Alphacat Releases Cryptocurrency Risk Analysis Bot (CRAB) And The ACE Top Index In Its 2018 Progress Report
Alphacat Releases Its 2018 Progress Report, Announces Cryptocurrency Risk Analysis Bot (CRAB) And ACE Top Index Applications
Alphacat has released its 2018 progress report and announced two amazing applications for its community. Through an official Medium post, Alphacat announced the release of ACE Top Index and the Cryptocurrency Risk Analysis Bot (CRAB), applications developed by its able team.
Cryptocurrency Risk Analysis Bot (CRAB)
The CRAB works in an interesting way. The tool can assess the relative difference risk between a pair of currencies, revealing any possible reasons for their differences. It achieves this through calculating a number of risk indicators and analyzing historical transaction data.
The idea of CRAB is to help ordinary investors who want to put their money in cryptocurrencies to pay more attention to the market risk of those particular currencies. It also helps nurture a mature and scientific tactic for investing.
The post stated that:
“This tool can comprehensively assess the relative difference in risk between two different currencies, thus revealing the possible reasons for the difference in risk suggested.”
Alphacat also gave a glimpse of the final data produced by CRAB, showing the difference in risk between BTC and Ethereum. According to the company, the whole idea is to allow users to have a more complete and better profile of cryptocurrencies that would be most profitable, as well as a deeper understanding of the digital currency they wish to invest in.
ACE Top Index
This is an application with an index derived from a number of cryptocurrencies, using scientific calculations to come up with an aggregated value in real time. It works by comparing all the recent historical trends of crypto indexes and then analyzes the difference. The idea of this is to allow investors to have a complete and better profile of the most trending cryptocurrencies, not to mention a deeper understanding of the characteristics of the digital currency.
Alphacat also gave a preview of this tool as well, giving an example of Ethereum and top 10 trending cryptos. Here’s a glimpse of the application.
To test these Alphacat services, the company has given registered users the option of enjoying three free predictions every day. However, for those who want to access more services, they can purchase the option by following all the instructions on the platform.