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


It has been a difficult few months for the crypto market, with Bitcoin recording consecutive losses for an unprecedented number of weeks.

And the decentralized autonomous organization behind an AI-powered DeFi cryptocurrency portfolio says the current recession illustrates why marketers need cutting-edge tools to stay ahead of the game.

SingularityDAO’s flagship product, DynaSets, has undergone closed beta testing between December and March, and testing is now continuing in an open environment.

At the end of June, the V1 will be officially launched, and will be complemented by a revision of its user interface, which offers DynaSets customers an intuitive experience that combines with a vibrant brand.

Although only a long-term trading strategy was used during the beta phase, the team will launch options to reduce the market and apply leverage to operations in the launch of the V1.

After the beta closed, all three DynaSets outperformed the market by more than 15%, surpassing many of the major cryptocurrency funds. Although the current open beta is not yet complete, the figures are bolstering Dynasets’ effectiveness and ability to protect holdings during bearish markets.

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

“This should be available to everyone, not just those who can afford and access business-level business tools. The results of DynaSets are very encouraging and show us that we are on the right track, especially in light of the release of our advanced V1. platform “.

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

How does it work?

SingularityDAO says its dynamic asset manager is driven by artificial intelligence: it monitors market trends and manages assets. DynaSet transactions come together to ensure that users end up spending less on transaction fees.

Other features include staking, not to mention an unattached staking program which means users can remove their tokens at any time. While the latter feature may not offer the greatest rewards, it may offer much needed peace of mind and flexibility given the turbulence we are seeing in the market right now.

Elsewhere, SingularityDAO’s Launchpad shows only the best new products, from its own ecosystem, as well as interesting external concepts.

More information on singularitydao here

Becoming a chain agnostic

Over time, SingularityDAO says it has the ambition to become a chain agnostic, giving users the freedom to connect with any chain they want. This is a much needed boost when it comes to interoperability and removal of silos that have emerged in the blockchain world.

Looking to the future, a DeFi panel will ensure that users can benefit from “advanced information” about their wallets, separating the signal from the noise and discovering trends that other data platforms may have lost. Knowledge is power, and bear markets are discovering new challenges for investors competing to protect their capital.

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

A DynaSet on the BNB is scheduled to launch in late June, and as we move into the third quarter of this year, an automated DynaSet with artificial intelligence should be launched for the first time, which will automatically rebalance tokens using commercial bots as they ensures that human traders are informed at all times. DynaSets will also make its debut in EVM-compatible blockchains like Avalanche.

Exemption from liability. Cointelegraph does not endorse any content or product on this page. Although our goal is to provide you with all the important information we can obtain, readers should do their own research before taking any action related to the business and take full responsibility for their decisions, nor can this article be considered investment advice.



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