Cryptics Platform Predicts Cryptocurrency Rates with 70%+ Accuracy

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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.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/cryptics-predicts-cryptocurrency-rates/