Researchers created AI-powered crypto portfolio management system that utilizes on-chain data for training
A pair of researchers from the University of Tsukuba in Japan recently built an AI-powered crypto portfolio management system that utilizes on-chain data for training, the first of its kind according to the scientists. Called CryptoRLPM, short for “Cryptocurrency reinforcement learning portfolio manager,” the AI system utilizes a training technique called “reinforcement learning” to implement on-chain data into its model.
Screenshot of pre-print research, 2023 Huang, Tanaka, “A Scalable Reinforcement Learning-based System Using On-Chain Data for Cryptocurrency Portfolio Management.” Screenshot of pre-print research, 2023 Huang, Tanaka, “A Scalable Reinforcement Learning-based System Using On-Chain Data for Cryptocurrency Portfolio Management”
The development of artificial intelligence is expected to have a massive impact on the further development of the cryptocurrency market. The crypto industry has been growing massively over the past few years, attracting numerous new clients around the world. Among many reasons why the market is becoming so popular is the fact that it is very easy for newcomers to get started in the crypto industry.
Today, traders do not have to have much experience in the crypto trading market to make some profits from it. There are numerous crypto exchanges in the market that offer traders the opportunity to take advantage of algorithmic trading. This is a very useful offer for those who do not have enough time to constantly monitor the market, or simply do not have enough knowledge and experience in crypto trading. These people can easily get a bitcoin auto trader bot and let it make profits for them.
As the market continues to grow, there are more and more automated trading robots created for the cryptocurrency trading market. Artificial intelligence and its further development can make it even easier for beginners to start trading cryptocurrencies. Today, AI is already very actively used in the crypto market, but many experts believe that this is just the beginning and the adoption of AI in the crypto market will continue to grow massively in the upcoming years.
