BANANA coin, a leading competitor to the popular Telegram bot Unibot, has seen a nice 30% price surge over the past 7 days amid a major hack of Unibot.
According to crypto analyst Caff, BANANA should be a prime target for traders looking for “make-it” plays heading into the next bull run. He argues it is the ultimate tool for both novice and experienced on-chain traders on Telegram.
The BANANA team continues to deliver improvements like limit orders and an enhanced UI/UX. They have also rapidly grown their market share of Telegram sniper volumes, taking the #2 all-time spot by volume just yesterday.
In the past few days, BANANA has hit an all-time high in daily volume and fees, averaging nearly $6 million per day. This uptrend in volume leads to sustained revenue increases, which are shared with BANANA holders.
BANANA’s dominance in the Telegram bot trading market has expanded quickly over recent months. It now does 4x the volume of Unibot. Following a hack of Maestro, BANANA is also nearly equal to Maestro in volumes and is primed to become the #1 Telegram trading bot.
Beyond just a sniping tool, BANANA wins 93% of all snipes against competitors – 70,089 out of 75,350. It is the undisputed #1 Telegram sniper bot, with the 2nd highest volume of any Telegram bot, having generated $2.5 million in revenue to date.
With its $22 million market cap, Caff argues BANANA is severely undervalued given its potential for even higher revenues as on-chain activity picks up. Just a few days ago, BANANA was the 3rd highest fee generating protocol on Ethereum behind only Uniswap and MetaMask, despite historically low volumes.
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As we enter the next bull run in 2023/2024, BANANA seems poised to emerge as a blue-chip DeFi protocol given its clear dominance of Telegram trading bot activity.
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