In a recent development, the Shiba Inu L2 Network Shibarium is set to welcome trading bots, much to the delight of the Shiba Inu community. The news broke after NowNodes, a blockchain node infrastructure provider, released a guide on how investors can build custom trading bots on the network.

The guide was released in response to the demand of the majority of the community in a Telegram chat who had voted for a guide on trading bots. NowNodes indicated that the custom trading bots built from the guide would have restricted functionality to minimize trading risks. However, investors can modify them at their discretion to enhance capabilities.

The announcement sparked excitement among the Shiba Inu community, with many eager to try out the new feature. Shibarium is already seen as a major player in the world of cryptocurrencies, and the introduction of trading bots is expected to further solidify its position.

The tutorial provides step-by-step instructions on how to define a trading strategy by setting a threshold price and specifying the notifications that the user wishes to receive. It then explains how to install the tools and libraries required to build the trading bot, including Python 3.11.3, a Telegram Bot to receive notifications, Ethereum Node & WebSocket access, and Node.js to work with Shibarium Beta.

The guide also provides a script for installing the required libraries and reminds users to obtain an API key from NowNodes to extract data. It’s a comprehensive guide that even beginners can follow, making it accessible to a wide range of investors.

The introduction of trading bots on Shibarium is expected to bring several benefits to investors. Firstly, it will help to streamline the trading process, allowing investors to make trades more efficiently. Secondly, it will enable investors to automate their trading strategies, reducing the risk of human error.

However, it’s important to remember that trading bots are not a magic solution, and investors should still exercise caution when using them. Shibarium’s trading bots will have restricted functionality to minimize trading risks, but investors can modify them at their discretion to enhance capabilities. It’s crucial to do your own research and understand the risks before investing.

Overall, the addition of trading bots to Shibarium is a significant development for the Shiba Inu community. It demonstrates the network’s commitment to providing its users with the latest tools and technologies to make trading easier and more accessible. As the popularity of Shibarium continues to grow, it’s likely that we’ll see even more exciting developments in the future.

In conclusion, the introduction of trading bots on Shibarium is a significant step forward for the Shiba Inu community. NowNodes’ guide provides a comprehensive tutorial for investors to build custom trading bots on the network, bringing several benefits to investors. However, it’s crucial for investors to exercise caution when using trading bots and to do their own research to understand the risks involved.