Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
CoinStats introduces AI-driven Exit Strategy feature to maximize crypto profits

CoinStats introduces AI-driven Exit Strategy feature to maximize crypto profits

Crypto SlateCrypto Slate2024/02/02 20:03
By:Oluwapelumi Adejumo

The AI-powered Exit Strategy tool would suggest the optimal selling prices for digital assets held in a portfolio.

Crypto portfolio app CoinStats has unveiled an innovative artificial intelligence (AI)-powered Exit Strategy feature on its platform, empowering traders to optimize their profits effectively, according to a Feb. 2 statement shared with CryptoSlate.

The feature would allow crypto investors to strategically determine the optimal selling price for their cryptocurrency assets within their wallets.

The asset management firm revealed that its premium users can leverage the AI Suggest tool within the Exit Strategy feature to make more nuanced decisions about their crypto portfolios. This tool leverages artificial intelligence to predict the Bull Market Price (BMP) for specific cryptocurrencies, empowering investors with valuable insights for informed decision-making.

“AI-powered analytics are crucial in the volatile and unpredictable field of cryptocurrency, as they provide an additional data-driven approach to securing profits,” the company added.

Exit Strategy tool to be important in upcoming bull market

CoinStats believes the tool would prove useful with the impending crypto bull market catalyzed by the spot Bitcoin exchange-traded funds (ETFs) approval in the U.S.

Several market observers noted that the crypto market would react positively to this development and further predicted that the upcoming BTC halving event would act as another catalyst for the industry.

CoinStats CEO Narek Gevorgyan  revealed that he came up with the feature idea because most people hold a surging digital asset “with no idea when they want to sell.” So, the Exit Strategy feature would help these users “set and stick to a selling plan” that would allow them to profit from market rises.

“The biggest mistake I see people making in crypto is not having a plan, they hold a pumping token with no idea when they want to sell. It’s essential to have exact selling prices for your positions, this gave me the idea for a new CoinStats feature,” Gevoryan said .

CoinStats new users will be prompted to integrate the Exit Strategy feature and establish target prices for selling their assets. Once integrated into their profiles, investors can effortlessly review their target prices through the Exit Strategy view, conveniently accessible alongside the portfolio view.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

UK faces economic stagnation in Q3 as dominant services sector falters

Share link:In this post: According to reports, the UK economy nearly ground to a halt in Q3 as the services sector slowed down. The 0.1% economic growth in Q3 was below the 0.2% growth projected by economists and the previously recorded 0.5% growth in Q2. The data comes less than a month after chancellor Rachel Reeves increased borrowing and taxes in the budget.

Cryptopolitan2024/11/15 18:11

CME Bitcoin Friday Futures experience notable increase in institutional demand

CME’s Bitcoin Friday Futures weekly contracts have seen a significant uptick in institutional interest, reflecting growing demand for exposure to the digital asset market.Since their launch in late September, over 380,000 CME Bitcoin Friday Futures contracts have traded, reaching a daily average volume of 12,400 contracts.

The Block2024/11/15 16:45

Ethereum ETFs record highest weekly trading volume since launch

This past week, Ethereum ETFs recorded over $1.63 billion of trading volume, up over 44% from the previous week.The following is an excerpt from The Block’s Data and Insights newsletter.

The Block2024/11/15 16:45