Astra Network Enhances Its Deep Learning Model for Crypto Trading

Astra Network is a model that shows high accuracy and profitability in competitions. It uses neural networks which is designed by a team of experts in tech and finances to develop unique cryptocurrency trading strategies.

Recent boost in AI tech development has been widely publicized as it is being applied in many industries. In crypto trading, AI-supported automated trading has become quite popular in recent years as neural networks have been gaining notoriety. With this popularity, various contests testing algorithmic trading solutions became available for international teams raising the bar of AI applications in the blockchain and cryptocurrency industry.  

A well-known financial company Quantopian held a large competition for neural network developer teams in 2020. More than 30 teams competed in crypto trading skills using AI-enhanced solutions. Among them – Astra Network, which was awarded second place in the contest.

Astra Network positions itself as a neural network designed by a team of experts in tech and finances who can develop unique cryptocurrency trading strategies using neural networks. These deep learning algorithms provide precise predictions and drastically improve the efficiency levels for crypto traders.

The Quantopian contest asked the teams to create a neural network model based on historical data, which would ultimately help predict cryptocurrency behavior and recommend a trading strategy that maximized returns and minimized risks. Using deep learning and other AI algorithms the Astra Network team trained the neural network to decide when to buy and when to sell coins and tokens – with outstanding results. Astra Network’s model showed an especially high level of accuracy and profitability, which secured second place in the competition. Multiple crypto exchanges were used and a number of cryptocurrencies were traded.

The Astra Network team said it also utilized “ensemble modeling techniques” to improve the accuracy of crypto behavior. Cloud computing and other technologies were also used, which gave the Astra Network team a competitive advantage over other contestants. 

Since the competition, the Astra Network team has optimized its neural network for short-term investments but is also working for long-term solutions for crypto traders and investors. With years of combined experience in the neural networks and crypto trading, the Astra Network team can successfully create automated trading strategies for both individual and institutional investors from all parts of the world.