Anybody who has been following the cryptocurrency markets for a while knows that trading bots are a big influence on the wild price swings that we see.
In the past, trading bots were utilized by Wall Street firms in order to buy and sell commodities with speed and precision.
That was all well and good for large, rich companies but it meant that the average trader was left at a huge disadvantage.
Well, now AIphacat’s AI powered robots are changing the game and leveling the playing field for all cryptocurrency investors, no matter what size their portfolio is.
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 robo-advisors 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 AI powered robots use big data to calculate the likelihood that a particular market will increase, and to date, its price prediction for Bitcoin has reached an accuracy of 63%. There is no other prediction tool on the market at present with this level of precision.
But this is just the start; as time goes by and the AI robots learn, they will be able to make increasingly accurate predictions.
And in addition to Bitcoin, price predictions for Ethereum, NEO, and EOS will be coming out later this year.
After that, the moon is the limit; as a community-driven project, Alphacat will let its users decide which cryptocurrencies they will develop prediction modules for as well as allow 3rd party developers to publish and develop their own tools on the platform.
This will all be driven by user demand to create an ever evolving marketplace for ‘crypto power tools’. In giving people a say in what projects they should create prediction modules for, its users become invested members of the community.
This attitude really embodies everything good about cryptocurrencies; rather than an expensive, centralized system that only the super rich can afford, Alphacat makes investing in cryptocurrencies easy and accessible for everyone regardless of their background or experience.
These guys are definitely worth keeping an eye on…