Thousands of meme coins are available on dozens of blockchains, making it difficult to identify which ones will actually outperform. The market moves quickly and traders are constantly looking for the next promising opportunity.
This is why capital has flowed into Snorter (SNORT) recently while building a Solana-based, Telegram-enabled coin trading bot that plans to expand to multiple blockchains soon. Not only could this help traders catch the next coin, but holding the SNORT token provides widespread exposure within an industry where diversification is key to staying afloat.
The Snorter presale, which concluded on Monday October 27 after raising more than $5.5 million, generated significant buzz. Investors who missed the previous pre-sale stages still have one last chance to buy at the initial exchange offering (IEO) price of $0.1083.
The SNORT token powers the project’s ecosystem, offering low trading fees, staking rewards, and governance rights. These utilities are expected to boost organic demand once SNORT enters the open market on Monday, paving the way for potentially significant price action.
What is the Snorter trading robot?
In the fast-paced world of meme coins, a few seconds can mean the difference between a 2x and 10x win. This is why smart money traders rely on trading bots, and this is why Snorter is attracting such interest.
Snorter prioritizes speed, built on private RPC infrastructure that bypasses the usual congestion of decentralized exchanges, allowing orders to be executed in milliseconds instead of minutes. There are two main ways for users to place orders with Snorter: automated token capture and copy trading.
Automated token capture involves users entering the contract address for a liquidity pool, and the Snorter bot will monitor it and buy tokens as soon as liquidity is added.
Meanwhile, copy trading involves users entering a trader’s address, and the bot will mirror their orders. This approach is ideal for those who want a less research-intensive trading strategy while still gaining exposure to some of the meme coins with the strongest potential.
Users also have full control over position sizes, with access to features such as limit orders and dynamic stop-losses. Additionally, the bot is MEV resistant, ensuring that users always receive the best possible rates on their token trades.
As mentioned, the SNORT token is at the heart of this ecosystem, with one of its main utilities being access to discounts on trading fees. Holders will only pay 0.85% in fees, which is significantly lower than the market average of 1% to 2%. This could prove to be a major advantage that would attract users and galvanize Snorter’s long-term potential.
Why multichain tools like Snorter are the future
Coin trading bot Snorter will be native to Solana, but plans are also in place to expand its operations to EVM chains including BSC, Ethereum, and Base. This is an important consideration because the ebbs and flows of crypto make relying on a single ecosystem risky.
As the chart below shows, Solana and Ethereum dominated the trading bot market until September, when BSC unexpectedly took the lead. This would have left single-chain bots struggling, while multi-chain bots like Snorter could adapt and continue serving users.
Ultimately, multi-chain functionality is essential for any project concerned with remaining relevant in the long term, as current opportunities are unlikely to be the same in one or five years.
Snorter’s combination of multi-chain support, competitive fees, and advanced ordering mechanisms attracted considerable attention, helping it raise $5.3 million and gain expert backing.
For example, in a recent YouTube video, popular analyst Jacob Bury predicted that Snorter could achieve up to 100x earnings once listed on the stock exchange.
How to buy Snorter before listing
Time is running out for investors who have yet to purchase Snorter, with less than 12 hours left until it hits the open market. The good news is that joining the presale is simple: just visit the project website.connect your wallet, select the amount of SNORT you want to purchase and choose your preferred payment method.
Participants can claim their tokens directly on the Snorter website immediately once the trading list goes live.
The cryptocurrency market has seen significant volatility in recent weeks, with the largest liquidation event in history occurring just over two weeks ago. Additionally, concerns over a US-China trade war have reignited a sense of fear and bearish momentum last week.
However, the market seems to be stabilizing this week. Investors are looking to upcoming interest rate cuts, a possible U.S.-China trade deal, and a continued increase in on-chain institutional adoption.
And since the fourth quarter is historically the best-performing quarter for crypto prices, it appears that Snorter could launch into the open market at the perfect time – at the start of a broader market recovery and fourth-quarter rally.
