Bitbot price prediction as Mantle surges amid explosion in L2 adoption

On Feb 26, 2024

Bitbot (BITBOT) is accelerating its presale as attention shifts to its non-custodial Telegram app.
Elsewhere, Ethereum layer-2 protocol Mantle (MNT) price could eye $1 after hitting new all-time high.

Mantle price is surging amid new focus on layer-2 projects. Meanwhile, BITBOT, the native token of new Telegram trading bot Bitbot, could be the next 100x token as the world’s first non-custodial Telegram app edges towards launch.

Bitbot: Top non-custodial trading app

Telegram trading bots have seen their total market cap rise to $851 million and 24-hour trading volume hit $48 million. DeskCheck, PaLM AI and Banana Gun are some of the top performing Telegram trading apps in the past 24 hours.

Elsewhere, Bitbot (BITBOT), Telegram’s first non-custodial trading bot, has surged into stage 4 of its presale. The project has raised more than $715k and could accelerate in coming weeks as the market enters the next phase of the bull cycle.

As crypto traders eye the opportunity that presents itself across the market, demand for automated trading is rising. In the Telegram trading space, Bitbot’s security-driven solution is standing out as a top target for investors.

With Bitbot’s non-custodial trading, users have a platform from which they can trade while in full control of their crypto assets. The MPC technology allows for users’ assets to remain in their cold wallets as they trade.

Bitbot has partnered with decentralized digital assets custody platform KnightSafe to extend this privacy/security feature to users.

Mantle price: What next after MNT token hits all-time high?

Mantle, an Ethereum Layer-2 blockchain platform, has experienced a significant price surge in the past 24 hours. The native MNT token reached the all-time high of $0.948.

MNT/USD is up nearly 40% in the past 30 days. These gains have come amid growth for the L2 network since it mainnet went live in July 2023.

According to data from DeFiLlama, Mantle’s, total value locked stands at more than $212 million, up from $125 million on January 23. Interest in the protocol’s DeFi projects as well as the broader L2 ecosystem could see it strengthen amid a broader spike for Ethereum (ETH).

In particular, the potential for SEC’s approval of a spot Ethereum exchange-traded fund (ETF) in May could be a key factor. Price discovery mode above $1 is the bulls next target. On the other hand, profit taking could see MNT retreat to support levels around $0.80.