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Advantages of Using AI for Trading AlgosOne can bring to its Users

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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.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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SEC Moves Toward Solana ETF Approval Amid Pro-Crypto Shift

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The SEC is quietly meeting with several issuers to discuss approving a Solana ETF, claims Fox Business reporter Eleanor Terrett. With Trump’s impending pro-crypto administration, the SEC seems more inclined to approve such a product.

However, anti-crypto figure Gary Gensler is still nominally in charge of the SEC, and public progress might not begin until 2025.

Solana ETF Approval Is Getting Closer

According to a scoop from Fox Business reporter Eleanor Terrett, the SEC and several ETF issuers are in talks to approve a Solana ETF. Currently, Brazil is the only country that has given this product a green light. As recently as September, Polymarket odds gave the SEC a dismal 3% chance of approving it. This reluctance, however, might soon be changing:

“Talks between SEC staff and issuers looking to launch a Solana spot ETF are “progressing” with the SEC now engaging on S-1 applications. Recent engagement from staff, coupled with the incoming pro-crypto administration, is sparking a renewed sense of optimism that a Solana ETF could be approved sometime in 2025,” Terrett claimed.

Terrett was very clear about the impetus for this progress in negotiations: Donald Trump’s re-election. On the campaign trail, Trump vowed to significantly reform US crypto policy, and one cornerstone was firing anti-crypto SEC Chair Gary Gensler. Gensler has apparently conceded to his impending ouster, and his replacement will undoubtedly support the industry.

Previous attempts have floundered at an early step in the process. Once the SEC officially acknowledges an application, it must confirm or deny it within a 240-day window. Previous filings have lingered in limbo at this stage. However, the list of candidates is now growing: Canary Capital filed for a Solana ETF in October, and BitWise did the same earlier today.

Timeline of Solana ETF Applications, with Previous Frozen Attempts
Timeline of Solana ETF Applications, with Previous Frozen Attempts. Source: Eric Balchunas

Nonetheless, these positive negotiations still only consist of anonymous rumors. The Commission has not publicly moved to begin this process, and Gensler is still nominally in charge. Terrett posits that the SEC will only make serious progress on the Solana ETF at the start of 2025. Compared to previous pessimism, however, this is a complete sea change.

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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ETH/BTC Ratio Plummets to 42-Month Low Amid Bitcoin Surge

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The ETH/BTC ratio, a metric measuring Ethereum’s price performance compared to Bitcoin, has reached its lowest point since March 2021. This development comes amid BTC’s brief rise to $98,000.

While the flagship cryptocurrency has increased by 7.45% in the last seven days, ETH has hovered around the same region, with investors raising concerns about the altcoin’s future.

Ethereum Continues to Lag Behind Bitcoin

In February, the ETH/BTC ratio climbed to a yearly high of 0.060. During that time, speculation spread that Ethereum’s price would begin to outperform Bitcoin and validate the altcoin season. However, that has not happened, as Bitcoin’s price has continued to make new highs

Ethereum, on the other hand, is yet to retest to reclaim its all-time high despite reaching $4,000 earlier in the year. This disparity in performance could be linked to several factors. For instance, both cryptocurrencies saw approval for exchange-traded funds (ETFs) this year.

However, while Bitcoin has seen billions of dollars in inflows, ETH has been inconsistent in attracting capital. Hence, the institutional inflow has driven BTC toward $100,000, ensuring that the ETH/BTC ratio drops to $0.033 — the lowest level in 42 months.

ETH/BTC performance
ETH/BTC Ratio. Source: TradingView

Further, the disparity in Ethereum’s performance can largely be attributed to sustained selling pressure. For instance, CryptoQuant data reveals that exchange inflows into the top 10 exchanges have climbed to 461,901 ETH, valued at approximately $1.50 billion as of this writing.

This surge in exchange inflow reflects large deposits by investors, indicating a heightened willingness to sell. Such movements typically increase the supply of ETH on exchanges, raising the likelihood of a price drop.

In contrast, a low exchange inflow generally indicates that investors are holding onto their assets, which is not the current scenario for ETH.

Ethereum Exchange Inflow
Ethereum Exchange Inflow. Source: CryptoQuant

ETH Price Prediction: Crypto Could Retrace

As of this writing, ETH trades at $3,317, which is a higher close than yesterday’s. Despite that, the altcoin is still below the Parabolic Stop And Reverse (SAR) indicator. The Parabolic SAR generates a series of dots that track the price movement, positioning above the price during a downtrend and below the price during an uptrend. 

A “flip” in the dots — shifting from one side to the other — often signals a potential trend reversal. As seen below, the indicator is above ETH’s price, suggesting that the cryptocurrency could reverse its recent gains.

Ethereum price analysis
Ethereum Daily Analysis. Source: TradingView

If this is the case and the ETH/BTC ratio declines, Ethereum’s price could decline to $3,083. However, if buying pressure increases, that might not happen. Instead, the value could surge above $3,500 and toward 4,000.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Cash (BCH) Price Up, Leads Daily Gains

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Bitcoin Cash (BCH) price has risen more than 10% in the last 24 hours, surpassing the $10 billion market cap and signaling renewed bullish momentum. The recent surge has brought BCH closer to key resistance levels, indicating the potential for further gains if the uptrend strengthens.

However, indicators like the RSI and ADX show that while the trend is improving, it is not yet fully strong. Whether BCH can sustain its upward momentum or face a pullback will depend on how it navigates critical resistance and support levels in the coming days.

BCH Current Uptrend Is Getting Stronger

BCH currently has an ADX of 19.31, up from 12 just a day ago. This increase indicates that the strength of the trend is gradually gaining momentum after being weak.

However, since the ADX is still below 25, it suggests that the uptrend has not yet reached a strong or sustained level of trend strength.

BCH ADX.
BCH ADX. Source: TradingView

The ADX measures the strength of a trend, with values above 25 indicating a strong trend and below 20 indicating a weak or uncertain trend. While Bitcoin Cash is currently in an uptrend, the ADX at 19.31 suggests that the trend is still in its early stages of strengthening.

If the ADX continues to rise above 25, it could confirm a stronger uptrend, but for now, Bitcoin Cash price movement remains cautious, with room for further development.

Bitcoin Cash Is Not In The Overbought Zone Anymore

Bitcoin Cash has an RSI of 64.5, down from over 70 just a day ago. This decline suggests that while the asset is still experiencing bullish momentum, the intensity of buying pressure has started to decrease.

The drop below 70 takes BCH out of the overbought zone, indicating a more balanced market sentiment.

BCH RSI.
BCH RSI. Source: TradingView

The RSI measures the speed and magnitude of price changes, with values above 70 indicating overbought conditions and below 30 signaling oversold levels. At 64.5, BCH remains in bullish territory, which supports the ongoing uptrend.

However, the slight decline in RSI could mean the pace of gains is moderating, potentially leading to BCH price consolidation before any further upward movement.

BCH Price Prediction: Will a New Surge Occur Soon?

If BCH maintains its current uptrend and gains additional momentum, it could continue its rise after climbing more than 10% in the last 24 hours.

BCH Price Analysis.
BCH Price Analysis. Source: TradingView

This strength could push BCH price to test the resistance at $536.9. Breaking this level would signal a continuation of bullish momentum and could attract further buying interest.

On the other hand, if the uptrend fades away and reverses, BCH price could retrace to test the nearest support levels at $424 and $403. If these supports fail to hold, the price could fall further to $364, representing a potential 27% correction.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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