Cryptocurrency Data Firm Nomics Launches AI-Driven 7-Day Price Predictions

Cryptocurrency data firm Nomics is applying artificial intelligence to the often chaotic world of cryptocurrency trading. 

In an announcement on April 23, Nomics introduced an AI system that makes seven-day cryptocurrency price predictions. The firm claims this makes it the first to share crypto asset price predictions generated by a machine learning (ML)-based AI system.

Clay Collins, the firm’s CEO, told Cointelegraph that the predictions are meant for retail investors looking for ML predictions, and should not be taken as gospel:

“These predictions are not investment advice. Investments and trading in crypto assets involve substantial risk of loss and is not suitable for every investor.  These predictions should be used as one of several indicators to inform opinions about future price movements.”

Collins believes that this kind of AI can — and will — do more than just guess the future price of assets:

“Machine learning will increasingly be layered on top of crypto…