In the past year alone, market research has shown that cryptocurrency trading has increased nearly tenfold in its overall volume. This is because people are slowly realizing the true worth of these ‘new age currencies’. In addition to this, there are new services being launched everyday that allow us to make smarter and wiser investment choices (in relation to crypto's) so as to maximize our profits.
What Is Algory?
Algory can essentially be looked at as a ‘powerful multifunctional cryptocurrency trading tool’. It features a wide array of powerful algorithms that have been designed to increase trading efficiency. This software has been made in consultation with traders and other experts in the field so as to tweak the platform to better serve our needs. In all, there are 13 tools that have been built into the interface.
What Do I Get With Algory?
As mentioned in the previous section, Algory comes with 13 unique apps that are designed to address various important aspects of crypto trading. These include:
As the name suggests, this app has been created to make trading fully automated. In addition to this, the scanner makes use of versatile filters and alert mechanism that help us keep tabs on the market in real time. Owing to its amazing intuitive design, the scanner helps change how we decide which cryptocurrency to purchase. Technically speaking, there are more than 100 different filters and alerts that users can choose between and make use of. They allow us to closely analyze all the cryptocurrencies that are relevant to our trading strategy, thereby maximizing our potential profits.
Crypto News Reader:
Many people interested in cryptocurrencies can attest to the fact that it can be hard to keep track of news related to this domain. The news reader inbuilt into Algory has been designed to serve as a quick and advanced source of news from the cryptocurrency industry. When used well, it helps us collect all of our news in one place, be it news services, blogs, tweets, Reddit feeds, it helps amalgamate all relevant information onto one platform.
Another interesting feature of Algory is its capacity to monitor ‘cold and hot wallets’. This helps us to analyze potential sales in the market that might have resulted due to the transfer of large volumes of cryptocurrencies between wallets and exchanges. To make use of this analysis tool, all we have to do is ‘add the address of the wallet that we might be interested in’ and then track and make trades as and when we see fit.
A feature that makes Algory truly stand out from other trading tools is is its ability to backtest historical data so as to check how profitable our strategy has been. If used wisely, this application gives us insights into how the future may pan out, and how we should look to invest money in the coming future.
Other Important Details To Consider
Comes With An Inbuilt ICO Analyzer:
According to the official company page, Algory comes with an analysis tool that can help us scrutinize any potential investment project before we decide to support it. The ICO Analyzer is highly meticulous in its function and has been shown to check all aspects of the project before making an investment.
The platform delivers to us cryptocurrency rankings that are based upon analytical comparisons. We can choose our own list of cryptocurrencies, then make use of the tool to scan for news, movement, price changes relevant to that particular list. This helps us keep track of prices, and allows us to make smarter investment choices.
Algory ICO Details
There will be an initial token sale that will start on the 8th of December, 2017. The token is called Algory (ALG), and is a ERC20 Ethereum based blockchain. In all, there will be a total of 120 000 000 ALG tokens that will be issued. Also, there will be a hard cap that has been set at 100 000 ETH.
All contributions can be done only in the form of Ethereum. Tokens will be received as soon as a payment is made.