- Bitbot (BITBOT) sees its presale accelerate as attention turns to its non-custodial Telegram app.
- Meanwhile, the price of Mantle (MNT), an Ethereum Layer-2 protocol, could target $1 after hitting a new all-time high.
Mantle’s price is rising as the market focuses on Layer-2 projects. At the same time, BITBOT, the native token of the new Telegram trading bot Bitbot, may be positioned to deliver significant gains as the world’s first non-custodial Telegram trading app prepares to launch.
Bitbot: a leading non-custodial trading app
Telegram trading bots have seen combined market activity reach $851 million in market capitalization and $48 million in 24-hour trading volume. DeskCheck, PaLM AI and Banana Gun ranked among the best-performing Telegram trading apps in the last 24 hours.
Bitbot (BITBOT), Telegram’s first non-custodial trading bot, has advanced to stage 4 of its presale. The project has already raised over $715,000 and could gain momentum in the coming weeks as the market enters the next phase of the bull cycle.
Demand for automated trading is rising as cryptocurrency traders evaluate new opportunities. Within Telegram-based trading, Bitbot’s security-focused approach has made it an attractive option for investors.
Bitbot’s non-custodial trading model lets users trade while retaining full control of their crypto assets. Using MPC (multi-party computation) technology, users can trade without moving funds out of their cold wallets.
To extend privacy and security features, Bitbot has partnered with KnightSafe, a decentralized asset custody platform, enabling users to benefit from enhanced custody integration.
Mantle price: what next after MNT’s record high?
Mantle, an Ethereum Layer-2 blockchain, has seen a notable price increase over the past 24 hours. Its native token MNT reached an all-time high of $0.948.
The MNT/USD pair has risen nearly 40% in the last 30 days. These gains coincide with Layer-2 adoption growth since the network’s mainnet launch in July 2023.
According to DeFiLlama data, Mantle’s total value locked (TVL) stands above $212 million, up from $125 million on January 23. Growing interest in Mantle’s DeFi projects and the broader Layer-2 ecosystem could support further strength, especially during a wider rally for Ethereum (ETH).
A possible SEC approval of a spot Ethereum ETF could be a major catalyst. Bulls are eyeing the $1 level as the next significant target. Conversely, profit-taking could push MNT prices back to support around $0.80.
Bitbot price outlook
No other Telegram-based trading bot has combined institutional-grade trading tools with non-custodial benefits for retail investors in the same way. Bitbot plans to offer these capabilities to users following its presale.
As the Telegram trading bot ecosystem remains in early adoption phases, Bitbot stands out for its potential to change trading workflows. The presale is slated to conclude at a price of $0.020 at stage 15, and early participants could see substantial returns if the token gains traction after launch.
Macro events such as Bitcoin’s halving, potential approval of a spot Ethereum ETF, and other bullish market drivers will be important factors shaping crypto market performance.
For more information on Bitbot, visit their site.