Cryptocurrencies are known to be highly unstable and difficult to trade due to unexpected price fluctuations. To achieve optimal profits, skilled traders use trading bots – automated programs that place trades and execute trades on the trader’s behalf.
In this article, we look at two projects that provide similar types of services. The first is PAAL AI, a suite of AI-based widgets and products, and the second is Bitbot, the new Telegram trading sensation that is already making waves by raising $132,000 in just two days of pre-sale launch.
Bitbot: The new king of Telegram trading bots
Telegram trading bot boasts over $5 billion worth of cryptocurrency assets in trading volume. These bots are expected to grow in popularity and size as cryptocurrencies grow in popularity. However, security concerns in this space have limited its growth and adoption.
Typical bots require users to deposit funds before trading, making them vulnerable to hackers and thieves. Popular Telegram trading bots, including Unibot, Maestro, and Banana Gun, have been hacked or disrupted. According to Cointelegraph, Unibot was hacked for $560,000, Maestro was hacked for $485,000, and Banana Gun lost 99% of its value within hours of launch.
This is why the timely appearance of Bitbot is causing ripples in the universe.
Bitbot is the first non-custodial Telegram trading bot. This means that users can store the cryptocurrency they use for transactions in cold storage and only transfer funds when the transaction is complete. We also use advanced archiving technology powered by Knightsafe to protect user funds. This is a keyless system in which private keys are replaced by individually generated key sharing between multiple untrusted parties without sharing any data. This means that no single entity can access a user’s entire keys and ultimately the funds of traders using the bot. This solves a critical security issue that many in the industry are struggling with.
Bitbot is also committed to developing anti-MEV features that prevent other bots from stealing your profits. Additionally, the protocol has an anti-lug pull mechanism that prevents teams from extorting investors’ money.
Bitbot’s contracts are monitored for signs of fraud and are part of the coin’s token economics. A 20% portion of BITBOT tokens will be used for development and a 12-month linear emission schedule. This locks the team in for a year and incentivizes them to continue working on the platform, reducing the likelihood of a rug-pull scenario.
Regarding the remaining token economic analysis, of the 1 billion, 30.00% are reserved for pre-sale, 3% for liquidity, 23% for community, 14% for marketing, and 10% for treasury.
Bitbot’s security features give it a huge edge over the leading bots on Telegram, and the additional benefits it provides to potential users positions Bitbot as the new king of the space.
Thanks to a team of former Wall Street trading experts, Bitbot combines a traditional level of financial expertise with AI trading technology to provide efficient tools to take cryptocurrency trading to the next level.
It promotes a powerful sniping tool specialized in identifying high-potential pre-sale opportunities and automating the ability to buy at the lowest price and sell at the highest price. This also exposes users to lesser-known cryptocurrency gems whose prices have yet to explode.
The copy trading feature allows users to mimic the trades of the highest-yielding wallets on the platform. It is very useful for beginners who are not confident in their analysis and investment skills or for those who are short on time.
Additionally, Bitbot provides management services to configure your wallet for better strategy execution. BITBOT holders will also receive a share of daily profits generated from the platform as well as staking and governance.
What is PAAL AI?
PAAL AI is an ecosystem of AI tools and services for cryptocurrency traders and Web 3.0 enthusiasts. The top product is MyPaal, a Telegram and Discord bot designed to mimic human intelligence and provide actionable answers to complex questions in a variety of fields, including cryptocurrency.
The project created PaalX, a bot specializing in ultra-fast cryptocurrency and stock trading. There are also plans to launch similar bots for sports betting and gambling.
Like many players in the technology space, PAAL AI believes that AI is the future, and by developing the best AI assistants, the world will realize the potential that AI has to revolutionize people’s lives. That’s why this project generated so much interest when it began.
Bitbot Vs. PAAL AI Price Prediction
Like Solana Price Prediction, Dogecoin Price Prediction, and most other coins, PAAL AI may have an optimistic future. The crypto rally ended 2023 at a high, but its form began to decline as 2024 began. Currently priced at around $0.1323 at the time of this writing, smart investors expect only moderate price appreciation.
PAAL AI has yet to deliver on its promises, including trading and sports betting bots, and the team doesn’t seem committed to the project or delivering these products anytime soon.
BITBOT, on the other hand, just started pre-sale at $0.0100. Investors are expecting significant returns as it has real utility and offers the best security in the trading bot space.
Telegram trading giant Unibot rose nearly 1500% in a month to hit an all-time high of $236. Currently, as of this writing, the market capitalization is just over $90 million.
Similarly, Banana Gun achieved a three-fold price increase from an all-time low in about two months as a result of suspected rugs being pulled. The market capitalization is still over $30 million.
Considering Bitbot’s excellent security and cutting-edge features, you can imagine how the market will react to Bitbot. It is already receiving favorable reviews from the community. X has 80,000 followers.
Lastly, it is important to consider the rising tide which should lift all boats at the right time. The altcoin season phenomenon is just around the corner. As confidence in the market grows and investors diversify away from Bitcoin, altcoin surges often outpace BTC.
Don’t miss out on the next cryptocurrency gem
As the upcoming bull market gets into full swing, Telegram trading bots will attract more cryptocurrency traders. And many of them will flock to Bitbot. That’s because Bitbot offers security features that its competitors don’t have.
BITBOT will ride this wave and gain more fame and catch up with the big names in the Telegram trading bot space. Considering that Unibot delivered a 200x profit to early investors, as reported in a recent Coin Desk article, a 100x profit is a conservative estimate given Bitbot’s strengths and timing.
You can get 300 million tokens during the Phase 15 pre-sale event, which is currently in Phase 1. With Bitbot shaking up the Telegram trading bot space, early investors can reap the best ROI.