Bol Crypto
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Bol Crypto
No Result
View All Result
Home Bitcoin

AI is taking crypto trading to a whole new level. This is how

Emma Ross by Emma Ross
February 7, 2023
in Bitcoin
0
AI is taking crypto trading to a whole new level. This is how
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Volumes on crypto funding merchandise drop to 2-year low: CoinShares

Volumes on crypto funding merchandise drop to 2-year low: CoinShares

February 7, 2023
World Bitcoin funds market projected to achieve $3.7B by 2031: Analysis

World Bitcoin funds market projected to achieve $3.7B by 2031: Analysis

February 7, 2023

It’s been a difficult few months for the crypto market — with Bitcoin posting consecutive losses for an unprecedented number of weeks.

And the decentralized autonomous organization behind an AI-powered DeFi crypto portfolio says the current downturn illustrates why traders need cutting-edge tools in order to stay ahead of the game.

SingularityDAO’s flagship product, DynaSets, underwent closed beta testing between December and March — and now, testing is continuing to take place in an open environment.

Toward the end of June, V1 will officially launch, and it’ll be complemented by an overhaul of its user interface — giving DynaSets customers an intuitive experience that’s matched by vibrant branding.

While a long-only trading strategy has been used during the beta phase, the team will be rolling out options for shorting the market and applying leverage to trades in the launch of V1.

Following the close of the beta, all three DynaSets beat the market by over 15%, outperforming many of the leading crypto funds. Although the current open beta has yet to conclude, the figures are reinforcing the efficacy of Dynasets and their ability to protect holdings during bear markets.

SingularityDAO’s CEO, Marcello Mari, told Cointelegraph: “Current market conditions clearly demonstrate the need for AI-powered decentralized asset management solutions to support decision-making.

“This should be available to everyone, not only those that are able to afford and access enterprise-level trading tools. DynaSets results are extremely encouraging and show us that we are on the right path, especially in view of the release of our advanced V1 platform.”

The issue of access is an important one, especially in the world of digital assets, which is designed to be a level playing field where everyday investors have the same opportunities as those with millions of dollars in the bank.

How does it work?

SingularityDAO says its dynamic asset manager is powered by artificial intelligence — monitoring trends in the market and managing assets. DynaSet transactions are batched together to ensure users end up spending less on transaction fees.

Other features include staking, not to mention an unbonded staking program that means users can withdraw their tokens at any time. Although this latter feature may not offer the biggest rewards, it can offer peace of time and much-needed flexibility given the turbulence we’re seeing in the market right now.

Elsewhere, SingularityDAO’s Launchpad showcases only the best new products — from within its very own ecosystem as well as interesting external concepts too.

More insights from singularitydao here

Becoming chain agnostic

Over time, SingularityDAO says it has an ambition to become chain agnostic — giving users the freedom to bridge to any chain they please. This is a much-needed boost when it comes to interoperability, and eliminating the silos that have emerged in the blockchain world.

Looking ahead, a DeFi dashboard will ensure that users can benefit from “advanced insights” into their portfolios — separating the signal from the noise and uncovering trends that other data platforms may have missed. Knowledge is power, and bear markets unearth new challenges for investors vying to protect their capital.

In May 2022, SingularityNET and SingularityDAO secured a $24 million commitment with LDA Capital Limited as it moves to accelerate its product roadmap and ensure AI tools are more widely adopted. An announcement cited figures that suggest the global AI software market is set to reach $126 billion by 2025.

A DynaSet on BNB Chain is scheduled to launch by the end of June — and as we head into the third quarter of this year, an AI-automated DynaSet is due to launch for the first time, rebalancing between tokens automatically using trading bots while ensuring that human traders are kept in the loop at all times. DynaSets are also going to make their debut on EVM-compatible blockchains such as Avalanche.

Disclaimer. bolcrypto does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

Share76Tweet47

Related Posts

Volumes on crypto funding merchandise drop to 2-year low: CoinShares

Volumes on crypto funding merchandise drop to 2-year low: CoinShares

by Shawn Legend
February 7, 2023
0

On Oct 24, European cryptocurrency funding agency CoinShares revealed its “Digital Asset Fund Flows Report,” which revealed that digital asset...

World Bitcoin funds market projected to achieve $3.7B by 2031: Analysis

World Bitcoin funds market projected to achieve $3.7B by 2031: Analysis

by Shawn Legend
February 7, 2023
0

The worldwide Bitcoin (BTC) funds market will attain $3.7 billion by 2031, registering a compound annual development charge (CAGR) of...

HK and Singapore’s mega-rich are eyeing crypto investments: KPMG

HK and Singapore’s mega-rich are eyeing crypto investments: KPMG

by Shawn Legend
February 7, 2023
0

Hong Kong and Singapore’s rich elite seem like digital belongings with fervor after a brand new report from KPMG suggesting...

Analyst places Bitcoin worth at $30K subsequent month with breakout due

Analyst places Bitcoin worth at $30K subsequent month with breakout due

by Shawn Legend
February 7, 2023
0

Bitcoin (BTC) “will get away considerably” within the subsequent month, with an upside goal of $30,000.That was the newest prediction...

How you can do cellular cryptocurrency mining?

How you can do cellular cryptocurrency mining?

by Shawn Legend
February 7, 2023
0

Cryptocurrencies like Bitcoin (BTC) are created utilizing a distributed computing course of known as mining. Miners (the community contributors) undertake...

Load More

Bol Crypto




We bring you the latest crypto news and updates.





Categories tes

  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • Market

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories

Newsletter

[mc4wp_form]

  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2022 by Bol Crypto.