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The crypto investment landscape is gradually changing, and one of the unavoidable shifts is trading bots. According to data analytics, Dune, DEX trading bot wars are increasing. Consequently, the sector has been dominated by Maestro, BonkBot, Banana Gun, and Unibot in terms of trading volumes. Cumulatively, trading volumes in the DEX bot sector are more than $9 billion. It is no wonder that the launch of Bitbot, a newcomer in the tantalising sector, is bound to gain popularity. Within a few weeks in presale, investors have accumulated over $728,000 worth of tokens. The project unlocks new crypto opportunities, with Bitbot’s self-custodial features fueling a presale frenzy.
Telegram trading bots are becoming popular as they enable seamless trading and lightning-fast execution. This has enabled linked cryptocurrencies like Unibot and Banana Gun tokens to gain instant success. But security controversies surrounding Telegram trading bots mean the sector is still yearning for more.
Bitbot is poised for success, owing to its self-custodial features, the first in the DEX bot sector. Coined under its strapline, “Your keys, your wallet, your assets,” Bitbot aims to empower retail investors. This is informed by the need to provide a secure platform and institutional-grade tools for trading.
With self-custody, Bitbot users exercise complete control of their private keys. This is unlike its custodial predecessors, which hold users’ private keys and funds. The self-custody features benefit traders as they are protected in case of bot hacks and exploits. As the history of previous hacks at Unibot and Banana Gun has shown, security is a major concern with trading bots. Bitbot has been an attraction, given its transfer of ownership to the investor.
Investors are also lured to Bitbot’s security enhancements that ride modern-day intrusions and exploits. In particular, the trading platform is equipped with anti-rug and anti-MEV tools to keep scams at bay. This means BITBOT will remain free from manipulations and unscrupulous practices. As such, investors can own a worthwhile token and grow their incomes.
Bitbot’s presale is an opportunity to own a cryptocurrency predicted to rise up to 100x. In its quest to dominate the DEX bot sector, Bibot offers additional utilities that include a snipping feature. The capability allows investors to scan for presale opportunities with high potential and profitability quickly.
Bitbot’s copy trading feature is also key to its early presale success. New investors find the copy trading feature beneficial as they can imitate the trades of experienced traders. This way, the barriers to entry are reduced, increasing earnings opportunities.
A unique opportunity also lies in Bitbot’s revenue-sharing model. This is where token holders are rewarded with a share of fees generated on the platform. The revenue share supercharges investors’ earnings, making Bitbot one of the most profitable trading bots.
There is the expectation that as the presale continues, the value of BITBOT will increase. This is due to the consistent increase in the token’s price at each stage. For instance, in stage 4, BITBOT is priced at $0.0116, an increase from the initial $0.01.
The presale occurs in 15 stages, which will see 300,000,000 tokens sold. Each BITBOT will be valued at $0.02 at the end of the presale, delivering early gains to presale backers. Investors have been buying the token to maximise the potential gain.
Additionally, as the token debuts on exchanges in 2024, presale buyers will ride a projected bullish market. The bullishment emanates from trends in the bot trading market and overall sentiment in cryptocurrencies. Notable events such as spot ETFs and upcoming Bitcoin halving are already fueling crypto prices. This has uniquely posited BITBOT for an early take-off and profitability.
To buy Bitbot on presale, investors can visit the project’s official website page.
Dallas Mavericks owner Mark Cuban said on Wednesday that Dogecoin’s DOGE/USD inflation does not diminish it but rather establishes its utility as a digital currency.
What Happened: Cuban was responding to a tweet from the cryptocurrency publication CoinDesk that pointed out that he did not mention risk factors associated with DOGE such as its “infinite supply” during his appearance on “The Ellen Show.”
See Also: How to Buy Dogecoin (DOGE)
“Any asset that has inflation by definition is ‘infinite’ [but] that doesn’t diminish it.”
The “Shark Tank” fame investor pointed to the increasing supply of DOGE and said “it changes the utility from store of value to potentially a digital currency. It’s the fact that they create [5 billion a year] that keeps the per coin price low, which makes it more accessible.”
Why It Matters: In comparison with other cryptocurrencies like Bitcoin BTC/USD, and Ethereum ETH/USD, which have steep valuations, there is more likelihood of people using DOGE for making purchases, as per Cuban.
BTC traded 0.66% higher at $54,197.89 at press time, while ETH traded 2.24% higher at $2,581.36. DOGE traded 4.17% lower at $0.26.
Dogecoin co-creator Billy Markus said last week that BTC and ETH too were inflationary. He had said separately earlier “buying and selling” were what mattered. The price of DOGE was “ascribed to it by people,” as per Markus.
See Also: Dogecoin Co-Creator Says Meme Crypto Has Been ‘One Of The Most Secure Coins’ For Years
Tesla CEO Elon Musk said in February that DOGE was “inflationary” but not “meaningfully” so, and that actually gives it an advantage over BTC.
Musk had called for the transaction speed of DOGE to be a “few orders of magnitude faster.”
Read Next: Ellen Too Late On NFT Scene? ‘Woman With Stick Cat’ Underwhelms Despite Dogecoin Appearance On Show
Photo by Gage Skidmore on Flickr