Smart Money – new feature in Bitget Wallet to improve trading strategies
Smart Money – new feature in Bitget Wallet to improve trading strategies
Bitget Wallet, a multi-chain wallet of cryptocurrency exchange Bitget, has introduced Smart Money, an advanced tool designed to improve trading strategies.
Smart Money uses artificial intelligence technology to analyze and process data in real time. The tool identifies and tracks over 6,000 historically high-performing Smart Money addresses in Ethereum, which are associated with traders known for their experience and strategic acumen, and performs security checks.
Bitget Wallet is expected to launch the Smart Money feature on additional blockchains such as
BNB Chain, Solana, Polygon, and Avalanche in the near future.
"The Smart Money feature is designed to provide traders with clear and timely trading signals and insight into market dynamics," Bitget said in a blog post.
The feature provides detailed information about Smart Money addresses that are currently involved in trading. This includes the cryptocurrency being traded, transaction prices and volumes, as well as the number of storage addresses, giving traders instant access to trade signal alerts.
Users can easily access this information through their mobile app, similar to scrolling through social media feeds. This allows them to monitor Smart Money movements, evaluate trading profits and losses in real time, internalize the trading strategies of professional investors and whales, and open up new online trading opportunities.
"The crypto market's pronounced volatility and asymmetry, coupled with an extensive array of investment categories, pose a formidable challenge for ordinary investors to access the informational and resource privileges enjoyed by a select Smart Money few," said Alvin Kan, COO of Bitget Wallet, commenting on the ethics behind the product.
"Our mission is to empower users to get ahead of market trends, quickly uncover investment opportunities, and bridge the gap between regular investors and Smart Money," he explained.
"With Smart Money, we don't just monitor the buying and selling prices of tokens or determine the right time to exit based on selling trends. Our goal is to provide users with a rich selection of online assets and robust online trading services so they can take advantage of these new opportunities," Kan added.
Adhering to the "smart trading" philosophy, Bitget uses new technologies such as artificial intelligence to help crypto investors trade more intelligently. This allows all members of the platform to use tools that were previously only available to professional investors, creating a level playing field.
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