The altcoin that's caught my eye today is Cortex (CTXC). It led the top 100 crypto gains with a 35% surge. I'm bringing this crypto up because of the nature of their algorithm. If done right, they could be on the path to conquer the crypto world.
Cortex (CTXC) Overview
Ranking 76 on the market cap list, Cortex is an AI (artificial intelligence) platform built on the blockchain. It is built on a public chain called Cortex, which includes AI algorithms that support smart contracts. This means anyone can use Cortex to add AI to their smart contracts.
If you’re tech-savvy like me, you’d know that AI is considered the future.
That’s why Cortex could be onto something. We have previously covered some of Corex’s competition, including Golem (GNT) which also focuses on the same area, and reduces costs for subjects of scientific research, big data analysis, graphics rendering, machine learning, AI.
The goal of Cortex, however, is to create an “artificial general intelligence” (AGI) on their platform. Cortex allows machine learning researchers around the world to upload well-trained corresponding data models to the storage layer of the Cortex public chain.
CTXC Technical Analysis
Looking at Cortex token, CTXC price action, after reaching the all-time-high level of $2.4 in April, appears to have bottomed out at $0.48 with the recent surge. No further technical analysis is available since they are not yet listed on TradingView's charting platform.
As the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio.
Don't forget to complete your risk management due-diligence before developing your investment strategy.
*This article was originally published here.