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Métodos de autenticación

Choosing the correct coins to run your bots on is just as important as having the correct settings. If you have two bots running the same exact settings but one is running BTC/USD and the other is running SOL/USD, can you guess which is going to make more money? The answer is SOL/USD by a long shot. Obviously this isn’t because SOL is a good coin and BTC is a bad coin, it primarily has to do with volatility.pellentesque eget.

• Don’t start bots on coins you’ve never heard of. If you’ve never heard about the coin than in our eyes it’s too risky. There’s nothing worse than holding onto a red bag of a coin that may never recover.
• Low market cap. You want to choose a coin with a small market cap, but not too small. We personally like choosing coins outside of the top 10 cryptos, but within the top 100. We personally use CoinMarketCap to get an overview of top performing cryptos
• High volume. Coins with incredibly low volume but high price action mean that it takes very little buying or selling to move the price a lot in either direction, as very few people are trading it. Choose coins with lots of volume for more consistent price action.
• Follow the trend. Choose coins that have been performing well. This one is kind of a no brainer… but even if a coin has a high volatility %, you shouldn’t start a bot on it if it’s down 50% in the last 7 days.

And finally, narrative. We left this for last as it may be the most important thing to take from this article. Every bull run has a narrative tied to it. During the last bull run (2020-2021), the narrative was gaming and the metaverse. Coins like MANA, SAND, AXS, ENJ, GALA, etc., all performed incredibly well and blasted their way into the top 50 cryptos. This time around, the narrative is absolutely Artificial Intelligence (AI). Fueled by the launch of things like ChatGPT and Apple’s Vision Pro, as well as the massive success of Nvidia over the past few months, AI has taken over by storm and every project seems to be pivoting somehow to get their toes wet. While there are a ton of coins that have to do with AI, the ones that we’ve noticed this cycle have been RNDR, FET, AGIX, AKT, OCEAN, and NOS. We’ve started bots on all of these coins and they have been our top performers by a long shot.

So how do you find out what the narrative is at any given time? This ones kind of tough… and we’re not sure if there is a clear answer. It really just comes from spending enough time in the crypto space, listening to what others are talking about, and watching the market for trends.

The good thing is that you’ve joined the Bot Base community and you don’t need to worry about spending countless hours doing the research because we’ve done it for you! We’ll make sure to constantly do our best to provide our members with the driving narratives as well as the best coins to run your bots on.