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The End of Crypto Winter?

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Welcome to the 40th issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypt
 

Quantamize

April 5 · Issue #40 · View online
Quantamize Cryptocurrency Weekly Recap

Welcome to the 40th 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.


VIDEO: Cryptos Breakout, But Is It Too Late To Buy?
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The Week in Review
It was an eventful week for cryptocurrencies as the broad market saw its best rally of 2019 that sent most major coins to price levels last seen in November 2018. Bitcoin (BTC) soared by more than 22% during the week and the major coin is trading just below $5,000! Bitcoin Cash (BCH) was the biggest benefactor of this week’s cryptocurrency rally, meanwhile, as the major altcoin appreciated nearly 70% from last Friday to about $285 – from its low in December, BCH is up more than 270%! 

Although there are several theories as to what drove the breakout in crypto asset prices this week, industry experts have yet to reach a consensus answer. What is perhaps the most popular theory suggests that an order for 20,000 BTC, placed across 3 US exchanges and worth about $100,000,000, spurred the breakout in crypto asset prices. An article from Bloomberg, meanwhile, theorizes that algorithmic and quantitative crypto trading magnified the breakout in crypto prices – since September 2018, 17 new algorithmic and quant funds have entered the cryptocurrency industry.

Of the 30 cryptocurrencies we model using AI and Machine Learning, all are positive for the week. Currently, 9 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 Thursday. 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 61.77%
  • Bitcoin Cash (BCH) – Do Not Own with an accuracy rate of 67.51%
  • EOS (EOS) - Do Not Own with an accuracy rate of 61.36%
  • Ethereum (ETH) – Buy with an accuracy rate of 58.07%
  • Ethereum Classic (ETC) - Do Not Own with an accuracy rate of 63.69%
  • Litecoin (LTC) – Do Not Own with an accuracy rate of 65.27%
  • Ripple (XRP) – Do Not Own with an accuracy rate of 63.07%

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Madman's New Paradigm
Comparing Hashrate vs. Average Transaction Value in Top Cryptocurrencies
Quantamize Weeky Crypto Recap
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Bitcoin Surges Most Since Late 2017
Bitcoin Is Catching On Fast Outside of U.S., BitPay's Singh Says
Bitcoin Surged 20% overnight, 'Mystery Buyer'
Tom Lee: What Bitcoin's April Rally Might Mean For 2019
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