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As we approach the end of 2024, this year has seen some ups and downs, including the Bitcoin halving event (signaling the beginning of a bull market), Bitcoin and Ethereum ETFs, and Ethereum's Dencun upgrade (a major layer 2) to improve efficiency, scalability, and security.
However, things have not been smooth sailing when it comes to crypto trading, and traders have had to deal with the effects of a more complex and saturated crypto market. This includes volatility levels reaching all-time highs, trading fees rising and liquidity becoming thinly spread across exchanges. The good news is that the rise of artificial intelligence (AI) has enabled crypto traders and developers to create powerful AI agents that give them a competitive edge.
Among them is Monitok's hybrid crypto exchange with an AI trading assistant that goes beyond mere automation to include predictive analytics, personalized trade recommendations, and real-time risk management, to name a few features. Provide.
Challenges facing modern crypto traders
As the crypto market becomes increasingly saturated and unpredictable, traders are facing many new challenges that can become overwhelming without the right support and solutions.
Let's take a look at some of the most common challenges facing crypto traders today.
1) Overwhelming amount of new tokens
With thousands of crypto tokens being issued on multiple blockchain networks, crypto traders face an increasingly difficult challenge of finding value in a flood of new assets. This oversaturation often leads to confusion and missed opportunities as traders struggle to evaluate new projects (due to lack of time), and also increases the risk of ending up with illiquid or underperforming assets. I will.
2) Increased volatility
Volatility is often one of the reasons why crypto swing traders are able to make impressive profits, but it is also one of the most dangerous aspects of trading. This is because market conditions can change in seconds and many traders are often unprepared or unable to react to sudden price changes in a quick and informed manner.
3) Fragmentation of liquidity
Another common complaint among crypto traders is increased liquidity fragmentation. Because liquidity is often spread thinly across different exchanges and platforms, trading conditions often suffer, leading to slippage, delays, and poor pricing. This not only reduces efficiency, but also creates additional hurdles for those looking to execute large trades or take advantage of quick market changes.
4) High transaction fees + network congestion
Rising transaction fees and network congestion continue to be persistent issues in the cryptocurrency space. During busy periods, network slowdowns can cost traders valuable time and money, and high gas prices can erode profits. Therefore, if not managed effectively, these issues can become costly. And even for the most seasoned traders.
5) AI-driven competition
As AI crypto bots become more ubiquitous and easily available, a gulf is starting to emerge between those who use them and those who don't. AI trading bots often outperform manual data collection and analysis by most crypto traders and also provide a superior assessment of the performance of crypto assets. AI accomplishes this by allowing you to correctly collect, track, and interpret the “right” data so you can predict how macro events will impact the market and know when to take advantage. Helping traders manage their emotions and desires. This gives those who adopt AI a clear advantage.
AI Technology in Modern Cryptocurrency Trading
Considering the challenges mentioned above, it is no surprise that more and more developers are looking to leverage AI to power cryptocurrency trading.
Below are some examples of how AI is revolutionizing crypto trading.
What kind of revolution is AI bringing to virtual currency trading?
First, AI has the ability to detect patterns in large datasets, providing traders with insights they would otherwise miss. More specifically, AI-powered tools can identify correlations between market events, price movements, and trading volumes that are nearly impossible for humans to discern. This allows traders to refine their strategies with next level precision.
Another very impressive (and useful) feature of AI in cryptocurrency trading is its ability to process vast amounts of quantitative data in real time. So instead of spending years manually analyzing order books, technical indicators, and market sentiment, traders can do this much faster and more efficiently using AI. This allows traders to react quickly to market changes during periods of high volatility.
AI-powered bots also have the ability to automate the trading process in a way that greatly increases efficiency. Trades can be executed faster than ever before experienced by humans, allowing traders to act on opportunities the moment they arise.
But perhaps the most attractive utilities are AI predictive models that attempt to predict price movements by analyzing historical data and current trends, sometimes producing surprisingly accurate predictions. Although not foolproof, these AI models can be very helpful in managing risk and assessing potential market changes.
How Monitok's AI assistant simplifies decision-making
To bring even more value to users, Monitok’s innovative hybrid crypto exchange incorporates a cutting-edge AI assistant that helps simplify (and enhance) the decision-making process based on user profiles and market trends. will appear.
Below are some of the key features of the new AI assistant and how each one brings value to Monitok users.
Predictive analytics for trading
Monitok's AI assistant includes predictive analytics, processing real-time data and historical trends to help traders identify patterns and more accurately predict market movements. This is a process that typically takes many hours to do manually.
Personalized AI trading recommendations
Rather than being a one-size-fits-all solution, Monitok's AI assistant provides personalized trading recommendations by analyzing your trading habits, risk tolerance, and market conditions. It is designed to optimize profits while saving users time.
Automatic trading selection
To further simplify the trading process, Monitok's AI assistant automates trade selection and executes trades at the most opportune moment. This reduces the burden on traders to constantly monitor the market and respond to sudden price changes.
Measuring social emotions
By collecting on-chain data and scraping data from crypto social media and news outlets, the AI assistant provides data through LLM to provide aggregate social sentiment regarding various markets, tokens, and projects. Masu.
Real-time risk management
Last but not least, Monitok's AI assistant provides real-time risk management. This means continuously monitoring market conditions and adjusting strategies to mitigate potential losses. This feature is especially useful during market downturns.
Why Monitok users are excited
There are several AI trading bots in the cryptocurrency industry, but most of them fail to address the full range of challenges faced by traders. However, Monitok has an AI trading assistant (scheduled for release in Q3 2025) and an innovative hybrid exchange that has already solved key issues such as lack of security, complex user experience, and fragmentation. We plan to provide even more comprehensive content. Liquidity.
The future addition of the AI Assistant is therefore very exciting, as the delivery of features such as personalized trade recommendations, predictive analytics, and automatic trade selection will work in perfect harmony with Monitok's hybrid infrastructure. Give traders more control, precision and speed. It's a match made in heaven, so to speak.
It is important to note that staking $MONY unlocks various AI features and allows users to customize their own apps. For this reason, Monitok's ongoing $MONY airdrop rain season and upcoming token launches offer users a great opportunity to accumulate enough $MONY to start experimenting with the platform's AI.
In the meantime, the Monitok team continues to work hard on the platform's AI capabilities, and we encourage all interested users to follow the project on our Twitter page to stay up to date with developments.
