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While Bitcoin targets a bounce above $67k, there are altcoins outperforming most of the other tokens amid huge developments.

Hedera (HBAR) and Floki (FLOKI) are among the top performers today. Amid this surge for HBAR and FLOKI, a new token is creating all the buzz in the presale market – Bitbot (BITBOT).

Here’s an outlook for the three crypto tokens, with a focus on why Bitbot could emerge as one of the best altcoins to invest in 2024.

Hedera (HBAR) is one of the tokens to see remarkable gains in the past 24 hours. Per data from CoinGecko, HBAR price was up more than 44% on Wednesday.

However, the token’s value notched an impressive spike late Tuesday, with initial gains reaching 100% before a slight dip.

The spike followed news that custodian Archax in partnership with HBAR Foundation and Ownera, had helped tokenize shares of the BlackRock ICS US Treasury Money Market Fund (MMF). The tokenization was on the Hedera blockchain.

HBAR’s soaring price comes amid a notable traction for the real-world assets (RWAs) market. With the Hedera network taking a big step in this direction with the BlackRock money market fund, it could only mean the native token may see a major surge.

Today’s gains add to Hedera’s recent surge and despite a decline from intraday highs of $0.18, current prices of $0.13 are at a two-year high going back to April 2022.

Floki (FLOKI) is one of the crypto tokens to see significant surges today. The gains for the token have come amid the meme coin’s push to become a top crypto ecosystem.

This goal has emerged with the Floki team’s push across various sectors, including DeFi, trading, NFTs and the Metaverse.

On Wednesday, the Floki Inu team announced a partnership with Alchemy Pay as part of this goal. In this case, FLOKI is integrating with the payments solution to extend an on-ramp service offering users a chance to buy FLOKI using fiat.

The news has helped push FLOKI price higher, with the token trading to $0.0002043. FLOKI price is up 48% in the past week and over 530% in a year.

Floki’s recently unveiled roadmap, which seeks to catapult the project beyond its meme status, could be key to sending FLOKI higher in coming months.

Its not doubt crypto trading is evolving fast, particularly with the integration of artificial intelligence (AI) into automated trading systems.

One of the areas seeing the most traction with regard to this is the Telegram bots market.

According to data from CoinMarketCap, the Telegram bots market cap is currently around $953 million. However, market analysts say it could explode into a multi-billion dollar sector in no time.

Bitbot is the new trading bot looking to dominate the industry, potentially surpassing current top Telegram bots PAAL AI, Chain GPT and Banana Gun among others.

Top on Bitbot’s list of features, and what could be the game-changer for the sector, is its non-custodial trading solution. The integration of a non-custodial wallet system does not just put control in the hands of users, it brings that unmatched security that traders value.

Bitbot’s partnership with Knightsafe provides for this, ensuring a digital assets custody system that has the ‘your keys, your wallet, your assets’ ethos intact.

Adding to the layer of security are the bot’s AI capabilities and features such as anti-MEV and anti-rug pull. All are helping to cement Bitbot’s status as a project to watch.

As the market awaits Bitbot’s launch later this quarter, the investor community has wasted no time embracing the early opportunity that the presale offers. The native token BITBOT is currently available in stage 11 of the 15-stage presale, poised at $0.0163.

Currently, the presale stands at more than $2.8 million.

When the presale hits the final stage, BITBOT price will be at $0.020 while demand and growth potential suggests this could be the next crypto gem.

Learn more about Bitbot here.

The post Hedera and Floki soar as Bitbot presale hits $2.8 million appeared first on Invezz

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