The year was 2008. The world saw a new invention- Bitcoin (which ultimately marked the beginning of cryptocurrency), developed presumably by a pseudonymous developer Satoshi Nakamoto. Although it did not gain traction immediately, today cryptocurrency is a huge digital asset. Many people who were smart enough to invest early on gained their share of profit many years later when the prices of Bitcoin hit a record high. Now, Forbes has a section of crypto tycoons with names like Winklevoss brothers, Michael Saylor, Matthew Roszak listed, among others.
But as they say, little knowledge is dangerous. Cryptocurrency has become such a digital rush that many jump into the trading process without understanding the market. There is a lot of information one needs to process before investing in a digital concept. Some people are not even aware of the risk they are exposed to when they begin trading. But for financial goals, people risk everything they have, hoping to turn their hundreds to thousands, and thousands to millions.
The market is highly volatile. A brief second can wash out everything you have. Additionally, with thousands of symbols, it is humanly impossible to capture all opportunities. So, how do you choose what pairs to trade on? What is the correct way to understand the sentiments of the market? What if we can leverage technology to understand the market and make the best trading decisions?
Sharing insight about the platform Manav Bajaj, Founder – Panther Quant says, “Panther Quant is the first revolutionary blockchain-based Algo trading platform that uses AI-enabled sentiment analysis on the live crypto market. It helps traders hedge against crypto trading risks by giving them premium quality sentiment and artificial intelligence-based analysis of the market. The platform aims to make crypto trading profitable regardless of the market conditions. The crypto trading bots rely on superior technology and base their suggestions on historic data about the markets and how people have traded in the past.”
The AI-based sentiment analysis gets all the required information from various sources and platforms like Twitter, Discord, Reddit, news & blog sites like Cointelegraph, Coindesk Messari etc and study even the emojis used to define the sentiment around the tokens, all in Real-Time insights. The platform is also set to introduce the first NFT marketplace where users can convert their successful strategies into NFTs.
“In many ways, 2021 has been a breakthrough year for cryptocurrency. Bitcoin hit multiple high-time records, new regulations were made, El Salvador became the first country to adopt Bitcoin as a legal tender and more advancements were made. Tremendous attention has been paid to the crypto market, and it’s the best time to start investing in and trading,” concludes Bajaj.
If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]