MaZee, your team of experienced ICO community managers and marketing experts.
Fiscal year 2017 has been a banner year for the cryptocurrency market. Currently, trading volume is valued in hundreds of billions of American dollars (USD). The price of Bitcoin has risen exponentially, recently achieving an all-time high of approximately $19,000 per coin in December, 2017. Altcurrencies such as Dash, Ethereum, Litecoin and Ripple have experienced similar explosive growth throughout the fourth quarter.
These digital currencies are gaining ground as viable options for everyday investors. However, in the short term the market remains volatile; it should be noted that Bitcoin’s historic high was followed by a rapid drop. Cryptocurrencies on the whole are vulnerable to external influences ranging from hacking to regulation to the movement of other currencies.
The price decline caused by surges and drops in the market can be a deterrent for potential investors. The hundreds of interdependent digital currencies and the 24/7 nature of the global trade create a challenging market. Making decisions to buy or sell can be an intimidating, nerve-wracking experience for an investor, with the real potential for huge gains or losses in fiat currency.
XchangeRate presents a solution: an intelligent algorithm or “robot” that helps investors navigate the complex cryptocurrency market and make expert decisions, all in one convenient platform. Data pipelines from plugins and APIs combine with unique, relevant metrics to detect market attitudes. Investors set buy/sell parameters and choose to make manual or automatic trades triggered by if/then conditions. Users are freed from having to make every decision and separately track trends and currencies. Instead, the XchangeRate robot makes intelligent decisions on its users’ behalf, enabling investors to trade popular currencies around the clock based on set criteria and interpretation of good data nalysis proprietary to XRR platform.