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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

3Commas and CryptoHopper Are Top Trading Bots by Monthly Website Visits

  • Alex Morris
    📊‍ Infographics

    🕹️🕹️🕹️These trading bots rule the roost when it comes to automated trading

3Commas and CryptoHopper Are Top Trading Bots by Monthly Website Visits
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U.Today has examined the monthly website views of the best trading bots on the market in order to determine which of them are most popular with crypto enthusiasts. As it turned out, 3Commas is in the lead with a whopping 1.722 mln views.

👉MUST READ Top 7 Best Bitcoin Trading Bots in 2018

The players on the automated trading market  

CryptoHopper comes in second place with 855,824 views. Meanwhile, there is a huge gap between second and third places – ProfitTrailer only has 92,200 views. Such a difference was expected since ProfitTrailer is an offline trading bot, which means that its users are not supposed to regularly visit the website. Other top entries (CryptoTrader and HaasBot) also have much smaller numbers compared to the two aforementioned leaders.

A monthly subscription to 3Commas will set you back $24 (CryptoHopper is a tad cheaper — $19).

The geography of automated trading

CryptoHopper, Haasbot, and ProfitTrailer are leading in the US, which doesn’t come as a surprise since it’s the biggest cryptocurrency market in the world. 3Commas is most popular in Russia while France is the top country for CryptoTrader users.
3Commas and CryptoHopper Are Top Trading Bots by Monthly Website Visits

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Bitcoin (BTC) and Tether (USDT) Saw Their Trading Volumes Surge in March

  • Alex Morris
    📊‍ Infographics

    Tether (USDT), despite numerous controversies surrounding the project, saw its volumes skyrocketing in March, which is a good indicator that stablecoins are alive and thriving. At the same time, Bitcoin (BTC) trading almost reached its yearly high, but the recent Bitwise report spoiled the celebration

Bitcoin (BTC) and Tether (USDT) Saw Their Trading Volumes Surge in March
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Tether (USDT), the flagship stablecoin, registered record-breaking trading volumes in March. While Bitcoin (BTC) experienced the same surge in trading, it’s not necessarily good news after the explosive Bitwise report.     

👉MUST READ Tether Ceding Ground to Competitors as Stablecoin Wars Pick Up Steam: Research

A historic record

On March 10, Tether’s trading volumes recorded a new historic maximum of $10 bln. The controversial dollar-pegged stablecoin, which many believe doesn’t have enough fiat reserves to back its token, saw this trend continuing throughout the whole month.   

March was also quite a success for Bitcoin – the number one cryptocurrency returned to its April numbers in terms of trading volumes with $11 bln. At the time, the BTC price was sitting at $9,750.

👉MUST READ Bitcoin (BTC) Transaction Fees Continue Declining Despite Trading Volumes Being on the Rise

Trading volumes hoax

Most probably, the study doesn’t take into account the most recent findings in the Bitwise Management report, which suggests that up to 95 percent of the total Bitcoin trading volume is artificially created by fraudulent exchanges. Earlier, U.Today also revealed what mechanisms different exchanges use to inflate their numbers.

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