The stablecoin market has hit a record high, reaching a total value of $235.7 billion. This is now bigger than Ethereum's market value of $226 billion, according to coingecko. This shows how important stablecoins have become in crypto as they provide stability and make transaction easier for Traders, businesses and DeFI users. Meanwhile, AI powered projects are bringing new ideas to crypto by marking trading smarter and more automated.
One example BNKR, an AI powered trading assistant on the Base Blockchain. BNKR lets users buy, sell,swap and manage thier wallets just by sending a message, making trading simpler for everyone. It also reivests fees back into the token, helping the ecosystem grow, with its recent listing on major centralized exchange, BNKR is gaining attention. As AI continues to shape the future of crypto, how do you think it will impact trading?
~snipStable coins are basically just as important as your regular altcoins with high volatility. This is because sometimes transactions may require a fixed rate rather than the dynamic rates most crypto currencies offer.
~snipStable coins are basically just as important as your regular altcoins
Yeah true. AI isn't really that perfect to perform tasks given to it though it helps us execute faster but still we need to be aware of what we are doing. AI still rely to the informations what humans feed to them and what's they're programmed to that is why we should be very careful.
For now, we have to be careful not be enticed with any program claiming the same benefits using AI...we should not get into it until there can be proven results that we can easily verify.
BNKR is gaining attention. As AI continues to shape the future of crypto, how do you think it will impact trading?
The platform is in alpha and may occasionally make mistakes; we will never know its potential until the platform is fully tested and working. It is gaining attention because of its potential but not because of its usage. I don't think this platform will have an impact yet.I find this quite often in the crypto space. Because most people want to make a profit, they contribute to this short-term hype for any potential project. It makes them look worse than they really are, although some of them have no real value other than fomo. It feels unfortunate, but if the market doesn't punish such behavior we can only cope with it. At the very least, a good project (with a good product and good marketing strategy) probably will live even if it gets overhyped by short-term traders.
The stablecoin market has hit a record high, reaching a total value of $235.7 billion. This is now bigger than Ethereum's market value of $226 billion, according to coingecko. This shows how important stablecoins have become in crypto as they provide stability and make transaction easier for Traders, businesses and DeFI users. Meanwhile, AI powered projects are bringing new ideas to crypto by marking trading smarter and more automated.Stablecoins are getting investments because people are buying stable currencies which shows they are getting ready to fill their bags with their favorite tokens soon and they will certainly chose alts over BTC which is positive sings for alt season.
One example BNKR, an AI powered trading assistant on the Base Blockchain. BNKR lets users buy, sell,swap and manage thier wallets just by sending a message, making trading simpler for everyone. It also reivests fees back into the token, helping the ecosystem grow, with its recent listing on major centralized exchange, BNKR is gaining attention. As AI continues to shape the future of crypto, how do you think it will impact trading?
The platform is in alpha and may occasionally make mistakes; we will never know its potential until the platform is fully tested and working. It is gaining attention because of its potential but not because of its usage. I don't think this platform will have an impact yet.I find this quite often in the crypto space. Because most people want to make a profit, they contribute to this short-term hype for any potential project. It makes them look worse than they really are, although some of them have no real value other than fomo. It feels unfortunate, but if the market doesn't punish such behavior we can only cope with it. At the very least, a good project (with a good product and good marketing strategy) probably will live even if it gets overhyped by short-term traders.