Just a few days ago, CoinMarketCap and CoinGecko added a new hot category of tokens - Telegram Bot Tokens.

Telegram bots have been the best-performing group of tokens on CoinGecko over the past 7 days at the time of writing.

What are Telegram bots?

Telegram bots are automated software designed for decentralized applications that allow users to execute on-chain trading strategies directly from Telegram.

For hard-core crypto degens, things such as snipers, frontrunners, and copy-trading bots are not a new creation.

However, new types of software such as Maestro Sniper Bot have wrapped these obscure concepts into a powerful and user-friendly tool making them accessible to a much larger audience.

These new apps allow you to quickly buy and sell tokens at the best possible price, purchase newly launched tokens right after liquidity is added, and set up advanced automated trading strategies.

Maestro is already generating almost $200,000 in fees per day which puts it in the 10th place of all DeFi protocols.

Other types of these bots, such as LootBot, can airdrop farm for you. You no longer have to spend hours manually executing tasks required to qualify for a potential airdrop - the bot can perform these tasks for you.

Using these bots carries substantial risk, the most notable one being falling victim to rug pulls and other scams.

You should only invest money you are comfortable losing and never connect your main wallet to a trading bot - create a separate wallet that you use only for these purposes. It’s also a good idea to use a VPN when dealing with any on-chain activity.

Keep in mind that these bots either charge a monthly fee or take a percentage of your trade when you buy and sell - this is how they generate revenue.

But when I talk about Telegram bots printing 100x gains, I’m not referring to the on-chain activities you can carry out using the actual bot.

I’m talking about a brand new phenomenon, much easier to get exposed to - trading bot tokens.

What are Telegram bots tokens?

Several of these Telegram trading bots have recently launched tokens that have absolutely exploded.

Since these are tokens with small market caps that are supporting revenue-generating products with real utility (as opposed to memecoins), they can present a longer-lasting trend.

Unibot is up over 1000% since its launch, WagieBot is also up about 1000%, 50% down from its all-time high, Genie has already burnt 3 zeros since its launch a month ago.

And the list goes on.

All these tokens are of course highly risky micro-caps that are usually only available on Uniswap and might be built on somewhat fishy smart contracts. I would definitely advise against holding them long-term.

But for the savvy trader that manages to get in at the bottom and ride the wave, they can generate life-changing wealth.

The entire Telegram trading bot market cap is currently $170 million. This is very little for a crypto sector that has real-world utility and the capacity of bringing millions of people into the world of on-chain trading.

This means you’re early to this narrative!

And the most exciting part: The biggest Telegram trading bot - Maestro - doesn’t have a token yet, so I’m closely following its socials to stay tuned!

To Sum Up

• With Bitcoin acting as stablecoin and most altcoins lagging, Telegram bot tokens have sent some fresh oxygen to the veins of crypto traders.
• As opposed to memecoins, Telegram bots have real utility and are generating tens of thousands of dollars in revenue every day.
• Telegram bots simplify on-chain trading letting you trade directly from your phone and can bring millions of new users to this activity.
• The trading volume of Telegram bots, their generated fees, and the market cap of their tokens have been exploding in the past weeks.
• Using these bots and investing in their tokens comes with significant risks and you should always do your due diligence.