In a strong move reflecting the rising adoption of artificial intelligence (AI) in market forecasting, yPredict, an innovative crypto trading and intelligence platform, has hit an impressive milestone, raising above $2.6 million in its presale. This bold step underscores the momentum of this practical application of AI in crypto trading by using its native $YPRED token. The stakes are high for investors seeking to partake. If donations reach $2.982 million, the rate for the $YPRED token rises 11% to $0.1.
The adoption of yPredict’s presale is moving at a brisk pace and promises a significant return for those jumping on board. Having a hard cap set at $6.5 million, the supporting token <$YPRED> has potential to list across major exchanges at $0.12, hinting at possible 33% paper gains.
So, elaborate how yPredict works, you ask? Well, the platform relies on AI’s groundbreaking developments. A shining example being generative AI chatbots which significantly increase knowledge workers’ productivity. These trends have already moved into the sphere of financial market forecasting making it more efficient. Recent studies report machine learning-based Large Language Models (LLMs), like the ones behind AI such as ChatGPT, can accurately envision stock price movements.
In this context, yPredict aims to equip traders with this valuable asset. The startup’s ‘Litepaper’ plan states the intention to create a sophisticated crypto trading platform that offers access to dozens of AI-powered signals, breakouts, pattern recognition, etc. This could translate into a lucrative boost for traders with keen eyes on market movements.
Constructed using predictive models and data insights by top tier AI developers and quants, the technology behind yPredict shows huge promise. The company is set to launch a beta version of its comprehensive Analytics, Repository and Marketplace platform by end of 2023, passing another thrilling marker in unlocking its potential.
Beyond just being a financial data analytics tool, yPredict has recently declared an affordable, self-hosted content solution, catering to medium to large content teams. This addition primarily focuses on user management and task assignments that leverage AI-power for smooth content creation and enhanced productivity. For CEO Raj Sharma, this expansion marks a transition from merely a crypto analytics tool to a resource catering a broader set of industries.
Adding more spice is the introduction of $YPRED, yPredict’s in-house crypto. Issued on the Polygon blockchain which promises reduced gas fees and quick transaction times, the $YPRED acts as the utility coin forming the economic backbone of its trading platform. It offers a spin on the traditional subscription payment systems with the token also set up for staking in pools to benefit from monthly rewards.
Undeniably yPredict stands poised for promising growth, thanks to the integration of AI into its trading, forecasting and analytics processes. Amidst this development, there are legitimate concerns as to whether this rapid growth can be sustained without causing any major disruption due to possible market fluctuations. Only time will be the judge, and it will be interesting to see how this project navigates through uncharted waters.
Source: Cryptonews
