On October 18, 2021, Trendicator LLC, the developers behind AlgoCryptobot, announced that the trading platform went live. The trading platform is backed by some of the leading voices in crypto and traditional finance. According to the announcement, the visionaries behind the protocol have a collective experience in trading north of $1 billion.
AlgoCryptoBot Mobile Based Platform
AlgoCryptoBot launched as a mobile app. It is a powerful tool designed for automated crypto investing. The app can be downloaded on iOS App Store or Android Google Play Store. This app is powered by tested strategies and algorithms, which were first tried using the company’s own capital. Its goal is to help crypto traders monetize their digital asset returns.
AlgoCryptoBot is designed to be compatible with thousands of crypto coins that already exist on the market. It was formulated and tested to conduct automated trades, balance market volatility, and make profit-optimizing decisions with minimum input from users. It allows users to continue living their lives while the AlgoCryptoBot attempts to maximize profits in the crypto markets. Its parent company is backed by some of the leading veterans in the sector who have managed over $1 billion in crypto assets.
Who Can Use It?
Developers of the AlgoCryptoBot are exploiting an existing niche in the crypto world. To date, only a small percentage of the world is engaged in crypto trading. The process is difficult for most since the terms and technology used in this sector are unfamiliar to them. Due to this difficulty, most people usually give up on crypto trading quite fast. The technical aspect of crypto trading is part of the reason why adoption remains so low today.
AlgoCryptoBot aims to solve this issue by lowering the entry barrier into the crypto sector. Even investors in the mainstream financial markets can at times find it difficult to analyze all the noise generated by the crypto sector. AlgoCryptoBot attempts to simplify this process, catering to investors that have minimum knowledge of how this emerging market operates from a fundamental and technical aspect.
In this relatively new market, transparency is crucial to winning the trust of those that are skeptical. To this end, this platform is committed to being 100% transparent. All customers using AlgoCryptoBot can see all trades being placed by the platform. They are also able to monitor the value of their crypto assets across the markets in real-time.
What the Leadership Team Had to Say
While commenting on the launch, Adm Silverberg, the Media Relations Professional at AlgoCryptobot stated that:
“We recognized that pending time analyzing traditional cryptocurrency investing can be difficult,” he added that “Between understanding the technicals and trying to figure out which cryptocurrency to buy and at what entry price, participating in the market is often a daunting task. AlgoCryptobot simplifies the process through its tools for automatic cryptocurrency investing.”
Summary
While the app is still relatively new, it is a good sign of positive developments taking place in the crypto sector. Apps such as this one that make it easier to trade crypto will no doubt play a role in helping to expand the reach of crypto coins. Despite Bitcoin being over a decade old, the adoption rate in digital assets is still low. Investors are looking for easier ways to enter the market and diversify outside of traditional assets.
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