DeFi

How is AI revolutionizing DeFi trading?

Published

7 months ago

22 June, 2024

The emergence of AI and DeFi technologies has, over the years, transformed the status quo in the financial field. As two of the most disruptive technologies of this century, DeFi and AI are powering the future of the financial landscape, unlocking numerous opportunities while ensuring transparency and decentralization. In this article, readers will learn more about AI and DeFi trading and how the former impacts the latter.

What is DeFi?

Fully known as Decentralized Finance, DeFi leverages the powers of blockchain to eliminate third parties and centralized companies from financial transactions. By removing middlemen, it streamlines the processes of executing financial transactions.

At the heart of DeFi are smart contracts, ensuring open, permissionless access to financial services. While traditional finance relies on intermediaries, such as banks, exchanges and lending institutions to facilitate transactions, DeFi leverages the decentralized nature of blockchain to ensure a transparent and fiat financial system.

Meanwhile, one of the core aspects of DeFi is Peer-to-Peer (P2P). It involves the agreement of two parties to exchange cryptocurrencies or other assets without the involvement of intermediaries. That said, much like other blockchain-powered industries, DeFi has seen massive investment from users in recent years.

With a market capitalization of over $105 billion at press time, the DeFi crypto market is causing waves across the broader financial landscape. Many users are adopting DeFi projects to engage in various forms of crypto trading and maximize their investments.

What is AI?

Known as artificial intelligence, AI refers to the simulation of human intelligence processes and capabilities by computer systems. AI technology is capable of performing complex tasks or solving problems that only humans can solve. Essentially, AI combines machine learning, the Internet of Things, and neural networks to collect and analyze a large amount of data.

Today, AI has become one of the most talked about innovations in the digital space. Experts believe that this niche has the potential to transform the realities of many sectors. So it’s no surprise that many projects popping up incorporate AI.

That said, AI has started to gain traction following the rise of OpenAI’s ChatGPT, generative AI, and other notable machine learning technologies. There are currently dozens of AI-powered crypto projects on the market. They include eTukTuk, WienerAI, Fetch, SingularityNET and many others. These projects have built particular use cases around AI. WienerAI, for example, harnesses the powers of AI to provide an automated trading bot.

Influence of AI in DeFi trading

AI has become an effective way to improve DeFi trading, thanks to its ability to analyze large amounts of data, spot patterns, and predict market trends. With the emergence of AI-based trading robots like WienerAI, traders can now easily spot high-potential opportunities in the market. These bots merge the capabilities of AI and blockchain to give users an edge over other traders.

From real-time market insights to trading strategies and suggestions, AI-powered bots provide everything traders need to thrive in a volatile market. Essentially, AI-based bots make automated trading possible, allowing everyone to maximize their investments.

It is possible for traders to establish certain trading rules which will be implemented automatically. For example, traders can set both entry and exit points which, once scheduled, will be executed. Beginners who are still finding their feet in the market can even get into copy trading, which involves replicating the strategies of successful traders in the market.

Another major use case for AI in DeFi is fraud detection and security. Over the years, DeFi trading solutions have adopted AI algorithms to detect vulnerabilities and strengthen security measures. This aspect of AI contributes to the security of users and their data on DeFi platforms, improving their overall experience.

Conclusion

AI plays an important role in ensuring an efficient DeFi trading experience. While helping users analyze market trends so they can make informed decisions, it also helps DeFi platforms quickly detect any signs of vulnerability. As such, there is no doubt that the emergence of AI has redefined trading in the DeFi space.

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CoinFlix Staff

We are the editorial team of CoinFlix, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on CoinFlix, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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