The crypto community loves anonymity, and Telegram is emerging as the top platform for the community to interact with each other. So when Telegram started adopting crypto, the community was quick on the uptake.Â
Soon Telegram Bot Tokens came into play, and now they are reshaping the trading dynamics that we know. In a short span, Telegram bot tokens are giving investors double returns on their investments.Â
Let’s take a look at this week’s top 5 Telegram Bot Tokens.
1. UnibotÂ
Unibot is one of the top-performing Telegram bot tokens, with a price increase of 55.46% in the past 7 days.Â
The token’s price is currently at $165.39, with a market capitalization of $130 million and a daily trading volume of $10.60 million.Â
Unibot is a trading bot that provides users with automated trading signals, market analysis, and portfolio management services.
The price of Unibot has been on a steady uptrend in recent months, with a few minor pullbacks.
At the start of this week, a downward trajectory started from the $130 mark, but the price soon found support at $110 on August 3, following which a reversal was observed, and it crossed the resistance level on August 4th.Â
The price consolidated above that level for the rest of week and has again started an upwards movement today.Â
The RSI is at 70.23, which is in the overbought territory. However, the MACD is still in an uptrend, which indicates that the momentum is still positive.Â
Overall, the technical indicators suggest that Unibot is in a bullish trend, but a correction may be in order soon.
2. Trace AI
Trace AI is another Telegram bot token that has seen significant price appreciation in recent days.Â
The token’s price has increased by 103.89% in the past 7 days, from $0.0017 to $0.0035.Â
Trace AI is a bot that provides users with real-time data on cryptocurrency markets, including price movements, trading volume, and order book information.
The price of Trace AI has been volatile in recent months, with major pumps and dumps. The token broke out of a resistance level at $0.0026 yesterday and has been moving up since then.Â
The RSI is at 76.23 in overbought territory, which suggests that the price may be due for a correction.Â
3. PAAL AIÂ
PAAL AI is a Telegram bot token that has seen a steady price increase in recent months. The token’s price is currently at $0.016, up 95% in the past 7 day.Â
At the beginning of the week, PAAL AIÂ was consolidating below $0.01, and then the Telegram bot token demonstrated strong performance with a massive 90% surge in price.Â
The trading volume of PAAL has surged 96% to $668,516, which represents a 5.69% ratio to its $11.7 million market cap.Â
4. MEVFreeÂ
MEVFree is a relatively new Telegram bot token that has quickly gained popularity. The token’s price is currently at $0.32, up 90% in the past 7 days.Â
MEVFree is a bot that helps users to avoid paying miner extractable value (MEV) fees when trading cryptocurrencies.
MEVFree has been on a strong uptrend in recent days, with a few minor pullbacks. The token broke out of a resistance level at $0.24 on August 5th, and then the price underwent a correction for the day.Â
However, it has again started an upwards trajectory. The RSI is at 72.53, which is also in overbought territory.
5. Quick Intel (QUICKI)Â
Quick Intel, also known as the QUICKI token, experienced a remarkable price increase this week, with a gain of 166%, raising its price from $0.000001029 to $0.000002802.
However, the market cap of the Quick Intel token remains relatively modest at $2.24million, accompanied by a trading volume of just $40,000. The low trading volume raises significant questions regarding Quick Intel’s security.Â
Will Telegram Bots Stay Relevant?
The recent price appreciation of Telegram bot tokens is a sign of the growing interest in this new technology.Â
Telegram bot tokens offer a number of advantages over traditional trading bots, such as their ability to be customized to the individual user’s needs and their ability to access real-time data from cryptocurrency markets.Â
However, it is important to remember that Telegram bot tokens are still a new technology, and there is a risk of volatility in the market. Investors should do their research before investing in any Telegram bot token.
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