Just a few weeks following its million-dollar milestone, Bitbot’s presale triumph continues, amassing over $2.1 million, along with an impressive 80k Twitter/X followers and a thriving Telegram community of over 27k members.
For the Bitbot team, seasoned in navigating the market landscape and buoyed by confidence in their compelling product offering, such robust engagement and support hardly come as a surprise.
Bitbot (BITBOT) is now available for purchase on the official website.
As of October, the Telegram trading bot market boasted fewer than 10k daily active users. However, since last summer, it has ballooned to a staggering $1.4 billion in market cap. What’s more, out of the $18 billion cumulative trading volume, a staggering $12 billion was generated in 2024 alone, signifying exponential industry growth day by day.
Despite security mishaps, competitors Banana Gun (with near +300% token price gains this year) and Maestro (with a lifetime trading volume of $4.7 billion) have garnered significant popularity. The Bitbot team perceives this as billions of dollars in untapped potential within the Telegram trading bot sphere. The sector is primed for a secure alternative to catalyze an influx of thousands of new users, potentially elevating the niche status of Telegram trading bots to a valuation in the tens of billions.
Superior Features Attracting Investors
Andrew Jacobs, Bitbot’s Technical Product Advisor, has diligently steered the team to deliver a product and presale offering that provides investors with a hallmark of safety, reliability, and innovation in the crypto trading bot realm.
“After closely monitoring the crypto trading bot market, we are confident that we’ve learned from others’ mistakes and developed a tool to make crypto trading as seamless as checking emails. With our team of ex-Wall Street traders and AI-savvy developers, our product offers retail investors a technological advantage over institutions.”
One critical mistake made by competitors is in the security domain. Presently, all Telegram trading bots require users to submit their private keys, exposing users to hackers—a fate witnessed by Unibot and Maestro.
The Bitbot team perceives the vulnerabilities present in Telegram trading bots as a major impediment to user acquisition and market growth. Consequently, Bitbot presents the industry with its first opportunity to surmount this critical obstacle.
In a recently unveiled demo—a rarity for products in presale—viewers witness the seamless manner in which users gain market insights and execute trades. This is likely to resonate with the countless casual crypto investors who may have been deterred by the complexities of crypto trading in the past.
The Long-Term Appreciation Potential of Bitbot Token
Despite security flaws on record, sturdy competitors Unibot and Banana Gun currently boast market caps of approximately $130 million and $20 million, respectively. Given that Bitbot’s non-custodial approach directly addresses the issues hindering its competitors, the team is optimistic that the BITBOT token possesses the crucial element to surpass these competitors in both market cap and token price gains.
Bitbot’s team believes that, with impeccable market timing—considering altcoin season is likely on the horizon—and the impact of the Bitcoin halving, Bitbot is poised as a key contender. The team is optimistic that this strategic positioning could yield double-digit returns, potentially positioning Telegram trading bots as the success story of 2024.
Up to 50% of Bitbot’s revenue will be equitably distributed among BITBOT token holders, empowering the community and providing long-term support for the BITBOT token.
