featured-image

The post Innovative New Trading Bot Sparks Frenzy: Bitbot’s ICO vs Banana Gun appeared first on Coinpedia Fintech News

As the Bitbot ICO grows, so does the overall popularity of Telegram’s AI trading bots. An exciting innovation that allows crypto traders to connect to decentralized exchanges through the mobile messaging giant and enact swift crypto trades. With slick UI and quick transaction speeds, Telegram bots have gone from zero to everywhere in less than a year.

One of the competitors in Bitbot’s sights is Banana Gun, one of the fastest-growing crypto projects this year, following its launch in Fall 2023. Bitbot, meanwhile, is setting a new standard throughout its ICO that’s already raised an incredible $3.0m, more than twice as much as the Banana Gun presale raised. Now in stage 12 of 15, the Bitbot ICO is approaching its conclusion. Here’s why this AI trading bot is setting pulses racing.

Banana Gun: Illustrating the surge in the AI trading bot market

When discussing AI trading bots, the numbers make for exciting reading. With the Telegram trading bot market cap breaching $1 billion, the lifetime trading volume is fast approaching the $20 billion barrier. With almost 1.5 million lifetime users and over 100 million lifetime trades, AI Telegram bots don’t look like a mere fad.

Banana Gun is at the forefront of this explosion, aligning its launch perfectly to when Telegram bots were just beginning to bubble. Many coins in the sector have seen massive growth in Q1 2024, with Banana Gun trading at around the $35 to $40 mark at the time of writing. This equates to around 250% to 300% returns from launch price. 

These returns are even more impressive when considering the early accusations of an attempted rug pull around its launch time. In the end, the issue was eventually found to be a bug in its base code. However, this security breach raised skepticism among many investors, a dubiousness that likely contributed to Bitbot’s incredible ICO performance and strong investor interest.

Bitbot: Prioritizing security, maintaining trading quality

Banana Gun isn’t the only AI trading bot on Telegram to be affected by security concerns. Both Maestro and Unibot suffered breaches that stole over $1 million in users’ funds. In response, Bitbot is bringing a paradigm shift to AI trading bot security with its unique non-custodial solution.

By using smart contract wallets, users no longer need to submit private keys to trade. Instead, funds are transferred after trades are executed, meaning traders retain complete control of their assets. With further security assurances from anti-MEV and anti-rug pull solutions, Bitbot is the best security-focused trading bot on the market and fills a gap created by its competitors.

Yet, this focus on security doesn’t replace cutting-edge trading tools. Bitbot’s focus on AI-powered features means traders’ profitability remains at the centre of its ecosystem.

Features include the user-friendly Gem Scanner tool that uses cutting-edge proprietary AI technologies to unearth low-priced crypto gems just before they hit the big time. Meanwhile, the platform’s powerful copy trading tool allows users to learn from the best by emulating the most successful trades. 

Bitbot’s ICO marks a new era for AI trading bots by attracting new users, previously put off by the sector’s security issues. As a result of this increased confidence in Bitbot’s security-focused solution, early-stage investors in BITBOT can look forward to Bitbot grabbing a serious market share once it fully launches.

Bitbot vs. Banana Gun: Which is likely to shine brighter in 2024?

In Q1 2024, Banana Gun was on an unstoppable upward trajectory as its coin price hit $50 and soared past a market cap of $125 million, netting presale investors an 80x gain. However, after dropping back, some analysts wonder whether Banana Gun’s previous security flaws could return.

Meanwhile, Bitbot’s ICO is selling at a rapid rate. Even now, its price of $0.0171 is likely significantly undervalued, with the price set to rise throughout the presale. Analysts believe that Bitbot could exceed Banana Gun’s previous performance and potentially hit 100x returns for early-stage investors as it earns a considerable market share.

Experts have identified two main reasons for this bullish prediction. First, Bitbot’s commitment to outstanding security instantly makes it a potential industry leader. Second, as discussed in a recent AMA with Andrew Jacobs, Bitbot’s unique revenue-sharing model offers holders a share of 50% of all trading fees generated by the platform and a referral program giving users 15% of referred traders’ lifetime fees.

As the two go head to head, analysts believe that Bitbot’s superior solution could see it become the AI trading bot investment of 2024.

The Bitbot ICO: The crypto opportunity of the year

Bitbot’s incredible combination of cutting-edge security and AI trading bot capability has made it stand out in this fast-growing niche. As a result, it’s attracting glances from the trading community and broader crypto investors.

This is an exciting time for anyone after a low-cap gem with a powerful USP. However, the speed at which tokens fly off the shelf means delays could be costly. Be part of the AI trading bot revolution and join the Bitbot ICO today.

To learn more and purchase BITBOT tokens, visit the official website.

The post Innovative New Trading Bot Sparks Frenzy: Bitbot’s ICO vs Banana Gun appeared first on Coinpedia.org.