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Around nine out of 10 crypto traders admit emotion and general sentiment has some impact on their crypto trading with 26% admitting it is the driving force, new international research from GNY.IO Limited, the leading blockchain-based machine learning business, shows.
GNY carried out the global study with traders trading at least $5,000 a month on cryptocurrencies and found on average they estimate 22% of their bad trades are driven by emotion rather than by analysing data. GNY has developed the free AI-powered Range Report, a cutting-edge machine learning tool designed specifically to forecast the volatility of the 12 top cryptocurrencies by leveraging multiple data points and advanced algorithms. GNY has further augmented the tool with the use of large language models...
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