XC is back on Podcasts!!!
On the December 3 2024 Trading Pit, Benjamin the Whale Hunter, and Amit the Range Sniper analyze price movements for Bitcoin, Ethereum, and Solana, offering trading insights and actionable setups.
The hosts discuss the recent surge in XRP and other "Dino coins," attributing it to rotation from Bitcoin and renewed interest in familiar tokens on mainstream platforms. They also debate the potential of meme coins versus AI agents, highlighting the role of leverage and institutional interest in the current market.
J-AI On-Chain Product Launch
Sign up today!!! https://bit.ly/Try_JAI_Onchain_Pod
The launch of J-AI On-Chain, a decentralized, self-custodial trading platform that allows users to connect their own wallets and deploy trading strategies developed by J-AI, a sophisticated AI trading system. This solution eliminates the risks associated with centralized exchanges, like those experienced with FTX and Mt. Gox, where users’ funds are held by a third party.
J-AI On-Chain initially launches with three strategies across three different blockchains:
Ethereum and Solana Micro-Cap Strategy: This strategy focuses on identifying and capitalizing on trading opportunities in the meme coin ecosystem. It’s now available on both Solana and Ethereum.
Bitcoin Strategy: Available on Base, this strategy aims to buy Bitcoin at opportune moments (“buy the dip”) and take profits as the price rises. Backtesting suggests that this strategy has outperformed a simple “buy and hold” approach during bear markets, while also minimizing drawdowns.
J-AI On-Chain is differentiated from other on-chain trading solutions in several key ways:
Decentralized Wallet Architecture: Rather than using a vault structure, where all user funds are pooled together, J-AI On-Chain uses a decentralized wallet architecture where each user controls their own funds, minimizing the risk of a single point of failure and potential losses due to the actions of other users.
Sophisticated AI Trading Engine: J-AI uses trillions of data points, including information about liquidity pools, holders, top traders, and other on-chain metrics, to identify trading opportunities. This is in contrast to AI agents that rely heavily on social sentiment data, which can be easily manipulated.
Focus on Trading: J-AI is specifically designed for crypto trading. Unlike general-purpose AI agents being developed by companies like AIX, BTC, or AI16Z, J-AI is solely focused on providing users with the best possible trading experience.
Ease of Use: J-AI On-Chain is designed to be easy to use. Users can connect their wallets and deploy trading strategies with just three clicks.
The minimum investment for J-AI On-Chain is flexible, but a higher balance allows the algorithms to perform more effectively. The platform does not charge any subscription fees. Instead, a small percentage is taken from each trade, and the team has worked to optimize these fees to be lower than those on decentralized exchanges like Uniswap.
Ben Lilly returns to the show with a deep exploration of the state of the Bitcoin, Ethereum, and Solana networks.
On Bitcoin, Ben Lilly analyzes network fees and highlights the significant impact of ETF inflows on network activity. However, he raises concerns about the sustainability of this growth, citing the lack of compelling DeFi applications and the reliance on points programs to attract capital.
Turning to Solana, Ben Lilly notes a decline in activity following the peak of the meme coin frenzy driven by Pumped Out Fund. He suggests that Solana needs new catalysts beyond the gambling arena to drive sustainable growth.
Finally, Lilly examines Ethereum's performance, pointing to the increasing activity on Layer 2s like Arbitrum, Base, and Optimism as a positive sign. He observes that this activity is starting to translate into increased fees on the mainnet, suggesting a potential turning point for Ethereum's fee dynamics. Lilly concludes with a call for the development of robust, utility-driven applications on all three networks to ensure their long-term success.
Follow the team:
xChanging Good Studios https://bit.ly/xChangingGood
Espresso Newsletter https://bit.ly/espressobrew
On Twitter
@Marconiwight
@TheWhale_hunter
@rangesnipe
@mrbenlilly
Disclosure Statement This content is for entertainment purposes only. Nothing shared during this broadcast is or should be considered financial advice. The views and thoughts shared here are simply opinions. Do your own research and consult a registered financial advisor before making any investments.
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