Cryptocurrency Markets today
Cryptocurrency markets have exploded in popularity this year.
As of the first of January 2017, the total cryptocurrency market capitalization was $17.6B. As of the second of September, this figure was hovering at $170B before sharply correcting back to $98B as of 15-September-2017.
This is more than a 10x increase for the entire market, followed by a forty percent (40%) correction for the market as a whole before rebounding twenty-four percent (24%) to its current market cap of $124B (as of 17-Sep-2017).
The term “volatility” doesn't quite do it justice.
Although the recent increase in the market cap of cryptocurrency as a whole has been substantial, the size of the entire industry is still small compared to the forex and equitiy markets. In fact, the size of the entire cryptocurrency market cap is still less than the $180B market cap of Phillip Morris (PM), a single company in a strictly regulated industry (tobacco)... That should put things in perspective.
In conjunction with the increase in market capitalization, there has been a large increase in in daily crypto trading volume, which has exploded from $130M to upwards of $9B, a 69x increase. Yes, this increase absolutely seems bubbly, nay, frothy. However, we believe that that this growth will not only continue, but will continue to do so at an exponential rate. Cryptocurrencies are here and they are volatile.
Most people tend to overlook the technology that is powering cryptocurrency: blockchain. Perhaps the single greatest argument for the longevity, and eventual dominance of cryptocurrency, is the peer-to-peer decentralized network that is the true legacy of Bitcoin. The non-currency, real world potential of blockchain appears poised to fundamentally change the internet, healthcare, legal practices, in ways that may even overshadow the way it is already changing finance. Exciting times indeed!
The Issue with Cryptos
Overall, we’re quite bullish on Cryptos in general and their adoption by society. However, these markets are young, volatile, borderless, and available 24/7 - and are rife with inefficiencies. The good news is that the Crypto markets are still in their infancy and we are only now beginning to see an influx of institutional interest. This means that there are significant returns to be had for the opportunistic trader - especially when compared with other more traditional markets.
As one might expect, the potential for significant returns has created a surge of new interest and new market participants. Liquidity and market participants are, on balance, a great thing; but when demand outpaces supply and information isn’t always reliable (or even available), all markets become inefficient, and traders become desperate for ways to maximize their earnings. Such conditions can quickly lead to frustration, which in turn, can foster failure and/or burnout.
There are thousands of alt-coin price movements across multiple exchanges, which is just the initial torrent of data users must ingest to effectively trade Cryptocurrency. The most experienced traders rely on a host of services to help them derive insights from the slew of market indicators popping up constantly.
We have recognized the need to develop an intelligent tool to help monitor all the data that is available in the cryptocurrency markets, and thus have created Intelligent Trading Technologies (ITT) to do all the heavy lifting and truly add value to the crypto trader’s arsenal.
The goal of Intelligent Trading Technologies is to empower traders with consolidated cryptocurrency market predictors served by our fleet of AI-powered data bots orchestrated to produce intelligent insights from a vast world of real-time data. We want to empower every novice trader with consolidated insights on when to buy, sell, or hold their diverse portfolio of coins. Intelligent insight requires using deep learning and statistical analysis to communicate a “why” behind each market predictor.
ITT employs state-of-the-art data science tools and neural networks to provide actionable real-time trading signals for success in the cryptocurrency markets. These disruptive technologies are constantly and consistently changing our lives. It’s time to leverage these technologies into Cryptocurrencies.
ITT trading bots can be customized to cater to individual users’ preferences for time of day, trading volumes, risk level, and preferred trading frequency, just to name a few. ITT assists all traders, beginners to experts, by monitoring all the relevant information, 24/7, on their behalf. ITT takes that information and creates actionable trading alerts on which users can easily informed, and critically, accurate, decisions .
Our intelligent bot (Tier 2, scheduled to be released 4Q17) will be capable of self-programming and reprogramming to match changes in the market, adjusting indicator weights, and continuous optimization as an agent motivated solely on maximizing users’ hourly return rates.
Meet the team
The ITT team is made up of professionals in artificial intelligence, asset management, capital markets trading, algorithmic trading, quantitative finance, and software development – all coming together to deploy this new state-of-the-art platform.
Please check out our website or whitepaper for the entire team's bios and LinkedIn links. Below are a few key members:
Our co-founder Tom has been busy lately. He has joined up with other startups in the area (ITT, Crowdholding.com, and Aztrana.com) and is soon launching ITT's new home with the establishment of the "Blockchain Hub" in Prague, Czech Republic.
Blockchain Hub is a business incubator that helps new and startup blockchain projects to develop by providing dev services, management training, and office space. Incubation at Blockchain Hub provides a unique and highly flexible combination of business development, infrastructure, and advisors in legal and finance designed to nurture blockchain projects, helping them to survive and grow through the difficult early stages of development. The collaborative environment is designed specifically to help the projects synergize and succeed.
TOKEN SALE ENDING TODAY, 17-SEP-17
Start Date: 18-August-2017
End Date: 17-September-2017
Cap: $4.2MM denominated in ETH/BTC
Tokens: “ITT”, ERC-20, Ethereum Blockchain
21,000,000 Tokens created. 75% available during the Token Sale.
The ITT team will use the token sale funds to further improve our trading alert platform, rolling out new and exclusive bots only available via the ITT Platform with subscriptions payments payable using ITT tokens.
ITT’s Platform is the ultimate trading assistant using artificial intelligence to cut through the noise and distill cryptocurrencies’ relevant data into actionable trading ideas for your execution. Don’t get overwhelmed by the information available and check out Intelligent Trading Technologies (ITT) today.
Learn more today and join the conversation:
Website: http://intelligenttrading.org/
Token Sale Site: https://token-sale.intelligenttrading.org/
Facebook: https://www.facebook.com/ITT.Token
Twitter: https://twitter.com/ITT_Token
Slack (join): https://itt-token-slack.herokuapp.com/
Slack (team): https://itt-token.slack.com
Github: https://github.com/intelligenttrading
Reddit: https://www.reddit.com/r/ITT_Token/
WARNING: Trading in or purchasing cryptocurrency, tokens—including ITT-Token—entails significant risks. This risk disclosure statement cannot and does not disclose all the risks involved in purchasing, holding, or trading in Tokens. Furthermore, any and all information provided herein does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the content as such. Accordingly, this blog post is not a recommendation that any Token be bought, sold, or held. Nothing said herein should be taken as an offer to buy, sell, or hold a Token. Also please note that ITT-Tokens will not be offered in the United States or China and will not be offered to citizens of China or the United States, regardless of current living situation.
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Cryptocurrencies make our money transactions easier and charges are cheaper
charges seem to be more in my experience
This trading tokens has a good future
This seems interesting what are the fees though? The site offers a lot of information but I am having trouble to understand what the fee's or subscription cost is.
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