AI Capturing The Cryptocurrency – Do you know that?
Crypto currencies and artificial intelligence are two of the most fascinating technologies available today. As a result, an increasing number of crypto currency initiatives are using AI, resulting in cutting-edge goods with practical uses.
AI crypto currencies are tokens that power AI block chain platforms such as The Graph and SingularityNET. Users spend tokens in order to use the platforms and the benefits of their integrated artificial intelligence. ChatGPT’s influence extends far beyond the debut of fresh AI crypto coins.
The adoption of ChatGPT has sparked a wave of enthusiasm and speculative thinking about the numerous ways artificial intelligence (AI) could revolutionize the trading of crypto currencies. This prompted a massive increase in the popularity of AI crypto tokens in early 2023 and the quest for ChatGPT integrations for crypto currency dealers.
Although there are numerous new cryptocurrencies that employ AI technology, only a few projects stand out in the market in terms of both their usefulness and long-term potential. The AI cryptocurrency trading revolution is just getting started. Some of the prominent ones are AiDoge , Ecoterra , DeeLance , VeChain , Fetch.ai , Love Hate Inu and many more.
In the very near future, crypto currencies centered on artificial intelligence will dominate. There are various latest tools and technologies that are being used for crypto trading, these are Crypto Trading bots, decentralized finance (DeFi) bots, and AI bot marketplaces.
Few Trading CRYPTO TRADING BOTS – CAPTURING THE CRYPTOCURRENCIES
Crypto trading bots are computer programmes that help eliminate human mistake from crypto currency trading. Well-known trading bots like StoicAI and CoinRule trade Bitcoin, Ethereum, and hundreds of other crypto currencies automatically. Crypto bots may buy, sell, and hold digital assets using preprogrammed software. Crypto bots require the user to define parameters that govern how the bot behaves; they are not entirely automatic. There are currently ChatGPT-powered crypto trading bots, ChatGPT-designed crypto investment portfolios, and even ChatGPT-powered crypto market prediction competitions.
DeFi Bots
The elimination of intermediaries from all financial transactions is the aim of DeFi bot. To create a new financial system, it makes use of the power of cryptography, decentralization, and block chains. A system that can more effectively, fairly, openly, and transparently give access to well-known financial services like payments, lending, borrowing, and trading. DeFi makes advantage of the block chain technology used by crypto currencies.
AI bot marketplace
- The place to find these bots will be on open-source code repositories such as GitHub, directly on the sites of major crypto currency exchanges, or on brand-new AI bot marketplaces where it will be easy to “hire” bots to accomplish certain financial tasks.
- A block chain network called SingularityNET (AGIX) enables anybody to create, share, and pay for AI services in crypto.
- Users can browse and purchase AI services on its internal market using AGIX, the platform’s native crypto currency.
Thus, artificial intelligence is becoming a dominant player in crypto currency by allowing users to trade and invest or make risk assessment through its features. This global village has undergone dramatic transformations because of ChatGpt. The hype around AI can be seen as stocks of Nvidia surged close to a $1 trillion market cap in extended trading after it reported a shockingly strong forward outlook.
Nvidia makes graphics processors (GPUs) that power AI applications like those at Google, Microsoft and OpenAI. The GPU is gaining centre stage with the arrival of AI applications that demand a lot of computational power, and Nvidia presently rules the market for AI GPUs. Crypto currency markets are still in their infancy for AI developers to create systems that learn to identify profit opportunities in these young, highly volatile markets. But the room is enough to expand and boom !
