Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
SuperBots
Navigating the Risks of Algorithmic Trading: How UpBots.com and SuperBots Finance Are Pioneering Next-Generation Solutions
The rise of algorithmic trading has transformed the financial landscape, yet it comes with significant risks that can deter potential investors. Concerns about technological glitches, data inaccuracies, and regulatory compliance create a climate of distrust. These risks can lead to substantial financial losses due to the speed at which most algorithmic trading takes place. The infamous example of Knight Capital, which lost $440 million in a 45-minute period due to a faulty algorithm. This makes it crucial for traders to…
9 months ago
3 Ways DeFi Can Recover After Alameda and FTX Bankruptcy Shock
In early November, Alameda Research became insolvent. FTX tried to bail it out but faced a liquidity crisis that shortly led to its bankruptcy and marked the start of a cataclysmic meltdown in the cryptocurrency market. Here’s a brief aftermath of it in numbers: $223 billion was lost in the market cap for the entire crypto market in less than 5 hours. $15 billion was lost in total value locked (TVL) in DeFi protocols. $4,700 drop in value for Bitcoin in a…
3 years ago
SuperBots – A Case for Imminent Decentralization amid Recent CEX Failures
Crypto trading took the back seat in the digital economy in 2023, with the market remaining under bear control for most of the year. Furthermore, traders have seen their faith rocked by the consecutive failures of centralized exchanges. These intermediary marketplaces have been the powerhouse of the industry since its humble beginnings. Unfortunately, they seem to crumble under mounting allegations of scams, lawsuits, and solvency concerns. Meanwhile, they make a convincing case for the imminent decentralization of crypto trading. FTX…
3 years ago
SuperBots Trading in DEX – The Future of DeFi Trading is Here
Trading in decentralized finance is evolving rapidly and empowering people worldwide to access new forms of income. Spearheading this revolution are platforms like SuperBots, a BSC-based protocol enabling users to deposit their capital in vaults for secure and efficient trades on decentralized markets. SuperBots accelerates the mainstream adoption of DeFi trading through high-performance bots that automatically trade for their owners. This way, users can achieve profitable trades, regardless of their experience or skill. Furthermore, the platform does not charge any…
3 years ago
SuperBots – The First Protocol that Supports Automatic Trading in DeFi
SuperBots is a DeFi protocol offering decentralized trading solutions where users can deposit their capital in vaults for secure and efficient trades on decentralized markets. The project stands out through its no-fees policy on deposits and withdrawals. Instead, the system is based on performance fees and transaction fees. SuperBots shares some of its features with UpBots, a digital asset management platform enabling trading in crypto through trading algorithms. Both protocols support accessible crypto trading for new and expert traders alike.…
3 years ago