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The AI-Powered Trading Bot Anyone Can Use

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Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

The market for cryptocurrencies is certainly full of potential, and at the same time, it can be quite overwhelming as well. Especially for a new entrant, the trends might just be a bit too much changing, coupled with technical jargon.

But what if there was a way to make crypto trading a reality for everybody just by making the process simple? Meet AlgosOne: an AI-driven platform that automates the analysis process and executes successful trades so people of any experience level can confidently partake in the crypto market.

The AlgosOne AI works with a high-power blend of algorithms, including machine and deep learning, to analyze large-scale market data. These include historical patterns, price movements in real-time, news events, and even sentiment on social media.

After studying all the critical areas, AlgosOne points out potentially profitable situations that human traders may fail to notice or analyze due to their limited information-handling abilities. Fueled by state-of-the-art algorithms and a large GPT-4 model that can support up to 500 pages of data within a few minutes, AlgosOne never rests and is always on the lookout for successful trades for you automatically.

Moreover, AlgosOne is not just about stating where trends lie. It goes a step further in customizing a trading strategy to fit what you specifically require. During the registration process, you define your risk settings and investment goals.

That information is then used in defining a customized trading strategy that sees to it that trades are in your comfort zone and toward your financial goals. This way, it is not just throwing in trades but following a data-driven approach optimized for your success.

AlgosOne does it all, from catching emerging trends to predicting a market upsurge: it does all this with unsurpassed accuracy. The testament to the trades the AlgosOne AI suggests is the remarkable 80% success rate that it offers. To see this trading success rate yourself, AlgosOne lets you try out its platform through a 14-day risk-free trial.

AlgosOne’s AI doesn’t operate with a one-size-fits-all approach. It recognizes that different investors have varying levels of experience, risk tolerance, and trading goals. To cater to this

diversity, AlgosOne offers three distinct trading methods, each designed to empower you on your path to success:

  1. Fully Automated Trading

Ideal for newbies or for anybody who simply does not feel like spending hours reading the market and always wants to capture the perfect trading opportunities. In this, the AI is constantly on the lookout for a successful trade, and as soon as it finds one, it executes the trade. The user will only receive a notification of the trade, and that’s it.

One check that the AI runs before executing a trade is the verification of your selected risk settings. If you select low in the risk settings, then the AI will go for low-leveraged 1x or 2x trades. However, if your risk settings are set high, then the AI will go for 50x, 75x, and even 100x leveraged trades. Holistically, this process allows you to just sit back, relax, and watch your portfolio grow without having to keep an eye on the market from time to time.

  1. 1-Click Approval Trades

The 1-Click Approval Trades technique is meant for those who are looking to balance automation with control. AlgosOne AI scans the markets, identifies where there is potential for a trade, and then highlights this for you by clearly stating the entry and exit points.

You can approve the trade with just one click if it suits your strategy, or just decline in case you like waiting for a better opportunity to present itself. It empowers you to use the power of AI to make informed decisions while still being in control of your trades.

  1. Trading Bank Trades

Looking to supercharge your returns? AlgosOne’s innovative Trading Bank Trades are designed to maximize your profits. This feature utilizes referral credits, which you can earn by referring friends to the platform. These credits are then used to execute additional automated trades on top of your daily tier limit. You can find your daily limits in the detailed table below by clicking here.

AlgosOne has recently introduced its innovative approach to wealth accumulation through its savings accounts.

The key to AlgosOne savings accounts lies in their hands-off approach to investing The magic secret about AlgosOne savings accounts is that they are hands-off investments. No more waiting for signals from discord groups and manually putting in those trades or regrets of missing out on golden opportunities.

With AlgosOne’s savings account, all your profits will be used for even more trades and they will keep on compounding with every trade. The withdrawal time is about 12 to 36 months, so you can have an impressive and sizable investment portfolio.

But maybe the most compelling feature of AlgosOne Savings Accounts is their unwavering commitment to long-term growth. First of all, they are registered with the EU to ensure the reliability and security of the platform.

Secondly, they have established the AlgosOne Reserve Fund for anyone who suffers losses due to any error or hacking attack. Lastly, the upcoming Algosone is going to launch its own token, which will further strengthen the whole community and project for long-term success.

For a limited time, you can try out AlgosOne yourself through a two-week risk-free trial!

AlgosOne isn’t just about making trading easier. It is going to tokenize its AI and the users have the possibility to own part of the AI core. With the tokenization of the platform, it is going to bring the AI ownership to its users.Here’s how the AlgosOne token empowers you:

  • Let your tokens work for you! AlgosOne plans to distribute regular dividends from its profits to token holders. This means you can earn a steady stream of passive income simply by holding onto your tokens. (Note: The specific frequency of these dividends is not publicly available yet. Be sure to check the AlgosOne website for the latest information.)
  • The AlgosOne token has a limited supply. With increasing value across different sale stages (pre-sale, public rounds), the token might hold the potential for significant growth.

Visit the AlgosOne website today to learn more about the AI app that is advancing constantly. You can use the 14-day free trial and see how the AI works.

Disclaimer

This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Maintains Support Level: What It Means For The Bulls

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XRP price climbed higher and tested the $0.4840 resistance zone. The price corrected gains but the bulls are able to protect the $0.4750 support.

  • XRP price is eyeing an upside break above the $0.4840 resistance zone.
  • The price is now trading above $0.4720 and the 100-hourly Simple Moving Average.
  • There is a connecting bullish trend line forming with support at $0.4760 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair might gain bullish momentum if there is a close above the $0.4840 resistance.

XRP Price Corrects Gains

XRP price started a decent upward move above the $0.4740 resistance like Bitcoin and Ethereum. The bulls were able to push the price above $0.480. However, the bears were active near the $0.4840 resistance zone.

A high was formed at $0.4839 and the price recently started a downside correction. There was a move below the $0.4800 and $0.4780 levels. The price even spiked below the 50% Fib retracement level of the upward move from the $0.4695 swing low to the $0.4839 high.

It is now trading above $0.4740 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.4760 on the hourly chart of the XRP/USD pair.

On the upside, the price is facing resistance near the $0.480 level. The first major resistance is near the $0.4840 level. The next key resistance could be $0.4880. A clear move above the $0.4880 resistance might send the price toward the $0.5050 resistance.

XRP Price

The next major resistance is near the $0.5120 level. A close above the $0.5120 resistance zone could send the price higher toward $0.5250. Any more gains might send the price toward the $0.5320 resistance.

More Losses?

If XRP fails to clear the $0.4840 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4765 level and the trend line.

The next major support is at $0.4740, the 61.8% Fib retracement level of the upward move from the $0.4695 swing low to the $0.4839 high, and the 100-hourly Simple Moving Average. If there is a downside break and a close below the $0.4740 level, the price might continue to decline toward the $0.4640 support in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now just below the 50 level.

Major Support Levels – $0.4765 and $0.4740.

Major Resistance Levels – $0.4800 and $0.4840.



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The Rise of Liquid Staking on Solana: Key Insights

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Solana, the fifth-largest crypto asset by market size and the third-largest proof-of-stake (POS) network, saw its liquid staking ratio rise by 1.76% quarter-over-quarter.

According to DefiLlama, over $54 billion worth of crypto assets are staked across liquid staking platforms. Liquid staking, unlike traditional staking, lets users earn extra yield and retain liquidity with a derivative token for DeFi.

The Rise of Liquid Staking on Solana

Data from Dune Analytics shows over 23 million SOL, valued at over $3.6 billion, staked on liquid staking platforms. Solana has a higher staking ratio than Ethereum, around 60%, but only 6% of staked SOL is in liquid staking. This indicates untapped potential in Solana’s liquid staking sector, as well as potential growth opportunities.

Read more: What Is Liquid Staking in Crypto?

Solana Liquid Staking Ratio
Solana Liquid Staking Ratio. Source: Dune Analytics

Solana’s two-day unbonding period, shorter than many other blockchains, might also impact the popularity of liquid staking. Konstantin Boyko-Romanovsky, founder and CEO of Allnodes, explains how this can be an advantage over other blockchains like Polkadot or Ethereum.

“Since Solana’s unbonding period is only two days, liquid staking might not be as popular as blockchains with unbonding periods of 2-3 weeks. In the context of staking, the unbonding period is when staked assets are unlocked and available for use after a user decides to unstake them,” Boyko-Romanovsky, told BeInCrypto.

Platforms like Sanctum and Jito Labs are also driving the liquid staking boom on Solana. According to researcher and analyst Tom Wan, Sanctum lowered the barrier of entry and is helping projects build their own liquid staking tokens (LSTs) and scale.

Jito currently has about 91,000 Solana investors staking on the platform, with an APR of over 8% and over 10.6 million SOL staked.

“Sanctum is able to take the torch. The launch of INF, Sanctum Router, and Sanctum Reserve, has lowered the barrier to entry, buklding foundation of a Cambrain explosion of the liquid staking sector on Solana,” Wan shared in a post.

Solana Dominance of Liquid Staking Token
Solana Dominance of Liquid Staking Token. Source: Dune Analytics

Boyko-Romanosvky also highlights the influence emerging trends like re-staking can have on liquid staking’s growth in Solana.

“Emerging technologies like re-staking can potentially influence the development and adoption of liquid staking on Solana and similar blockchains. By providing continuous liquidity, increasing yield opportunities, and offering greater flexibility, re-staking can enhance the attractiveness of liquid staking even on platforms with short unbonding periods like Solana. However, ensuring the security and reliability of these technologies, alongside effective market and liquidity management, will be crucial for their success and widespread adoption,” Boyko-Romanosvky shared.

Read more: Solana (SOL) Price Prediction 2024/2025/2030

As liquid staking continues to grow in popularity, Solana could benefit from increased user participation and enhanced network security. So far, two major filings for a Solana ETF have been made in the US. If liquid staking popularity continues to grow, it can give Solana a competitive advantage and attract investment firms.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Price Challenge: Can It Break Through and Resume Climbing?

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Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650.

  • Bitcoin started a decent increase above the $62,500 and $63,000 levels.
  • The price is trading above $62,250 and the 100 hourly Simple moving average.
  • There is a connecting bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might gain bullish momentum if it clears the $63,650 resistance zone.

Bitcoin Price Holds Ground

Bitcoin price started a decent upward move above the $61,200 zone. BTC was able to clear the $62,000 and $63,000 resistance levels to move into a short-term positive zone.

However, the bears took a stand near the $63,650 zone. A high was formed at $63,798 and the price recently corrected some gains. There was a move below the $63,200 level. The price tested the 23.6% Fib retracement level of the upward move from the $59,950 swing low to the $63,798 high.

Bitcoin price is now trading above $62,250 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair.

If there is another increase, the price could face resistance near the $63,250 level. The first key resistance is near the $63,650 level. The next key resistance could be $64,000. A clear move above the $64,000 resistance might start a steady increase and send the price higher.

Bitcoin Price

In the stated case, the price could rise and test the $65,000 resistance. Any more gains might send BTC toward the $66,500 resistance in the near term.

Are Dips Supported In BTC?

If Bitcoin fails to climb above the $63,650 resistance zone, it could slowly move down. Immediate support on the downside is near the $62,800 level and the trend line.

The first major support is $62,200. The next support is now forming near $61,800 and the 100 hourly Simple moving average. It is close to the 50% Fib retracement level of the upward move from the $59,950 swing low to the $63,798 high. Any more losses might send the price toward the $60,500 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $62,800, followed by $61,800.

Major Resistance Levels – $63,650, and $64,000.



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