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

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

AI-powered
Telegram
trading
bot,

Bitbot,
has
surged
past
the
$3M
mark
in
its
presale
after
outlining
its
updated
product
offering.
Bitbot
now
includes
a
layer
of
AI
development
on
its
blockchain
analysis
tool,
Gem
Scanner.
The
project
has
hurtled
into
stage
12
of
its
short
15-stage
presale
due
to
end
this
quarter,
at
which
point
the
BITBOT
token
will
be
unleashed
upon
the
open
market. 

The
Bitbot
community
now
numbers
over
140k,
with

110k+
followers
on
X
and
a
Telegram
channel

approaching
30k.
Bitbot’s
team
hopes
to
convert
a
good
portion
of
this
into
paying
customers
when
the
product
launches
this
year.

The
presale
has
been
supported
by
Bitbot’s
recent
rebrand,
which
includes
a
new
website
with
updated
visuals
and,
most
crucially,
a
spotlight
on
Bitbot’s
AI
features.
Bitbot’s
team
is
optimistic
that
investing
in
AI
to
boost
its
trading
engine
is
one
of
the
factors
likely
driving
the
heightened
interest
in
the
presale.

Bitbot
is
establishing
its
status
as
a
game-changing
project
by
offering
the
world’s
first

non-custodial
Telegram
trading
platform,
ensuring
users’
funds
only
transfer
once
trades
are
complete.
This
is
combined
with
an
arsenal
of
AI
trading
weapons
that
give
retail
investors
the
firepower
they
need
when
competing
against
the
institutions. 

Bitbot
(BITBOT)
is
available
to
buy
on
the


official
site.

Gem
Scanner:
merging
AI
with
on-chain
analysis

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

The
Gem
Scanner
scours
top
data
aggregators
such
as
DEX
Screener
and
Birdeye
while
combining
social
media
feeds
to
make
predictions
based
on
both
market
data
and
audience
sentiment.

This
productivity-boosting
tech
eliminates
the
reliance
on
conducting
hours
of
meticulous
market
analysis.
It
will
typically
appeal
to
retail
traders
and
therefore
help
drive
production
adoption.
With
this
offering,
the
team
hopes
to
see
Bitbot
take
market
share
away
from
key
competitors
Banana
Gun
and
Maestro
over
the
coming
year.

AI
and
blockchain
are
on
the
rise

Tech
stalwarts
Google
and
Microsoft
both
enjoyed

AI-driven
stock
price
surges
recently,
with
Reuters
reporting
spikes
of
10%
and
2%,
respectively. 

And
with
demand
for
AI
features

outstripping
capacity
to
supply
the
market,
the
industry
appears
poised
for
sustained
growth.
This
is
supported
by

sector
predictions,
which
lay
out
an
expected
compounded
annual
growth
rate
(CAGR)
of
28.4%
per
year
until
2030.

Blockchain
offers
a
similar
story,
with
a
CAGR
of
24%
projected.
AI
crypto
tokens
are
currently
valued
at
just
under
$20
billion,
with
a
daily
trading
volume
of
around
$900
million,
according
to

CoinGecko.

Bitbot
has
repositioned
itself
to
meet
this
growing
demand
for
AI
in
the
crypto
market
by
offering
a
range
of
advanced
technologies.

Speaking
on
the
decision
to
refocus
efforts
towards
AI
capabilities,
Bitbot’s
Technical
Product
Officer,
Andrew
Jacobs,
said:

“Our
mission
has
always
been
to
give
our
users
the
tools
that
have
enabled
institutions
to
dominate
financial
markets,
and
the
benefits
our
AI
offers
are
the
best
equalizer
we’ve
seen
on
the
market
so
far.
Plus,
AI
positioning
is
currently
generating
great
returns
for
many
projects
in
the
space,
and
we
predict
BITBOT
holders
will
feel
the
benefit
of
this.”

Bitbot’s
exciting
market
outlook

With
its
enhanced
focus
on
AI,
Bitbot
is
positioned
to
engage
with
the
increasing
interest
in
AI
projects.
The
market
has
observed
notable
activity,
such
as
the
performance
of
BitTensor
(TAO),
an
AI
coin
which
experienced
significant
price
changes,
rising
from
$34
last
year
to
$757
in
March.

Within
the
Telegram
bot
sector,
there
is
plenty
of
precedent
for
strong
performance
as
well.
Competitors
like
Banana
Gun
have
experienced

200%
rallies
in
just
six
months,
and
in
early
April,
they
saw

80x
gains
from
early
presale
price.
With
its
enhanced
security
and
AI
iterations
on
these
first-generation
products,
the
Bitbot
team
is
optimistic
about
surpassing
these
results.

About
Bitbot

Bitbot
is
a
new
AI
Telegram
trading
bot
that
aims
to
put
institutional-grade
trading
tools
in
the
hands
of
retail
users,
to
enable
them
to
trade
using
a
variety
of
advanced
features,
including
sniping
and
copy
trading.

Audited
by
Solid
Proof,
Bitbot
focuses
on
security
and
follows
the
motto,
“Your
keys,
Your
wallet,
Your
assets.”
To
this
end,
the
project
has
partnered
with
Knightsafe
to
deliver
the
world’s
first
non-custodial
telegram
trading
bot,
mitigating
counterparty
risk
and
reinforcing
this
with
anti-MEV
and
anti-rug
technology.

For
more
information,
users
can
visit
the


website.

Official
Website
|

Whitepaper
|

Socials

Bitbot
is
the
source
of
this
content.
This
Press
Release
is
for
informational
purposes
only.
The
information
does
not
constitute
investment
advice
or
an
offer
to
invest.

Contact

Bitbot
Press
Team
Bitbot
[email protected]