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- ‘DynaSets’, SingularityDAO’s AI-powered investment tool, is currently beating returns on Bitcoin and Ethereum by 17% and 31%, respectively
- The most recent phase of DynaSets - ‘Open Beta’, saw 800 participants contribute over $5 million
- DynaSets could quash fear of bear markets for cautious investors within the industry
SingularityDAO’s AI-powered DynaSets solution, launched earlier this year, is currently beating returns on Bitcoin and Ethereum by 17% and 31%, respectively.
Both the stock and crypto markets are experiencing downturns - with rising inflation, geopolitical crises, and concern over tighter monetary policy by the US Fed cited as some of the main causes, alongside the ongoing difficulties for Tether and Terra Luna. DynaSets has allowed investors to protect themselves against this recent downturn and could potentially pave the way for more ‘crypto cautious’ investors to enter the market.
Marcello Mari, CEO of SingularityDAO said: “It has been a difficult few months for crypto investors, and investors in the stock market as a whole. In traditional finance, tools to mitigate against losses in market crashes are generally only available to large hedge funds or financial institutions, but with DynaSets we can finally provide a democratically available tool which any investor can use to protect themselves against the worst of market volatility.”
DynaSets are dynamically managed sets of crypto assets, such as Bitcoin or Ethereum. The assets are managed by an AI-powered trading team which watches market sentiment, performs technical analysis and watches global economic events, politics, and many other factors. This means that the team can identify the optimal moment to execute trades, ensuring the greatest chance of returns for investors.
Mari added: “AI has huge potential to mitigate, and even protect against the losses which come from dramatic price swings, potentially opening up crypto investment to a larger swathe of ‘crypto cautious’ investors.”
SingularityDAO was created to democratise access to and enable people to build on top of sophisticated investment tools. It is part of an ecosystem founded by SingularityNET, a leading AI company led by Ben Goertzel, who created Sophia the AI Robot, the world's first robot citizen, in partnership with Hanson Robotics.
Additional information
The numbers, which run from the opening of the most recent trading round of DynaSets on the 13th April, track the percentage increase in the value of crypto assets against their Dynaset counterparts. For example, if an investor had held Ethereum between the 13th April and today, their investment would have decreased by 34%, whereas Ethereum DynaSets beat this by 31%, meaning investors have shielded themselves against the worst of the decline.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.