Bonkbot vs. Bitbot - Battle for Best Crypto Gains 2024
Two crypto platforms - Bonkbot and Bitbot, go head-to-head in a battle for the soul of the Telegram trading bot market. Like Bonkbot, Bitbot is a fast-growing project with a lot of promise. Having raised $721k, Bitbot is currently in presale, with 300 million tokens up for grabs. Read on to determine which token is set for the best crypto gains in 2024.
What are Telegram trading bots?
Telegram trading bots are software programs that function within Telegram and execute crypto trades based on preset configurations. They’re also one of the fastest-growing concepts in the cryptocurrency industry.
Crypto tokens worth approximately $8.5 billion have been traded via Telegram trading bots, and the sector boasts a nearly $0.5 billion market cap, according to CoinMarketCap.
Given the current bullish mood of the crypto market, the Telegram trading bot market is expected to attract more users and keep growing. Bonkbot and Bitbot are touted to benefit the most from this development. But how do they compare?
Bonkbot vs Bitbot: A comprehensive comparison
Security
Security is a big issue in the Telegram trading market. Most bots approach trading in a custodial manner and won’t work until users make a deposit first. Traders need to trust that their assets are safe. But occasionally, this trust is betrayed.
In October 2023, Unibot, one of the top bots in the sector, was hacked, and over half a million US dollars of users’ funds were stolen. A similar amount was lost that same month when Maestro, another top bot, was exploited. Thefts and hacks can be a concern in the sector.
Bonkbot also operates in this custodial manner. User complaints on online forums range from delayed transactions to more alarming ones, like crypto disappearing. Bonkbot’s potential security issues may affect its public perception, hampering its potential and future growth.
Bitbot, on the other hand, is the first non-custodial Telegram trading bot in the world. Powered by advanced tech from KnightSafe, a decentralized service, it ensures no other parties access user funds until trades are settled, guaranteeing a secure, anxiety-free trading experience on Telegram.
Advanced trading features
Both Bonkbot and Bitbot offer fast, seamless, and automatic crypto transactions via Telegram’s easy-to-use messaging interface. Bitbot also has a copy trading feature mimicking the trades of its most successful users. Not only that, but it offers an AI-powered sniping tool that identifies little-known, bargain-priced crypto projects just before their prices look likely to appreciate.
Community and other benefits
Bonkbot was created by the BONK project and is specifically designed to trade tokens in the Solana ecosystem. It gets exposure and lots of goodwill from that sector of the crypto community, which tends to work in its favor.
Bitbot enjoys goodwill from the whole cryptocurrency industry. Invezz named it among the “top cryptos of 2024," CoinMarketCap calls it “the best of both worlds,” and Bankless Times says it “takes crypto trading to the next level.”
On top of this, Bitbot has an impressive revenue-sharing program where holders can get up to 50% of the fees generated by the platform. It’s currently in stage 4 of its presale, and early investors stand to make decent returns on their investments.
The clear winner
Bitbot’s robust security, exceptional trading features, and multiple layers of benefits put it ahead of Bonkbot in the Telegram trading bot space.
The Telegram trading bot sector is worth $0.5 billion, and Bitbot could take a massive chunk of the market share. If top bots like Unibot and Banana Gun boast a substantial market cap of $54 million and $50 million, respectively, imagine how big Bitbot, with its superior features, could reach.
Don’t miss out
Being a trailblazing project, Bitbot is set to make maximum gains from the currently bullish crypto market. It’s already gaining traction online, with followers on X surpassing 100,000 and the official Telegram channel having over 6,000 members.
Investors are flocking to its presale—the 300 million available tokens are up for grabs at a price of $0.0116, with early investors standing to make some of the best crypto gains in 2024.
To learn more and purchase BITBOT tokens, visit the official website.
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