2024-03-08 06:01:06 ET
BNB price is trending above the $450 mark, with bulls looking to flip the zone into primary support before going for bullish momentum above $500.
As crypto eyes another leg up, analysts say one of the segments set to explode is the Telegram trading apps market. Bitbot , a new project in this ecosystem, is gaining traction in presale amid bullish predictions for its native token BITBOT.
BNB price up 56% as bulls target key level
BNB is the native token of the Binance Chain, and has seen significant upside in the past month as the crypto market rallied alongside Bitcoin’s explosion.
At current prices, BNB is up 17% in the past week (more gains than any other top 10 coin except Dogecoin). In the past week, its price has surged more than 56% as bulls cemented their hold above the $400 level.
A break above $500 will be a big move for bulls.
Bitbot presale gaining momentum
Bitbot is seeing significant attention from crypto investors and traders amid the current market optimism around Telegram bots.
As the world’s first non-custodial trading bot on the popular social messaging app, Bitbot looks primed to become the most in-demand bot. This relates more to the focus on security that its architecture provides for, which puts BITBOT top of the list for crypto traders.
When Bitbot launches its bot in the next quarter, users will benefit from a top security integration pioneered by decentralized self-custody solution provider KnightSafe. The firm’s MPC custody technology already helps secure millions of dollars in TVL across the DeFi industry.
Bitbot combines this focus with a suite of institutional-grade trading tools to offer retail users access to the same trading opportunities as institutional players.
However, investors have also noted the investment potential for BITBOT, the native token of Bitbot currently in presale.
BNB price prediction
Analysts are bullish on BNB despite the issues Binance experienced in Nigeria , one of the largest markets for the exchange. Key announcements, including the listing of new projects in the Binance Launchpool continue to attract users.
The upcoming support for spot trading pairs against the Japanese yen is also a notable development. On March 12, 2024, Binance will add BNB/JPY, BTC/JPY and ETH/JPY spot trading pairs.
With the broader market on the cusp of new upside momentum, BNB could target a new all-time high in 2024. As BTC reached its all-time high above $69,200 this week, the price of BNB shot to $474, coming within 30% of the all-time high.
Notably, BNB’s all-time high reached in November 2021 is $686. This level will be the main target for bulls. However, should the $500 hurdle prove insurmountable in the short term, primary support levels will be around $400 and $300.
Bitbot price prediction
Currently, the Bitbot presale has attracted over $875,000 from early bird investors.
The project recently launched its ICO with a BITBOT presale price of $0.0100 in stage 1. Noticeably, increased interest this week has seen the price jump to $0.0122 in stage 5.
BITBOT price will continue to rise throughout the presale, reaching $0.02 in stage 15 (the final stage of the ICO expected in coming weeks).
Launch in the market, with tokens listing on top exchanges are milestones that could aid the BITBOT price. Targets in 2024 will include $0.5 and $1, although where prices trend will also depend on prevailing market conditions.
The Bitbot presale is accessible here .
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