Insights: AI crypto ratings vs The bear market

Insights: AI crypto ratings vs The bear market

As crypto adoption begins its journey towards one billion users, lessons from the traditional financial sector have inspired the development of a new decentralised approach to financial ratings that embraces the predictive power of artificial intelligence (AI) and machine learning (ML). Based at the DMCC crypto centre in Dubai, Evai has embraced the bear market and used it as a proving ground for a crypto ratings model that combines world leading academic and economic research with industry-leading technology. The outcome is a platform that is built to tackle the toughest market conditions that will help users build crypto portfolios, minimise risk and inform profit making trading decisions. In the investment world, information is power and the Evai Ratings model has passed the empirical test, identifying value in the bear market which has seen the price of Bitcoin (BTC) fall from $69,000 to below $20,000 for the first time since December 2020. Like a bear with a sore head, the crypto market has been suffering a hangover from recent announcements coming out of the US which have been compounded by the high-profile headaches caused by $LUNA and Celsius Network. Traders have been left searching for ways to navigate the economic headwinds,