Cryptics Platform Predicts Cryptocurrency Rates with 70%+ Accuracy

Apr 22, 2018 at 09:48 // News
Cryptics predicts cryptocurrency rates

Cryptics is a blockchain based startup from Estonia that looks to help mitigate some of the risks that come with trading cryptocurrencies in today’s market.

Stories of people becoming rich from a forgotten wallet file or a sudden surge in the price of cryptocurrency are commonplace within the cryptocurrency sphere, but so are stories of one wrong trade that led to extreme losses as well.

Cryptics to Make Trading Crypto Less Risky

For those that are tolerant of the risk and can emotionally disconnect when trading, cryptocurrency is a high risk, high reward venture. This is the reason why many institutional traders like Wall Street and other institutional investors have hesitated on making the jump.

While Bitcoin and cryptocurrencies are getting more developed, trading them is still considered the financial Wild West. Lack of regulation and the volatility are both major turn-offs for institutional traders or everyday people looking to invest in these new kinds of markets. Furthermore, there are no traditional instruments to trade currencies with, so traders who do enter the market do so very cautiously.

Cryptics wants to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players. Cryptics will also develop algorithms to predict changes in the value of cryptocurrencies, which will give traders an indicator of where the market is heading in the near future.

Trading Tools Based on Machine Learning and AI

These tools based on advanced scoring models involve the use of machine learning and AI, analyzing the multitude of factors involved in predicting the rise or fall of cryptocurrencies. Everything from exchanges rates, analysis of trends on social media and of natural languages is taken into consideration. The combination of AI and neural networks on the Cryptics platforms allows for this to be done in a timeframe considerably less than what would take human analysts days to analyze.

The platform operates within its own economy, based on the internal QRP token. Participants on the platform can use the token to gain access to more advanced features on the platform, making trading less risky thanks to the information provided to traders by these instruments. As the platform develops further, the accuracy of these tools will only improve, increasing the level of certainty in each forecast made.

Cryptics Platform Already Has Over 70% Accuracy

The platform currently pulls information from over 100,000 data sources and touts a 70%+ accuracy on the prediction of cryptocurrency rates. Those interested in being an early adopter of the platform can apply for the crowdsale whitelist, and be notified about when it is able to participate.

The team will also work on the further expansion of their talent, as well as refinement of the AI, and marketing efforts globally in 2018. 2019 and 2020 has a focus on automatization and decentralization, with features such as trade bot integration, automatic portfolio management, and the launch of the decentralized funds to be rolled out at this time.

For those interested in joining the Cryptics community, they can be found on Telegram, Facebook, Twitter, and Bitcointalk. Their official blogs are posted on Medium, and more technical details about the platform can be found in their whitepaper as well as Github.

Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.

Show comments(0 comments)