The UNIBOT price increased sharply on July 18, when it was first listed on the market. It is currently attempting to break out from the $85 resistance area.

On July 19, CoinGecko added a new category that consists of Telegram Bot tokens.

Telegram bots designed for decentralized applications are automated software allowing users to execute on-chain trading or farming tactics directly within the messaging app. Users can connect their wallets to these bots or generate new Ethereum wallets within the interface.

At the time of writing, the top three coins in this category are Unibot (UNIBOT), LootBot (LOOT), and Collab.Land (COLLAB). Unibot is a particular example that facilitates automated trading on the Uniswap decentralized exchange (DEX).

It offers various features like snipping, enabling instantaneous token purchases right after listing, and revenue sharing, streamlining the trading process.

All three of these coins have increased considerably over the past seven days. However, it is worth mentioning they all have a minuscule market capitalization. UNIBOT has a market capitalization of $84 million, ranking inside the top 300. But LOOT and COLLAB are outside the top 100, with a market capitalization of less than $7 million.

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Author: Valdrin Tahiri

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