Crypto portfolio app CoinStats has unveiled an innovative artificial intelligence (AI)-powered Exit Strategy feature on its platform, allowing traders to effectively optimize their profits, according to a February 2 statement shared with CryptoSlate.
This feature would allow crypto investors to strategically determine the optimal selling price for their cryptocurrency assets in their wallets.
The asset management company revealed that its premium users can use the AI Suggest tool within the Exit Strategy feature to make more nuanced decisions about their crypto portfolios. This tool uses artificial intelligence to predict the Bull Market Price (BMP) for specific cryptocurrencies, providing investors with valuable insights for informed decision-making.
“AI-powered analytics are crucial in the volatile and unpredictable field of cryptocurrency, as they provide a complementary data-driven approach to securing profits,” the company added.
Exit strategy tool will be important in the coming bull market
CoinStats believes the tool could be useful in the impending crypto bull market catalyzed by the adoption of Bitcoin Exchange-Traded Funds (ETFs) in the US.
Several market observers noted that the crypto market would respond positively to this development and further predicted that the upcoming BTC halving would act as a new catalyst for the industry.
CoinStats CEO Narek Gevorgyan revealed that he came up with the idea for the feature because most people own a high-growth digital asset “with no idea when to sell.” So, the Exit Strategy feature would help these users ‘create and stick to a sales plan’ that will allow them to take advantage of market increases.
“The biggest mistake I see people make in crypto is that they have no plan, they hold a token with no idea when they want to sell. It is essential to have exact selling prices for your positions. This gave me the idea for a new CoinStats feature,” Gevoryan said.
New users of CoinStats will be prompted to integrate the Exit Strategy feature and set target prices for selling their assets. Once integrated into their profiles, investors can effortlessly view their target prices via the Exit Strategy view, which is conveniently accessible next to the portfolio view.
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