Synthetix, Aave and Bitbot token poised amid spot Ether ETF anticipation

Synthetix (SNX) and Aave (AAVE) are both trading higher today, with 6% and 4% in 24-hour gains respectively.

With the US Security and Exchange Commission (SEC) expected to make an announcement today, it could be a massive pump for SNX and AAVE. 

Meanwhile, Bitbot (BITBOT), a new project that just hit $3.7 million in presale, could be one of those to watch as investors take position with potential gems.

Synthetix Network sees market growth

The bullish outlook around Synthetix has strengthened amid key developments over the past few months.

Synthetix Network recently unveiled the decentralised perpetual trading platform dubbed Infinex to boost its DeFi traction. 

The platform is also rolling out its  V3 upgrade amid push for further scalability and decentralisation. The Synthetix Perps volume has also surged, recently hitting $500 million in daily volume.

Meanwhile, the rollout of Perps trading fee rebates on L2 platform Base is attracting trader attention.

SNX price could benefit from these activities as well as the overall enthusiasm amid the ETH spot ETF anticipation. Currently, Synthetix price is at $2.94 but is likely to explode as market conditions help solidify bull market forecasts.

Aave TVL rises as to above $13 billion

Aave’s total value locked (TVL) has grown in recent weeks to suggest rising activity and interest. Data from DeFiLlama shows AAVE currently has a TVL of $13.1 billion, up from just over $10.5 billion on May 17.

That’s an increase of over $2.5 billion this past week as the price rose 13%.

The market anticipates a price breakout for Ethereum if the SEC approves spot Ether ETFs. Lido DAO, Uniswap, Optimism among other tokens are forecast as potential top gainers. Analysts also see crypto lending protocol Aave (AAVE) as one of those likely to rally as ETH tears higher.

Aave price is at $99.41, up 6% in the past 24 hours as bulls eye breakout above $100.

Bitbot reaches $3.7 million in presale as launch nears

One crypto market sector that’s seeing huge adoption amid the current bull market phase is the Telegram trading bots ecosystem.

This relatively new market has seen over $22 billion in trading volume. Per the latest on-chain data, Maestro, Bonkbot and Banana Gun lead the top bots by volume.

Bitbot could race to the top of the leaderboard when it launches its trading bot following the conclusion of its presale.

While it harnesses the power of artificial intelligence (AI) and offers top institutional-grade tools like these other bots, there’s a distinction that sets Bitbot apart as a premier solution. 

This notable game-changing feature is that Bitbot is the first non-custodial trading bot on Telegram.  

With this architecture, Bitbot stands out as the trading app that prioritises user security. Giving users complete control of their wallets means protection against some of the security incidents that have previously impacted users of Banana Gun, Unibot and Maestro.

Is Bitbot a good buy today?

Bitbot has recently released its product update, highlighting how its Bespoke Wallet Management feature works.

As the market heats up amid potentially cycle-defining news – the US House just passed a key crypto bill – its possible that Bitbot’s focus on security sets it on course as top trading tool for crypto traders.

Early interest has seen over $3.7 million raised so far as stage 14 of the presale flies by. This means buying BITBOT at the current price of $0.0189 could be an opportunity before the final stage rolls in at $0.02.

The top bots delivered huge gains after their launch and Bitbot’s upcoming release could catalyse an explosive run in the market.

Learn more about Bitbot here.

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