London, UK - The British FinTech company behind a new AI driven crypto ratings platform called evai.io have released their first ratings report assessing the $2.3 Trillion cryptocurrency sector in 2021 with a special focus on analysing the performance of leading crypto, NFT, DeFi and Metaverse tokens in Q4 2021.
Launched in May 2021, the Evai.io free to use platform uses a combination of world-renowned economic research, machine learning and Artificial Intelligence to assess the financial health of over 1,000 cryptoassets. Ratings on the platform are generated daily against several key economic factors that are evaluated by AI and machine learning, before each asset is awarded one of eleven possible ratings, from A1 down to U.
The Evai A1 rating (“A1”) denotes cryptoassets of the highest technical and quantitative characteristics. B rating refers to cryptoassets that have a solid composition, while C rated assets are below average, and the lower categories of D and U relate to cryptoassets that are either distressed or unrateable due to a lack of fundamental data needed to process a rating accurately.
Moving beyond the media headlines and social hype, did the Evai autonomous rating protocol free from human bias detect underlying value in the fast-growing cryptoasset sector in 2021? Key findings from the report have been summarised by the experts at Evai.io.
Top 10 Cryptoassets
Assessing the results of the first Evai.io cryptoasset ratings report, Matt Dixon, CEO and Co-Founder said: “2021 has played host to another spectacular year of growth in the cryptoasset market as the number of assets has reached over 13,000 with the market cap pushing over the $2 Trillion mark. The rise of NFTs and new era of the Metaverse have expanded the number of entry points available to investors beyond Bitcoin and a handful of well-known cryptos”.
He added: “As new and existing investors continue to seek reliable and unbiased sources of information to assess the value of digital assets, we wanted to take a look back over the debut year of the Evai ratings to evaluate the performance of our AI and machine learning driven ratings. Removing human bias and hype, we have begun to demonstrate the valuable role independent ratings can play for investors in this fast-moving sector”.
To find out more about the evai.io unbiased AI and machine learning powered crypto ratings and how to use them as part of your cryptoasset investment strategy head to evai.io and the official YouTube channel for platform demonstrations, latest news and interviews with thought leaders and innovators in the crypto space.