Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

New IBM Partnership Uses AI to Rank Top Cryptocurrencies and ICOs

by Daily Hodl Staff
June 27, 2018
in Altcoins

IBM announced a partnership with artificial intelligence company WatermelonBlock to create a market sentiment ranking system for the top cryptocurrencies and ICOs, designed to help crypto investors by providing real-time global insight and analysis.

Data scientists will work with IBM’s Watson AI team to develop, test and monitor cryptocurrencies and ICOs, creating a percentage and index score. The score will be derived by reading and categorizing big data sets across the web, targeting social influence and reach.

Cryptocurrency price action is heavily correlated with Bitcoin price swings and market sentiment. Social media encompasses trends, thoughts and opinions across a range of platforms including Twitter, Reddit, Facebook, Snapchat and many other forums. WatermelonBlock’s technology is predicated on the idea that speculative markets are driven by these online influences and that they can be harnessed by AI for detailed contextual analysis.

Cryptocurrency ratings systems are becoming more mainstream. China recently introduced a ranking of the top 30 cryptocurrencies. It published its second official cryptocurrency ratings index since the ratings began in May. EOS topped the list. Unlike the IBM-WatermelonBlock system, China’s system relies on the accumulation of a government score for innovation, technology and application.

Cryptometrics is another tool that allows investors and traders to review the raw number of Reddit, Twitter and Telegram participants for each major coin in order to gauge the vibrancy of online crypto communities.

IBM’s partnership puts the tech giant knee deep in the development, advancement and integration of cryptocurrency and its underlying blockchain technology as mainstream innovations. Last month it announced a collaboration with Veridium. Veridium’s digital asset, using IBM blockchain technology, aims to create more transparency in carbon credit accounting and offsetting. The token will be traded on the Stellar network.

IBM’s general manager of blockchain, Marie Wieck, has detailed how the widespread use of blockchain would have a $3.1 trillion-impact on the global economy.

The iOS and Android release of the premium version of the WatermelonBlock insights app is expected in the fourth quarter of 2018.

Related: Yahoo! Lists Bitcoin, Litecoin, Tron, Ripple, EOS and Others Among ‘Select Financial Stocks’

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund
    August 11, 2022
  • Metaverse, Web 3.0 Disruption and Blockchain Advancement To Be Discussed at MetaWeek in Dubai
    August 11, 2022
  • DeFiChain Community Brings Attractive Rewards for DFI ERC-20 Pairs on Uniswap
    August 8, 2022
  • Bware Labs Announces the Blast Incentivized Testnet, Code-Named Houston
    August 8, 2022
  • Aurigami Collects $12 Million War Chest To Grow Aurora-Based Lending Protocol
    August 2, 2022
  • Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network
    August 2, 2022
  • Serenity Shield and Digital Insights Announce Strategic Partnership
    August 2, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$24,600.59
$24,600.59
0.37%
Ethereum
$1,988.89
$1,988.89
0.7%
Cardano
$0.595353
$0.595353
9.56%
XRP
$0.387832
$0.387832
1.64%
Dogecoin
$0.074528
$0.074528
2.01%

Spotlight

  • BlackRock and Coinbase Deal Could Trigger Bitcoin Burst to $773,000, According to InvestAnswers
    August 8, 2022
  • Macro Guru Raoul Pal Sets Price Target for Ethereum (ETH), Predicts Slowdown of Inflation
    August 10, 2022
  • Shark Tank Investor Mark Cuban Hit With Class Action Lawsuit for Promoting Voyager to NBA Fans
    August 12, 2022
  • Crypto Markets To Face Biggest Test of 2022 This Week, According to Analyst Justin Bennett – Here’s Why
    August 8, 2022
Finance Magnates London Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl