# Market analysis

By now the curiosity of the large masses in blockchain and cryptocurrency innovations in general has increased. We conducted our own research before we started designing AXXA.AI project, and also analyzed a large number of online surveys to find out how people use cryptocurrencies in their operations more frequently. If you sum up all the experiments, the outcome is as follows:

![](https://2415004261-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MW65wFfTIitB0-D2unZ%2F-MW66_9fHj2ud_rO-ETK%2F-MW67jC4zrEaKTcvWMH6%2F2.png?alt=media\&token=f62eb35e-756e-4993-b0e5-49f5adbcba14)

This helped us to conclude that the vast majority of people use them not for their intended purpose, but as a trading method with a high level of profitability despite all the significant benefits that cryptocurrencies offer as a means of payment. And thus a project aimed at improving trading efficiency would eventually be in demand for cryptocurrency products on the market, as it saves time for market research, helps to mitigate and diversify risks, and allows all regular decision-making processes to be automated.\
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We have analyzed a variety of existing solutions, performed a comparative study and found that there is no market presence of completely similar products. Due to all the features of the crypto-currency industry, their implementation is very complicated and requires some expertise in software development. Let's look at a comparative table of characteristics supplied by AXXA.AI most common competitive services:



| Advantages                                      | AXXA.AI | Trading View | Coinigy | Coin Stats |
| ----------------------------------------------- | :-----: | :----------: | :-----: | :--------: |
| Fast, efficient and easy trading                |    ✅    |       ❌      |    ✅    |      ❌     |
| Flexible notiﬁcations system                    |    ✅    |       ❌      |    ✅    |      ❌     |
| User Cryptocurrency Portfolio Tracking          |    ✅    |       ❌      |    ❌    |      ✅     |
| Multi-level partner system                      |    ✅    |       ❌      |    ❌    |      ❌     |
| Ability to analyse the significance of the news |    ✅    |       ❌      |    ❌    |      ❌     |
| Cross-platform                                  |    ✅    |       ❌      |    ❌    |      ❌     |
| Multi-level system of trading training          |    ✅    |       ✅      |    ❌    |      ❌     |
| Ability to monetize user's knowledge            |    ✅    |       ❌      |    ❌    |      ❌     |
| Personal data security                          |    ✅    |       ✅      |    ✅    |      ✅     |
| User behavioral trend analysis on the exchange  |    ✅    |       ❌      |    ❌    |      ❌     |

A general comparison of other cryptocurrency services and AXXA.AI:

|                                             | <p>Time<br>saving</p> | <p>Trading<br>eﬃciency</p> | <p>Skills<br>development</p> | <p>Fast<br>access</p> | Automation of the tasks | Monetization of user's content | Global analysis |
| ------------------------------------------- | :-------------------: | :------------------------: | :--------------------------: | :-------------------: | :---------------------: | :----------------------------: | :-------------: |
| Crypto services of trading bots             |           ➕           |              ➕             |               ➖              |           ➖           |            ➕            |                ➖               |        ➖        |
| Crypto training websites                    |           ➖           |              ➖             |               ➕              |           ➖           |            ➖            |                ➖               |        ➖        |
| Crypto arbitrage services                   |           ➕           |              ➕             |               ➖              |           ➕           |            ➕            |                ➖               |        ➕        |
| Crypto services of analytics and indicators |           ➖           |              ➕             |               ➕              |           ➖           |            ➖            |                ➖               |        ➕        |
| Crypto statistics services                  |           ➖           |              ➕             |               ➖              |           ➖           |            ➖            |                ➖               |        ➕        |
| Crypto services of order management         |           ➕           |              ➕             |               ➖              |           ➖           |            ➕            |                ➖               |        ➖        |
| Crypto news resources                       |           ➖           |              ➖             |               ➖              |           ➖           |            ➖            |                ➖               |        ➕        |
| Crypto social networks                      |           ➖           |              ➖             |               ➖              |           ➖           |            ➖            |                ➖               |        ➕        |
| AXXA.AI Foundation                          |           ➕           |              ➕             |               ➕              |           ➕           |            ➕            |                ➕               |        ➕        |
