Developing an AI Powered Cryptocurrency Trading Platform

Posted By Khushboo Arora | 26-Jun-2019

Developing an AI Powered Cryptocurrency Trading Platform

Cryptocurrency trading is a rapidly growing business that enables investors, entrepreneurs and enterprises to exchange cryptocurrencies for assets like fiat money and other digital currencies. Blockchain developers merge artificial intelligence (AI) with cryptocurrency trading platforms to enable efficient and secure transactions.  

 

AI-powered cryptocurrency trading platforms enable investors to identify unique profitable patterns and trade accordingly. Brokers and traders can reinvest their savings in viable cryptocurrency projects using such platforms. 

 

Let’s take a closer look at the benefits of AI-powered cryptocurrency trading platforms.

 

Forecast and Predictions

 

AI-based cryptocurrency trading platforms can accurately forecast the value of an asset. Neural networks in artificial intelligence constantly crunch information about cryptocurrency exchange rates to adapt to market fluctuations by minutes, hours and days. It provides precise inputs investors need to manage their cryptocurrency investments better. 

 

 Transactions

 

AI-based cryptocurrency exchange platforms enable traders to effectively conduct transactions in the crypto market. AI precisely forecasts the risks and uncertainties associated with crypto trading, to minimize loses. It provides a comprehensive market analysis to channelize trader's direct investments towards greater profitability. 

 

Sentiment Analysis

 

Artificial intelligence influences crypto trading through sentiment analysis. AI-driven sentiment analysis includes technologies such as NLP, biometrics, and computational linguistics to evaluate the market sentiment of financial assets to make informed investment decisions. 

 

For instance, Napoleon X is an algorithmic crypto-asset manager that collects data about the emotional state of investors and markets mood. Its AI  predicts various emotions like surprise, anger, sadness, excitement, and fear. Napoleon X predicts the future value of crypto assets. It enables traders to accurately asses market volatility. 

 

Fundamental Analysis

 

Implementing AI-driven fundamental analysis to cryptocurrency trading enable stock traders to evaluate the health of the cryptocurrency market and companies that operate in it. It plays a critical role in evaluating the value of stocks to take better decisions.  

 

AI-powered cryptocurrency trading platforms augment investment decisions and provide inputs for diversifying risks. Investors can effectively monitor asset value and evaluate market predictions accurately. Another benefit of implementing AI to cryptocurrency trading platform is that it sorts large chunks of data in a short time so that traders receive real-time alerts. 

 

Would you like to improve your existing Cryptocurrency trading platform with AI capabilities? Contact Oodles technologies, we are a cryptocurrency exchange software development company in India with over 10 years of experience in next-gen technologies. Our cryptocurrency developers and researchers create efficient AI-powered cryptocurrency trading platforms to help clients serve their investors with real-time global insights and analysis. Contact us today for more details!

 
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