Automated Bot to Alert Investors About Changing Altcoin Prices

The volatility across the cryptocurrency markets makes it very difficult to actively keep an eye on multiple cryptocurrencies. Given the 24 hour nature of trading, it becomes imperative to have a tool that can alert investors when major movements in the markets happen.

The cryptocurrency markets need access to objective, timely and reliable data, which strangely in the case of altcoins is not easy to access.

Price manipulation, the spreading of false information and the general herd mentality of investors can lead to scenarios where “pump and dump” is the routine rather than the exception, especially when it comes to the trading of cryptocurrencies.

Intelligence is key

Timing the markets has historically been difficult, even for the most experienced of traders, but for novices and people who have just entered the cryptocurrency world, it presents a challenge which is especially hard.

New investors also have difficulty accessing information in an easy to understand and friendly manner, with the perennial question “what to buy” on the back of their minds.

Assistant bot

With the launch of CryptoPing, these questions are becoming easier to answer. CryptoPing is basically an “assistant bot,” which can provide crucial information through popular messaging platforms like Telegram and, in the future, Slack.

An investor or a trader can simply add the bot to their messenger, the same way you would add a “friend,” and then receive updates through instant messages in the form of “signals” from popular cryptocurrency exchanges like Poloniex, Bittrex and Cryptopia.