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Bitcoin, blockchain, initial coin offerings, ether, exchanges, cryptocurrencies and other unsecuritized junk are all the hype of media, online forums, and perhaps even daily conversations and depressions nowadays. The hype is mostly the main factor driving these terms to the forefront. That and the market cap which has breached the $300 billion mark recently.

 

Originally known as havens for criminals, terrorists and money launderers, cryptocurrencies have gained popularity as their technology has evolved and gained momentum. Statistics show that the market cap grows by $3 billion per day and with it, the price of cryptos grows as well. The technology behind cryptocurrencies truly does have promising applications in various sectors, including government, military, even media.

However, cryptocurrencies remain controversial. Critics, including economist Paul Krugman and Warren Buffet have called Bitcoin “evil” and a “mirage”. Some others, such as venture capitalist Marc Andreessen, have called them “the next internet.” For every person declaring that cryptocurrencies are a bubble waiting to burst, there is a legion of speculators claiming that they are here to stay. At its most basic, cryptos are but another trend in fintech with just as many repercussions as possibilities. However, the issues are worrying, including accountability in accounting, security and regulation by applicable legislation.

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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.

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