HOW CAN AI CONTRIBUTE IN THE CRYPTOCURRENCY SECTOR?

Though AI and Cryptocurrency relations are naive today but experts say that Artificial Intelligence technology can contribute to a lot of factors in the Cryptocurrency industry.

AI not only plays a significant role in the cryptocurrency market but also in other sectors of the fintech industry.

Big platforms like Hudson River Trading, Fetch.ai, and Jane Street, are expected to utilize AI-based technology in their day-to-day business functioning.

SOURCE: ANALYTICS INSIGHTS

Let's look at some of the factors of AI that are contributing to the cryptocurrency sector!

01.

01.

AI can help reduce fraud in the cryptocurrency market. Besides that, it speeds up the day-to-day transactions.

02.

02.

AI increases liquidity and decreases volatility in the Bitcoin market.

03.

03.

With the help of cloud computing and Big Data, AI can predict market behavior.

Though AI can be of huge advantage to crypto but it has its limitations too. AI has its uncertainties so, it is difficult to make accurate predictions of its future in the crypto market, states Analytics Vidhya, a data-based knowledge portal.

(SOURCE: ANALYTICS INSIGHTS)

For more articles on programming, visit our website!