Place/Date: China - March 23rd, 2018 at 1:26 pm UTC · 3 min read
Anyone who has invested in the cryptocurrency market knows that doing so is fraught with inherent risk: prices can swing wildly and what seems like a good trade one minute, can turn out to be a poor one, the next.
In these instances, the value virtual crystal ball is beyond measure. Imagine if you could have predicted that Bitcoin would jump from under $12,000 on December 6th, 2017, to over $18,000 in the space of just 48 hours, or you had known that it would drop back down to $12,000 just a few weeks later.
How much money would you be able to make if you actually knew where the top (or the bottom) of a market was?
That will soon be possible: Alphacat is set to become the world’s first robot adviser marketplace that will be focused solely on cryptocurrencies. Their platform will consist of robots that utilize both artificial intelligence (AI) and ‘big data’ to predict the future price of specific cryptocurrencies.
The term ‘big data’ refers to extremely large datasets that can be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.
Alphacat’s AI robots use big data to calculate the likelihood that a particular market will increase, and to date, its price prediction for Bitcoin has an accuracy of 60%.
There is no other prediction platform on the market with that level of accuracy and due to the fact that the robots are constantly learning, this is set to steadily increase over time.
The platform will go live in Q3 of this year. To begin with, it will focus solely on Bitcoin but, in time, Alphacat will have price predictions for popular altcoins such as Ethereum, Bitcoin Cash, Litecoin and NEO.
After that, the sky is the limit. There really is no boundary to the number of markets that this technology can be applied to, so as Alphacat becomes the dominant force in the AI-powered prediction trading field, many more altcoins will be added to this list.
At present, the project is still in its early stages and has been flying under the radar with regards to western investors but that is all set to change as 2018 unfolds, and with the token price currently sitting under one cent (at time of writing), there is massive potential for growth.
Add in the fact that ACAT will soon be listed on multiple popular cryptocurrency exchange,including HitBTC, and you don’t need sophisticated AI robots to tell you that this is an opportune time to get in at the ground level before things really take off.
If you failed to invest in Neo when it was Antshares or missed the boat when Ethereum set sail, this is a fantastic chance to invest in some exciting technology before the rest of the world does.
The cryptocurrency market is still in its infancy and for that reason, is susceptible to wild swings, both up and down. The ability to identify those swings before they happen is the key to making money, no matter what the market is doing!