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💬 Crypto's latest trend up ∼800%

💬 Crypto's latest trend up ∼800%

PLUS: Hamsters... jeez 🤦

Alex M.
July 24, 2023

GM everyone. This is 2036, the crypto newsletter that pays you.

Here’s what we’re serving up today 🍲: traders spent the weekend getting rich off of hamsters (🤦 don’t ask), and a new trend just reached a $100M market cap. Is it worth your attention?

Let’s dig in.

🥔 Today’s meat and potatoes

Get smarter on crypto in 2 minutes

UNIBOT is a telegram crypto trading bot that lets you trade cryptocurrencies directly in Telegram - as easily as you would text your friends.

[Telegram is a messaging app like Whatsapp]

And over the last month, $UNIBOT is up ∼800% 👀

Jeez.

So what’s going on?

For better or for worse, Unibot could signal the beginning of a new long-term trend in crypto.

Here’s why:

1/ A lot of young people want to trade crypto. They don’t really want to own stocks (unless it’s Tesla) and (god forbid) definitely not bonds.

2/ But traditional on-chain crypto trading is slow and not very user-friendly.

Take Uniswap, the decentralized alternative to something like Coinbase. To trade on Uniswap, you have to:

connect your wallet
scroll down to select your trading pairs
confirm transactions in Metamask multiple times

… and you have neither a complete portfolio overview nor the ability to copy other traders easily.

It’s slow because it’s fully decentralized and requires you to self-custody your funds.

But…

3/ Many of these traders don’t care about decentralization.

They don’t want to go out of their way to secure their own funds and become their own bank.

They want to scroll TikTok and trade fast - on their mobile phones.

They’re willing to compromise on centralization and wallet security for a fast and clean user interface.

4/ Unibot was built to give them exactly that.

Using Unibot is as easy as texting your friends on Telegram.

The moment you connect to it, it creates 3 wallets for you in seconds that you’ll need to top up with ETH.

Within a minute of starting, you can trade, set limit orders, get portfolio updates in real-time, copy other traders, etc.

All in your regular messaging app, without having to custody your own funds (they take care of that for you).

the starter screen for trading on Unibot

What do we think?

We can like it or dislike it, but Unibot already has:

over 4,000 unique users
processed over $75M in trades
collected more than $5M in fees
grown to a $100M market cap

It’s clearly meeting a need.

The crypto community has spent years saying we need better user interfaces to attract the next billion people into crypto - the same way Robinhood brought millions to stock and options trading.

Well, now we have it.

A telegram chatbot that has access to your private keys sounds like a financial catastrophe just waiting to happen.

But as long as they can avoid major consecutive PR scandals (fraud, scams, rug pulls, etc.), we wouldn’t be surprised if messaging bots end up becoming huge.

With that said, you don’t have to use the actual bots to participate in the upside. Many of these - including Unibot - have their own tokens that you can buy to ride the trend (all of which could go to 0 tomorrow).

We’ll probably be staying away, but if memecoins like $PEPE showed us anything, it’s that:

fundamentals don’t always matter
trends can be strong and last longer than you think ($PEPE went up 22X after we first wrote about it…)

We’ll let you decide whether trading bots are for you. We’re just the messenger. And we’ll keep bringing you juicy opportunities as the bull market takes off.

[if you want to try Unibot for yourself, this link will open it up in Telegram]