Avalanche announced on Monday that payments platform Stripe has integrated the Avalanche C-Chain network. The integration, which also involves the Avalanche native wallet Core, will see Stripe users easily purchase AVAX tokens.
Meanwhile, there’s growing traction for crypto AI and Telegram bots, and one project that's proving extremely attractive to investors is Bitbot.
Bitbot token gains momentum amid $3 million milestone
Bitbot continues to capture the attention of the crypto market as its presale reaches $3 million milestone.
That’s because the project looks to tap into the growth momentum of two key sectors – the AI and crypto space and the fast-growing Telegram bots market.
Notably, the Telegram bots market has recorded over $19 billion in trades, while users have generated over $100 million in fees. This market’s growth has received new impetus from the AI rollercoaster.
Meanwhile, a look at the crypto AI market shows a sector that has rapidly grown into a $27.7 billion ecosystem. AI brings advanced features and tools to traders, including automated trading, fraud detection and risk management.
AVAX outlook after Avalanche-Stripe news
To access Stripe’s service, Avalanche ecosystem partners will have to embed a customizable widget. This will allow users across these projects to access Stripe’s fiat-to-crypto onramp service.
Meanwhile, Stripe is set to handle all know-your-customer (KYC), payments and AML compliance checks, streamlining the onboarding process for Avalanche dApps.
According to Ava Labs, multiple apps on Avalanche have announced plans to leverage the integration. Username service Avvy, Web3 games Shrapnel and DeFi Kingdoms and staking protocol GoGoPool are among top projects to announce their impending integration with the Stripe widget.
The news of Avalanche and Stripe’s collaboration came as AVAX struggled with bearish pressure near $33. While the token’s value is in the red across the board, it’s slightly up at $34.81 at the time of writing.
The news could catalyse demand for AVAX and push its price higher, which in this case, a breakout to $40 likely opens a path to year-to-date highs above $60.
Weakness across the altcoin market however means bears are likely to strengthen in the short term. AVAX could rely on support near $20 if this happens.
Bitbot’s non-custodial bot is a first in the market
While AI creates a buzz, perhaps the biggest pull to Bitbot in the market is its game-changing approach to user security.
As the world’s first non-custodial Telegram trading bot, Bitbot towers above existing bots for what it means in terms of security and privacy.
Simply, this could become the go to trading bot for traders. It promises to offer all the institutional-grade trading tools, while providing access to a platform where users retain full control of their wallets’ private keys.
Other perks, including the unique revenue-sharing model, puts the native BITBOT in the front row of potentially top crypto projects to emerge in 2024.
The presale is in stage 12, which leaves only three more stages before the token sale ends. Between now and then, the BITBOT price will rise to $0.020, yet remain heavily discounted given the market outlook for Bitbot.
With experts bullish on crypto amid the current downside’s buy opportunity, this might be the best time to position with BITBOT.
Learn more or buy Bitbot here.
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