The technologies applied on the Cryptics platform include R, the Python programming language, Keras, Tensorflow, Clickhouse, PostgreSQL, Websockets, and the REST APIs/RESTFull).
The analytical component of the Cryptics platform has the following characteristics:
- Key factors will be collected from multiple data sources, and provide an optimal number of quantitative indicators to evaluate the cryptocurrency selected by a customer.
- The provided data shown by indices with the probability of influence on the market and on separately selected cryptocurrencies. In other words, the user gets aggregated data with maximum insights.
- Global indicators, such as total market capitalization, number of current coins available for bidding, number of active markets, total sales volume and the percentage of market capitalization for selected cryptocurrencies, are meaningfully tied to the events and moods of market players: users, traders, cryptocurrency holders, miners and developers of cryptocurrencies. Thus, the system provides the user with not just raw numbers, but the history and meaning of events associated with them.
- In the user’s account, the user will see the results of trading and the efficiency of forecasts, as well as what data was used to compile manual, semi-automatic and automatic portfolio transactions for the selected period.
The unique feature Cryptics will provide is a set of reliable forecasts developed by Cryptics team of data scientists. The system could be used by our client in their strategies. Besides relying on quantitative market data for forecasts, Cryptics also uses non-quantitative data from selected lists of news sources and social networks accounts to estimate the market sentiment, which is of extreme importance not only for the most of altcoins, but also for some main currencies.
The Cryptics forecast engine has the following characteristics:
- Sales forecasting charts for the selected cryptocurrency in a convenient time frame, taking into account the user’s settings for the trading strategy (budget, risks, correlation, trading frequency, etc.).
- The forecast of changes of the main market indicators for the selected cryptocurrency is built on a stream of data from the entire market and represents a powerful and reliable tool for constructing an individual portfolio of cryptocurrency for trading or cryptocurrency acquisition purposes. To distinguish media noise from key events and interpret them in the context of changing courses, building reliable forecasts for the interest of each Cryptics user is one of the main tasks of the project.
- The quality of forecasting grows with every forecast, transaction, any signal on the market and in the community due to the built-in machine learning algorithm that collects information and compares it with previous forecasts.
Cryptics has already released its minimal value product (MVP), which offers necessary instruments for alleviating the situation with uncertainty and becoming a functional product on the crypto market.
Cryptics maintains the concept behind of supporting market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies. The Cryptics MVP demonstrates a fully functional dashboard for users and already highlights the main advantages of the system and its main competitive factors:
- High frequency trading forecast, day-to-day forecasts with high accuracy and a profit & loss calculator.
- Social media analysis for the forecast engine, allowing the program to analyze data flows from the internet, pinpointing key terms and evaluating them on a complex scoring model using machine learning and AI.
- The analytical part is a key element of the Cryptics system as experience indicates that cryptocurrency prices are largely formed by hype, social behavior and speculative factors that propagate in a viral manner throughout the internet.
- Technical analysis is also integrated into Cryptics algorithms as AI forecasts indicators such as RSI, MACD, Bollinger bands, Ichimoku, SMA, EMA and etc. The Cryptics MVP dashboard allows for intuitive and user-friendly selection of primary and secondary assets, exchange facilities and allocation of overall trading budgets. After the initial setup, the system allows receiving forecasts graphically and the inbuilt bot conducts trades according to the selected strategy. The statistics calculator allows depicting the number of accurate and inaccurate forecasts in conjunction with the social module, which shows influence of social signals on a particular currency and the chosen strategy. Video presentation is available on our YouTube channel: https://youtu.be/INMF-WXg9E4
The release of the Cryptics MVP is a milestone for the project and allows all potential trades and investors the opportunity to evaluate the efficiency and functionality of the fully operational product that does not have any real competitors or analogues of complexity and efficiency on the market.
Though the crypto market is still relatively new and lacks many of the traditional institutions of a civilized market, there are projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects. Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty. The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies. Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with. The multitude of factors involved in predicting a cryptocurrency’s rise or fall are all taken into account by the algorithms that Cryptics employs. Investors should consult such projects as the expense is well worth the ensured profit and peace of mind.