DigiMax Reports Early Results Of Crypto Price Trend Predictor Tool

DigiMax Global (CSE: DIGI) this morning provided an update in relation to its crypto-related assets. The company reportedly has continued to see growth, while the artificial intelligence platform it has established, CryptoHawk, has seen strong performance as of late.

The firms crypto price trend predictor, referred to as CryptoHawk, has reportedly seen strong performance during the month of June. The platform, which predicts the price trend of bitcoin and ethereum, has seen returns show improvements of 32.3% and 34.7%, respectively, over that of a buy-and-hold strategy during the first month.

Effectively, Cryptohawk so far has seen subscribers mark gains of 20.6% and 5.6% in the value of their bitcoin and ethereum, respectively, compared to the coins losing 11.7% and 29.1% of their value during the month of June to date.

In terms of subscribers, the company has indicated that June has seen its subscriber base increase by 26% to date, based on a base of under 1,000 at the end of May. The company has indicated that it “remains confident that an end-of-year target of 10,000 subscribers is a reasonable goal.”

The firm meanwhile also indicated that the CryptoHawk-based Crypto Fund remains on track for an August 2021 launch, with pre-marketing currently progressing.

DigiMax Global last traded at $0.13 on the CSE.


FULL DISCLOSURE: DigiMax Global Solutions is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover DigiMax Global Solutions on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Patient Capital Management To Invest Up To 15% Of Book In Bitcoin ETFs

In a recent filing with the US Securities and Exchange Commission (SEC), Patient Capital Management...

Wednesday, March 13, 2024, 02:59:00 PM

Musk’s Bitcoin Electricity Comments Could Push Investment To Coins Like XRP, Dogecoin, Cardano

Elon Musk’s May 13 tweet that Tesla will no longer accept Bitcoin as payment for...

Wednesday, May 19, 2021, 02:22:00 PM

Hut 8 Mining: Pressured By Declining Revenue And Rising Costs

Hut 8 Mining Corp (TSX: HUT), one of the largest publicly traded Bitcoin miners in...

Wednesday, September 30, 2020, 06:45:00 PM

Bitcoin Crosses US$20,000 Mark For First Time; Significant Bitcoin Buying Interest May Still Be Coming

On December 16, the price of Bitcoin crossed the US$20,000 mark for the first time,...

Thursday, December 17, 2020, 03:47:00 PM

Biden Inks Executive Order On US Crypto Regulation, Potential Central Bank Digital Currency

In a landmark step for the United States and its US$3-trillion cryptocurrency industry, President Joe...

Wednesday, March 9, 2022, 10:41:00 AM