These are the most common type of crypto bot and are primarily focused on trading. They monitor the market 24/7, analyzing price trends, trading volumes, and even social media sentiment. They can execute trades instantly based on pre-set conditions or AI predictions.
Some bots are designed to help maximize returns through staking (earning rewards for holding certain coins) or yield farming (providing liquidity to earn interest).
Certain coins, especially in decentralized finance (DeFi), come with governance features, meaning holders can vote on proposals about how the project evolves. Governance bots can analyze proposals, predict outcomes, and even cast votes on behalf of their owners.
These bots are designed to keep your investments safe. They can monitor wallets for unauthorized access, flag unusual transactions, and even freeze assets if a breach is detected.
Some bots act as part of a coin’s community, helping to build and grow its user base. They might moderate forums, answer FAQs, or run promotional campaigns to attract new users to the project.
• Bots tied to gaming tokens might automate tasks in blockchain-based games to earn rewards.
• Bots connected to NFT projects might help users mint, trade, or monitor trends in the NFT space.
These bots go beyond numbers and analyze human behavior. They can scrape data from social media, news sites, and forums to gauge public sentiment about a particular coin.
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