Market
Advantages of Using AI for Trading AlgosOne can bring to its Users
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.
Whether you are writing a best man speech or creating a powerpoint presentation for your boss, you’re probably using artificial intelligence (AI) to get time-consuming tasks done better and faster. So why not use it to improve your trading too?
Let’s look at what the main advantages are of using AI in your trading and how to go about it even if you have no coding knowledge or prior financial experience.
Advantages of Trading with AI
- More Data, Deeper Insights. Arguably the number one benefit to trading with AI is that it can process more, and do more with the data it processes. It can analyze millions of data points, at lightning-speed from every corner of the internet, to identify otherwise invisible market patterns and emerging trends. Traders can then use those insights to make more informed decisions, based on a 360° view of market conditions that includes data ranging from social media-based market sentiment to financial reports, price histories, global news, economic indicators, regulatory updates and more.
- It All Comes Down to Timing. Machines work faster than people and in trading, getting your timing right is crucial. High-frequency AI trading systems can execute multiple simultaneous trades, across asset-classes and time-zones, all within a heartbeat. The AI will never tire, trading 24/7, exploiting fleeting price inefficiencies and other short-term opportunities, ensuring no potentially profitable window is missed.
- Feeling Zen? Who Cares?. How are you feeling? Afraid of missing out, a little impulsive, eager for a big payday, scared of a sudden market shift? With AI it really doesn’t matter. A bot will operate based on pre-programmed strategies and risk parameters making for disciplined, unbiased trading. This means better performance and more consistent profits.
- See Around the Corner. AI is exceptionally good at predictive analytics. Today’s advanced machine-learning algorithms can identify patterns and possible breakouts or reversals with amazing precision. This means traders are able to forecast market movements, and anticipate the impact of global economic events with pinpoint accuracy.
- Agility and Adaptability. While it’s common for a trader to find a strategy that works and then stick to it regardless of shifting market conditions, a sophisticated AI bot will automatically adjust risk parameters and strategies to suit an ever-changing market reality.
Machine-learning capabilities enable trading algorithms to learn from every new piece of information they receive and each action they take, continuously improving performance.
With all these advantages, it’s no surprise that a recent Chicago School of Business study found ChatGPT to be more successful than human analysts, when tasked with predicting future earnings of 15,000 US companies, based on analysis of the financial statements they issued to the stock market.
Obstacles to Trading with AI
As we can see, there are a number of advantages to trading with AI. However, there are also some challenges facing retail traders hoping to get on board with this game-changing technology.
To start with, the most sophisticated AI software, used by top institutional investors can be prohibitively expensive and beyond the reach of regular retail traders. Also, it can be quite complex to use. Many AI trading platforms require users to program their own strategies. The algorithm will place orders, based on certain triggers, but the user will need coding capabilities to instruct the AI. In addition, even those AI’s that do not involve programming knowledge require a fair amount of financial knowhow, as users still need to analyze data, as well as select the risk parameters and trading strategies that the AI will implement.
The Advanced AI Accessible to Everyone
This is where AlgosOne.ai enters the picture. It is a free licensed, EU authorized trading platform that uses generative AI, large language models (LLMs) and proprietary deep learning algorithms to trade. The AI handles everything, including which asset to trade, whether to buy or sell, how much to invest, when to enter and exit, and which risk parameters to implement. The user just signs up, deposits funds and then gets on with their day – no coding or strategy building required. It’s fast, simple, and effortless.
AlgosOne’s affordability is enhanced by the fact that all trades are executed completely free and profits aren’t eroded with registration, subscription, inactivity, deposit or transaction fees. The single charge is a commission fee, which only needs to be paid on trades that resulted in a profit. In addition a percentage of the investment amount is returned in compensation on losing trades.
The money from commissions goes into maintaining the balance of the reserve fund, which provides client account protection in case of a hack, fraud, technical failure, market collapse, or the company going insolvent. Clients can also feel reassured regarding the security of their funds, because of the comprehensive risk management protocols. The AI implements hedging, diversification across multiple asset classes, caps on trade size, stop loss and take profit orders, as well as 24/7 market monitoring and AI oversight by human risk management professionals. It also invests more heavily in high probability trades to protect client capital in all market conditions.
Every second, the algorithm is tracking price movements, adjusting risk parameters and using its deep learning capabilities to keep improving profit margins. The AlgosOne AI is self-correcting, learning from every action it takes, so it keeps getting better at forecasting.
AlgosOne will also soon be introducing an additional revenue stream. The presale of AlgosOne’s native AiAO token is launching next quarter. Capital appreciation is assured with a minimum 50% price rise at each presale stage, and AlgosOne’s guarantee to buy at least $100M worth of tokens during the public sale. The AiAO token will serve as a governance token but also provide actual ownership of the AlgosOne AI.
Dividends, tied to AlgosOne revenues, will be distributed quarterly or monthly directly to the token holder’s accounts. The token will also provide decision making power over the future of Algosone.ai. More tokens mean more dividends and a bigger vote in the direction of R&D and the prioritization of new projects.
AlgosOne exemplifies how artificial intelligence offers a world of benefits for traders, ensuring greater insights, faster execution, as well as advanced predictive analytical capabilities. Ready to give AI trading a go? Sign up in seconds, for the AlgosOne 14-day trial. It’s stress-free, and effortless even if you don’t have any programming or trading experience, with no financial commitment.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
Market
VanEck Expands DeFi Offerings with PYTH ETN on Euronext
Asset manager VanEck has launched a new ETN based on PYTH, specifically for European buyers. The Pyth network, a decentralized oracle protocol, has earned praise from VanEck for its potential to transform the DeFi landscape.
This launch follows several similar crypto-focused ventures by VanEck in recent months.
VanEck Launches PYTH ETN
According to a recent press release, asset manager VanEck is listing a new exchange-traded note (ETN) based on PYTH today. The Pyth network is a decentralized oracle protocol that uses PYTH as a network token. PYTH’s value has risen slightly since this announcement, bucking a decline this month, but there has not been a substantial price jump.
This new ETN is one of several recent crypto project investments by VanEck. Earlier in October, the firm launched a $30 million venture fund aimed at crypto startups and, just last week, partnered with Kiln to offer Solana staking.
Read more: What Is a Blockchain Oracle? An Introductory Guide
VanEck publicly stated that Pyth’s technical potential inspired its latest ETN offering. Listed on Euronext Paris and Euronext Amsterdam, the ETN is now available to investors. Although distinct from an ETF, it shares some similarities: its value is tied to PYTH, and VanEck secures the ETN’s underlying assets in cold storage.
“Smart contracts… are gaining increasing significance in the financial world… and oracle networks play a crucial role in enabling [their] real-world use. With our Pyth ETN, investors have the opportunity to participate in the development of… Pyth Network, which has the potential to become a crucial part of DeFi application infrastructure,” VanEck Europe CEO Martijn Rozemuller said.
Read more: Crypto ETN vs. Crypto ETF: What Is the Difference?
However, it remains unclear whether “underlying assets” specifically refers to PYTH tokens. The ETN’s value is derived from the MarketVector Pyth Network VWAP Close Index, which in turn tracks PYTH’s value indirectly. This layered approach to value calculation may help explain why PYTH’s price has remained relatively stable since the announcement.
The press release also notes that the ETN is available across 15 European countries under the ticker VYPT, with a total expense ratio of 1.5%. VanEck cautions twice in its statement about the “risk of extreme volatility” associated with the product.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Swift, UBS, Chainlink Pilot Simplifies Tokenized Fund Transactions
In partnership with UBS Asset Management and Chainlink, Swift has completed a pilot program designed to streamline tokenized fund transactions through its established financial network.
Conducted as part of the Monetary Authority of Singapore’s (MAS) Project Guardian, this pilot demonstrates how financial institutions can leverage Swift’s existing infrastructure to manage off-chain cash settlements for tokenized assets.
Swift, Chanlink and UBS Aim to Streamline Fund Operations and Boost Efficiency
Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions through the Swift network. The initiative addresses inefficiencies in the $63 trillion global mutual fund market by connecting 11,500 institutions to streamline manual processes and cut costly settlement delays that hinder liquidity.
“Chainlink is enabling institutions to reuse Swift’s infrastructure to facilitate payments for digital asset transactions. I am very excited by the upcoming adoption of these off-chain payment capabilities and how they will increase the flow of capital and expand the possible user base of digital assets,” Chainlink co-founder Sergey Nazarov said.
Read more: RWA Tokenization: A Look at Security and Trust
Chainlink and Swift’s pilot bears real potential in demonstrating how financial institutions can streamline these processes in the future. It automates payment processing for tokenized investment funds without requiring a fully blockchain-based system. This approach makes transactions faster and more efficient.
The pilot builds on earlier work between UBS Asset Management and SBI Digital Markets. Their previous collaboration focused on developing a Digital Subscription and Redemption system for tokenized funds.
Using Swift’s established infrastructure, the pilot demonstrated how fund transactions could be settled efficiently by connecting traditional systems with blockchain. Upon meeting specific conditions, UBS’s tokenized investment funds automatically issued or canceled fund tokens for investors.
UBS rolled out a tokenized fund on the Ethereum blockchain on November 1. The “UBS USD Money Market Investment Fund Token,” known as “uMINT,” aims to meet growing demand for tokenized assets. Meanwhile, MAS highlighted its dedication to asset tokenization, drawing insights from 40 institutions and 15 pilot trials.
“Our collaboration with UBS Asset Management and Chainlink under MAS’ Project Guardian uses the Swift network to bridge digital assets with existing systems. This approach supports our goal of helping financial institutions securely transact across various digital asset classes and currencies,” Swift Head of Strategy Jonathan Ehrenfeld commented.
Read more: How To Invest in Real-World Crypto Assets (RWA)?
The pilot highlights the growing momentum toward integrating digital assets with mainstream financial systems, illustrating how established infrastructures like Swift’s can support the fast-evolving digital economy.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Why FET Recovery Could Be More Than 10% in November
Artificial Superintelligence Alliance (FET) is one of the top gainers today, registering a 10% increase within the last 24 hours. This FET recovery contradicts its performance in October, when its price decreased by 13.39%.
Following this rebound, on-chain data shows that the altcoin could be working toward wiping out those losses. Here is how.
Artificial Superintelligence Alliance Sees Buying Pressure
Yesterday, FET’s price was $1.10. But as of this writing, the altcoin’s value has risen to $1.25. According to the 4-hour chart, FET’s price climbed this high due to rising buying pressure.
Notably, Bull Bear Power (BBP) has jumped to the positive region after remaining in the red area since November 1. The BBP shows whether the strength of buyers is greater than that of sellers.
When the reading is negative, bears have the upper hand. Therefore, in this instance, bulls are in control. As such, the altcoin’s value could continue to climb if this remains the same.
Read more: How to Invest in Artificial Intelligence (AI) Cryptocurrencies?
The Money Flow Index (MFI) is another indicator suggesting that the FET recovery could be swift. The MFI, which measures buying and selling pressure by analyzing price and volume data, has shown a positive trend for FET.
A rising MFI indicates increased buying pressure, which supports the likelihood of continued price growth as demand for the asset strengthens. Therefore, if bulls sustain this momentum, then the altcoin’s price might continue to rise.
FET Price Prediction: Token to Breach Resistance
Since the IOMAP indicates that there is only one significant resistance level for FET at $1.28, where 3,590 addresses hold 616.89 million tokens, it suggests that surpassing this level could open up further upside potential.
Notably, the IOMAP tool categorizes addresses by whether they are making a profit, breaking even, or incurring losses at the current price
This accumulation zone acts as a key psychological barrier. The volume of tokens accumulated here is notably higher than the amounts held between $1.06 and $1.25, signaling that if buyers manage to push the price beyond $1.28, FET could gain strong momentum.
Read more: Which Are the Best Altcoins To Invest in November 2024?
Therefore, if buying pressure continues to increase, FET could rally all the way to $1.44. However, if bulls fail to breach the resistance, the altcoin price might pull back, and FET could drop to $1.10.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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