The cryptocurrency market is erratic and irrational, and buyers and sellers are struggling to make accurate predictions in the midst of the chaos.
There is an immediate need for investors to make sense of price performance by leveraging patterns that generate alpha.
Cryptocurrency is often described as an emerging asset class that lacks financial fundamentals and is primarily driven by emotion, such as an overwhelming fear of missing out that accelerates trades or a loss of trust that slows trades.
With the total crypto market cap at $330B and growing, and its reported potential to go mainstream, understanding the market and capitalizing on the chaos can be extremely beneficial now and decades from now.
Real time delivery of data and deep insights into the top cryptocurrencies provides professional traders with the competitive edge they crave:
- Orenda’s correlation with cryptocurrencies, an asset class lacking financial fundamentals and mainly driven by emotion, captures price performance with more certainty.
- Orenda is continuously trained on evolving Crypto language to accurately quantify changing market sentiment and to forecast price performance.
- Orenda has been able to predict change at a minimum of three hours and up to a day before the market reacts. Orenda’s financial analysts report R-squares higher than 55 percent.