Successful cryptocurrency investment is difficult, and even seasoned professionals who have years of expertise understanding macroeconomic and cryptographic fundamentals and technical analysis frequently fail at it.
Fortunately, investors will soon have yet more important tool to add to their arsenal of analysis resources.
AI is already shown its capacity to forecast changes in financial markets.
A recent study demonstrated how AI, including ChatGPT, can forecast changes in stock prices thanks to large language models (LLMs) based on machine learning.
In order to spot trends that the human eye might have missed, AI models can evaluate vast volumes of pricing data. A strong market edge may be given to traders by good models. Thus, it should come as no surprise that yPredict, a new AI cryptocurrency startup, has been creating a lot of buzz in the industry.
A first-of-its-kind, institutional-grade cryptocurrency price prediction system is being developed by yPredict, a ground-breaking new trading and market intelligence platform for cryptocurrencies driven by AI.
Observers assert that the technology, which will be based on yPredict’s own extensive data analysis, will make it simple for crypto investors to identify the next big coin.
The greatest thing is that everyone will still be able to utilize yPredict’s cryptocurrency price prediction system for free and without having to register; according to the project’s Whitepaper, the price forecasts will be made accessible to the public and will not require a login.
The price prediction system will continue to be offered without charge since, according to yPredict, it « will serve as a source of inbound traffic for (the broader) yPredict ecosystem. »
In spite of the fact that their technique for predicting prices has been hailed as a game-changer for the sector, yPredict really provides investors with a lot more than just crypto price forecasts.
A Closer Look at yPredict
According to the startup’s Litepaper, yPredict is
« creating a cutting-edge crypto research and trading platform that gives investors and traders access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features. »
Modern predictive models, data insights, and top 1% AI engineers and quants were used to create the platform’s technology.
The ypredict.ai marketplace will, in the meanwhile,
« enable experts to earn recurring revenue by offering their model predictions or data research as trading signals, which traders and investors can subscribe to. »
All in all, the platform of yPredict seeks to provide market participants a decisive advantage.
By the end of 2023, yPredict intends to provide the complete version of its Analytics, Repository, and Marketplace platform, according to the project’s whitepaper.
yPredict Presale is Gaining Speed – Take Action Now
yPredict is holding a presale for the native $YPRED token that will power its platform in order to raise money for the development of its ground-breaking AI-powered crypto trading and market intelligence platform.
And the presale recently raised $1.88 million, marking a significant achievement in its fundraising efforts.
With the project’s presale being in its sixth round, the price of the $YPRED token has increased from $0.07 to $0.09.
New investors still have a lot to win, though, since the coin will list on many major exchanges for $0.12 later this year, representing 33% paper gains.
Investors must take cautious not to miss out before the presale runs out, though, given how quickly yPredict’s $YPRED coin is still flying off the shelves.
If the presale keeps picking up steam like it has in recent days, the $6.5 million hard ceiling on yPredict might be reached in a few weeks.
The increase $YPRED might see in the long term may be incomparable to the 33% returns that investors who invest now can earn.
It’s hardly surprising that analysts are forecasting big things for the yPredict platform and its $YPRED token given that more traders and investors are likely to use AI technology for trading help in the upcoming quarters and years.
Popular British crypto start-up/presale YouTube analyst Jacob Crypto Bury believes that yPredict appears to be a « low market cap gem, » with $YPRED having the potential to increase by at least 10 times.
