The marriage of AI and crypto has created many opportunities and challenges, including improved trading and investment strategies, improved security and fraud detection, predictive analytics and market forecasting.
Crypto AI tools are becoming increasingly important for traders, investors and blockchain developers to navigate the complexities of this dynamic industry.
But what are some of the top AI-based crypto tools you can use?
1. Nansen
Nansen is a blockchain analytics platform that provides investors with insights into blockchain data by enriching raw blockchain data with millions of wallet tags that help users identify patterns and trends in the market.
Nansen assigns wallet tags and categorizes them into different types such as whales, exchanges and developers to enable users to identify buyers, sellers and potential investment opportunities. Nansen also tracks the activities of “smart money” investors, such as large institutions and successful funds, allowing users to discover investment prospects before they gain mainstream attention.
Additionally, Nansen provides fundamental analysis tools that assess token value based on factors such as token supply, tokenomics, and developer activity. Nansen offers NFT analytics, including data on NFT sales, floor prices and rarity, to empower users to identify undervalued NFTs and make informed investment decisions.
Overall, Nansen is a powerful tool for beginners and experienced traders to improve their trading experience and performance. By providing AI-powered market intelligence, transaction analytics, social network data and AI-driven insights, Nansen enables traders and investors to make informed decisions in the dynamic world of cryptocurrencies.
2. Binance Bicasso
Binance Bicasso is an AI-powered NFT generator that allows users to create custom images that they can create into NFTs on Binance’s BNB chain.
Binance launched Bicasso on March 29, 2023, and it was available to all users until it was temporarily shut down due to demand. You can join a waiting list to use the tool.
To use Binance Bicasso, you need to create a Binance account to create NFTs by providing text or an image. For example, you can upload a profile photo to the system and provide a series of creative prompts, and the AI image generator will create a new piece of digital art.
Bicasso is powered by a deep learning algorithm trained on a massive dataset of images, which allows the generator to create new, original images similar to those in the dataset.
Once you are happy with the creation, you can create it as an NFT. Your first Bicasso NFT coin is free, after which you have to pay a small fee in BNB tokens, but you can trade the NFTs on the Binance NFT market. Note that you can also pay a gas fee to transfer the Bicasso NFT to another wallet.
3. CoinScreener
CoinScreener is a web-based platform that provides real-time data on cryptocurrency prices, market capitalization, trading volume and other essential metrics. CoinScreener is designed to help traders and investors make informed decisions by providing accurate and up-to-date information about the cryptocurrency market.
CoinScreener offers a range of features that make it an indispensable tool, including real-time data, customizable, technical and news analysis.
CoinScreener’s AI-powered algorithms provide traders with a competitive advantage by analyzing large amounts of data and identifying patterns invisible to the human eye. You can use CoinScreener’s AI algorithms to develop trading strategies based on historical data and market trends, automate your trades and reduce the risk of human error.
4. Co-government
Coinrule is a cutting-edge trading platform that allows users to automate their crypto investments. It uses AI to enable users to set up personalized trading rules and strategies.
The unique selling proposition lies in the fusion of simplicity and sophistication. Coinrule makes crypto trading accessible to non-tech-savvy users, but also offers advanced features for experienced traders. The user-friendly interface, intuitive rule creation and management, and extensive customization options stand out. The platform analyzes market trends and executes trades based on user-defined rules, enabling traders to capitalize on opportunities 24/7.
Coinrule supports centralized and decentralized exchanges, including Binance, Coinbase, OKX, Bitpanda, Kraken, Kucoin and Uniswap.
You can use Coinrule’s AI capabilities to test your strategies against historical price data, which can help you gain confidence in their effectiveness. Furthermore, Coinrule offers 50 predefined strategies on popular toolkits. These toolkits enable users to optimize their trading activities in the crypto market.
5. Kryll.io
Kryll.io is a crypto trading platform that uses AI to automate trading strategies. With its intuitive interface and wide range of features, Kryll.io can help improve your crypto trading game.
Kryll.io boasts a plethora of features that set it apart from its competitors. Its strategy editor, powered by WYSIWYT (What You See Is What You Trade) technology, allows users to design trading strategies using a simple drag-and-drop interface.
Kryll.io offers backtesting capabilities, allowing users to test their strategies against historical market data. Backtesting allows traders to refine their strategies before risking money.
Kryll.io’s AI-driven automation frees up time, allowing traders to focus on strategy development. Furthermore, Kryll supports popular exchanges including Binance, Coinbase, KuCoin, Kraken, Crypto.com, Binance US and HiBTC.
You can use Kryll.io’s AI functionality to automate trading strategies, identify trading opportunities, optimize trading performance, reduce risk and stay on top of the market.
AI and Crypto are a good marriage
AI has played a role in crypto for a while, with market analysis and insights tools that use artificial intelligence to get a leg up on the competition. But there is room for growth in other areas such as AI-powered governance, wallet security, fraud detection and consensus mechanisms. It won’t be long before more AI powered crypto tools hit the market!
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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