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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.
Trading digital assets can be a risky choice because of the incredible volatility of the crypto markets where assets can rise or fall by as much as 20%-30% in a single day.
While the last year or so has seen increased mainstream crypto adoption, the latest indication being the US approval of the Bitcoin ETF, another parallel development has been taking place – artificial intelligence (AI) has been evolving at a remarkable pace.
As we have recently seen a growing number of AI trading systems entering the market with varying levels of sophistication and usability, in this article we’ll be looking at the dangers and difficulties of trading cryptocurrencies and how developments in machine learning will be working on mitigating much of the risk associated with it.
The Unique Challenges Associated with Trading Cryptocurrencies
When it comes to the cryptocurrency markets, traders are faced with some very specific challenges that are unique to the digital asset arena.
Obviously, top of the list is the crypto market’s rapid and extreme fluctuations. The sheer unpredictability of Bitcoin, Bonk and Solana price movements make predicting market direction far more difficult than it would be for traditional assets.
Hundreds of fresh altcoins are being introduced all the time, with the potential to have a major impact on the future direction of the blockchain, whether they are the Bitcoin ETF, a new memecoin, stablecoin, governance token, or other utility token. With so many variables impacting prices it is extremely difficult to monitor all the rapid changes on such a dynamic market 24/7, where consistently perfect timing is critical to market success.
How Algorithmic Trading Presents the Solution
The latest generation of AI trading platforms use advanced machine learning (ML) algorithms to analyze large amounts of data, identify emerging trends and then respond rapidly to opportunities across multiple markets.
They can function tirelessly 24 hours a day, 7 days a week, without bias or emotion crunching a huge amount of information from different sources at once. Also, the high frequency trading capabilities of AI-based algorithms enable traders to instantly exploit crypto market fluctuations, within a split second, on a massive volume of assets simultaneously.
In this article we will focus on one of the solutions among the growing number of AI-powered tools available to traders, one platform is trying to provide automated AI trading with an easy to use user interface. Algosone.ai is providing institutional-grade tech to retail traders enabling them to use AI without knowing to code or to trade.
Why AlgosOne Meets the Needs of Crypto Traders
Algosone.ai is new to the crypto trading arena. The recently launched AI-based platform is set apart by its technology. It uses proprietary deep neural networks and cutting-edge natural language processing (NLP) models to reach a higher level of predictive accuracy as they claim so.
1. Consistent Profits
AlgosOne is using its next-generation machine learning capabilities to achieve a high win ratio. Since the platform’s launch in 2023, it has been refining its risk parameters and honing its trading strategies, as it gains experience. Current trade performance data, which can be viewed at any time, in the user’s dashboard, shows that as the AI continues to trade for an account, accumulating fresh data and learning as it goes, over time, it can reach a trade success rate exceeding 80%.
The percentage range that a user can expect to earn is determined by their trading tier, which is based on the size of their deposit.
2. Passive Trading
AI-based trading software can handle many of the manual tasks involved in trading. With most platforms, the AI is capable of monitoring the market and implementing strategies according to preset market triggers. However, AlgosOne offers an almost completely hands-off, passive trading experience.
The user signs up, deposits funds and the algorithm takes it from there.
There is one exception though. For certain trades the user is sent a notification with details of the trade, which includes an APPROVE button. In these instances they just have to click the button to activate the trade and that’s it.
Trained on a huge range of traditional and alternative data sources, AlgosOne is able to process large volumes of streaming data at lighting speed. It monitors multiple financial markets at once, performing complex analysis, building and managing a diverse portfolio. The ML algorithm sets risk parameters, like stops, limits, caps on trade sizes and hedges, as well as creating long and short-term strategies, and executing trades 24/7.
With no programming knowledge or financial experience required AlgosOne makes the crypto markets available to everyone.
3. Affordability
In addition to its user-friendliness, AlgosOne also demonstrates good accessibility with its affordability. Despite offering institutional-caliber technology that can compete with the sophistication of the elite professional grade AI trading systems, AlgosOne does not have tough criteria for eligibility. Minimum deposits can be as low as $300 and there are no signup fees, transactions fees, or deposit fees. Anyone, at any financial level, can leverage AI to grow their savings.
The only fee is a commission, which is just charged on trades that have earned a profit and not on failed positions. Commission fees are used to pay out compensation on losing trades, pay for maintaining the balance in the AlgosOne Reserve Fund, which provides user capital coverage, and pay platform running costs including human support and a risk management team that provides 24/7 market monitoring and oversight of the AI.
The user’s level of profitability is dependent on their trading tier, which also determines the percentage they pay in commissions on winning trades, the percentage they receive in compensation on losing trades as well as the size, number and type of trades executed by AlgosOne for their account each day.
4. Increasing Accuracy
The crypto markets are known for their unpredictability but AlgosOne is able to continuously improve its performance, with next-generation ML algorithms that keep learning from experience. Its predictive accuracy gets better over time, with the expansion of its knowledge base, the growth in users, and each additional trade it executes.
5. Asset Diversification
An AI-powered bot is able to trade a massive volume of trades simultaneously. AlgoOne uses this capability to manage an incredibly diverse portfolio, offsetting the potential losses of trading the hugely volatile crypto markets and opening the door to many more profit opportunities. It manages this by spreading its trading across multiple asset classes, including stocks, forex, indices, bonds and commodities.
6. Regulatory Compliance
While the crypto space is taking huge steps forward in terms of adoption and legitimacy there is still a gap to be bridged in terms of the regulatory protections available to traders. Meanwhile, legislators are also struggling to catch up with the rapid developments in artificial intelligence. As a result, it is tough to find a secure, trustworthy and reliable AI-powered trading algorithm. Here too, AlgosOne offers ease of mind with a fully authorized and regulated platform.
As a licensed entity, AlgosOne adheres to strict rules and regulations including Know Your Customer (KYC) verification protocols, the segregation of user and company capital as well as maintenance of a reserve fund to cover user balances in case of technical, company, or market failures.
AlgosOne is a secure, hi-tech means of generating profits from the Bitcoin, Bitcoin ETF, MYRO, SEI, BONK, LINK, Optimism, Ether, Solana and hundreds of other digital and traditional assets. You can register with AlgosOne completely free via the website or using the app via any Apple or Android device.
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