Bundles are Now Live on Coinrule!

Aug 5, 2022

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Bundles are Now Live on Coinrule!

Originally posted here.
By: Brodie Duff

Overview

Whether you’re day trading crypto or have a more long-term approach, take your strategy to the next level with Coinrule’s Bundles! Coinrule’s latest product update allows users to program their rules to only operate on specific bundles of coins whilst excluding all other coins in the market. Users can choose to create their own bundle or use any of our curated Coinrule bundles. So what Bundles are available? We have five available bundles ready to…

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The Post

Whether you’re day trading crypto or have a more long-term approach, take your strategy to the next level with Coinrule’s Bundles!

Coinrule’s latest product update allows users to program their rules to only operate on specific bundles of coins whilst excluding all other coins in the market. Users can choose to create their own bundle or use any of our curated Coinrule bundles.

So what Bundles are available?

We have five available bundles ready to use with more being added soon:

DeFi- This Bundle will focus your rule to only trade coins that are related to decentralised finance. DeFi is targeting a $100 trillion dollar industry and is the biggest use case for crypto. 

Top 10 Market Cap- This bundle will allow your rule to only trade the 10 highest market cap coins. These coins should have strong volume and liquidity meaning they can work well when using limit orders. This bundle excludes stablecoins that are in the Top 10.

PoS Layer 1s- This bundle specifically features coins that are layer 1s and use a proof-of-stake consensus mechanism. Proof-of-stake secures the network through validators staking their coins and compared to proof-of-work is more energy efficient. Increasing ESG compliance has led to these coins increasing in popularity with high potential that this trend will continue.

NFTs- This coin bundle bases all trades on coins that are NFT-related. When the NFT hysteria returns as NFT adoption increases, this is the bundle to use! During the previous bear market, NFTs were also some of the hardest hit making them possible candidates for shorting.

Gaming- This bundle allows your rule to only trade gaming-related coins. Gaming is arguably one of the most obvious industries for increased property ownership provided by NFTs and blockchain. Will the mass of gamers step on board the crypto gaming train? 

But what if I don’t like any of these bundles?

Users can design their own bespoke bundles to trade with. When selecting coins on the rule editor page, simply add all the coins you wish to add to the bundle then click “Create bundle”:

So what can Bundles be used for?

Bundles can allow you to hone your rules to only operate on coins that are in line with your strategy. Imagine you’re very bullish on the future of the NFTs. You could design a bot that buys any coin in the NFT bundle whose price has decreased by 5% in the past 24 hours. You could use this specification to prevent your rule from buying tops and automatically accumulate coins in the NFT space and hold them for the long term:

Similarly, if you don’t like your rules trading with gaming coins, you could simply use the DO NOT operator and specify your rules to not buy any coins contained within the ‘Gaming’ Bundle:

There really are a vast array of opportunities with Bundles, we’re excited to see what you will create.

We hope you enjoy the new feature. Happy trading!

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