according to the lore, resulted in the emergence of an AI that’s not only efficient but also quirky.
In keeping true to its mission to revolutionize the crypto market, WienerAI is introducing an AI bot that can deliver on-the-go trading. Renowned as the world’s most powerful AI-powered bot, WienerAI blends a range of industry-leading tools in a single package to ensure lightning-fast execution of trades and effortless trading experience.
At its core, it features an advanced predictive technology that can effectively scour the market in search of a winner, ensuring that users do not miss a beat in the market. Also, complementing its market appeal is its sleek and easy-to-use interface, making it an ideal tool for beginners and advanced traders alike.
WienerAI will offer real-time market data, accurate trading suggestions, and seamless swaps for free. That being said, given the relevance of its top-notch offerings to the crypto trading landscape, the trading bot is poised to enjoy widespread market acceptance.
According to its whitepaper, WienerAI will be powered by $WAI, the native token of the ecosystem. Despite being a fresh launch, this token has been a trending topic in the crypto town, appearing on popular publications, including Cointelegraph and Bitcoinist.
More so, major market analysts like TodayTrader, Crypto Gains, Jacob Bury, and ClayBro have extensively discussed the significance of the project.
Another bullish perspective about WienerAI was recently offered by Crypto Gains. In a video, the prominent YouTuber highlights how $WAI can leverage its AI trading utility and meme coin posture to gain traction.
So far, the ongoing WienerAI (WAI) presale has been largely successful, gathering upwards of $8 million from early birds. Nonetheless, with the announcement that the low-entry event will come to a close on July 31, investors have just two days left to be an early part of a project that’s poised for an explosive start.
One $WAI is currently exchanging hands for a discounted rate of $0.00073. Those interested can also stake their $WAI tokens to earn a three-digit digit APY reward. Once the presale is over, $WAI will list on famous exchanges, including Uniswap.
To stay updated about its future listings, follow WienerAI on X.
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