Shiba Inu L2 Network Shibarium Is Set To Welcome Trading Bots When It Launches On The Mainnet.
In exciting news for the cryptocurrency world, the Shiba Inu L2 Network Shibarium is set to welcome trading bots when it launches on the mainnet. This development follows an announcement by NowNodes, a leading blockchain node infrastructure provider, on how investors can build their own custom trading bot on the network.
As disclosed in a recent tweet, the tutorial was a response to the demand of the majority of the community in a Telegram chat who had voted for a guide on trading bots.
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woof 🐶
We asked our community in Telegram chat what next #Shibarium guide you’d like to see next. The majority voted for a Trading Bot 🤖
Take it away – #NOWDev x @ShibariumNet is back with a new exclusive tutorial 😎
Let’s #BUIDL together – we’re going to help you.… pic.twitter.com/f6Z1KxdaaP
— NOWNodes ⛓️ (@NOWNodes) May 5, 2023
The integration of trading bots on the Shibarium network is expected to revolutionize the way in which cryptocurrency trading is carried out. Trading bots are automated programs that can be programmed to execute trades on behalf of users based on predetermined criteria such as price movements and other market indicators.
NowNodes indicated that the custom trading bots built from the guide would have restricted functionality to minimize trading risks. However, investors can modify them at their discretion to enhance capabilities.
The tutorial first explains how to define a trading strategy by setting a threshold price and specifying the notifications that the user wishes to receive. It then explains how to install the tools and libraries required to build the trading bot.
This new development is expected to increase the efficiency and accuracy of trading on the network, as the trading bots will be able to react faster to market movements and execute trades automatically without the need for human intervention. This is particularly important in the fast-paced world of cryptocurrency trading, where every second counts.
This guide is coming barely two weeks after NowNodes published a tutorial on how users can build on Shibarium and further increase adoption.
The integration of trading bots on Shibarium is also expected to attract more investors to the platform, as it will provide them with a more streamlined and user-friendly trading experience. The ability to build custom trading bots will also allow investors to tailor their trading strategies to their individual needs and preferences.
Shibarium Already Becoming Known
The Shiba Inu L2 Network Shibarium is already generating significant buzz in the cryptocurrency community, and the addition of trading bots is expected to further cement its position as a leading player in the industry. With the launch of the mainnet just around the corner, investors and traders alike are eagerly awaiting the opportunities that the platform will provide.
In conclusion, the integration of trading bots on Shibarium is a major development in the cryptocurrency world and one that is sure to have a significant impact on the industry as a whole. With the ability to build custom trading bots on the network, investors will be able to take advantage of the many benefits that these automated programs provide, including increased efficiency, accuracy, and flexibility. The future of cryptocurrency trading is looking brighter than ever, and Shibarium is leading the charge.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
