As more investors join the blockchain space, the impact of AI becomes increasingly significant to crypto trading. By developing fast, effective and impartial AI systems, cryptocurrency traders have avoided slippage and increased their profits while seeing considerably low losses.
The crypto stock market doesn’t need as much empirical data as traditional stock markets. Algorithmic trading has a major advantage, it does not take into account human bias instead its reactions are based solely on patterns, trends, dimensions, and signals. Making AI and crypto the perfect combination.
Definitely one area in which AI can be a game-changer is in High-Frequency Trading (HFT) which has become increasingly popular in the crypto sphere. AI can also manage Bitcoin farms, by programming and managing robots to plugin, service, and configure ASIC miners. Lastly, AI can drive results through real-time Natural Language Processing (NLP) which can analyze the overall market sentiment about a given cryptocurrency and determine the best buys.