United

Banana Gun

Banana

London, United Kingdom, May 2nd, 2024, Chainwire
 
AI-powered Telegram trading bot, <a href="https://bitbot.tg/?utm_source=media&amp;utm_medium=pr&amp;utm_campaign=3m_raised&amp;utm_content=external&amp;utm_term=first" rel="nofollow noopener" target="_blank">Bitbot</a>, 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.&nbsp;
The Bitbot community now numbers over 140k, with <a href="https://twitter.com/Official_BitBot" rel="nofollow noopener" target="_blank">110k+ followers on X</a> and a Telegram channel <a href="https://t.me/BitbotOfficial" rel="nofollow noopener" target="_blank">approaching 30k</a>. 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.&nbsp;
 
<h3 id="strong-bitbot-bitbot-is-available-to-buy-on-the-strong-a-href-https-bitbot-tg-utm_source-mediautm_medium-prutm_campaign-3m_raisedutm_content-externalutm_term-h3-rel-nofollow-noopener-target-_blank-strong-official-site-strong-a-strong-strong">Bitbot (BITBOT) is available to buy on the <a href="https://bitbot.tg/?utm_source=media&amp;utm_medium=pr&amp;utm_campaign=3m_raised&amp;utm_content=external&amp;utm_term=h3" rel="nofollow noopener" target="_blank">official site</a>.</h3>
<h2 id="br"> </h2>
<h2 id="gem-scanner-merging-ai-with-on-chain-analysis">Gem Scanner: merging AI with on-chain analysis</h2>
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.
 
<h2 id="ai-and-blockchain-are-on-the-rise">AI and blockchain are on the rise</h2>
Tech stalwarts Google and Microsoft both enjoyed <a href="https://www.reuters.com/technology/alphabet-microsoft-shares-jump-investors-cheer-ai-investment-2024-04-26/" rel="nofollow noopener" target="_blank">AI-driven stock price surges</a> recently, with Reuters reporting spikes of 10% and 2%, respectively.&nbsp;
And with demand for AI features <a href="https://www.cnbc.com/2024/04/25/microsoft-says-cloud-ai-demand-exceeds-supply-despite-spending-surge.html" rel="nofollow noopener" target="_blank">outstripping capacity</a> to supply the market, the industry appears poised for sustained growth. This is supported by <a href="https://www.statista.com/outlook/tmo/artificial-intelligence/worldwide#:~:text=Artificial%20Intelligence%20%2D%20Worldwide&amp;text=The%20market%20size%20is%20expected,US%2450.16bn%20in%202024)." rel="nofollow noopener" target="_blank">sector predictions</a>, which lay out an expected compounded annual growth rate (CAGR) of 28.4% per year until 2030.
<a href="https://www.sphericalinsights.com/reports/blockchain-ai-market" rel="nofollow noopener" target="_blank">Blockchain</a> 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 <a href="https://www.coingecko.com/en/categories/artificial-intelligence" rel="nofollow noopener" target="_blank">CoinGecko</a>.
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.”
 
<h2 id="bitbot-s-exciting-market-outlook">Bitbot’s exciting market outlook</h2>
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 <a href="https://coinmarketcap.com/currencies/banana-gun/" rel="nofollow noopener" target="_blank">200% rallies</a> in just six months, and in early April, they saw <a href="https://cryptorank.io/ico/banana-gun" rel="nofollow noopener" target="_blank">80x gains from early presale price</a>. With its enhanced security and AI iterations on these first-generation products, the Bitbot team is optimistic about surpassing these results.
 
<h2 id="about-bitbot">About Bitbot</h2>
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.
 
<h3 id="strong-for-more-information-users-can-visit-the-strong-a-href-https-bitbot-tg-utm_source-mediautm_medium-prutm_campaign-3m_raisedutm_content-externalutm_term-boiler-rel-nofollow-noopener-target-_blank-strong-website-strong-a-strong-strong">For more information, users can visit the <a href="https://bitbot.tg/?utm_source=media&amp;utm_medium=pr&amp;utm_campaign=3m_raised&amp;utm_content=external&amp;utm_term=boiler" rel="nofollow noopener" target="_blank">website</a>.</h3>
 
<a href="https://bitbot.tg/?utm_source=media&amp;utm_medium=pr&amp;utm_campaign=3m_raised&amp;utm_content=external&amp;utm_term=final" rel="nofollow noopener" target="_blank">Official Website</a> | <a href="https://bitbot.tg/Bitbot_Whitepaper.pdf?utm_source=media&amp;utm_medium=pr&amp;utm_campaign=3m_raised&amp;utm_content=external&amp;utm_term=whitepaper" rel="nofollow noopener" target="_blank">Whitepaper </a>| <a href="https://linktr.ee/officialbitbot" rel="nofollow noopener" target="_blank">Socials</a>
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.
 
<h5>Contact</h5>Bitbot Press Team Bitbot pr@bitbot.com 
 
 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Bitbot's Presale Passes $3M After AI Development Update (2 May)

Table of Contents

Chainwire

Other articles published on May 2, 2024

Furrever Token (FURR) Emerges as Investors’ Top Choice Amidst Solana (SOL) and Ethereum (ETH) Res...

Dropbox Sign Hit With Massive Data Breach, Here’s What Happened

Critical Dogecoin (DOGE) Support Levels at $0.112-$0.123: Predictions for Future Price Movements

CoinFactiva review: EU Blockchain Rising - 17 Promising Startups Recommended by VCs

Bitcoin (BTC) Dominance Wavers: Are Altcoins Set for a Wake-Up Call?

Will Ethereum Rally from Critical Weekly Support? ETH Analysis

Join our free newsletter for daily crypto updates!