The Good Tech Companies - Bitbot's Presale Passes $3M After AI Development Update

Episode Date: May 3, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/bitbots-presale-passes-$3m-after-ai-development-update. 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 mar Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bitbot, #chainwire, #press-release, #bitbot-announcement, #ai, #vc-funding, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. AI-powered Telegram trading bot, Bitbot, has surged past the $3M mark in its presale. 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.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. BitBot's pre-sale passes $3 million after AI development update by Chainwire. London, United Kingdom, May 2, 2024, Chainwire, asterisk I powered telegram trading bot, BitBot, has surged past the $3 million mark in its pre-sale after outlining its updated product offering. BitBot now includes a layer of AI development on its blockchain analysis tool, GemScanner. The project has hurtled into stage 12 OFITS short 15 stage pre-sale 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 plus 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 pre-sale 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 pre-sale. 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, B-I-T-B-O-T, is available to buy on the official site. GemScanner. Merging AI with on-chain analysis powered by BitBot's proprietary AI, the GemScanner aims to uncover undervalued, low-cap tokens with the potential to achieve multi-digit rallies. The GemScanner scours top data aggregators such as DexScreener 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-off 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 Maestroover the coming year. AI and blockchain are on the rise Tech stalwarts Google and Microsoft both enjoyed eye-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 greater than our mission has always been to give our users the tools that have enabled greater than institutions to dominate financial markets, and the benefits our AI offers are greater than the best equalizer we've seen on the market so far. Plus, AI positioning is greater than currently generating

great returns for many projects in the space, and we greater than 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, DAO, and 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 pre-sale 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 SolidProof, BitBot focuses on security and follows the motto, your keys, your wallet, your assets. To this end, the project has partnered with NightSafe to deliver the world's first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rugged technology. For more information, users can visit the website.

Official website, whitepaper, socials bidbot 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 BitBotPR at BitBot.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.