What You Need To Know About AI Tools For Crypto
AI tools designed for traditional markets are very different from those tailored for crypto trading. Stocks behave differently than cryptocurrencies, so applying algorithms trained on stock market data to crypto markets might lead to poor performance.
Always do your own research. AI tools for crypto analysis aim to automate trading or provide actionable insights, but understanding the crypto market itself cannot be omitted. It’s a volatile, sentiment-driven market, much newer and less predictable than TradFi. AI isn’t foolproof, and we’ll learn its limitations later on in this article.
Tools Like Chatbots And Trading Bots
The type of AI tool you choose depends on…