When it comes to artificial intelligence, every industry and market is impacted by the emerging technology. We saw glimpses of what AI could do over the course of the 2010s, but now, AI is everywhere. One place we’re seeing a rise in usage and utility is within the cryptocurrency market. 
Author: Chloe Kirby, writer and digital marketing professional
There’s going to be a period of growth within crypto that sees AI-managed systems become the new norm for managing financial products. We’re going to continue to see improvements to AI-based systems that work to mine, sell, and track crypto with increasing accuracy and efficiency. When it comes to AI inside of the cryptocurrency market, machines will soon have a grasp on everything from watching bitcoin price to pinpointing emerging currencies worth our attention.
With the influence of AI in crypto markets coming to full fruition, where can we expect to see the most impactful partnership between technology and this promising financial sector? Let’s explore how artificial intelligence and the cryptocurrency market are going to work together to usher in a new age for the already trend-heavy sector.
A Perfect Match – AI and Cryptocurrency
Technologies like Blockchain and other AI-based systems are going to transform cryptocurrency as we know it. We’re seeing a huge increase in investments for AI technology as it pertains to crypto and the efficiency and profitability of crypto mining. Even the most basic AI systems can now track crypto prices and spot waves of promising evaluations via machine learning. The interesting thing is that we’re no longer just seeing AI play a role in transactions of cryptocurrency. 
Analysts expect that AI-based ledgers are now going to be able to manage both private and public blockchains to transform the use of corporate cryptocurrency processes. While crypto is seen as a fuel for startups and individuals, corporations like Tesla are investing in cryptocurrency for its promising outlook on the financial world. New permission-based blockchains that work via an invitation process are going to become faster ways for companies to utilize cryptocurrency transactions as a means of sustained growth.
How can major companies continue to monitor crypo markets while running seemingly endless aspects of a major business? AI-based blockchains that manage data as a means to validate and complete transactions is the key. Validating a transaction is very important should a…

Source: https://swisscognitive.ch/2021/07/20/ai-and-cryptocurrency/