Cryptocurrency exchange Binance TR has launched a new AI feature to make the job of altcoin screening easier.
Binance TR, the Turkish arm of Binance, the world’s largest cryptocurrency exchange, launched a new feature last week.
Binance TR’s AI (artificial intelligence) function will now combine numerous factors to provide a score from 1 to 10 regarding the overall condition of Bitcoin and altcoins. Factors considered include social media data, breaking news, market sentiment, and the opinions of leading influencers.
The image below shows an example of how XRP is being evaluated by Binance TR AI at the time of writing this article. The AI system compiles all this data, assigns a score to the cryptocurrency in question, and ranks numerous assets from positive to negative.
In addition, the system interprets and presents to the user why assets are rising or falling based on their performance over the past 24 hours.
The Binance TR AI system provides a transparent view of which data points influence scores and to what extent, and which news and posts are considered when generating the scores.
To access the AI function on Binance TR, go to the Markets section in the Binance TR mobile application and then navigate to the “AI Evaluation” section from the top tabs. The image below shows how to access this function.
Please note that to use this function, your Binance TR mobile application must be version 4.0.0 or higher.
