Key takeaways
Fundstrat’s Tom Lee believes that BTC’s price could hit $150k this year.
Bitbot’s presale is now in the fourth stage and has already raised more than $650k.
Bitcoin could reach $150k in 2024: Tom Lee
The cryptocurrency market has been bullish since the start of the year, with Bitcoin touching the $50k level for the first time since 2021. With the bulls currently in control, many believe that BTC’s price could soar higher in the coming months.
FundStrat head of research Tom Lee is one of those bullish analysts and he predicted that the leading cryptocurrency could touch $150,000 before the end year. If BTC’s price could triple in the coming months, this could be an excellent opportunity for investors to acquire more assets.
One of the gems that could record massive gains in the coming months and years is Bitbot. This project will leverage the growing trading volume in the market to gain massive adoption.
What is Bitbot?
Before investing in the project, it is best to know what it is and understand how it works. Bitbot is a Web3 project that is set to provide excellent services to cryptocurrency traders.
It is a Telegram trading bot that grants users access to some exciting features, easing their crypto trading journey. Bitbot is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram.
The project offers a unique value proposition to users and investors. It will take advantage of Telegram’s position as a leading social media platform for crypto users.
According to the whitepaper, Bitbot will provide users with high-end features to help them grow their trading portfolios. These features are institutional-grade and will grant traders access to world-class trading functions.
Bitbot will also leverage the rising trading volume in the cryptocurrency market to gain massive adoption in the coming months and years. More retail and institutional investors are coming into the market and Bitbot could provide exciting services to them.
Bitbot’s tech-savvy approach to trading
As a tool, Bitbot will be offering tech-savvy tools to ease the trading process for its users. The team is working on some tools that would ease the trading process for its users.
Per their whitepaper, security is the primary focus of the Bitbot tool. The tool will use Knightsafe to offer a self-custody solution, mitigating the typical risks associated with Telegram trading.
In addition to that, some of the funds raised from the presale rounds would be deployed towards developing anti-MEV and anti-rug solutions for users to protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam projects.
Furthermore, Bitbot will utilize ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security to the users.
To help the new traders, Bitbot will also launch a copy trading feature. With this feature, novice traders can copy the trades of the strongest-performing wallets based on on-chain activities.
Bitbot’s presale surpasses $650k
The Bitbot presale is now officially in the fourth stage and has already raised more than $650k. At the moment, the project has raised $667k of the required $862k for this stage.
Bitbot continues to gain adoption by investors as its presale is moving fast. Currently, the $BITBOT token is going for $0.0116 but is set to increase to $0.0122 once the fifth round commences.
Per its tokenomics, the development team will hold 20% of the total token supply and will use it to fund ongoing development. Furthermore, 14% of the total token supply is allocated to marketing & CEX listings while 3% is allocated to exchange liquidity provision.
Click here to read more about Bitbot’s upcoming presale.
Could Bitbot’s token be a winner this year?
The crypto market is expected to rally higher this year and gems could be the biggest winners. With the right level of adoption, Bitbot could be one of the biggest winners in this bull cycle. The Bitcoin halving and other external factors could also help push Bitbot’s price higher
The post Tom Lee predicts Bitcoin’s price to hit $150k this year: Is this the time to buy more? appeared first on CoinJournal.
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