It was at the very beginning of the year 2021 when the cryptocurrency reporting sites shocked the entire world. It was announced that the cryptocurrency industry has managed to cross the $1 trillion market capitalization market. This is for the first time that the cryptocurrency industry has hit the $1 trillion mark.
The reason behind the cryptocurrency industry achieving this goal is because of the mainstream success and adoption the cryptocurrencies have managed to acquire.
Some of the major cryptocurrencies that have gained enormous adoption and mainstream attention include BTC, ETH, LTC, XRP, and BCH. Due to its constant upward trend, the industry has been gathering constant user-base and investments. On a daily basis, new investors are joining the crypto-verse.
Since the beginning of the year 2020, the user-base of the cryptocurrency industry has increased from 35 million to more than 100 million. There are many investors who have started considering cryptocurrencies as actual currencies. On the other hand, there are many who consider cryptocurrencies to be the most reliable investment asset.
Although the cryptocurrency industry is not as big as forex when it comes to market capitalization, yet the data that flows through the crypto-platforms is enormous. This is what makes it extremely difficult for the investors and even the analyzing bots to gather the data on a regular basis and process it.
The same goes for analyzing the data and running signals for cryptocurrencies based on the data collected. For the teams doing it on a daily basis, it is an extremely difficult job and a challenge that they have to face on a daily basis. In order to deal with the day-to-day data requirements, the users are required to have a vast amount of experience and knowledge in the crypto-field.
This is where exactly where Verox steps in and makes its presence known. It is a solution known for providing investment solutions to investors with its unique and top-notch technology.
Recently, the firm has announced that it is working on an Artificial Intelligence (AI) trading solution that will provide convenience and ease of trading to the investors. The concept of artificial intelligence in the cryptocurrency industry is completely new and has never been tried in the past.
However, Verox has taken the challenge upon itself to make it happen. With its technology, the firm is aiming to provide its users the luxury to sit back and relax while bots take care of their trading activities.
With the help of AI trading, all the users will be required to do would be to make deposits. The rest of the process will be handled by the bots. Whether is monitoring the trading markets, gathering data, running analysis, and generating signals, every task will be performed by the bots.
These bots will also make the right investment decisions and invest the users’ money in the right markets, choosing the right time, and the right asset.
The firm has confirmed that it will be launching its new project in the middle of the year 2021.