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Cryptocurrency trading is an expanding market that’s becoming impossible to track. With every week that goes by, a new altcoin finds its place on the Blockchain. Keeping up the variety is becoming increasingly more challenge for both newcomers and experienced crypto traders.
A viable solution could be a bridge built between Blockchain and the chatbot industry. There’s no secret that chatbots are everywhere in the digital realm. Platforms like Facebook Messenger, WeChat, Slack and WhatsApp, have been providing businesses a unique opportunity to reach their audience on a more personal level.
In many industries, chatbots are now a necessity. The evolution of Blockchain technology had led to the creation of thousands of altcoins. Throughout 2017, crypto traders have been boosting altcoin rates and volume to staggering amounts. Who would have thought that Ripple would reach an all-time-high this December, trading at a historic rate of $1 (going up 400 percent in two weeks)? Because there’s no way of knowing what happens in the altcoin scenario, or when it happens, has triggered a need to develop a bot on the Blockchain.
Bot alert!
In spite of increasing in value, Bitcoin has already started losing its share in overall market capitalization. Market caps of several altcoins with potential is worth hundreds of millions of dollars. Being one step ahead of other traders, factoring all events and trends that shape the altcoin market is challenging.
A bot that pings users every time a spike occurs, or a new altcoin generating buzz emerges, could help solve some of the concerns. Trading cryptocurrency has become a contact sport. You can’t play it from the sidelines. If you want to win – or at least, get the opportunity – you have to get on the field.
Good tradings are done by recognizing market trends ahead of time. Newcomers to the crypto world are skeptical to invest in altcoins they’ve never heard of. But if they were to be kept in the loop, chances are they would be more willing to trade.
To buy or not to buy altcoins?
To buy or not to buy altcoins? That is the question. In the crypto world, the problem is not just about “what altcoin to buy,” but also about “when to buy.” CryptoPing is the know-it-all assistant bot that pings crypto market changes and advises traders when it might be a good time to invest.
With over 80,000 traders currently using the app, CryptoPing manages signals from the most important exchanges via its own Telegram bot. 21k+ signals about altcoins, unusual market actions and crypto assets were already generated by the bot. With an already tested and verified algorithm in place, the company aims to build a social trading platform targeted at both new and experienced crypto traders.
CryptoPing’s plan for the future is to release a standalone app similar to messenger apps, but for receiving bot signals. The app will be integrated into the current system, to allow CryptoPing engineers to develop an automatic trading functionality less prone to hacking than existing server-based trading apps.
Some of the bot’s most recent features include additional filtered data, such as individual account historic recap, asset price/volume percentage increase, activity personalization by exchange, and numerous asset-specific insights: market cap, whitelist/blacklist, ICO or no-ICO. Throughout 2017, CryptoPing’s price performance of assets based on its signaling increased by 2.5% > 100%+ within 24 hours, and by 7.1% > 100%+ within a week.
The future of altcoins might be in the hands a bot. With the right amount of information and the right technology, a virtual assistant powered by Blockchain technology could reshape the way altcoins with potential are perceived and traded.
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source https://cryptocurrencyonline.co/the-bot-in-the-blockchain/
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