As Bitcoin leads market recovery, Telegram bots get their time to shine

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The growing narrative around Telegram bots did not cease to exist despite Bitcoin's attempt to increase dominance. Find the bits and pieces here.

did not fizzle out the narrative controlled by UniBot. According to CoinMarketCap, UNIBOT gained 21.15% in the last 24 hours, much more than any cryptocurrency in the top 10.

Like UNIBOT, LOOT also gained as high as 24.88% within the same period. The rise of Unibot and Lootbot could be linked to the increasing adoption of automated trading algorithms by traders who use their smartphones. As a result of the traction, the market capitalization of both projects increased. But UNIBOT has been noteworthy as its market cap rose to $179.75 million. The hike in market cap suggests how UNIBOT has been a beneficiary of increased liquidity and an increase in price.

Furthermore, the trading volume also maintained a considerable height level. At press time, UNIBOT’s trading volume was $15.17 million. Rising prices on rising volumes indicate increased momentum and the potential for prices to surge further.also showed that the bot’s social volume has been increasing. Social volume is built on top of data from social interaction platforms.When the metric increases, it means that the number of search terms for the asset is increasing.

 

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