Blockchain-based startup Cryptics has announced the launch of the world’s first public cryptocurrency analytics based on AI technology.
The crypto market is still relatively new and lacks many of the traditional institutions of a civilized market. There is a lack of regulation and the volatility factor is detracting a vast majority of classical investors from investing in the new market.
Traders are also approaching the market cautiously as the there is a lack of classical application of trading instruments.
Despite these issues there are blockchain projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects.
AI-based trading solution Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty.
The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies.
Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with.
The multitude of factors involved in predicting the rise or fall of any cryptocurrency are all taken into account by the algorithms that Cryptics employs.
The combination of AI and neural networks allows the Cryptics platform to encompass a large number of open sources and compile information on exchange rates from social networks and exchanges, taking into account possible trends through analysis of natural languages.
The application of NLP technologies allows for analyzing masses of data that human analysts would have taken days to analyze.
The Cryptics platform operates on its own economy based on the implementation of the internal QRP Token. Platform participants can use the token to gain access to various advanced features of the platform.
The instruments available make trading a considerably more risk-free venture as the Cryptics AI grants an unprecedented level of forecasting certainty that is set to grow as the platform develops further.
The use of advanced technologies and their merger on blockchain as on the Cryptics platform is the result of a highly competent team’s coordinated operation that is devised specifically to attract classical traders by offering them the tools they need to trade safely on the crypto market.