Bitrue launches automated investment tool to facilitate digital asset management
Posted: December 15, 2023 6:14 AM Updated: December 15, 2023 6:14 AM
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Bitrue today launched its Auto-Invest feature, which allows users to trigger automated purchases of digital assets.
Centralized exchange platform Bitrue today unveiled an automated investment feature aimed at streamlining users’ digital asset management experience.
The newly integrated service will allow users to automatically purchase digital assets in fixed quantities, providing a strategic approach to lower average investment costs and mitigate exposure to market volatility.
Available across 18 different digital assets, including the top 30 altcoins by market capitalization and layer 1 and 2 native tokens, Bitrue plans to expand its offerings to cover a wider range of investment options in the near future.
Bitrue says the feature underwent a thorough 180-day backtest process prior to its official launch, yielding a return of 118%.
“We used a sophisticated mix of quantitative analysis and machine learning algorithms during the 180-day backtest period. We simulated various market scenarios, including up and down cycles, to optimize investment timing and asset allocation,” a Bitrue spokesperson told Metaverse Post.
Mitigating Cryptocurrency Investment through Automation
Bitrue said users who choose to auto-invest can also get additional flexible profits through Power Piggy when they hold auto-invest orders.
If the currency purchased within an Auto-Invest plan matches Power Piggy’s flexible interest product, the system will seamlessly forward the acquired currency to Power Piggy, allowing users to immediately start earning flexible interest and automating investment returns.
“Integration with Power Piggy adds an important layer of flexibility and revenue potential. Auto-invested currency automatically flows into Power Piggy, generating flexible interest depending on market conditions. This allows users to earn passive income while their investments continue to grow. Think of this as having a compounding effect on wealth creation,” Bitrue told Metaverse Post.
The company is actively exploring the introduction of advanced automated investment capabilities to help users build diverse investment portfolios, streamline asset allocation, and strengthen risk tolerance through automation.
The platform simplifies the investment analysis process for users by providing valuable data and information about investment portfolios that have already historically performed well.
“Seasoned traders can use automated investing and dollar-cost averaging for strategic portfolio management to smooth out volatility and take advantage of market declines. “On the other hand, newcomers can leverage pre-built investment strategies curated by Bitrue to gain exposure to the cryptocurrency market without in-depth knowledge,” the company explained.
Going forward, Bitrue aims to enhance its capabilities by introducing additional cryptocurrencies and expanding its investment portfolio strategy options throughout 2024. The goal of the platform is to provide financial investment tools to all users and provide maximum protection for their investments.
“We are actively evaluating adding new and promising cryptocurrencies to the Auto-Invest platform. Our focus is to identify assets with strong fundamentals and long-term growth potential, ensuring users can build diverse portfolios that capture the full spectrum of the cryptocurrency market,” Bitrue added.
To begin your Auto Invest journey, both registered and new users simply visit Bitrue’s website and follow the simple steps outlined on the dedicated Auto Invest landing page.
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About the author
Victor is the Managing Technology Editor/Writer at Metaverse Post and covers artificial intelligence, cryptography, data science, metaverse, and cybersecurity within the enterprise space. He boasts of five years of media and AI experience working at renowned media outlets such as VentureBeat, DatatechVibe, and Analytics India Magazine. Having worked as a media mentor at prestigious universities such as Oxford and USC, and holding a Master’s degree in Data Science and Analytics, Victor is committed to keeping up with new trends. He provides readers with the latest and most insightful stories from the world of technology and Web3.
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Victor Day
Victor is the Managing Technology Editor/Writer at Metaverse Post and covers artificial intelligence, cryptography, data science, metaverse, and cybersecurity within the enterprise space. He boasts of five years of media and AI experience working at renowned media outlets such as VentureBeat, DatatechVibe, and Analytics India Magazine. Having worked as a media mentor at prestigious universities such as Oxford and USC, and holding a Master’s degree in Data Science and Analytics, Victor is committed to keeping up with new trends. He provides readers with the latest and most insightful stories from the world of technology and Web3.