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Bitcoin Bulls Storm Back with a Vengeance

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Welcome to the 39th issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypt
 

Quantamize

March 29 · Issue #39 · View online
Quantamize Cryptocurrency Weekly Recap

Welcome to the 39th issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypto news you need to know. At Quantamize, we are seeking to level the playing field for individual investors with AI-powered Multi-Factor models across multiple asset classes, including Cryptocurrencies. If you have any feedback on this weekly report please send us a note at suggestions@quantamize.com.

Every day at Quantamize, we track the top stories that affect cryptocurrencies and the emerging blockchain ecosystem. At the end of the week, we review all the news to give you a clear picture of what was most important.


Quantamize Weekly Crypto Recap
Bitcoin Bulls Storm Back with Vengeance!
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The Week in Review
Cryptocurrencies are poised to finish the week ending 3/29/2019 mostly positive with the price of Bitcoin (BTC) higher by 1.41% to just below $4,100. After BTC gave up the crucial $4,000 price level on Monday, bulls stormed back with a vengeance and have supported the benchmark coin well above $4,000 since Thursday. EOS (EOS) and Cardano (ADA) led major coins in gains this week, each soaring more than 18% since last Friday.  

Cryptocurreny rankings dominated the conversation among industry pundits this week as the Chinese government released its 11th cryptocurrency ratings and Weiss Crypto Ratings published a new ratings report. China’s 11th crypto ratings ranked EOS as the #1 cryptocurrency, TRON (TRX) as the #2 cryptocurrency, and BTC as the #15 cryptocurrency. Meanwhile, Weiss Crypto Ratings, who assigns cryptocurrencies with letter grades, awarded top “A” scores to only BTC, Ripple (XRP), and EOS. Did these ratings drive EOS to outperform this week? 

Of the 30 cryptocurrencies we model using AI and Machine Learning, 22 are positive for the week. Currently, 15 cryptocurrencies modeled by our Machine Learning algorithms are rated as “Buy”. Nearly all of these models have accuracy scores above 60%!

If you’re a cryptocurrency trader, Quantamize’s AI Machine Learning 3-Day Crypto Trading Signals were updated three times this week, most recently today. We model 30 cryptocurrencies and produce directional “Buy”/“Do Not Own” trading signals that help cryptocurrency traders navigate the crypto markets over the short term. You can find a screenshot of our Crypto Signals below. A few highlights include:

  • Bitcoin (BTC) –Do Not Own with an accuracy rate of 61.66%
  • Bitcoin Cash (BCH) – Buy with an accuracy rate of 66.92%
  • EOS (EOS) - Do Not Own with an accuracy rate of 62.17%
  • Ethereum (ETH) – Buy with an accuracy rate of 58.37%
  • Ethereum Classic (ETC) - Do Not Own with an accuracy rate of 63.32%
  • Litecoin (LTC) – Do Not Own with an accuracy rate of 65.22%
  • Ripple (XRP) – Do Not Own with an accuracy rate of 62.06%

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Comparing Mining Profitability vs. Average Transaction Fees in Top Cryptocurrencies
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CNBC: IBM Forays Into Blockchain Payment Systems
LC Lite Connects Importers and Exporters with Blockchain
CNBC: BofA COO and CTO Discusses Blockchain
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