Bitget, unveiled its Martingale AI trading bot, which employs artificial intelligence (AI) to assist users in trading cryptocurrencies.
The Martingale AI method increases investments to recover losses and make profits after a market downturn. Users can automate their trades on Bitget by adjusting the risk level and investment frequency based on recommendations from the platform’s AI system.
Historical asset changes and market prices determine these recommendations. Bitget claims that the Martingale method is profitable in bullish and negative markets, regardless of whether users take long or short positions.
Additionally, the technique offers customizable risk management. Traders can adjust various parameters according to their own trading styles and risk preferences.
AI and cryptocurrency trading
The integration of AI and cryptocurrency trading has become popular. Cryptocurrency pioneer Erik Voorhees has emphasized the compatibility between AI systems and cryptocurrencies.
He believes cryptocurrencies are the ideal form of money for AI systems to use, as they can manage and use digital assets. AI-driven algorithms can enhance trading strategies, streamline processes, and provide insights into market behavior.
Bitget’s Martingale AI technique is an example of how AI is being applied in the cryptocurrency industry. According to Coingecko, the market for AI crypto assets is growing, with a total worth of $2.66 billion and a 1.1% change in value from the previous day.
Despite crypto market negativity, AI tokens linked to portfolio management, image production, and pathfinding projects show substantial price hikes.
Therefore, tokens like RNDR, AGIX, and FET have experienced gains of 0.4%, 1.7%, and 0.8%, in the past 24 hours, indicating a growing demand for AI tokens.
