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The application integrates posts from X in real time, which helps make trading decisions.
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The platform allows you to operate with automatic trading bots with a commission of 0.05 SOL per bot.
An online asset analysis and trading platform from the Solana (SOL) network, announced on November 28, 2024 the launch of a bot designed for users to buy and sell memecoins by integrating their X accounts.
It is an online marketplace called SniperX that allows users to integrate their X accounts, although does not make it possible to operate directly from the social media application. However, this app provides users with access to real-time financial information, such as market prices and volume data, along with X publications on assets in Solana that allow tracking trends in this market. Currently, this trading platform is used from an extension of Google Chrome.
For example, if a user were interested in trading the memecoin with the highest market cap in the Solana ecosystem, Bonk (BONK), it will be possible view other users’ posts about this social network token X from the SniperX application.
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SniperX allows you to see posts from other users on X about assets in Solana. Fountain SniperX.
The platform also includes influencers rankings and a section dedicated to the tokens that They concentrate more attention in real time.
These X-linked features could be useful for users to track social activity linked to tokens, which are important variables that drive market prices. Along the same lines, this functionality helps analyze the impact of conversations around the most popular cryptocurrencies, allowing you to make trading decisions.
Another interesting feature of SniperX is that it has the graphs of the financial analysis platform integrated into its trading interface. TradingView.
SniperX allows you to technically analyze Solana assets with TradingView charts. Fountain: SniperX.
SniperX can operate as an automated trading bot
Although manual trading is possible, SniperX can function as a trading bot that automates the buying and selling of assets according to the preferences configured by the user.
In addition to memecoins, trading is possible in Circle’s USD Coin (USDC) stablecoin, NFTs (non-fungible tokens) and Solana ecosystem tokens.
Users can integrate their X accounts into SniperX. Fountain: SniperX.
This tool, according to the statement, allows users to interact directly with the smart contract addresses (contract addresses, CAs) of the assets in Solana.
On the network, each token (including memecoins) is linked to a Ethereum–Bitcoin-criptomonedas-seguridad/” target=”_blank” rel=”noreferrer noopener”>smart contractidentified by a unique contract address. To acquire a specific token, users they need to interact with that addressensuring that transactions are verifiable and audible on the network.
By interacting directly with the smart contract address, the user ensures that they are buying the token authentic and not a fraudulent copy. In turn, it reduces dependence on intermediaries, since the transaction occurs directly with the smart contract.
Ultimately, according to its Sol Sniper website, the platform a commission applies fixed 0.05 SOL (around $12 currently) for each activated bot, regardless of how long it remains in operation.
To operate, according to the site, it is necessary to recharge the wallet with a minimum of 0.5 SOL and convert a part of those funds to WSOL (wrapped SOL) for use in operations within the app. This conversion can be done within the app, according to your blog.
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