Artificial Intelligence for forecasting cryptocurrencies markets

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2018-01-03
Photo: AI and cryptocurrencies
Artificial Intelligence for forecasting cryptocurrencies markets

Financial markets have become one of the most productive areas for the use of Artificial Intelligence. The world’s largest financial corporations, stock exchanges and hedge funds use artificial intelligence to make important investment decisions, and also invest considerable sums in the development of this technology. Fintech is the new gold rush for investors and grew from 10% in 2016 to a staggering 23.2 billion dollars by the end of 2017. China and the USA make a huge breakthrough in this sector and traditionally occupy leading positions.

But if everything is obvious with global corporations, because the technology of Artificial Intelligence has been available to them for a long time and brought a good income and high accuracy of predictions, the question of using Artificial Intelligence by ordinary traders remained open for a long time. The reason was that using this technology required studying a large volume of mathematical apparatus and investing time in working with AI. Traders were not attracted to such a prospect, and for a long time, they were using existing trading strategies.

Undoubtedly, there are many good trading strategies on the market that help to make forecasts. But from time to time they turn out to be non-effective and cause a malfunction, which costs traders hundreds of thousands, or even millions of dollars. But today the technology of the future has become available to every trader, a number of promising and young companies are actively working to resolve this issue, creating innovative projects and presenting them on ICOs. Now, in order to be the top 1% of the most successful traders in the world, you do not need to have huge finances or impressive experience. 

Artificial intelligence has become much closer to us, and this is the most important sign that the era of the supermind is already very close.

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,930.52
  • ethereumEthereum$137.01
  • rippleXRP$0.313764
  • tetherTether$1.00
  • eosEOS$3.73
  • stellarStellar$0.091584
  • litecoinLitecoin$57.65
  • cardanoCardano$0.045808
  • tronTRON$0.022746
  • moneroMonero$49.53
  • iotaIOTA$0.282884
  • nemNEM$0.045702
  • dashDash$82.47
  • neoNEO$8.99
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