- CryptoHawk is designed to monitor, analyze cryptocurrencies to predict price trends and alerts traders when change occurs
- DIGIMax recently added Altcoin Radar to its CryptoHawk trading tools arsenal to detect unexpected fast rises
The world of crypto trading is known for its volatility, with wild fluctuations within the market. DigiMax Global’s (CSE: DIGI) (OTC: DBKSF) CryptoHawk, one of the world’s most powerful and complete crypto price prediction indicator tools available, can provide a bird’s eye view of crypto investing, resulting in more efficient predictions (https://nnw.fm/sd1vw).
As cryptocurrencies grow in popularity, new investors entering the space will soon find out that crypto price forecasting is extremely challenging due to the market’s price volatility and dynamism. Those fast-fluctuating numbers have made millionaires of a lucky few, but delivered crushing losses to others.
“Since the beginning of October, Bitcoin had been above $50,000 — for many, a sign of an ongoing bull market — but Bitcoin’s flash crash last weekend — in part because of substantial leverage trading — surprised some,” reported a recent Decrypt article, which noted that “$1.79 billion of Bitcoin was liquidated within an hour, sending its value down to around $47,000 on Friday. Bitcoin prices returned to $50,000 around noon ET on Sunday after a week of hovering in the high $40,000s.”
CryptoHawk attempts to reduce some of these price forecasting challenges and is specifically designed to analyze crypto price trends and alert traders about key components that indicate the time may be right to enter the market. The innovative platform also helps traders decide whether to buy, sell, or hold the cryptocurrencies to reap the maximum benefits.
It predicts crypto price trends by using deep learning algorithms, which can discover hidden patterns from data, integrate them, and create far more efficient predictions. Most recently, DigiMax added Altcoin Radar to its CryptoHawk trading tools kit (https://nnw.fm/mKzkt). “The AI-driven Altcoin Radar lists the top 100 Altcoins that meet two essential criteria,” the company announced. “[First], the coin is available on a credible cryptocurrency trading platform; and [second], the coin is monitored for attributes that give it some likelihood of a near-term significant price increase.
“The top-monitored coins are listed in order of their coin momentum score,” the announcement continued. “The Altcoin Radar separates the coins into two lists. One list showcases ‘blipping’ coins on the radar that Altcoin Radar indicates as having the highest likelihood of rising in the market. The other list is continuously being monitored for changes in coin momentum. When applying and testing our new AI feature, we detected the early rise of both Shiba Inu and Dogecoin.”
The Altcoin Radar addition is the third predictive tool added to DIGI’s CryptoHawk arsenal, designed to create a complete and powerful AI system that supports three different trading styles. CryptoHawk also features Long-Short Indicators, designed for day trading, which detect a price direction that is assessed on the hour for a selection of established cryptocurrencies, and Trend Watch, designed for swing trading, which provides a rolling four-day outlook for a target high and low price prediction. CryptoHawk detects when the cryptocurrency’s current price reaches its next target prediction for the investor to act on their trading strategy.
“The CryptoHawk AI engine adds a considerable level of additional social media and crypto industry data,” the company noted. “By combining these data sources for Altcoin Radar, traders will gain higher confidence in our predictions.
DigiMax is an artificial-intelligence-technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive and cryptocurrency solutions across various verticals. DigiMax is an official IBM partner, and the company’s engineering team has extensive experience in machine learning, neural language processing and AI.
For more information, visit the company’s website at www.DigiMax-Global.com.
NOTE TO INVESTORS: The latest news and updates relating to DBKSF are available in the company’s newsroom at https://nnw.fm/DBKSF
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