The Crypto Market Letter, previously only available in Germany, will be available for global distribution starting December 1, 2021
CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) ("CoinAnalyst" or the "Company"), a company that provides an artificial intelligence-based big data analytics platform (the "Platform") which delivers detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators to investors in the digital asset sector and other industries, announced today the worldwide distribution of their Crypto Market Letter.
The Market Letter is based on the patented big-data insights technology, powered by the CoinAnalyst platform, which encompasses both fundamentals and Artificial Intelligence.
"Our Analysts actively monitor a simulated portfolio and the overall market and highlight a specific new coin each month. Our Crypto Market letter is modernizing newsletters and creating actionable insights," said Andrew Sazama, COO of CoinAnalyst.
The team at CoinAnalyst is comprised of seasoned analysts, who have delivered approximately 70% positive returns in the newsletter portfolio since April of 2021. Historical returns are not indicative of future results, but the experience of the team speaks for itself.
"Just like our insights platform, we started the newsletter after a conversation in our boardroom. With so many different options in the market, we set out to breakdown the space one asset at a time. Since its inception in April 2020, the newsletter selections have returned over 1100% on the simulated portfolio," said Thomas Reuter, Managing Editor of the Crypto Market Letter.
A recent study by data analytics firm Engine Insights showed that nearly 60% of Gen Z respondents to the survey believe they could become wealthy by investing in cryptocurrencies. "This generation has a greater acceptance and comfort with all things digital, so it is not surprising that they would be more comfortable with crypto," Kathy Sheehan, SVP at Cassandra, a division of Engine Insights, told businessinsider.com.
CoinAnalyst provides an artificial intelligence-based big data analytics Platform that enables investors in the digital asset sector and other industries detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators. The platform monitors and analyzes real-time data from the digital asset market (Coins/Tokens/NFTs/initial offerings). The software monitors news sources, tracks influencers, scans online social media, and provides sentiment analysis, forecast and trade signals on the top 300 digital assets (more are added regularly). Additionally, the software system provides news, price quotes and allows for messaging. A mobile version and professional terminal are in development with expected availability in Q1, 2022. The Platform is accessed through a monthly subscription model, which ranges in price depending on the plan. The plans include basic, professional, and corporate. The Platform is sold through business-to-consumer (B2C) and through business-to-business-to-consumer (B2C2C). To Learn more about CoinAnalyst: www.coinanalyst.tech.
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This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Forward-looking statements in this news release may include, but are not limited to, statements with respect to internal expectations, the Company being able to successfully execute its business strategy, statements regarding the development of a mobile version of the Platform and professional terminal, the continued availability of capital and financing, and general economic market or business conditions. The forward-looking statements and information are based on certain key expectations and assumptions made by management.
Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, general economic conditions, the state of the regulatory environment in which the Company operates, competition, loss of markets, inability to access sufficient capital from internal and external sources, currency and interest rate fluctuations, and other risks. Please refer to the Listing Statement for more details on the risks faced by the Company. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward- looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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