Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

AI Tech Firm Invents Bot that Analyzes and Predicts Crypto Movement

Published 02/22/2023, 06:37 AM
Updated 02/22/2023, 07:00 AM
AI Tech Firm Invents Bot that Analyzes and Predicts Crypto Movement

  • INSAI is in the final stages of testing to launch v2, a Telegram bot.
  • This AI-powered tech will provide analyses and predictions for any token address.
  • INSAI also released v1.0, which forecasts cryptos price movement in CoinMarketCap.

As AI technology makes a mark in the world with its revolutionary technology, many organizations seek innovative solutions that could benefit future generations. One such organization is INSAI.

INSAI is a team of developers and engineers that has created a machine learning-based algorithm which can accurately analyze a range of parameters to predict the price of cryptocurrencies. The company has just announced its plans to introduce a new bot by merging two new techs, AI and blockchain. The team discloses that INSAI is in the final stages of testing to launch v2, a Telegram bot.

The AI-powered Telegram bot is designed to provide analyses and predictions for any token address on the blockchain. Recently, the company released its first utility, v1.0, which provides the forecast for cryptos in CoinMarketCap.

Addressing INSAI’s entrance into the market, the team points out that the project’s success in the market is evidenced by the launch of its native token, INSAI. The company’s native token witnessed a market cap of over $400,000 on its first day.

“INSAI is making waves with its cutting-edge predictive AI technology,” says a team representative. “The team of talented developers and engineers behind INSAI has created a machine learning-based algorithm that can accurately analyze a range of parameters to predict the price of cryptocurrencies.”

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The team also believes that the INSAI beta will provide reliable and accurate predictions on cryptos for traders. This indicates that INSAI is focused on delivering crypto traders and investors with data-driven insights to make investment decisions.

Furthermore, INSAI aims to contribute to blockchain’s mission for global adoption through market analysis. They also expect to reduce market volatility and improve stability for more accurate price forecasting, thus, improving access to blockchain trading opportunities.

Some AI cryptos observed a double-digit and triple-digit surge at the beginning of this month denoting the sudden interest in AI tech. Market analysts believe that this surge was because of ChatGPT’s sudden craze. Many experts foretell the mass consumption of many revolutionary techs such as AI and blockchain in the future.

The post AI Tech Firm Invents Bot that Analyzes and Predicts Crypto Movement appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.