Telegram bots have surged in popularity in recent years as crypto traders have begun to view these bots as an endless supply of trading insights and indicators.
These bots have become traders’ allies, enabling them to keep up with the shifting market trends. In this article, we’ll take a look at the best projects.
What are Telegram Bots?
Telegram bots are automated accounts that function on the well-known messaging platform Telegram. They undertake a range of tasks, including managing payments and sending updates and reminders to users. By providing trading recommendations, market analysis, price alerts, and even conducting direct crypto trades, these bots have established a niche in the crypto industry. Here are some Telegram tokens that have performed well in this bear market.
1) Unibot
UNIBOT leads the pack when it comes to Telegram bots. The token’s price is currently at $73.40, with a market capitalization of $734 million. It also has a daily trading volume of $1.06 at the time of writing this article.
Unibot is a trading bit that allows users to access portfolio management services, automated trading signals, and market analysis. Unibot has suffered some decline in price in recent weeks but continues to lead other bot tokens.
According to Binance research, @telegram bots have handled over $190M in total trades, with a peak of $10M in one day.
What if I tell you that this is just the beginning of the transformation? pic.twitter.com/uCMaU5cj92
— Splin Teron (@splinter0n) September 9, 2023
Keep in mind, though, that Unibot is only compatible with the Ethereum network. Users will thus be limited to exchanging ERC-20 tokens. Nevertheless, given that its bot is still under development, Unibot may offer cross-chain swaps later on.
2) MEVFree (MEVFREE)
MEVFree is a relatively new Telegram bot token. With a price of $0.1412 and a market cap of $8,48 million at the time of writing this article. MEVFree has slowly made an impressive entrance. It focuses on miner extractable value (MEV) issues. In addition, MEVFree alerts users to potential MEV opportunities, improving their choices.
The telegram bot narrative has been on a steady rise in #crypto $UNIBOT's has 100x which highlights the soaring popularity of Telegram bots.
Here are a few TG #altcoins to take a look at 👇 🧵 pic.twitter.com/5hXgDlHDta
— Cyril – DeFi (@cyrilXBT) July 30, 2023
3) ChainGPT
ChainGPT is largely known for being an AI project. But it also has a user-friendly Telegram bot that can create smart contracts via text instructions. ChainGPT guides the users throughout the process. Interestingly, users do not need to know how smart contracts function when using this project.
🎉 Telegram trading bots are the talk of the crypto town, with top tokens like UniBot ($84.13, market cap: $84M), Image Generation AI ($0.01809, market cap: $14M), and ChainGPT ($0.04556, market cap: $5M) making waves! by @CoinMarketCap🌊 Dive in as we explore this hot trend! 🔥 pic.twitter.com/6K5q4xfynM
— LAGOM | Internal Testnet 🛠 (@lagom_exchange) September 7, 2023
Imagine a scenario where a user wishes to design their own gambling game. The user can give the ChainGPT bot instructions on how to play the game, how much they can win, and the return-to-play (RTP). Then, using these specifications, the ChainGPT bot can produce a unique smart contract.
4) LootBot
LootBot focuses on airdrop farming. Simply put, this enables customers to improve the amount of free tokens they acquire via airdrop campaigns. The current airdrop procedures require users to finish certain activities before getting their free token allotment. In addition, they also get to claim their airdrop once they connect their wallet to the airdrop project.
@lootbot_xyz, never thought you can farm airdrop right through the Telegram interface.
— Mia (@0xm4ya) September 13, 2023
LootBot’s automated Telegram bot has changed the airdrop game. Basically, LootBot’s bot can take advantage of the best crypto giveaways and perform the necessary actions on behalf of users.
While there is no denying the usefulness of Telegram bots, it is important to realize that not all bots are helpful or secure. Some can be part of a fraud or propagate false information. So, it is important to research properly while interacting with these bots. Ultimately, never invest more money than you can afford to lose.
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
