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Bitbot ($BITBOT), the non-custodial trading bot on Telegram, has raised more than $1 million in its ongoing presale.
Meanwhile, the meme coin season continues to heat up despite recent declines across the market. The latest token to explode is Book of Meme ($BOME), which skyrocketed 480% after crypto exchange Binance announced spot trading support.
$BITBOT presale surpasses $1 million
As Bitcoin bulls mull the next step after prices dipped from above $73k to below $68k this week, the broader sentiment is that the market remains in an uptrend.
Analysts have shared predictions suggesting that the violent shakeout witnessed this week is more of the breather that ends up sending BTC to $100k or higher. Solana and a few coins are defying the overall rot and investors continue to hunt for gems in the presale market.
Is this the outlook that has pushed Bitbot, the first Telegram trading bot to incorporate a self-custody technology for user safety, past the $1 million mark? Given how fast stage 5 of the project’s ongoing ICO is selling out, it could be the case.
So far, $BITBOT has raised over $1,025,000, with the token’s price at $0.0122. The heavily discounted offering makes for a great entry opportunity and investors have taken full advantage.
Book of Meme spikes 279% after Binance listing
New meme coin Book of Meme ($BOME) was seeing massive buy pressure early Saturday. The upside followed news from Binance, the world’s largest crypto exchange by trading volume.
The exchange announced it would list $BOME for spot trading on Saturday, not long after it had revealed its listing on Binance Futures for USDⓈ-M BOME Perpetual Contract. $BOME, is a new meme coin launched by Darkfarms, the artist behind Pepe Meme.
Binance plans to list Book of Meme for spot trading (with Seed Tag applied0 at 12:30 UTC on March 16, 2024.
$BOME price has surged by more than 480% at the time of writing, reaching highs of $0.024.
According to CoinGecko data, $BOME has seen an intraday trading volume of over $1.5 billion in the past 24 hours. That translates to an increase of over 350% in 24-hour trading volume for the meme coin.
Bitbot considers bot’s first launch – on Solona or Ethereum?
Meme coins saw outsized trading volumes in recent weeks, led by runaway gains for top tokens in the sector.
The volumes are slightly down as prices for dogwifhat, Pepe, Bonk and Floki among other meme tokens have retreated alongside Bitcoin’s.
Data from CoinGecko, however, shows meme coins are recording over $9 billion in 24-hour trading volume, led by coins on Solana.
Bitbot’s team is aware of the fast growth Solana’s meme ecosystem is seeing.
As the presale continues, they have asked the community to help decide where the Bitbot app will launch first. Should it be on the Solana (SOL) network or Ethereum (ETH)?
Here’s Bitbot’s recent post on X:
🤖📢 Bitbot Community! We need your input! 🔍
Should we roll out the Solana trading bot before the ETH?🤔
While our initial plan was to debut the ETH trading bot first, the recent surge in Sol meme coin trading has caught our attention – but we value your opinion! 🎙👀— Bitbot (@Official_Bitbot) March 15, 2024
Bitbot makes a case for itself via its non-custodial trading solution.
This is the first bot on Telegram to put security first through integration of the KnightSafe MPC technology. It means that on top of its institutional-grade trading tools, there’s a new standard in asset safety for crypto traders.
Learn more about Bitbot here.
The post Bitbot presale tops $1M as Book of Meme spikes 480% after Binance listing news appeared first on Invezz
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