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Bitbot: Revolutionizing Telegram Trading Bots

Bitbot: A Game-Changer in Telegram Trading Bots In the fast-paced world of cryptocurrency, few developments have captured attention quite like Bitbot. Mere weeks after surpassing the seven-figure mark in its presale, this innovative Telegram trading bot has amassed over $2 million, garnered 80,000 followers on Twitter X, and built a community of more than 27,000 members on Telegram. The enthusiasm surrounding Bitbot is a testament to its strong market presence and the compelling nature of its product offering. The Growth of the Telegram Trading Bot Market The landscape for Telegram trading bots has evolved dramatically. Back in October, daily active users numbered under 10,000, but the market has since ballooned to a staggering \(1.4 billion in market cap. The cumulative trading volume has reached \) 18 billion, with a remarkable $12 billion generated in 2024 alone. This trend signals a vibrant industry poised for exponential growth. Competitors in the Market Key players like...
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling Trends: Crypto Developer Landscape Analysis by Electric Capital

The recent report from Electric Capital presents a mixed bag for the crypto industry, showing a decline in the number of active open-source crypto developers while highlighting positive trends in other key areas. Here's a breakdown of the findings:

Drop in Active Developers

  • A sharp 24% drop in the number of active open-source crypto developers from the end of 2022 through 2023.
  • Just over 22,000 developers currently operate in the industry across various blockchains.

Reasons Behind the Decline

  • The decline is attributed to the crypto winter following the collapse of cryptocurrencies UST and LUNA in May 2022, as well as the FTX collapse in November of the same year.
  • Majority of developers who left the industry in 2023 were new to crypto, with over 52% of developers with one year or less of experience exiting the space by December 2023.

Positive Trends

  • Developers with one to two years of experience only dipped by 1%, while developers with over two years of experience grew by 33% by the year's end.
  • Geographic diversity of developers has increased, with a decline in U.S.-based developers and a rise in developers from non-Western countries in Asia, Africa, and Latin America.
  • Europe continues to lead in producing the most crypto developers globally, with 34% of developers from the region last year.

Development Focus

  • 34% of all developers now work on multiple chains, indicating a growing trend towards multi-chain development in the crypto industry.

The crypto industry faces challenges with the departure of developers, but the resilience and growth seen in experienced developers, geographic diversity, and multi-chain development present promising opportunities for the ecosystem moving forward.

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