This telegram bot token has risen in price by 31,000% in two weeks
Date: 2023-08-13 Author: Karina Ziganova Categories: BLOCKCHAIN, BUSINESS
UNIBOT started the fashion for telegram bot tokens. However, new coins in this segment are already ready to compete with it.
The crypto market has embraced the fashion for telegram bot tokens. Several new coins launched in July have already outperformed the trend founder, the UNIBOT token, in terms of growth.
What are telegram bot tokens
Telegram bot tokens are a cryptocurrency for projects that enable users to perform actions directly in Telegram and on other platforms such as Discord.
These activities may include, but are not limited to, buying and selling cryptocurrencies, as well as monitoring price movements. In most cases, tokens are used to access additional features or to earn money by providing liquidity.
UNIBOT, for example, allows you to connect your decentralized wallet directly through Telegram and view listings of new coins on decentralized exchanges. Also, through the bot, you can place limit orders and make private transactions.
The possibility of seamless trading directly through the popular messenger, without the mediation of centralized exchanges, seems to be gaining popularity among cryptocurrency traders. This is hardly surprising after the collapse of the centralized cryptocurrency exchange FTX.
Prices of Telegram bot tokens have risen sharply
Against the background of general interest in UNIBOT, competitors have finally begun to appear. Some cryptocurrency data aggregators, such as CoinGecko, have even added a telegram bot tokens section.
Here are some growth leaders over the past two weeks:
MEVFree reaches new all-time high
MEVFree appeared at the end of February, but began to gain popularity only at the end of July. It rose by almost 200%, although back in May it was worth $0.003.
Today, August 10, the token reached its all-time high of $0.42. The gain since hitting a record low exactly three months ago was 13,298%.
The project describes itself as a set of tools that protect holders and enable them to extract the maximum value from each transaction in the aggressive DeFi environment created by MEV bots.
MEVFree has a market capitalization of $22.2 million with a daily trading volume of $500,000.
Wagie Bot's early investors are still in the black
Another popular telegram bot token that has been enjoying success over the past few weeks is Wagie Bot (WAGIEBOT). This project offers features similar to most projects in this category. These include tracking and trading tokens of other crypto projects.
The launch of the token on decentralized exchanges (DEX) took place on July 10. Over the next two weeks, its price rose by 31,000% and reached a historic high of $1.74.
However, since then there has been a period of price cooling. Currently, one token can be purchased for $0.30. Relative to the recent historical maximum, it has fallen in price by 82%. However, early investors are still capturing over 5,500% gains compared to the launch day price.
WAGIEBOT currently has a market capitalization of $2.8 million with a daily trading volume of $540,000.
LootBot opens up opportunities for airdrop farming
The new project LootBot (LOOT) was launched on July 15th. It is focused on automating airdrop farming. On its website, the project states that it can effectively automate drop tracking for users.
Farming airdrops are those actions that allow users to receive tokens and / or other rewards from the project
At launch on July 20, the coin cost $0.03. At the same time, just five days later, it reached an all-time high of $1.30. Return for early investors was 3,800%.
After that, as in the case of WAGIEBOT, there was a period of cooling, when the price fell by 65%. Despite the downturn, early investors are still making over 1,000% returns - LOOT's price has risen over 40% to date alone.
LOOT currently has a market capitalization of $3.3 million with a daily trading volume of $800,000.
