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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.
![](https://captainaltcoin.com/wp-content/uploads/2023/10/image-779-1024x576.png)
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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