Fundamental Analysis (FA)

Fundamental analysis is used with crypto trading bots to evaluate the intrinsic value of a cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... by examining its underlying economic and financial factors. This analysis involves researching the cryptocurrency’s market demand, the project’s technology and development, and analyzing the impact of any news or events that could affect its value. Trading bots can use this analysis to help traders make more informed decisions when buying or selling a cryptocurrency. For example, a trading bot could be programmed to monitor news feeds for relevant information and make a trade based on the information received. Another example could be analyzing the financial statements of a crypto project to make decisions on whether to hold or sell the cryptocurrency.