Read

<p class="is-style-lead">Bitget, a crypto derivatives and copy trading platform, introduced its Martingale AI trading bot, which uses artificial intelligence (AI) to help clients trade cryptos. </p>



<h2 class="wp-block-heading" id="the-bitget-martingale-ai-strategy">The Bitget Martingale AI strategy&nbsp;</h2>



<p>Bitget has recently announced the addition of the Martingale AI strategy to its lineup of trading tools. The Martingale strategy involves increasing investments after downturns to recover losses and make profits.</p>



<p>According to an announcement by the team at Bitget, the Martingale AI feature on Bitget enables traders to automate their investments by setting risk level and investment frequencies based on parameters recommended by the platform’s proprietary AI system. </p>



<p>The parameters are calculated using historical market prices and asset fluctuations.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/bitget-joins-binance-in-obtaining-regulatory-approval-in-poland/" class="cn-block-related-link__link">
            Bitget joins Binance in obtaining regulatory approval in Poland        </a>

    
</div>


<p>The team that created the tool says the Martingale strategy on Bitget is compatible with both bullish and bearish markets, allowing traders to profit from both long and short positions. </p>



<p>Additionally, the strategy offers customizable risk management, empowering traders to adjust various parameters according to their individual trading habits and risk appetites.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/bitget-study-uncovers-millennials-love-affair-with-crypto/" class="cn-block-related-link__link">
            Bitget study uncovers millennials’ love affair with crypto        </a>

    
</div>


<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="What is Martingale Trading Strategy? TradeSanta Explained" width="1020" height="574" src="https://www.youtube.com/embed/1_dhlpui8lo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<h2 class="wp-block-heading" id="ai-and-crypto-trading">AI and crypto trading</h2>



<p>The intersection of crypto and AI has become increasingly prominent in recent times. Erik Voorhees, the founder of ShapeShift, recently shed light on the unique compatibility between cryptocurrencies and AI systems.&nbsp;</p>



<p>Voorhees, a libertarian advocating for amenable regulation in the web3 industry, believes that crypto is the only form of money that artificial intelligence systems can effectively incorporate. He <a href="https://crypto.news/crypto-is-the-only-money-ai-systems-can-control-and-spend-shapeshift-founder/">opines</a> that AI systems have the potential to control and utilize digital assets.</p>



<p>AI-powered algorithms can enhance trading strategies, automate processes, and provide insights into market behavior. Bitget&#8217;s Martingale AI strategy is just one example of how AI is being used in the crypto space. </p>



<h2 class="wp-block-heading" id="ai-tokens-are-popular">AI tokens are popular</h2>



<p>The AI crypto assets market is witnessing growth, with a market cap of $2.66 billion and a 1.1% change in the last 24 hours, according to <a href="https://www.coingecko.com/en/categories/artificial-intelligence" target="_blank" rel="noreferrer noopener">Coingecko</a>. </p>



<p>AI tokens, which power AI-related projects such as portfolio management, image generation, and pathfinding, have also been soaring higher amid general gloomy crypto market conditions.&nbsp;</p>



<p>Tokens like <a href="https://crypto.news/rndr-token-surges-as-render-network-introduces-new-feature/">RNDR</a>, AGIX, and FET have experienced gains of 0.4%, 1.7%, and 0.8%, respectively, in the past 24 hours, showcasing the potential value and demand for AI tokens.. </p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/as-momentum-for-ai-coins-grows-investors-are-considering-these-four-cryptos/" class="cn-block-related-link__link">
            As momentum for AI coins grows, investors are considering these four cryptos        </a>

    
</div>

Bitget creates AI-powered crypto trading tool

Table of Contents

crypto.news

Other articles published on Jun 7, 2023

Binance CEO counters: Changpeng Zhao speaks out on SEC lawsuit

Early Access 0.12 patch notes

Top 3 Polygon Coins for 2023

Solana price prediction, DeFi exchange, Tradecurve, gearing up for a rally

Attack against Binance and CZ: SEC also targets ADA

ARKScan Updates - Navbar, Search, Top Accounts and New Pages

Join our free newsletter for daily crypto updates!