AI is reshaping the landscape of crypto trading, offering potential to earn more money

From NASDAQ Stock Market: 2024-06-18 15:00:38

The rise of artificial intelligence (AI) is transforming various aspects of our lives, including work and learning. Can AI also help increase profits from cryptocurrencies? AI is believed to reshape the crypto trading landscape and offers potential to earn more money through various strategies like using AI-powered crypto trading platforms.

Investing in AI-based cryptocurrencies is gaining popularity as both AI and crypto markets grow. Tokens powering AI-related projects have reached $28.4 billion. AI-based cryptocurrencies like Fetch.AI, SingularityNET, and Ocean Protocol are merging to form ASI, offering potential investment opportunities for enthusiasts and investors.

The current memecoin craze has led to an overwhelming number of coins being produced, making evaluation challenging. New AI tools like Rug.AI help assess token legitimacy quickly. Platforms like Dither analyze meme coins to identify potential winners but caution that meme coins are speculative, and the risks involved should be understood.

Using AI for crypto mining and trading can be lucrative, with networks like Taoshi offering AI-based predictive modeling for forecasting Bitcoin price movements. Miners can earn $TAO tokens by contributing AI models through Taoshi. This technology provides an opportunity to earn more from crypto while advancing decentralized AI applications.

ChatGPT is another tool for seeking crypto investing advice or building a custom crypto trading bot. It can offer general investment tips and guidance for newcomers. Advanced investors can use ChatGPT for coding their own trading bot. However, ChatGPT does not provide personalized investment advice but can offer valuable insights for getting started in crypto investing.

Read more at Nasdaq: 5 Ways To Use AI To Make More Money Off Crypto