BOTS Performance | October 26th, 2021
Ready to see which bots have been doing their job the best last week? Good. Because we’ve lined them up for you in this weekly performance update!
In the BOTS app, you find many trading bots, each performing differently depending on their strategies. To give you insight into the performances of these trading bots, we have made an overview for you in which we compare their performances to each other. Are your bots part of this week’s list?
The reason why we benchmark our trading bots is to show you that, in most instances, bots trade better than humans. While you see Bitcoin go up, a trading bot might be able to generate a higher profit due to its strategy. Also, when markets go down, trading bots may still generate a profit or minimize the losses by making intelligent decisions based on pure data. Emotion plays a significant role in a trader’s actions; luckily, bots don’t have those emotions.
Please note that the data in this overview is a snapshot. This means that the results you see in the app may vary since they are based on real-time data.
Last week was an eventful week for Bitcoin (BTC). The first American Bitcoin exchange-traded funds (ETFs) were launched, opening the doors to broader adoption of Bitcoin as an investment in the US. The ETFs performed well on their first days, and the sentiment on the crypto markets was upbeat. The bullishness eventually led to Bitcoin reaching a new all-time high (ATH) of $67.000!
What followed was a slight retrace back to $60.000, with Bitcoin now down a couple of percents compared to last Tuesday. Nevertheless, we see the top 10 performing trading bots in the BOTS app generating some excellent returns. Topping this week’s list is Team Cutter by Dematrading.ai’s Steamboat bot. Trading with the top 25 cryptocurrencies, the Steamboat found a great wave and generated a profit of 16,6%!
With a profit of 15,8%, Hold the Line’s LINK.2the.moon is the runner-up of this week’s performance update. Chainlink (LINK) made some nice moves, and thus the LINK ‘Buy and Hold’ bot profited nicely. Third place is for Mighty Soups’ Heal Soup, up 13%. The AI trading bot is a soup of different cryptocurrencies and rebalances its portfolio every 12 to 24 hours. Last week’s soup ended up delicious indeed!
BOTS is a tech company that has developed an app that makes it possible for anyone to start investing. You only need €50 to get started. BOTS uses automated trading strategies based on algorithms. We call these algorithms bots. These bots are tiny superheroes: they make automated investing accessible to everyone. With their help, you can invest in cryptocurrency within minutes — without any knowledge! And we’ll do you one better… In 2021, you’ll also be able to invest in stocks and other currencies through the BOTS app.
The app is free to download and quick and easy to install. BOTS currently operates in more than 15 countries, and by the end of the year, BOTS wants to be active in at least 60 countries and four continents.
Need any help with anything?
Even though automated investing is incredibly easy, you might need some time to find your way around the app and discover all the options. So if you still have questions wandering around your mind, or you just can’t seem to figure it out, please do not hesitate to contact the BOTS support department.
Don’t feel like calling our support team? Just head to the BOTS YouTube channel and browse through the dozens of instructional videos that may help you further. You are also royally invited to the BOTS Discord channel.
Ready to get started?
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.