- Fetch.ai creates excitement with its recent merger with OCEAN and SingularityNET
- Global crypto market sees increasing introduction of AI to the ecosystem
- ALGT breaks through $3.4 million in stage presale at $0.06
The world of blockchain and artificial intelligence continue to overlap, entering into 2024. This powerful combination opens up a myriad of opportunities for developers and investors alike. AI-focused projects on blockchain have continued to carve out a niche for themselves, offering innovative solutions and disrupting traditional financial models. This week, news about Fetch.ai, a decentralized AI platform combined with two other AI giants, has rocked the crypto communities, while Algotech (ALGT) has stolen headlines with its record-breaking presale. Let’s get more details.
Fetch.ai’s merger causes great anticipation in the AI market
Fetch.ai, an artificial intelligence lab building an open, permissionless, and decentralized learning network with a crypto economy, has recently joined forces with two powerhouses in the decentralized AI space – OCEAN Protocol and SingularityNET ‐ to create the Superintelligence Alliance.
According to Fetch.ai’s official statement: “The Superintelligence Alliance is a united stand against the big tech’s control over technology. We’re joining forces to change the game on how AI is created, shared, and used by everyone, leaning into the principles of decentralization to accomplish an open and equitable form of AI.”
Talks about the possibilities of infusing AI and blockchain technology have saturated many community conversations. One area that has been highlighted for its growing momentum is algorithmic trading and AI using blockchain, especially since a new platform that fuses both made headlines with a record-breaking presale.
The rise of algorithmic trading and the need for AI
Algorithmic trading is becoming a more powerful influence in the financial markets. Algorithmic traders use complex software to automate trading decisions based on technical indicators and pre-established rules. This strategy has a number of benefits, such as accuracy, speed, and the capacity to take advantage of transient market inefficiencies.
AI can analyze enormous volumes of market data, spot trends, and make trading decisions in real time that outperform traditional algorithms by utilizing machine learning and deep learning techniques.
Algotech (ALGT): An AI-powered algorithmic trading solution
Algotech is a next-generation algorithmic trading platform powered by AI. Its core mission is to democratize access to high-frequency trading (HFT) strategies for retail investors.
Algotech promises an intuitive user interface that allows traders to build and backtest algorithmic strategies effortlessly using a drag-and-drop feature. The platform would also provide backtesting functionality for evaluating strategy performance on historical market data before deploying them with real capital.
Algotech’s platform will also provide social trading features that enable users to engage in copy trading from proven algorithmic traders within the platform. This functionality allows beginner traders to benefit from experienced traders’ expertise without requiring extensive technical knowledge.
A few days ago, ALGT broke the record of $3.4 million in sales within a few weeks of launching its presale stage—with its ongoing stage two round 93% done, at $0.06 per ALGT. For an AI-powered decentralized algorithmic trading solution that came on the scene barely four months ago in an unproven niche, this makes a loud statement that investors and the wider crypto community cannot ignore.
To learn more about Algotech, visit the Algotech presale website or join the Algotech community.
