NASDAQ lists AI-powered crypto index

posted about 2 months ago
The world's 2nd largest stock exchange, Nasdaq, has listed the AI-powered crypto CIX100 index. CIX100 is a crypto market benchmark that uses a neural network algorithm to analyze data for the top 100 cryptocurrencies, taking into account over 200 factors. Reportedly designed to exclude coins with fake volumes and rankings, the “human-free” tool targets both industry newcomers and professional investors.

The data factors in the results of millions of trades alongside news releases and social media data. Cryptoindex CIX100 — which is already listed on Reuters, Bloomberg, and TradingView — has reportedly gained +1100% since its establishment in May 2017. Its AI-based predictions reportedly perform with 82% daily accuracy.
Tags: bitcoin, blockchain, news