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.
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