The AI trading bot is optimistic about the prospects of two tokens, Helium (HNT) and Phantom (FTM).
A new AI trading tool, Avorak AI, is bullish on Helium (HNT) and Fantom (FTM). A trading bot, one of several artificial intelligence products offered by the company, provides price predictions, makes automated trades, and learns from its user’s strategies. The bot determined that both coins are likely to make a big move higher in the coming months.
Avorak AI It runs on the BNB Smart Chain and can be used with its AVRK token. Its product is one of many AI-enabled trading tools that have hit the market in recent months.
Fantom has had a strong first quarter so far, starting the year in the doldrums at just under $0.2. The FTM is currently at $0.45. The trajectory has been mostly upward, with tapering off in late February and early March. The price is nearing an all-time yearly high, and investors seem relatively bullish about its direction. Avorak AI seems to agree.
Helium (HNT), on the other hand, has had a much different year so far, starting at $1.50 and all the way up to $1.866 today, up 24%. However, the road there was choppy. It reached highs of 3.27 on January 18, and crossed $3.00 again in late February. But the token has fallen significantly since then, losing 43% of its value.
AI trading has become more popular in recent months as market participants attempt to replace or augment human trading. Its proponents say it can remove bias and human emotion from decisions.
Read BeInCrypto’s latest guide to AI trading here.
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