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The rise in the popularity of cryptocurrencies has resulted in a big increase in the number of crypto trading bots available. The bots are available both free from the open-source platforms and licensed to the users in exchange for a certain fee. Bots are programmed in such a way that they monitor the market’s price movement and based on these moments reacts according to the predefined rules. The bot is able to process and analyse a large amount of data in realtime. It also makes them suitable for making decisions by analysing different companies.