AI Helps Reduce Crypto Risks & Build Resilient Portfolios

Elluminex: AI-Powered Crypto Trading on TON Blockchain

Every day, people are finding new use cases for AI, to make our lives easier and hopefully better. Banks like JP Morgan and Morgan Stanley are already investing in and using AI for their benefit. So how can AI be used in crypto trading for retail users' benefit? 

We examine the possibilities, and what a new project called Elluminex is doing with AI to make trading safer and potentially more lucrative.

The Role Of AI In Crypto Risk Management

Like all trading, crypto trading comes with certain risks. Prices often move unpredictably, with wild swings. And unlike traditional markets which have opening and closing times, and weekends off, crypto never stops.

Worse still, you could be enjoying your weekend and not realizing that a major exchange is going down (like FTX) or that a bank is collapsing (Celsius, Voyager Bank, Three Arrows Capital, to name a few).

Because AI analyzes patterns and never sleeps, it can process massive amounts of data to identify potential risks and price swings. This gives traders the ability to act early instead of reacting too late.

And AI can take this a step further as it can even trade for you, under set parameters, allowing you to sleep soundly at night!

Building Strong And Resilient Portfolios With AI

What’s the best way to have a strong portfolio? Much of it relies on balance and having a strategy.

AI has the potential to make this easier, by analyzing thousands of data points to recommend which assets to hold. 

We all know about Bitcoin, Ethereum, and the top 50 cryptos, but AI can identify smaller tokens that have the potential to grow. 

It does this by reading real-time market trends and on-chain activity. This is something that the new TON-based DeFi project Elluminex, is hoping to provide its users.

How Elluminex’s AI Can Help

Let’s say your portfolio is heavily weighted in Ethereum because the price has increased substantially. Previously it was 60% of your portfolio and now it's 80%. 

This is now a risk but also an opportunity. Elluminex’s AI might then suggest selling some Ethereum, and then adding smaller, up-and-coming tokens, based on their transaction or developer activity. 

It takes the guesswork out of it all, using tried and trusted portfolio strategies along with up-to-the-minute market data.

Given the fragmented nature of the TON ecosystem, and that many of TON’s users may have come from Telegram (and therefore not have much previous crypto experience), this is an extremely useful feature.

Reacting In Real-Time

Another thing that AIs like Elluminex’s can do, is dynamic rebalancing. 

This is when AI adjusts portfolios in response to rapid market shifts. This removes the hassle and also the emotional decision-making from the equation. 

Is the market crashing? Or mooning? It doesn’t matter because AI is already taking action. Traders don’t have to panic sell, have FOMO, or worry about missing an opportunity because AI will handle the details for them.  It handles the decision-making with precision, giving users peace of mind while optimizing for both risk and reward.

Elluminex will offer these kinds of advantages to their users. Their DeFi hub allows for swapping, staking, farming, and more while providing AI-based insights and strategies once only available to institutions.

The Future Of AI And Crypto

AI is at the beginning of its journey as a force in our lives. In crypto, the best strategy is usually to stay ahead of the trends.  

Projects like Elluminex are interesting because they offer the ability to combine emerging technologies, in this case bringing AI to retail crypto traders. 

And on an emerging blockchain - TON - which is built on Telegram - a messaging app with over 950 million users. This could bring the democratization of finance, giving a huge amount of people access to the kind of data previously only available to elites.

For more information about Elluminex (ELX) visit the links below:

Website: https://elluminex.com/

Twitter/X: https://x.com/elluminex

Telegram: https://t.me/Elluminex