Bitbot’s Presale Passes $3M After AI Development Update

London, United Kingdom, Might 2nd, 2024, Chainwire

AI-powered Telegram buying and selling bot, Bitbot, has surged previous the $3M mark in its presale after outlining its up to date product providing. Bitbot now features a layer of AI improvement on its blockchain evaluation device, Gem Scanner. The venture has hurtled into stage 12 of its quick 15-stage presale because of finish this quarter, at which level the BITBOT token will likely be unleashed upon the open market.

The Bitbot group now numbers over 140k, with 110k+ followers on X and a Telegram channel approaching 30k. Bitbot’s staff hopes to transform an excellent portion of this into paying clients when the product launches this 12 months.

The presale has been supported by Bitbot’s latest rebrand, which features a new web site with up to date visuals and, most crucially, a highlight on Bitbot’s AI options. Bitbot’s staff is optimistic that investing in AI to spice up its buying and selling engine is among the elements doubtless driving the heightened curiosity within the presale.

Bitbot is establishing its standing as a game-changing venture by providing the world’s first non-custodial Telegram buying and selling platform, making certain customers’ funds solely switch as soon as trades are full. That is mixed with an arsenal of AI buying and selling weapons that give retail traders the firepower they want when competing in opposition to the establishments.

Bitbot (BITBOT) is available for purchase on the official website.

Gem Scanner: merging AI with on-chain evaluation

Powered by Bitbot’s proprietary AI, the Gem Scanner goals to uncover undervalued, low-cap tokens with the potential to realize multi-digit rallies.

The Gem Scanner scours high information aggregators resembling DEX Screener and Birdeye whereas combining social media feeds to make predictions primarily based on each market information and viewers sentiment.

This productivity-boosting tech eliminates the reliance on conducting hours of meticulous market evaluation. It’s going to sometimes attraction to retail merchants and due to this fact assist drive manufacturing adoption. With this providing, the staff hopes to see Bitbot take market share away from key opponents Banana Gun and Maestro over the approaching 12 months.

AI and blockchain are on the rise

Tech stalwarts Google and Microsoft each loved AI-driven inventory value surges lately, with Reuters reporting spikes of 10% and a pair of%, respectively.

And with demand for AI options outstripping capability to provide the market, the business seems poised for sustained progress. That is supported by sector predictions, which lay out an anticipated compounded annual progress charge (CAGR) of 28.4% per 12 months till 2030.

Blockchain presents the same story, with a CAGR of 24% projected. AI crypto tokens are presently valued at just below $20 billion, with a each day buying and selling quantity of round $900 million, in keeping with CoinGecko.

Bitbot has repositioned itself to satisfy this rising demand for AI within the crypto market by providing a variety of superior applied sciences.

Talking on the choice to refocus efforts in direction of AI capabilities, Bitbot’s Technical Product Officer, Andrew Jacobs, stated:

“Our mission has at all times been to offer our customers the instruments which have enabled establishments to dominate monetary markets, and the advantages our AI presents are the perfect equalizer we’ve seen in the marketplace thus far. Plus, AI positioning is presently producing nice returns for a lot of initiatives within the area, and we predict BITBOT holders will really feel the good thing about this.”

Bitbot’s thrilling market outlook

With its enhanced give attention to AI, Bitbot is positioned to have interaction with the rising curiosity in AI initiatives. The market has noticed notable exercise, such because the efficiency of BitTensor (TAO), an AI coin which skilled important value adjustments, rising from $34 final 12 months to $757 in March.

Inside the Telegram bot sector, there’s loads of precedent for sturdy efficiency as properly. Opponents like Banana Gun have skilled 200% rallies in simply six months, and in early April, they noticed 80x positive aspects from early presale value. With its enhanced safety and AI iterations on these first-generation merchandise, the Bitbot staff is optimistic about surpassing these outcomes.

About Bitbot

Bitbot is a brand new AI Telegram buying and selling bot that goals to place institutional-grade buying and selling instruments within the fingers of retail customers, to allow them to commerce utilizing quite a lot of superior options, together with sniping and duplicate buying and selling.

Audited by Stable Proof, Bitbot focuses on safety and follows the motto, “Your keys, Your pockets, Your property.” To this finish, the venture has partnered with Knightsafe to ship the world’s first non-custodial telegram buying and selling bot, mitigating counterparty danger and reinforcing this with anti-MEV and anti-rug know-how.

For extra data, customers can go to the web site.

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Bitbot is the supply of this content material. This Press Launch is for informational functions solely. The knowledge doesn’t represent funding recommendation or a suggestion to take a position.